Amazon.com, Inc introduces a new option for all KDP publishers and authors throughout the world called the “KDP select” featuring $500,000 in December and a total annual fund of $6 million for 2012.
How does KDP select work?
When any KDP author or publisher choose to make their books exclusive to Kindle for a minimum of 90 days, their books with US copyrights will be automatically eligible to be included in the Kindle Owners’ Lending Library and can earn a share of $6 million. Currently, the monthly share is $500,000 for December 2011 totaling up to at least $6 million by 2012. The authors or publishers can enroll any or all of their books and 31 out of the top 50 KDP authors have already enrolled about 129 titles. Few of the popular names involved in this are 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. These members will can further access new promotional tools like the option of promoting their KDP Select enrolled titles for free for up to 5 out of every 90 days.
How is the monthly share calculated?
Monthly fund share for each KDP select enrolled author or publisher is based on their enrolled book’s share of total number of borrows across all participating KDP books in the Kindle Owners’ Lending Library. As an example, if one author’s book is borrowed from the library 1500 times and if the entire borrows of all participating KDP titles are 100,000 in December, that author will earn $7,500 besides royalties from KDP select. Enrolled books will anyway remain available in the Kindle store for sale to anyone and the author will keep earning his regular royalties through these sales.
What does this mean to the author or the publisher?
Individual authors and publishers will get access to a whole new source of royalties and more readers. Apart from a new way of earning more, they also get a chance to reach out to a wider audience by getting their books forward to a growing number of US Amazon Prime customers, readers and many more people who might not have got hold of it earlier. Besides this, due to the option to volunteer their book for free, it will help them increase their global reader base.
How do authors and publishers enroll in KDP Select?
KDP Select is available for titles participating in both the 70% and 35% royalty options. They can start by enrolling a single book, the entire catalog, or anything in between.
To enroll a book that is already uploaded, the author has to click on “Enroll” tab next to the book in the bookshelf. To enroll more than one book that is already uploaded, the author has to check the boxes next to any number of titles, then click the “Action” tab and chose the option “Enroll these books in KDP select”. All these books will be immediately enrolled in KDP select.
If the author wishes to enroll a new book which is not already uploaded, they have to just check the “Enroll this book in KDP Select” box while submitting the details about their book and proceed to publish their books as usual. In case of new books, the books have to be available for sale on the website for them to be included in KDP select.
To get further information about this -
http://kdp.amazon.com/self-publishing/KDPSelectTo learn more about the Kindle Owners’ Lending Library, visit: