KDP Select for Amazon Kindle Exclusive Authors

kdp selectKDP Select has just been created for Amazon Kindle authors who are willing to have their ebooks be exclusively available on Amazon. Authors who participate must keep their ebooks in the program for at least 90 days to be eligible for a rewards sharing bonus through the Kindle Owners Lending Library and can earn a share of the $6 million fund in a year’s time. Both Indie authors or those traditionally published can enter a single book or multiple titles, but they can’t distribute them elsewhere as ebooks. They can, however, sell them elsewhere as paperbacks. December’s monthly fund is $500,000. KDP Select just launched today with many top authors already enrolled including; J. Carson Black, Gemma Halliday, J.A. Konrath, B.V. Larson, C.J. Lyons, Scott Nicholson, Julie Ortolon, Theresa Ragan, J.R. Rain and Patricia Ryan.

The way it works sounds similar to how some waiters “pool their tips” in that the greater sales for the whole group creates greater money for each individual although there are ratios involved and not every author makes the same bonus. Amazon monitors the proceeds from the collective revenues of the group and then distributes the extra money made to all participating authors with a sharing percentage factored in.

From the press release; The monthly royalty payment for each KDP Select book is based on that book’s share of the total number of borrows of all participating KDP books in the Kindle Owners’ Lending Library. For example, if total borrows of all participating KDP Select books are 100,000 in December and an author’s book was borrowed 1,500 times, they will earn $7,500 in additional royalties from KDP Select in December. Amazon expects the fund to be at least $6 million for all of 2012, in addition to the $500,000 allocated for December 2011. Enrolled titles will remain available for sale to any customer in the Kindle Store and authors will continue to earn their regular royalties on those sales…. …With KDP Select, authors and publishers will also have access to a new set of promotional tools, starting with the option to promote their enrolled titles for free for up to five days every 90 days.

Have to admit, it sounds tempting. But what if an author already has multiple titles for sale at Barnes & Noble, Apple iTunes, Smashwords, Sony, Kobo and other retailers? Those authors will certainly be reluctant to pull their ebooks from those shelves. Additionally, many Indie authors will not appreciate this move by Amazon to attempt to get authors to list books with them and nowhere else. (Although I’ve always been a huge supporter of Amazon, it appears this idea could really backfire in public perception.) And how might Barnes & Noble and Apple respond? Probable there are some intense board room meetings happening right now to counter attack this effort from Amazon to further dominate the market. It wouldn’t surprise me if other retailers come up with a similar fund-sharing scheme or some new ideas altogether.

Feels like the battle for ebook supremacy just went into overdrive and makes me very interested to know how the others will respond.

More from Amazon on this announcement at their site;

  • Reach a new audience – Distribute books through the Kindle Owners’ Lending Library and reach the growing number of US Amazon Prime members.
  • Earn a whole new source of royalties – Earn your share of $500,000 in December and at least $6 million throughout 2012 when readers borrow your books from the Kindle Owners’ Lending Library.
  • Promote your book for free to readers worldwide – The newly launched Promotions Manager tool will allow you to directly control the promotion of free books.
  • Instant feedback – Check real-time performance of your books in the Kindle Owners’ Lending Library.

For Indie authors who want to enroll in KDP Select: You can enroll existing books by visiting the bookshelf. You’ll be able to enroll a single book or easily enroll multiple books at the same time.

In my opinion, this makes the most sense for authors introducing new titles. New books can be enrolled during the publishing process. Simply select the “Enroll this book in KDP Select” option and proceed to publish the book as you normally would.

Interested? Visit the website at http://kdp.amazon.com or get more info at http://kdp.amazon.com/self-publishing/KDPSelect.

Comments?


