Kindle Unlimited – Publetariat

Quick Link: KU Scammers on Amazon – What’s Going On?

April 21, 2016 by Publetariat

Quick links, bringing you great articles on writing from all over the web.

This is a very important read for all authors, but especially those that publish through Kindle Unlimited 2.0. We need to give this problem as much attention as possible so that Amazon will hopefully do something to fix this issue. It is difficult enough to find readers and compete with other legitimate titles, but now scammers are basically cheating you out of profits. Ann Christy (Navy Commander by Day, Secret Writer by Night!) has a really good in depth post with all the details on her website. How do you think Amazon could solve this problem?

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KU Scammers on Amazon – What’s Going On?

April 15, 2016

By Ann Christy

Online criminal concept This is extremely long and probably only of interest to indie authors, but it does impact readers who shop Amazon, so I’m putting it here for anyone.

Not many readers (who aren’t also authors) know any details about this, though readers sure are noticing the impacts of the scams. I see threads or posts all over the place about the difficulty readers are having with simply browsing on Amazon to find their next good read.

Discoverability is an author’s word when it comes to books…it’s the holy grail of the indie. If you say it in the tones of a voice-over in a serious movie, you can almost hear the slight echo: What is the secret of the grail (discoverability)?

Now, it is also a reader problem. The scammers have made finding books too difficult. Readers are going back to older methods for finding books or even worse, simply writing off any new author out of hand unless the recommendation comes from an actual person on Goodreads or forum or the like.

For those who don’t know, to be in KU, a book can’t be available at any other vendor. Amazon exclusive. The bonus is that it gets slightly better visibility simply because it can be a “recommendation” to KU browsers. Books not in KU are often not shown to them unless they are bigger names.

On to the issue of the scammers and what’s really going on…

KU pays authors based on a communal pot. It is not based on the price of the book. The amount KU subscribers pay is then divided between all authors based on how many of their pages were read by users.

So, it’s a pie. Some get a bigger slice, some a smaller, but the pie is finite and must be shared. So, if scammers take out of that pie, it comes directly out of the pockets of the others. That’s important.

KU 2.0 (which is what we’re in now) pays by the page. Not pages in books, but pages reader reads.

Read the full post on Ann Christy

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Kindle Royalty Payment Changes Roundup

January 3, 2016July 1, 2015 by Publetariat

Amazon has recently announced a major overhaul of how it will calculate royalties to be paid on Kindle Unlimited and Kindle Select Lending Library borrows.

Since most authors seem perplexed at how the new system works, and will affect them, here’s a roundup of reactions from people who’ve done some analysis.

Over on the Melville House blog, the outlook on these changes is gloomy:

When Kindle Unlimited was first formed, it offered royalties to authors as long as book borrowers read 10% of the text. Now authors are likely to make less money each time the book’s borrowed, unless his or her readers complete a considerable chunk of the text (or even–gasp–read the whole thing).

Trent Evans isn’t so sure, and he lays out a very detailed and intricate financial analysis to back up his theory that the changes could be a good thing for authors, since they will very likely force authors to stop slicing and dicing their books into much shorter novellas in order to get more borrows:

The more I think about this, the more I suspect this change is almost wholly focused on combating the rampant gaming of KU that’s been going on. The absurd ease with which KU (in its current form) can be ruthlessly gamed is one of the many reasons why I stayed far away (after my initial experiment with it).

C.E. Kilgore is in agreement with Evans on the “gaming” aspect, but her overall opinion of the changes is still negative and she calls Amazon’s sample payout scenarios into question:

Now, being paid per page means that the 25 page novellas filling the pool are going to be earning significantly less than their 250 page swimming-buddies. But, exactly how significantly less isn’t being honestly represented.

In [Amazon’s] redonk [payout calculation] example, they are giving each page a $10 worth. Excuse me for a moment while I LOL at that. Authors, please – stop right there and don’t even get any ideas about that actually happening. No way is Amazon EVER going to pay out anything close to $10 per page.

