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?