I'm more interested in hearing from people who are actually making more.
That's terrible, I feel for you. I'm probably making 20 percent now of what I was making before, which is why I'm taking extreme measures.drno said:Today I made 1 buck in borrows. Used to be 20 per day.
Don't understand. June is the same as it's always been, it is July that is different. Assuming the payout is half a cent per page read, which nobody knows for sure, I have so far made $1 more than I would have under the old system. However, nobody knows what the payout is going to be and I am quite convinced that if it falls to silly money, loads of people will leave select and Amazon will lose out. They didn't get to be so big by losing out.Amy Corwin said:Initially, I thought the changes would be ok or even help me because I tend to write novels with lengths of between 60 to 100K words. And right now, I only have a boxed set of three novels enrolled. My borrows tended to run less than 20 a month, but I thought that because the page length of the boxed set was long, I'd end up doing better on that then I did on the borrows.
Gosh, I was naive. Right now, I'm estimating that I'll be getting about $3.00 for June. Before the new system was implemented, I had expected to get around $18.00.
I really feel sorry for authors who have a lot more books in KU and have shorter works. Even if their readers get to the last page, they may be receiving only a fraction of what they usually earn. And that has got to be hard.
Honestly, I had been thinking of moving all my books back into Kindle Select/KU, but now I have to weigh the pittance from KU against the pittance from other retailers. I *think* that the pittance I'm getting from the other retailers is more than the pittance I'll be getting from Select/KU--I will be able to tell for sure when all the numbers come in for June.
On the bright side, for those writers who tend to be long-winded and write huge 150k (or even staggering 200k) tomes--and if their readers get to the end all the time--they may do...marginally well. I'm sorry, but even for those writers, I'm thinking the payoff is going to be pretty slim.
The more I think about this, the more I wonder if this isn't just Amazon's way of saving a little money on payouts because I can't see it really being a huge boon to anyone on the author side. Maybe they have more people downloading more loaned books than they can really afford to support with more generous fee structures. Which is good for readers--they are getting good value for their money--but it isn't so great for us authors.
Trad publishing is once again looking better and better.
For me select isn't completely useless. I just look at it as a tool for visibility rather than a money maker in KU. I have several in select because I do free promos. I have a huge free promo scheduled tomorrow and that usually sends readers to my other books not in Select. What I would like best is for Amazon to give the select user a choice about being in KU but that's not going to happen. So I look at the KU books as loss leaders now and concentrate on sales.Doglover said:Don't understand. June is the same as it's always been, it is July that is different. Assuming the payout is half a cent per page read, which nobody knows for sure, I have so far made $1 more than I would have under the old system. However, nobody knows what the payout is going to be and I am quite convinced that if it falls to silly money, loads of people will leave select and Amazon will lose out. They didn't get to be so big by losing out.
For the people who scoff at Select and wonder how any author can get involved with it, because they are so much smarter, take a look at one young lady writer of contemporary romances who achieves over 300 borrows per day, all full length novels. I expect she is soooo sorry she ever got involved in something so crass and is crying all the way to the bank.
I have no idea and I don't think anyone else has either. It is far too early to tell and I think all the 'glass half empty' people should wait and see.Khaleesi said:So you aren't really making any more money either?