Ok, some of you already know, but I had my serials in it for 60 days and lost approx 75% of my income. Thats counting borrows and bonuses.
My sales dropped like a stone. The number of borrows was higher than sales. They didn't compliment each other, as expected.
Taking a huge ass pay cut while I'm still working my butt off, well that's not ok. And KU effected my whole list, not just KU titles.
At the time of enrollment I had about 60 titles total.
I planned on giving it 90 days, but I have a kid in the hospital for long term care and I noticed my spending was going to exceed my income-by a lot. I couldn't wait and watch thing plummet further. I pulled my books. That was on Nov 1, & since then my net revenue has gone up. I'm now at 50% of where I was pre-KU. During the time I was in KU, I had 2 new releases. Neither preformed vastly different than before. They actually earned far less (including borrows).
This model needs to be changed for it to work. Authors shouldn't be paid lottery style. For this system to work we need a flat rate for borrows, borrowed or not borrowed (not this 10% crap), and it needs to be win win for the reader AND the writer. <-- That is the crux of the matter.
Id like to see Amazon create something new, something better instead of falling in step with Scribd and Oyster.
Example: subscribe to an AUTHOR. Easy, clear. When Author X has a new book it automatically gets sent to your kindle, & the card provided is charged.
As a reader, I'd want that. As a writer, I'd want that.
Amazon, stop following other companies and break the mold.
Ok, I'm done ranting. Back to writing.