HomeAuthor Training VideosHow-To GuidesNovelsAbout


 

Subscribe to this blog for updates on indie authors and self-publishing.

add me to Google Plus circles

Advertisements

16 Responses to “KDP Select for Amazon Kindle Exclusive Authors”

  1. Jesse Kimmel-Freeman Says:

    This new addition to Amazon/Kindle has created quite a stir in the indie community. No one likes that it’s exclusive. What happens if your primary sales don’t come from Amazon. Not only that, but if they decide that they are going to dump the program, and it is still within your 90 days of being just with them, then you still have to leave it just on Amazon for those days- even if the select has disappeared as a passing cyber fling! For a new writer this could mean quite a few sales, both in terms of other marketing resources (you can’t even sale it on your own website) and in terms of reaching new readers because it is exclusive to kindles and not kindle apps. I don’t think this is going to last very long and I certainly hope that the other companies do not feel the need to jump on this band wagon.

    • Jason Matthews Says:

      Great comments, Jesse. I can totally see those views as well. Thanks for the input.

      • Angela Says:

        I think I’ll sit KDP out once my ebook is live. I don’t like the restrictions. I mean, why can’t I sell my own book on my own website? That alone makes the prospect of sharing in the KDP pot unappealing to me.

        • Jason Matthews Says:

          Well, you can still do KDP and sell on Amazon without participating in the KDP Select enrollment. That way you can sell on Amazon and all the other retailers simultaneously, which is what many authors do (including me). Thanks for the comment, Angela.

  2. Patience Prence Author Says:

    Thanks so much for posting this Jason. I received an email about this announcement from Amazon and wasn’t sure about the details. It appears if an author or publisher has their book on other platforms, they will have to pull them off. Hmmm. Like you said, I wonder how Barnes & Noble will respond. For now I think I will just sit on the fence and watch. Sales are good : D

    Patience Prence Author SCARS: An End-Times Novel
    http://www.amazon.com/SCARS-End-Times-Prophecy-Christian-ebook/dp/B003XKNF1K/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1323387272&sr=1-1

  3. RiFT Says:

    I’m thinking about collecting some of my short, serialized works into a single title, throwing in an editorial or commentary, and titling it specifically for KDP select. This way it is exclusive to the program, and yet it’s still making use of work I’ve e-publishing elsewhere. I don’t see why we couldn’t do this for our novels as well. Work up a new cover, add some editorial material or perhaps a short bit of fresh fiction set in the novel’s world, and call it a Special Edition.

    • Jason Matthews Says:

      This may be the smartest comment yet I’ve heard about this entire discussion. Way to make the best of a situation. Thanks so much, RiFT.

    • Jesse Kimmel-Freeman Says:

      OMG! That is brilliant! Would it work though? I only have one book out, but I have a short story that is a tie in meant to stir up readers. I’d willing attach it to the end of my book as a special addition if I didn’t have to take down the individual pieces! Do you guys think it would work?

      • Jason Matthews Says:

        Jesse, my guess it that it would work but it’s likely in violation of the terms of agreement in the fine print. Probably not worth the risk. If you could write a couple more shorts, come up with a small collection that ties into your novel, that should work just fine.

  4. Sarah R. Yoffa (@webbiegrrl) Says:

    Did you see the article by Mark Coker (founder of Smashwords)? It’s a fabulously-simple explanation of the program featured in the Huffington Post blog:

    http://www.huffingtonpost.com/mark-coker/amazon-ebooks-kdp-select_b_1139260.html

    The non-compete clause and automatic renewal is quite the little “catch”!

  5. George Hamilton Says:

    You can’t just package material in an ebook still published elsewhere in another way and have it included in KDP Select. There is a clause in the agreement which says any competing material is in violation of the agreement.

    The automatic renewal can be switched off quite easily from the KDP publishing dashboard at any time.

  6. garyhunAttila Lukacs Says:

    My book “Slow But Growing – The Hungarian Ebook market” is a KDP Select title now.

    http://www.amazon.com/SLOW-BUT-GROWING-HUNGARIAN-ebook/dp/B004HYHNSW/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1326204406&sr=1-1

    I hope more readers will find it on Amazon.

    Kind regards,

    Attila Lukacs


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: