KDP SELECT GLOBAL FUND
Amazon has raised the KDP Select Global Fund significantly since the launch of Kindle Unlimited.
The monthly KDP Select Global Fund had been around $500,000 in the days of Amazon Prime, which grew to around $1,000,000 when Prime expanded to Europe.
This figure doubled to $2,000,000 with the debut of Kindle Unlimited in July, 2014, which was just a partial month.
It has grown fast since, reaching $8,500,000 in January, 2015:
- July, 2014: $2,000,000
- August, 2014: $2,875,000
- September, 2014: $4,700,000
- October, 2014: $5,000,000
- November, 2014: $5,500,000
- December, 2014: $7,250,000
- January, 2015: $8,500,000
This suggests to me that the Kindle Unlimited subscriber base has grown tremendously.
Since Amazon is paying $8,500,000 in royalties through Kindle Unlimited for the month of January, 2015, this shows that this is a significant share of the digital market.
Not every book in KDP Select is benefiting from this, but very many are, which is why Amazon quotes a 95% (or higher) renewal rate in KDP Select each month. That is, most authors and publishers in KDP Select have been content enough with the program to continue their books’ enrollment.
KOLL PAYMENTS FOR KINDLE UNLIMITED
In the days when it was just Amazon Prime, the monthly KOLL payment had averaged around $2 per book.
The KOLL payment has dropped significantly compared to those days, but borrows are way up (overall).
If your sales have held steady and you’re seeing those increased borrows, this is a great combination. In this case, the drop in KOLL payments doesn’t matter. There are many authors in KDP Select who are enjoying this.
Some authors’ sales and/or borrows are declining. But if so, it may not have anything to do with Kindle Unlimited. With so many other books being released and so many other authors marketing their books, sales have a natural tendency to drop off at some point, unless you continue to deliver fresh content to the market and implement effective continued marketing of your own. Plus, after January, many books’ sales tend to decrease. It’s a seasonal trend. There are so many factors involved, it’s very hard to pinpoint a single culprit when sales turn south.
I look at two things in a recent announcement from KDP:
- The 95% renewal rate in KDP Select shows that the vast majority of KDP Select authors are content with the program.
- This quote: “Total earnings on titles priced $2.99 or greater are growing faster than the overall average. The same is true for titles 150+ pages in length.” It looks like many serious authors with long-term goals are thriving in KDP Select.
KOLL payments have started to level off around $1.40 per book. In January, 2015, KOLL paid $1.38 per book. Here is the trend:
- July, 2014: $1.81
- August, 2014: $1.54
- September, 2014: $1.52
- October, 2014: $1.33
- November, 2014: $1.39
- December, 2014: $1.43
- January, 2015: $1.38
Copyright © 2015
Chris McMullen, Author of A Detailed Guide to Self-Publishing with Amazon and Other Online Booksellers
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