So Amazon has started something new called Kindle Unlimited. It is a subscription based e-book service. You pay $9.99 a month and you can read unlimited books from the KU library and have up to 10 on your device at a time. It even includes the kindle apps, which will not let you do the prime lending library. Right now anything that is enrolled in the Kindle Select program, plus some big name authors that have special deals with Amazon like JK Rowling and Suzanne Collins are included. This is both exciting and scary for writers.
I’m an Indie writer. I write and publish my books on my own. I typically do a giveaway of Threads That Bind every couple of months to get exposure and hope that it results in people liking the book enough to download the next books in the series. (Incidentally, the next giveaway is tomorrow, the 19th – 21st). So far that strategy has worked pretty well for me. I would love to have millions of people reading about Madison and Rhys, but right now I will settle for tens of thousands.
KU is a great deal for voracious readers. If you haven’t seen it, you might want to take a look. (And while you are there download my books and read through at least 10% so I get paid. 🙂 ). What makes this scary for writers is that we don’t know how much we get paid for each download. For the KU Amazon establishes a pool of money that gets divided up each month based on the number of time someone downloads your book (and reads at least 10%). How much each download is worth depends on the total number of borrows. I am hoping that it stays at around $2.00 – which is close to what I get for each book that is purchased by a reader through the normal method. If it stays around $2.00/borrow I will keep my books in select, but if it drops down much below that I will have to consider if keeping them in select is still in my best interest. The down side is that I lose the ability to do free days. I would have to go to a model of .99 for the first book or something like that.
The times, they are a-changing. If you do give KU a try (they have a free month trial going on right now) and let me know what you think of it. I would love to hear some readers’ reactions.
If you have already read – or will be reading soon – my books, and you haven’t left a review on Amazon, I would once again tell you how much it helps me when people leave reviews. You guys are the best fans a writer could ask for. I appreciate every review, every word of mouth recommendation, and every social media share that goes on. It is because of people like you that I can write – and I hope to one day do it full time so I can tell you more stories.