I just got my December report and it looks like the borrow rate for December was only $1.88 after KDP claimed to essentially be offering double the fund.
That's just wrong!
That's just wrong!
Yeah, it doesn't help me much anymore. But, the other stores bring in so little for me that it makes sense just to stay in select for the free days. Normally, I don't get many borrows anyways (most of my books aren't in select).David Scroggins said:All the more reason for me to get the $%$^ out of select. It's just not worth it for me anymore.
There was a huge push in December of 2011 too, when the Select program first began. I think Amazon should've upped the amount higher. I would've even probably been fine with it if they raised the amount to 1.4 mil without calling it a bonus and making a big to do about it like they were giving us something extra.Amanda Brice said:Well, it's upsetting that the borrow rate actually went DOWN, but I didn't think it was going to go up, up, UP like so many were hoping. With the HUGE number of new Prime borrowers (all those Kindle Fires get a free trial month of Prime, not to mention all the people who took the free Prime trial as part of the Black Friday push so they could get free shipping for all their christmas presents), I kinda figured that much of the doubling of the fund would be eaten up by new users.
I figured it would basically stay the same or a slight increase, though.
I didn't do KDP Select when it first began (I didn't have a book I was willing do it with because my series is already available everywhere) so I wasn't really paying attention at that -- mostly because I'd just had a baby and was sleep-deprived. But I just looked it up, and apparently the borrow rate was only $1.70 in December 2011, and then in January -- despite them adding an extra $200,000 to the pot -- the rate went down to $1.60.PorterlanceBooks said:There was a huge push in December of 2011 too, when the Select program first began.