A more reasonably achievable figure is 1 penny per page (but I believe it will end up being something more like 0.006 cents – 0.008 cents per page ‘ i.e. not even a penny per page) payouts.

Read the different perspectives and analyses before making up your mind about the likely impact on your own Kindle books.

May 2015 Author Earnings Report

January 3, 2016May 6, 2015 by Publetariat

This post originally appeared on Author Earnings in 5/15.

Welcome to the May 2015 Author Earnings Report. This is our sixth quarterly look at Amazon’s ebook sales, with data taken on over 200,000 bestselling ebooks. With each report over the past year and a half, we have come to see great consistency in our results, but there is always something new that surprises us. Often, it’s something we weren’t expecting, like the massive shadow industry of ISBN-less ebooks being sold, or the effect Kindle Unlimited has on title visibility. This time, we went into our report curious about one thing in particular. But we were still not prepared for what we found.

If you’ve been shopping for ebooks on Amazon lately, you may have seen this new addition to many ebook product pages:

This announcement can be found on ebooks from several of the largest publishers, and it appears to serve as both an apology from Amazon and also a shifting of the blame for high ebook prices. Amazon has stated in the past that they believe ebooks should not cost more than $9.99. Self-published authors are no doubt familiar with this price constraint, as their royalties are cut in half if they price higher than this amount. But after a contentious and drawn-out negotiation with Hachette Book Group last year, Amazon relinquished the ability to discount ebooks with several publishers. Prices with these publishers are now set firmly by them.

Read the full report on Author Earnings.

Which Authors Do Subscription Services Benefit?

January 3, 2016April 30, 2015 by Publetariat

This post by Dana Beth Weinberg originally appeared on Digital Book World (DBW) on 4/28/15.

Expert publishing blog opinions are solely those of the blogger and not necessarily endorsed by DBW.

Subscriptions services may yet turn out to be a next game-changer in publishing, but for the moment that market is in a state of flux and expansion.

Oyster recently added an ebookstore loaded with Big Five titles, a move that could in turn bolster the subscription model, potentially attracting new readers and making the brand more competitive with Amazon. Scribd is steadily bulking up on audiobooks. Two major publishers added ebooks to new the multimedia subscription platform Playster in recent weeks. Meanwhile, Amazon continues to grow Kindle Unlimited yet continues to pay participating indie authors at rates similar to those that spurred grumblings late last year.

What do these services mean for authors? Since, on the one hand, ebook subscription providers typically pay authors less than an individual book sale, they could ultimately undercut authors’ earnings in a market where so few are “making it.” But on the other, subscription services may encourage readers to take risks on new authors, aiding certain authors’ discoverability over the longer term.

Read the full post on DBW.

Episodic Fiction is Finding a New Home on Kindle Unlimited

January 3, 2016March 11, 2015 by Publetariat

This post by Michael Kozlowski originally appeared on GoodEReader on 3/11/15.

Indie authors are disrupting e-book publishing by writing episodic fiction. They are primarily distributing the titles through Kindle Unlimited and the Kindle lending library. This is providing a financial boon to authors who write 60 page novels in a serialized manner. This method of writing is quickly becoming more profitable than simply writing a single feature length novel.

Serialized fiction first gained prominence in Victorian England and it first appeared in newspapers. It was practiced by such literary giants as Charles Dickens, Leo Tolstoy and Joseph Conrad. It fell out of favor in the last fifty years, but is now making a rebound, thanks to Amazon.

Things have been fairly static in self-publishing and traditional publishing for decades. An author writes a book and has it distributed through specific sales channels. They promote a single title and get paid when readers purchase it. Now we have Amazon picking up the tab when a book is read and the reader pays virtually nothing.

The Kindle Lending Library was first established in 2011 and allows members who opt into Amazon Prime to read one free book a month. This has proven to be a lucrative method for indie authors to garner sales. Kindle Unlimited is a similar program, but instead of a Prime membership, users pay around $10.00 a month and read as many e-books they want.

