I made an important decision today. I determined that, as I really wasn’t selling many books through all the other book vending channels, I would put all of my eggs in one basket. That basket is Amazon, the great titan of the modern publishing world.
The KDP select programme works in two ways:-
1) It allows members of Amazon ‘Prime’ to borrow your book for a month through the ‘Kindle owners lending library’.
2) It allows members of Amazon’s new subscription service ‘Amazon unlimited’ (which they pay $9.99 a month for and allows them to read as many books as they like) to download your book.
What does this mean? I hear you say… Well, if an Amazon Prime member borrows your book or an Amazon unlimited subscriber reads more than 10% of you book, then you earn a share of the ‘KDP select global fund’. For the month of September the global fund stands at 3 million dollars with the average amount being paid for each book being about $1.80 (as far as I can tell).
The only downside is that you have to remove your book from all other vending channels. This is a bit of pain but it may be worth it… (I hope).
Will it work? Will this move generate additional sales? Who knows… But I don’t really have anything to lose as the books weren’t really selling through the other channels anyway 🙂
I feel like I am experimenting a lot with different things at the moment but I guess that is the lot of the indie author. I will report back on my little experiment when I have some useful data. In the meantime, if you are an Amazon ‘Prime’ or ‘Unlimited’ member, why not pop on over to Amazon and have a read of my books? 🙂
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