Today I broke a 12 minute mile! 37:49 for 3.2 miles, thank you very much.
It’s amazing what dropping the temperature 20 degrees will do for my performance.
Ahem. Back to our regularly scheduled post.
So I got notice in my email this morning that there’s a 70% royalty option for Amazon India. Of course it’s only for KDP Select members. Of which, I am not one.
My initial thought was, meh, because other than the UK, I don’t get a lot of foreign sales. But as Susan pointed out, why would they add this stipulation to this new channel if they don’t expect it to be an eventual source of good revenue (for them in particular). According to one estimate I read, there are 60% English speakers in India, one of the most populated countries in the world. No idea that their literacy rate is, but still, that’s a lotta people who could be potential readers. Still, not enough of an inducement to get me to join KDP Select.
It’s too important to me to be available across as many platforms as possible, in as many formats as possible so as not to exclude someone who chose to be different and get something other than a Kindle.
But for the hell of playing devil’s advocate, I broached the notion of what happens if Amazon decides to make their 70% royalty rate PERIOD contingent upon being a KDP Select author?
I mean, that wouldn’t change the importance of format availability in my eyes, but it is a fiscal truth that for MOST self published authors, Amazon makes up the lion’s share of revenues. For me right now, that’s approximately 60% of my sales (in terms of number of copies sold). If I were to take that amount of income and slash it by half, it would be…not a good thing economically. Because, at the end of the day, the point of all this is to actually make some money at this while reaching as many readers as possible.
Now, best case scenario, Amazon pulls this and SCORES of self published authors pull their work from all those other venues, which COULD lead to a potentially exponential increase in discoverability at said other venues for those of us who were left. If Barnes and Noble EVER actually got their crap together and fixed their search, this could be a good thing. It would mean a potential big increase in sales from them (and others) simply because of reduced competition. Maybe.
The other scenario is that I choose to use KDP Select for future self published releases, continue to eschew DRM, and have a nice big fat, easy to find detailed instruction page for how to buy the Kindle version and convert it to whatever format you actually WANT. The other potential alternative being a deal where they buy it from Kindle, email me their receipt to prove it, and I’ll email them back with whatever format they need. This does not TECHNICALLY violate their current ToS. But probably if this became a thing, they’d just change their ToS so that it was a violation, because, of course, they want people using their device alone.
It’s all a fairly moot point at the moment because that isn’t what Amazon has done. But the point is that they could. And we should have a plan if that day actually comes.
So what do you think? Are you into KDP Select now? Would you go that way if they made 70% exclusive to Select? Inquiring minds want to know.