Amazon hikes Kindle royalty payment for self-publishers

[JackLuis]

I thought this might make a few days.


"Amazon offered a higher royalty payment on Wednesday to authors and publishers who use a self-publishing platform on its Kindle electronic book reader.

The online retail giant said the new royalty option will allow authors to keep 70 percent of the list price of a digital book minus delivery costs, which work out to around six cents per unit."

"But the company said that with the new 70-percent option an author, for example, would make 6.25 dollars on an 8.99-dollar book compared with 3.15 dollars with the standard option."

 

[Lisa Summers]

Do many authors here self publish?

 

[JackLuis]

Do many authors here self publish?

I guess since this thread has been up for some time and you are the first to add to it, that few are willing to do their promotions.

 

[sethdaniels]

I would be all over this. I self publish mainly short stories at the moment but I would love to be able to double my royalty. It seems to me they are offering me the chance to double what I make without any actual downside. Currently I sell my short stories around 99 cents but I would lengthen them or maybe do some more anthologies to sell at the higher price point. Even if my sales dropped I would likely make up for it with the royalties increase.

At any rate it would definitely be worth a try. As far as self promotion it seem that when someone buys one of my stories they tend to buy others in the series or other story lines altogether.