Read the full post on GoodEReader.

The Strategic Use of Book Giveaways and How They Can Increase Earnings Potential

January 3, 2016February 18, 2015 by Publetariat

This post by Jane Friedman originally appeared on her site on 1/30/15.

Over the last few months, I’ve observed a lot of chatter regarding the use of giveaways, especially for indie author book marketing and promotion. A summary of the most recent conversation can be found over at Porter Anderson’s post, ‘Who Decided Our Worth?’ Do Free Books Give Away Authors’ Value?

So, do free books hurt authors (or publishers, for that matter)? The short answer is no. For the long answer, keep reading.

What’s Your Funnel?

This is the key question that every strategic author needs to ask. The funnel is the path that readers take from becoming aware of you to becoming a fan.

Giveaways (or freebies) are popular for good reason; they’re a classic, frictionless way to make people aware of your work. Just about every industry has some way of using “free” to their advantage, particularly game, software, and app developers. If you can get a sufficient number of people in the door, and they like your stuff, you can sell them other things once you have some kind of trust or relationship in place.

If you’ve seen the famous Alec Baldwin speech in Glengarry Glen Ross—it’s a favorite of mine—it’s the same idea being expressed. A-I-D-A. First, get people’s attention—whether through an ad, a freebie, traditional media coverage, whatever. That creates interest. And if all goes well, you have desire and action to make a purchase later.

I don’t find it useful to discuss (or demonize) giveaways in the abstract, because unless we can tie it to a particular strategy for a particular author at a particular time, it’s impossible to evaluate it properly. If the giveaway leads to paying fans down the road, it’s smart. If the giveaway leads to no further action, then it should be reconsidered.

Read the full post on Jane Friedman’s site.

Kindle Unlimited Not a Great Deal for Readers or Authors

January 3, 2016January 22, 2015 by Publetariat

This post by Marion Stein originally appeared on her Marion’s Blog on 1/12/15.

One of my Goodreads friends recently asked if he could find my works on Amazon’s recently launched Kindle Unlimited scheme. Here is what I told him:

My books aren’t enrolled in Kindle Select and won’t be. Authors who participate are mostly losing money compared to before. Authors who aren’t in it are also seeing sales drop. Everyone is losing money but Amazon. There are now 700,000 books on Kindle Unlimited. That may sound like a lot, but unless you only read indies, most books you want to read are not there. Traditional publishers can put books into Kindle Unlimited and still sell those books in other venues like Nook Books and Kobo. However, indies have to also be enrolled in Kindle Select to be on Kindle Unlimited, which means they have to sell those ebooks exclusively on Kindle, and many authors (and readers) feel that that lack of competition is not a good thing.

Here are some more reasons why Kindle Unlimited is bad for authors:

Readers can use Indie Select as a private (but expensive) library. They can borrow your book, but if they don’t bother to actually read it, you get NOTHING. If they do read more than 10%, you get something, but it’s far less than if they bought it.

Read the full post on Marion’s Blog.

The Self-Publishing Sky is Not Falling

January 3, 2016January 11, 2015 by Publetariat

This post by James Scott Bell originally appeared on The Kill Zone on 1/11/15.

Toward the end of last year a meme started to develop, asserting that the salad days of self-publishing are over. Only spotty hors d’oeuvres remain. One blogger put it this way:

I’ve been luckier than many Indie writers. I heard the complaints about falling sales, but for a time I hung in there, made more money every month than I had the previous month. But then the other shoe dropped and my royalties, rankings and readership tanked. New readers are not discovering me as they’ve done for years. I can’t ignore reality. Things might pick up, but I doubt it. And I’m not taking any chances.

Much of this despair was drummed up because of what many authors experienced in the Kindle Unlimited program. Indie superstar H. M. Ward had this to say:

Ok, some of you already know, but I had my serials in [KU] for 60 days and lost approx 75% of my income. That’s counting borrows and bonuses. My sales dropped like a stone. The number of borrows was higher than sales. They didn’t compliment each other, as expected.

