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Amazon KDP Select? Let's Take a Closer Look

Amazon KDP Select? Let’s Take a Closer Look

There have been so many changes in the publishing landscape through the years. Some years ago traditional publishing was the only viable form of Publishing. But as the years passed publishing has changed drastically. Self-publishing has emerged and author’s nowadays have a lot more options to choose from.

With the rise of popularity of eBooks the book market scene has become even more innovative. With the invention of the Kindle eBook device people can now store thousands and thousands of eBooks in their devices.

This innovation is truly a game changer in the publishing world. This is because the eBook format has the potential to change the book format forever.

A good number of authors are having their books written through the eBook format. Companies have grown because of these needs. Foremost among these companies is Amazon Kindle which is a series of e-Readers designed and marketed by Amazon.

The company has released a number of eBook programs that have proved beneficial to eBook readers everywhere. One great example of these programs is the Amazon KDP Select.

What is KDP Select?

KDP Select is an optional program that gives you the opportunity to reach more readers and earn more money. You can enroll a single book, your whole catalog or anything in between.This program also gives you access to various services that will help you sell and distribute your eBook.

In layman terms if you enroll with Amazon KDP Select you will receive five days to make your work free and also get paid for your eBooks that are lent through the Amazon Prime Library. The five free days can be very useful if you know how to use them. Such as garnering reviews and offering free reads to your fan base. You can also offer free reads to those who sign up for your mailing list. KDP is truly the most effective when it comes to increasing sales.

How much can you get in Royalties ?

Enrolling in KDP Select makes your book eligible for 70% royalty earnings on sales to customers in Brazil, Japan, India, and Mexico. Even better you can even earn your share of the KDP Select Global Fund amount when readers choose and read more than 10% of your book from Kindle Unlimited, or borrow your book from the Kindle Owners’ Lending Library

How do you enroll?

All authors and publishers, regardless of where they live, are eligible to enroll their books in KDP Select.

The only books ineligible for enrollment are those for which you do not have exclusive rights for the primary content of the book. Other factors, including royalty option, price, genre, etc., do not impact a book’s eligibility.

Who should enroll in KDP select?

Although KDP Select is a great program for authors everywhere, its exclusivity rule may alienate some authors out there. Which is why it is a good idea to know if this program is really for you. Here are examples of people who should enroll in KDP Select.

  • New authors who want to set up a larger readership for their books.
  • Well known authors who want to jump start a new book.
  • Authors of a series of books who want a steady readership.

What are its features?

  • It allows you to market your book in a more efficient manner and earn more money in the long run.
  • Signing up in KDP Select gives you the opportunity to use a new set of promotional tools such as Kindle Countdown Deals and Free Book Promotion.
  • You should keep in mind though that should you enroll with KDP Select your book will remain for sale through the Kindle store only.
  • You have the option make up to 10% of your books available on other sites as well and you can also distribute your book through any form other than digital.

Advantages

  • You can earn a share of the KDP Select Global Fund based on how many pages costumers read of your book
  • Enrolling with KDP Select also includes your book in Kindle Unlimited which is a subscription program that allows readers to read as many books as they want.
  • Being enrolled in KDP Select also includes your book in the Kindle Owners Lending Library which is a huge archive of books that Amazon Prime members can choose one book from with no due dates.

Disadvantages

  • The exclusivity rule for Kindle may prove disadvantageous to you as a writer. Although Amazon may be big in the US and UK, there are still other countries that your book may not reach. This is because some countries use other devices and retail stores.
  • The exclusivity rule may also limit your book’s range. Although your book is well represented by being part of Kindle Unlimited and Kindle Owners Lending Library, being unable to sign up with other eBook publishers stifles your book’s potential for growth a bit.

Should you enroll with KDP Select?

It all really depends on what you are looking for in eBook publishing. The KDP Select program does offer various advantages that would help increase your readership and earn more money. But there are some aspects of the program that you may find too constricting. Such as the exclusivity rule and the limited marketing range in some countries. All in all, it is up to you to weigh the pros and cons of the program and decide if it is really for you.

How Do Book Royalties Really Work

How Do Book Royalties Really Work

Are you a writer? Have you ever written your very own book? If you have, the question of how do book royalties really work usually pop out? First things first though let’s define what book royalties are. Book Royalties are the payments that a publishing company pays the author for rights to his or her book.

Book royalty payments usually occurs when the book publisher contacts an author to grant the publisher the right to publish the work for agreed upon amount of money. The royalty is predominantly expressed in as a percentage of sales. The usual practice of most book publishers is to pay a royalty on the list price of a book.

How are Book Royalties calculated?

When it comes to calculating book royalties, the most basic concept is that the author receives a percentage of the revenue for each book sold. But this is merely an oversimplification of how book royalties are calculated. The exact calculations and percentage cannot really be generalized because it depends on a variety of factors.

These factors are the size of the publisher, the author’s platform and the author’s marketability and criteria. It also depends on what type of book the author is selling and in what format it is made?

How do writers make money on their books?

Authors are paid in three ways by their publishers.

  1. Flat fee: The flat fee is a set amount of money that is agreed upon by the author with the publisher. This pay scheme has advantages and disadvantages. The advantage of this pay scheme is that it is given up-front and is usually a big amount of money for a first payment. The only disadvantage is that it is a set amount, thus even though your book may make a good amount of money in the future, your royalties will still stay the same.
  2. Royalties: The royalty is a small payment paid to the author for each one of his books sold. The payments are sent on a regular basis as long as the book is in print and still selling. They are sent on a regular schedule which is usually twice a year. The check is usually sent through the publishing agent.
  3. Advance: The advance is a larger amount of money compared to the It is technically a promise of more payments if the book does well. The approximate amount of the advance against royalties is based on certain factors, these are the size of the publisher, the historic performance of similar books in the marketplace and the author’s track record.

How much are authors expected to earn from their book?

How much money you get for your book really depends on the terms you have with your publisher. It also depends on which pay scheme and how many books you sell. If the pay scheme is a flat fee it is usually a bigger amount because it is technically a payout for rights to the book. One example would be getting a large payout of $20,000 for rights to your book.

One reason why publishers would pay such a large sum is because publishers see a lot of potential in the book, thus they are willing to pay a good amount for the rights.

If the pay scheme is in royalties, the amount of money that the author would receive would really depend on the number of books sold. When it comes to Advance payments the author makes money by being given an advance for the rights to the book and receives smaller payments afterwards.

Which pay scheme is the best choice for writers?

It all really depends on the author. If you want to get paid a large payout once you should take a flat payout, but do not expect to get paid any further.

If you want to get paid at intervals (mostly two times a year) you should take the Royalty payments. With royalty payments you are given a steady pay-check as long as your books are selling. The only setback to this, is that the payments really depends on how many books are sold. So should the book stop selling, you are technically out of a paycheck.

Should you choose to go with advance payments, please take note that this payment scheme is given upfront by the publisher. The payments are not as big as the flat-out payments but is still substantially larger than the royalty payments.

This pay scheme is the most popular nowadays because the author is not only given a substantial amount of money but there is also the promise that the author will be paid payments once the book starts selling. All in all the main decision is all up to the author and how he or she wants to earn.