Tag Archives: Kindle Unlimited

Kindle Unlimited Myths

With the negativity I’ve been hearing about Kindle Unlimited lately, here’s something more positive. It’s good to look at the actual numbers, isn’t it?

chrismcmullen

Kindle Myths

KINDLE UNLIMITED MYTHS

There are many myths about KDP Select floating around.

We now have several months of data, including data released directly from KDP.

In some cases, these facts debunk popular myths.

Let me begin by answering a question that may be on many authors’ minds, and then I’ll get to the myths vs. facts about Kindle Unlimited.

WHAT DID KINDLE UNLIMITED PAY IN DECEMBER, 2014?

Kindle Unlimited paid $1.43 per download read to 10% in December, 2014.

This brings me to the first myth.

MYTH #1: KINDLE UNLIMITED IS GOING DOWN EVERY MONTH

Actually, it’s gone up a little the past two months.

In October, 2014, it was $1.33. It climbed up to $1.39 in November, 2014, and again to $1.43 in December, 2014.

Despite the extra holiday traffic in December—especially, the after-Christmas traffic with people who received new Kindles—the Kindle Unlimited payments went up.

I think that’s…

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Kindle Unlimited a Bust?

It seems I’ve been hearing a lot of reports from authors on their blogs about how they’re now losing a lot of profits from their book sales on Kindle Unlimited.  Despite money being injected into the system by Amazon, the number of books keeps increasing and they get lost in the crowd.  New York Times has an article all about this.

So, is it worth going into Kindle Unlimited?  I had some hopes before that it could generate sales.  But if the amount of money being given to authors for borrows is getting smaller and smaller, there seems to be no benefit for them.  Now down to $1.39 from $1.80, it seems anyone selling a book worth more than $2 is now losing money.  Imagine those selling for $9.99!

I can see it being worth using in one case, and I will be giving it a try when I have my solar system short story series ready for publishing.  I’d be setting the price at $0.99 each, which means that I’d only get 35% royalties from Amazon (so about $0.35 each).  But with Kindle Unlimited, it would be approximately 4 times as much.  That’s a big difference!  And my series will be 9 books long, so for a regular customer, that would be $8.91 for the customer and $3.12 paid to me if a customer buys all books.  Through Kindle Unlimited, I’d get $12.51 at the current payment rate if they downloaded all 9 books.  Not bad at all!

Now, I won’t use this system for full-length novels.  It’s not worth it.  I want to sell them elsewhere, as well.  KU requires you to sell exclusively at Amazon.

What do you think about how Kindle Unlimited is going?  Any of you trying it?

Kindle Unlimited Trends

Here’s another very detailed overview of Kindle Unlimited’s recent trends by Chris McMullen. It’s worth a read. I’m considering Kindle Unlimited for my solar system series of short stories when I write them. But who knows if KU will be around then? I’m interested in seeing how it goes over the next year.

chrismcmullen

KU Trends

KINDLE UNLIMITED

Historically, Amazon Prime borrows paid around $2 per borrow through KDP Select until the introduction of Kindle Unlimited.

The KOLL global fund has paid less for Amazon Prime borrows and Kindle Unlimited downloads read to 10% since the debut of Kindle Unlimited in July, 2014.

The most recent KOLL payout of $1.33 for October, 2014 shows a significant downward trend:

  • $2.00 or thereabouts prior to July, 2014
  • $1.81 for July, 2014
  • $1.54 for August, 2014
  • $1.52 for September, 2014
  • $1.33 for October, 2014

$1.33 is a significant drop for KOLL payments.

Books with a list price of $2.99 or higher earn royalties of $2 and up for sales (using the 70% royalty option, assuming a negligible delivery cost).

In the past, KOLL borrows have paid close to the royalty for the purchase of a $2.99 book.

But $1.33 is 33% less than the 70% royalty on a $2.99…

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Publishing and Kindle Unlimited: Conclusions from Hugh Howey’s Latest Author Earnings Report

Very interesting. Seems Kindle Unlimited actually is increasing author income. Thanks to Hugh Howey for a lot of investigation into this. I strongly urge you to read this if you’re thinking about KU.

Nicholas C. Rossis

From the blog of Nicholas C. Rossis, author of science fiction, the Pearseus epic fantasy series and children's books Image: islam-science.net

This has been a busy week. I was reading a post by Chris McMullen on Kindle Unlimited and the effect it has on rank. The next day, I came across Hugh Howey’s latest Author Earnings Report (October 2014), and a couple of interesting posts by Publishing Perspectives and Savvy Writers. As always, the publishing industry is in a state of flux, making self publishing a bit like trying to score a goal on an uneven field. Filled with shifting sand. And moving goal posts. Oh, did I mention we’re using a Rubic’s cube for a ball?

So, what have I learned from all that?

First, Some Numbers

The total number of books in print hit 28 million worldwide in 2013 , as calculated by all the titles that acquired ISBNs. In the United States, some 390,000 ISBNs were taken by the self-published authors, while approximately 300,000 were solicited…

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Prediction for How Much Kindle Unlimited Downloads Will Pay in July, 2014

Here’s a followup on a previous reblog I did about Kindle Unlimited. This time, an estimate of the actual pay that authors will receive. It’s quite comprehensive, and well-worth the read. Thanks for the information, Chris!

chrismcmullen

Unlimited Books

What Will Kindle Unlimited Pay?

We won’t find out for sure until a couple of weeks into July.

In the meantime, the best we can do is make predictions based on what limited data we do have.

When July, 2014 began, the KDP Select Global Fund was $1.2 million. This was to be distributed among Amazon Prime borrows of KDP Select books in the US and UK.

Prior to the introduction of Kindle Unlimited, Amazon typically paid approximately $2 per Amazon Prime borrow.

Kindle Unlimited was introduced a little over halfway through the month of July. $800,000 was added to the KDP Select Global Fund, bringing the total fund to $2 million.

A big factor will be that customers can download several Kindle e-books through Kindle Unlimited, whereas Amazon Prime customers can only borrow one book per month.

Thus, the total number of downloads/borrows can be expected to be much…

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How Can Kindle Unlimited Improve Your Sales?

This is a very thorough look at how Kindle Unlimited could help book sales, or even hurt them. Check out this post by Chris McMullen. I think it’s very useful and makes you think if you’re an indie author.

chrismcmullen

More Sales

Kindle Unlimited

For $9.99 per month, customers can check out up to 10 Kindle e-books from an extensive library of 600,000 titles at Amazon. All books enrolled in KDP Select are participating (plus 100,000 others from mostly small presses). Authors will receive royalties in the form of KDP Select borrows. The July, 2014 KDP Global Fund has been increased to $2,000,000. You can read more about Kindle Unlimited by clicking here.

Authors need to decide whether to opt in or opt out of KDP Select. The big question to ask is whether or not participation in Kindle Unlimited will improve the book’s sales.

Obviously, some books will thrive in this program, others will not. The difficult question is predicting how your book will do. I will discuss the pros and cons of Kindle Unlimited by focusing on how it could improve sales, and then I will discuss the…

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