A quick blog post on a familiar topic: Kindle Unlimited. Mainly to draw attention to two posts, Author Earnings Report for October 2014, and Hugh Howey’s blog post about it.
The previous time I wrote about the topic, Howey held that he might move his books exclusively to Amazon and Kindle Unlimited. After the latest report, he’s having second thoughts. He notes that especially those indie authors with middling sales aren’t doing very well on KU, mainly because compensation per borrow is less than what they would make per sale. Moreover, he finds troublesome a system that rewards those who do well while leaving others worse off. Therefore, he might stay off KU for ethical reasons.
Howey isn’t against KU. He encourages authors to experiment. If your books aren’t on other platforms yet, sign up for 90 days and see what happens. You can always leave if it doesn’t work for you. However, he questions the need for exclusivity. Perhaps it’s time that Amazon drop it. As he says, Amazon is by far the biggest site for finding ebooks. Giving up the demand for exclusivity won’t change that.
Personally, I’m keeping the books I have on KU there for now. They don’t move terribly well, but borrows still outnumber the sales. And as Amazon announced larger fund for this month, maybe the compensation per borrow will rise to make it financially worthwhile to have my books there. I’ll keep you posted.