KINDLE UNLIMITED FOR APRIL, 2015
In April, 2015, Kindle Unlimited paid $1.36 per Kindle Unlimited borrow read to 10% (and all Amazon Prime borrows). Looking at the graph above, Kindle Unlimited appears to have leveled off at about $1.40. (But there is a more fascinating number, which I’ll throw out in a few paragraphs.)
$1.40 doesn’t look like much compared to $2 in the days of Amazon Prime only (i.e. no Kindle Unlimited), and if you have a book priced $2.99 or higher, $1.40 is small compared to your royalty for purchases (in most cases).
That’s not the way I look at it. I was getting few borrows when it was Amazon Prime only, and my borrows have shot way up with Kindle Unlimited (without a corresponding sacrifice in sales). I’m earning much more with $1.40 per Kindle Unlimited borrow than I was when I was receiving $2 per Prime borrow.
But the more interesting number, in my opinion, is $9,800,000.
Amazon added a whopping $6,800,000 to their initial commitment of $3,000,000, bringing the KDP Select Global Fund up to nearly $10 million for April, 2015.
The graph above is a good sign for Kindle Unlimited readers and KDP Select authors, in my opinion.
It means that the audience for Kindle Unlimited books has grown substantially and continues to grow.
The KDP Select Global Fund is increasing significantly because there are more Kindle Unlimited subscribers and more books being borrowed and read to 10% through the program.
Amazon paid $9,800,000 in KOLL royalty shares for April, 2015. That money goes to authors who had books enrolled in KDP Select.
Many KDP Select books are benefiting from this increasing payout. Obviously, not all books are, but many are. The potential is there, and many authors are benefiting from it.
The cost is exclusivity. But here’s the question: With the KDP Select Global Fund steadily rising from $2,000,000 to $9,800,000 over the past 9 months, would your book earn more money from Kindle Unlimited than it would from other retailers. It’s always been a tough question that can vary from book to book and author to author (and can only be truly known by trying it both ways), but it seems that the pool for KDP Select books is growing (it’s increased fivefold in 9 months).
Another interesting trend involves the number of books in Kindle Unlimited (about 100,000 of those are from small traditional publishers and are not part of KDP Select):
- There are 963,814 books in Kindle Unlimited as of May 15, 2015.
- There were 864,164 books in Kindle Unlimited as of February 17, 2015. This number has risen 12% in 3 months.
- 43,407 new Kindle Unlimited books have been published in the last 30 days. (That’s about the same figure from February 17.)
- 87,910 new Kindle e-books have been published in the last 30 days. Nearly 50% are enrolling in KDP Select.
- There are about 3,000,000 Kindle e-books in all. About one-third are in Kindle Unlimited (whereas about one-half of new releases are opting in).
- 334,615 of the Kindle Unlimited books are considered short reads (which, by the way, go up to 100 pages). That’s 35%.
- 13,458 of the books published in Kindle Unlimited in the last 30 days are short reads. That’s 31%. The ratio of short works entering into Kindle Unlimited is actually decreasing, since 31% is less than 35% (contrary to popular myth—we now have proof that it’s not being flooded with short books, but that the percentage of short books in Kindle Unlimited is going down).
Copyright © 2015
Chris McMullen, Author of A Detailed Guide to Self-Publishing with Amazon and Other Online Booksellers
- Volume 1 on formatting and publishing
- Volume 2 on marketability and marketing
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