Kristine Kathryn Rusch, one of the more astute observers of the writing biz, wrote that the “gold rush” is over, and that 2014 became “The Year of the Quitter.”

Read the full post on The Kill Zone.

Amazon Offers All-You-Can-Eat Books. Authors Turn Up Noses.

January 3, 2016December 29, 2014 by Publetariat

This article by David Streitfeld originally appeared on The New York Times on 12/27/14.

Authors are upset with Amazon. Again.

For much of the last year, mainstream novelists were furious that Amazon was discouraging the sale of some titles in its confrontation with the publisher Hachette over e-books.

Now self-published writers, who owe much of their audience to the retailer’s publishing platform, are unhappy.

One problem is too much competition. But a new complaint is about Kindle Unlimited, a new Amazon subscription service that offers access to 700,000 books — both self-published and traditionally published — for $9.99 a month.

It may bring in readers, but the writers say they earn less. And in interviews and online forums, they have voiced their complaints.

“Six months ago people were quitting their day job, convinced they could make a career out of writing,” said Bob Mayer, an e-book consultant and publisher who has written 50 books. “Now people are having to go back to that job or are scraping to get by. That’s how quickly things have changed.”

Read the full article on The New York Times.

The New Bestseller Lists

January 3, 2016August 14, 2014 by Publetariat

This post by L.J. Sellers originally appeared on The Kill Zone on 8/11/14.

Elements of the publishing industry have never been more hotly debated! The most passionate discussion is the Amazon/Hachette dispute over distribution terms and pricing, but another issue has come up that may have a broader effect on authors. Or at least, a more personal influence.

Amazon’s new Kindle Unlimited program was unveiled recently, and it’s already affecting the measure by which authors all live—the Kindle bestseller lists. I’ll get to that in a moment, but first the background: Kindle Unlimited (KU) is a subscription service for ebooks. For $9.99 a month, readers can download all the digital books they want. So far, the books included in the service mostly come from the Select program of Kindle Direct Publishing (KDP) and Amazon Publishing (AP) imprints.

[You can enroll in the KDP Select program by clicking on the box when you upload your book. When you click the Select box, you’re agreeing to make that ebook exclusive to Amazon and not sell it in ebook form anywhere else. In exchange, you get various promotional opportunities, plus you’re enrolled in KOLL (the lending library), so you get paid each time someone borrows your book. And now, with the new program, you’re also in Kindle Unlimited, for even more paid sales.]

Click here to read the full post on The Kill Zone.

Kindle Unlimited – Some Early Results

January 3, 2016July 29, 2014 by Publetariat

This post by Nick Stephenson originally appeared on his blog on 7/23/14.

For anyone still living under a rock, or perhaps a particularly voracious shrub, you’ll probably already know that Amazon’s new Kindle Unlimited program launched over the weekend, spurring a veritable explosion of opinion (both optimistic and doom-mongering) across the interwebs. Of course, much of what people are speculating is, well, just that – speculation.

So, in an attempt to add a little objectivity into the mix (God forbid) I figured I’d let you know how the new Kindle Unlimited service has affected me in the few days it’s been live.

But, before I get to that, I promised I’d put a comprehensive post together explaining how I’ve been building up my email list over the last few months. I’m seeing some steady growth – going from just a few hundred subscribers at the beginning of the year to over 4,000 readers as of today. For me, especially in light of potential game-changers like Kindle Unlimited, having my own ready-made list of followers is more important than ever. If you want to find out more about what I’ve been doing to build this up, head on over to indie legend David Gaughran’s Blog – David was kind enough to invite me over for a guest post about email tactics, and I’ve included a full breakdown.

Anyway, back to the topic at hand. What exactly is Kindle Unlimited? It’s being touted as “Netflix for Books”, and is essentially a competitor to the already established offerings from Scribd and Oyster. The key points authors need to know are:

Click here to read the full post on Nick Stephenson’s blog.

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KU Scammers on Amazon – What’s Going On?

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