Posts Tagged ‘KOLL’

Amazon’s Kindle Direct Publishing (KDP) team announced this week they continue to see strong response from customers to the Kindle Unlimited (KU) book borrows scheme and are adding a bonus of $4.25 million to the previously announced base fund amount of $3 million. This brings the total fund to $7.25 million for the month of December.

KDP released the following report “to share some initial results from the first few months of Kindle Unlimited” with its stable of participating authors and independent publishers:

• Renewal Rates – Authors have chosen to renew their titles in KDP Select at rates in excess of 95% in each month of 2014.
• A La Carte Sales Growth – During the 5 full months since KU launch (August to December 2014), royalties to KDPS authors from a la carte sales have grown faster than a la carte sales on KDP overall or Kindle overall.
• Adding in the payments for KOLL and KU over that time, total royalties to KDPS authors more than doubled when compared to the same period in 2013.
• Total earnings on titles priced $2.99 or greater are growing faster than the overall average. The same is true for titles 150+ pages in length.

A KDP spokesperson says, “To further highlight the KDP Select books that are most popular with customers, we will again award “KDP Select All-Stars” for December to the most-read authors and titles in the U.S., U.K. and Germany. We’ll spotlight each All-Star author and title on applicable detail pages.

“These awards will come with financial bonuses and recipients will be contacted in the next few days. For more information on All-Stars, visit https://kdp.amazon.com/help?topicId=A2X66QXB12WV2. Anyone with a title in KDP Select—even a debut author with a single title—can qualify if their work becomes a customer favorite. We will also pay a separate bonus for Kindle Owners’ Lending Library loans in Japan.”

The spokesperson says, “We’ve gotten lots of great feedback in the past weeks and months, including a bunch of ideas on how to further improve the structure of the program and make it work better for authors and readers alike. Like everything we do, we’re looking hard at all your feedback and we expect to keep tweaking and improving the program in the future.”

 

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Amazon’s Kindle Direct Publishing team has advised authors participating in its new Kindle Unlimited (KU) ebook borrowing initiative it is adding a bonus of US$2.7 million in August – and that’s on top of the regular base fund amount of US$2 million. Apparently the bonus has been prompted by a “significant early trial response from customers” to KU.

The top 10 most-read KDP Select authors will each receive US$25,000.

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Healthy bonus in store for Kindle Unlimited authors.

Here’s the balance of KDP’s announcement (unabridged):

To further highlight the KDP Select (KDPS) books and authors that are most popular with customers, we are introducing a new element to the program: “KDP Select All-Stars”. Based on what KDPS titles are being read the most during the month, we will identify each All-Star author and title on each applicable KDPS title’s detail page. In addition, KDP Select All-Stars will earn financial bonuses paid separately from the $2.7M bonus. Anyone with titles in KDPS — even a debut author with a single title — can qualify if their work becomes a customer favorite.

For August, we will pay out All-Star bonuses to the top 100 most-read authors and, separately, the top 100 most-read titles. We will calculate ‘most-read’ by combining books sold plus qualified borrows from KU and the Kindle Owners Lending Library (KOLL) during the month. Calculations only include sales and qualified borrows for titles enrolled in KDPS. Recipients will be contacted in the next few days.

The top 100 most-read KDPS authors will each be awarded the following amounts:
• Authors 1 through 10 will receive $25,000
• Authors 11 through 20 will receive $10,000
• Authors 21 through 30 will receive $5,000
• Authors 31 through 50 will receive $2,500
• Authors 51 through 100 will receive $1,000

Authors of the top 100 KDPS titles will each earn the following amounts:
• Titles 1 through 10 will receive $2,500
• Titles 11 through 50 will receive $1,000
• Titles 51 through 100 will receive $500

Denoting All-Stars on detail pages is a new element of KDP Select and we expect our approach to this will evolve over time. We hope it adds a little fun and adventure to the program!

Finally, many authors outside the US derive most of their qualified borrows from KOLL and have not been able to benefit from the growth of KU. This has meaningfully altered their ability to compete within the wider pool of KDPS loans. To adjust for this, we are adding an additional bonus of $80,000 to be paid out on all KOLL loans outside of the US.

★★★★★ INVITATION: We’d love to hear from our followers, fellow authors, publishers/indie publishers and readers what you think about Kindle Unlimited. Let us know if you feel as positive about Amazon’s latest initiative as we do…and if not why not. Thanks!

Lance & James

 

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Since Amazon rolled out its Kindle Unlimited initiative, enabling subscribers to borrow as many ebooks as they desire for just $9.99 a month, debate has intensified over whether the scheme is good or bad for participating authors.

