- Your books must not be digitally available anywhere but Amazon
- You sign up for three months at a time, after which you can opt out
- You are entitled to make your book free for 5 days out of each 90 day period
- There is a fixed amount of money which will be split between books which have been lent out each month; you will receive this amount divided by number of loans x loans of your book. Amazon will provide $6 million for 2012.
Thursday, 8 December 2011
KDP Select - Amazon's offer to indies
Amazon has just launched KDP Select; any books you sign up to the scheme can be borrowed by US Amazon Prime members through the Kindle Owners' Lending Library. Main features of KDP Select are:
I've signed up for this, taking my books down from Smashwords, where I sell few copies. I like to be in at the start with new ventures, though I suspect the writers who do best will be US indie bestsellers with multiple books.
The encouraging thing is that it shows Amazon appreciates its self-publishers, who these days are a big slice of the publishing industry. Some best-selling US indies were consulted by them about the scheme before it was finalized. This is more proof that we are a force to be reckoned with in publishing, and a great deal more welcome - however it works out in practice - than Penguin's recent attempt to profit from would-be self-publishers.
I also can't help wondering, if Amazon is doing this for us, what else might it have up its sleeve for the future?
Posted by Lexi at Thursday, December 08, 2011