27
Apr 12

Amazon Book: Free Money To Authors

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From Amazon Book:

 Free Money To Authors

Amazon Book: Free Money To Authors

Amazon Book Free Money


Amazon Book Free Money to Authors is what I have come to call the new KDP Select option by Amazon.

KDP Select is the new option created for KDP authors and publishers worldwide. In December 2011, the sum of $500,000 was set aside for KDP authors whose titles participated in the KDP Select option for the month. A minimum sum of $6 million has been dedicated for the whole of 2012.

What Is KDP Select?

KDP Select offers you a brand new way to:

  • earn royalty
  • reach a broader audience
  • use a new set of promotional tools

How Does KDP Select Work?

In order to participate in KDP Select, you will have to make any of your titles exclusive to Kindle Store for at least 90 days. If you have US rights your title will automatically be included in the Kindle Owners’ Lending Library. Having done this and when any of your titles is borrowed during the period you will be entitled to earn a share of the monthly fund for the period your title was borrowed.

What Is Kindle Owners’ Lending Library?

The Kindle Owners’ Lending Library is a group of books that eligible US Amazon Prime Members can borrow for free once a month with no due date. Yes you can borrow books on Amazon for free.

Enrolling your books in the Kindle Owners’ Lending Library offers you the right to use a new set of promotional tools. The first of such tools is the option to promote your KDP Select enrolled titles for FREE for up to 5 days every 90 days.

How Is The Share Of The Monthly Fund Calculated?

Your share of the monthly fund is calculated based on the ratio of the number of times your enrolled titles’ were borrowed to the total number of borrows across all participating Kindle Publishing Platform titles in the Kindle Owners’ Lending Library. As an example, if the total number of borrows of all participating titles were 200,000 in December and your books were borrowed 2,000 times, you will earn $5,000 in additional royalties from KDP Select in December. Your enrolled titles will still be available for sale to any customer in the Amazon Kindle Store and you will keep earning your normal royalties on those sales.

 What Does This Translate To?

KDP Select offers you, right to a completely new source of royalties and readers. You will have the opportunity to reach more readers as a result of getting your books in front of an increasing number of Amazon Prime customers. Your worldwide readers’ base will be expanded as a result of your ability to offer your book for free for five days during the 90 days exclusivity period.

 

 

How Do I Enrol My Book?

KDP Select Option is available for titles participating in both the 35% and 70% royalty. You may start by enrolling one title, as many titles as you wish, or the whole titles in your bookshelf. However, you will need to learn the basics of Amazon Kindle Publishing and KDP Select Program If You Are Not A Published Author on Amazon Kindle Publishing Platform. In addition you will need to know how to get your book on top of Google in 48 hours flat. To own your copy of on top of Google in 48 hours flat click here now.

High Growth Rate for KDP Select Titles

In December 2011, results show that the paid sales of titles participating in KDP Select grew faster than other KDP titles. In addition, KDP Select Authors and Publishers on average received an increase of 26% as a result of participating in Kindle Owners’ Lending Library.

What Top KDP Select Authors Earned

Ten top KDP Select Authors in December 2011, earned over $70,000 from their participation in Kindle Owners’ Lending Library. This represent 30% increase over the royalties they earned from the paid sales on the same titles in the same period. When the paid sales and their share of the Kindle Select fund were combined, the royalties of these authors grew by an amazing 449%.

Success Stories for December KDP Select Program

Carolyn McCray who is a writer of paranormal romance novels, historical thrillers and mysteries earned $8,250 from the KDP Select fund in December 2011. “KDP Select is truly a career altering program,” said McCray. “I couldn’t be happier with the tools, support and exposure it has given me. To say the trade-off of exclusivity on Amazon for the Kindle Owners’ Lending Library has been a profitable one will be a gross understatement. Participating in KDP Select has quadrupled my royalties.”

Amber Scott who is a romance writer earned $7,650 from the KDP Select fund in December 2011. “Enrolling in KDP Select utterly transformed my career,” said Scott. “I’ve experienced not only a surge in royalties but a surge in readership thanks to the increased exposure. I love the chance to earn new readers through the innovation of the Kindle Owners’ Lending Library. What an exciting time to be an author!”

The Grabarchuk family who are publisher of puzzle books earned $6,300 from the KDP Select fund in December 2011 from their puzzle books. “After only a month, KDP Select has dramatically changed things - finally indie publishers are playing equals to big publishing houses in world biggest eBook Marketplace,” said Serhiy Grabarchuk, Co-Founder of the Grabarchuk Puzzles Company.

This is amazing; Rachel Yu is a 16 year-old author of children books, who earned $6,200 from the KDP Select fund in December 2011. “It’s so cool to be part of the success of KDP Select,” said Yu. “It’s just like a library but with easier access. There is truly no other opportunity like Amazon for self-publishing.”

What Is My Experience with Amazon KDP Select

I’m the author of the following books on Amazon: Fuel Subsidy Removal: The Great Betrayal Of 2012 And Subsequent God’s Revelation To All Nigerians, Filter For Fish Tank In A Supper Intensive System: All You Need To Know, How To Set Up A Small Scale Fish Farm And Go From Fishery To Wealth, The Greatest Wealth Transfer Why You Must Be Part Of It Now, On Top Of Google In 48hours Flat, Be A Writer Without Writing A Word.

When I first published these books on Amazon Kindle Publishing Platform, I did not enrol any of the books on Kindle Select Program. The sales were coming in trickles. However, when I enrolled them and used the free promotion tools, the visibility of my books increased exponentially. This of course resulted in more sales.

Are you aspiring to self publish your books on Amazon Kindle Platform? Then, you will need to own your copy of On Top Of Google In 48hours Flat. You will need to get your copy of the step by step guide of how to self publish your books and at the same time get your titles to the top of Google in 48 hours flat.

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