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As participating authors – all our eight book titles are registered in the scheme – we have followed the debate with interest. And we know we are not alone: social media is full of author speculation on the merits or otherwise of Kindle Unlimited.

One of the best summaries of the new initiative (in our opinion) is offered by American author and publishing veteran Michael J. Sullivan in a recent contribution to DigitalBookworld.com’s excellent site. In an article headed “Kindle Unlimited’s Two-Tier System Makes Some Authors Second-Class Citizens”, Sullivan summarizes the scheme and then perceptively dissects it.

Author Michael J. Sullivan…critical of Kindle Unlimited.

Excerpts from Sullivan’s article follow:

… Historically, Amazon has been good about treating self-published authors and traditionally published authors equally. There are some exceptions…but for the most part both self- and traditionally published authors have enjoyed equal treatment. They share similar exposure on best-seller lists and top-rated lists, and Amazon’s “cut” from sales have been the same for both groups (30% under the agency model). In fact, when the agency model went into affect, Amazon raised self-publisher’s royalty from 35% to 70% to match what traditional publishers were getting. But now with the roll-out of Kindle Unlimited, we see two very different treatments:

Self-published authors MUST be exclusive to Amazon (except for a handful of best-selling authors) and can’t sell their books on other sites. Traditionally published books have no such exclusivity requirement and can be sold wherever the publisher wishes.

Self-published authors are paid from a pool set by Amazon each month. They have no idea how much they will be paid per book. Traditionally published books get paid exactly as they would if a sale were made. They know exactly what the unit price will be for each book and are not relying on the Amazon’s whim as far as what their unit price will be.

Why the difference?

Whenever I speak about a situation where an entity (retailers or publishers) treat authors poorly the answer is always the same: “because they can.” The publishers would never agree to the terms the self-published authors are getting. What Amazon is offering traditional publishers (full wholesale price without exclusivity) is a pretty good deal…

…They are giving publishers such a fair deal because there is no way the publishers would agree otherwise. Even with such attractive terms, I suspect the big-five won’t opt in their titles. But the self-published authors can be had for much less. They have been conditioned through several years of Select and those in Select are more than willing to give up other venues for higher visibility on Amazon…

…To add insult to injury, the current payout system has self-published authors subsidizing the payments of the traditionally published titles, much the way best-selling titles subsidize books that aren’t commercial successes. By this I mean that one party is getting less to offset the costs of someone else’s works.

I’m disappointed with Amazon for not offering the same terms to both self- and traditionally-published authors. Authors have grown accustomed to poor treatment from Publisher’s, and because of the way Kindle Unlimited has been rolled out, they can add Amazon as just one more multi-billion-dollar company taking advantage of them.

To read the article in full go to: http://www.digitalbookworld.com/2014/kindle-unlimiteds-two-tier-system-makes-some-authors-second-class-citizens/

 

Happy reading! –Lance & James

 

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Amazon’s announcement that customers who subscribe to its new Kindle Unlimited initiative can borrow as many ebooks as they want to from a library of over 600,000 titles is exciting readers and authors alike.

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While not quite a revolutionary idea – previously subscribers enrolled in the Kindle Owners’ Lending Library (KOLL) could borrow one ebook per month – the new system means there’s no limit to the number of ebooks subscribers can borrow – provided they pay the $10 monthly fee.

For those avid bookworms who regularly read one book, or more, per week, Kindle Unlimited represents excellent value. It also means they can ‘try out’ books by new or unknown authors by borrowing the books in stead of having to shell out valuable dollars and hope they (the books) justify their investment.

For authors, like us, who still receive a payment – albeit a reduced payment – from Amazon for every book borrowed, the scheme provides additional access to readers who may not readily buy our books; it’s also likely to create excellent word-of-mouth, leading to more sales.

It’s a win-win for readers and authors.

All books currently enrolled in KDP Select with U.S. rights will be automatically included in Kindle Unlimited. KDP Select books will also continue to be enrolled in (KOLL) available to Amazon Prime customers in the U.S., U.K., Germany, France, and Japan where authors will continue to earn a share of the KDP Select global fund when their book is borrowed.

For those Amazon customers enrolled with Kindle Unlimited, you may come across our books available in the unlimited downloads scheme…

 

The above books can be found on our Amazon author pages at:

http://www.amazon.com/Lance-Morcan/e/B005ET3ZUO/

http://www.amazon.com/James-Morcan/e/B005EPOU48/

 

Happy reading! –Lance & James

 

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