KDP Select - Nothing Good for Indie Authors - M. Darusha Wehm
Recently, Amazon.com announced its KDP Select program. This allows authors who publish ebooks directly in Amazon’s Kindle Store to enrol their books in Amazon’s Kindle Owners’ Lending Library. According to Amazon “[t]he Kindle Owners’ Lending Library is a collection of books that Amazon Prime members who own a kindle can borrow once a month, with no due dates.” Books that are borrowed would earn a share of a fixed pool of funds. In December 2011, the fund is $500,000. Amazon explains it thusly: Your share of the Kindle Owners’ Lending Library Fund is calculated based on a share of the total number of qualified borrows of all participating KDP titles. For example, if the monthly fund amount is $500,000 and the total qualified borrows of all participating KDP titles is 100,000 in December and if your book was borrowed 1,500 times, you will earn 1.5% (1,500/100,000 = 1.