I’m sure many of you have already heard about Kindle Unlimited. For $9.99 a month, you can download an unlimited number of eBooks to your Kindle every month. But what does this mean for indie authors?
Kindle Unlimited for Indie Authors
Well, it seems that there’s a pool, and self-published authors receive a share of that monthly pool, and from what I’ve read, it’s around $1 or $2 per book downloaded, as long as the reader read more than 10% of the book. It is not based on the price of your book. For authors of more expensive books, this would seem like a big disadvantage. If your book is only 99 cents, then it may be advantageous to use this system. However, if you want your book to be a part of Kindle Unlimited, it must be a part of KDP Select, which means you can only publish through Amazon.
I’ve read some accounts of how this is affecting sales rankings, since the number of titles on this new system are limited in number. Titles that aren’t doing well normally may benefit from an increase in their ranking, which could encourage regular sales. Titles that are already selling well would see an increase, too. But we can’t be too optimistic yet. It may also be bad for indie authors. They may get paid less in the end. We have to wait and see.
Now, imagine if you have a collection of short stories for sale. It would be far more profitable in KU if you split them up and have them all available for downloading individually. You’d get a better share of the money, and may make quite a bit more. This could be good for short story authors.
So, this leads me to another thought. I am thinking about some short stories I’d like to write. I’d sell them for 99 cents each, and if I entered KDP Select for these titles, I may make significantly more income from them. Correct me if I’m wrong, please. I’ve read a lot of conflicting information about this, unfortunately. There’s a lively discussion on Hugh Howey’s website here.
The short story idea I have is science fiction, and all about the solar system. The stories take place on different worlds, and are both standalone and linked in some way. Now, my thoughts have been about the kind of story they are. One one hand, I could write them as serious hard sci-fi with quite a bit of suspense. On the other hand, I could write them for young readers and make them more fun and educational. I’m a strong proponent for science education for children, and I’d like them to find science interesting and fun. This is one way to help kids find an interest in space and astronomy.
What do you think? More adult stories or children’s stories? Or maybe even both? Leave me a comment, please.