Writer’s diary: stardate: 21.11.2013.
Every now and again I write an entry in my writer’s diary that might interest someone other than me. Even more rarely I write a blog post that might be of interest to other writers hawking their output on Amazon or thinking about it. This could be one of them.
A little while ago I enrolled all of my books in Amazon’s KDP Select Programme. I noticed that other canny self-publishers with several books to their names had all of theirs available in this way. Working on the twin principles of, if-it’s-good-enough-for-him-it’s-good-enough-for-me and there must be something in it, I belly-flopped in.
As part of this initiative paid up, card carrying members of Amazon’s Kindle Owners’ Lending Library have the opportunity to borrow books for free. The monetary benefit to the author is that every recorded download entitles one to a share of the monthly global fund! I’ve seen others complaining that this big Amazon incentive is not as potentially profitable as one might think. (By the time the global fund of maybe a million dollars or thereabouts is split between a few hundred thousand downloads of a few hundred thousand author’s books the dividend per book is not worth much.) But still, as an indie-desperado I’ll try any gimmick that might raise the profile and readership numbers of my books. Even giving away my books for free.
This month I scrutinized my Amazon royalty payment schedule a little closer than normal and I was pleasantly surprised. I’ve had a few downloads of my books through the Prime programme. When I sell one of my 77p books through Amazon in the normal way I receive 25p profit. According to my remittance advice for last month, every time a Kindle Owners’ Lending Library member downloaded one of these same books I received £1.56 – six times what I get for a normal sale. That was a surprise.
It made me think of the people I’ve seen moaning about the money involved. Probably they are the writers who are selling their books for a few quid each in the normal way and therefore making a few quid per download. £1.56 would seem rubbish to them. But to me, every download is another can of Special Brew. Cheers!