***URGENT ATTENTION NEEDED*** Amazon changing the money rates for authors pay on Kindle Unlimited
Help Authors Spread the Word – PLEASE SHARE!
Many of you know that I’ve been a HUGE proponent of the Kindle Unlimited program. It’s allowed me to gain a broader readership and new fans who would have never discovered me without being able to borrow my books and take a chance on them through KU.
That said, you may not be aware that Amazon made massive, sweeping changes to the KU program starting today. Beginning today, they will only be paying based on pages read, rather than books borrowed.
This change has left authors in the dark regarding royalties since Amazon isn’t telling us how many readers are borrowing our books or how much we’ll earn for each page read.
How can authors make good business decisions without knowing how much money they are earning? The short answer is, we can’t. And that makes many of us question whether we should remain part of the Kindle Unlimited program at all.
That’s why I’ve joined #releasetherate, an author-led initiative with a simple goal: getting Amazon to release more information to authors. We’re not asking for much. We’re asking for two small pieces of data that Amazon can easily produce that will help self-published authors make informed business decisions.
1.) Number of units borrowed per book — Amazon has this data; they have been providing it to us since the Select program began. Why withhold that number now? The only reason is to confuse authors. Give us the total number of customers who have clicked the “Read for Free” button on our book’s sales page. Or, at the very least, give us the total number of customers who have read a minimum of one page of our book.
2.) #releasetherate – Authors are aware that Amazon has a ballpark rate-per-page-read that they are expecting to pay for Select and KU pages read in July 2015. We hope it’s not the .0057 cents per page based on the June 2015 Select Fund and pages read, a rate that would decimate the income of many authors and make it impossible for us to remain part of the Kindle Unlimited program.
If you’re an author or reader who feels that Amazon should #releasetherate, please help us spread the word by sharing this post.
And if you’re as angry and frustrated about the lack of information being provided to authors, as I am, please let Amazon know by sending an email to email@example.com and letting him know that withholding basic business information from authors is making many of your favorite authors wonder if Kindle Unlimited is really the right program for them after all.