Trade Your Coins in for an Amazon Gift Card

LOOSE CHANGE = AMAZON GIFT CARD

I finally filled up a bucket of coins (without having to dip into the savings for some unexpected bill).

I didn’t feel like putting them in coin rolls. The pile was intimidating, and I’d rather put my time into writing.

It turns out you can turn your coins into an Amazon gift card.

With no fee!

For years, I had avoided using Coin Star because I had heard that it charges you a fee.

But it only charges you a fee if you want to trade your coins in for dollars.

I went into my local grocery store with my bucket of change and used Coin Star for the first time.

Then I noticed that I could get an Amazon (or other brand) gift card.

My daughter pointed out that there was no fee if I used the gift card option.

So we came home with an empty bucket and a receipt with a gift card code for Amazon printed on it.

The code worked. And it’s easy to find things you need at Amazon (and even easier to find things you want).

Hey! You can empty your couch and use the coins to buy a book.

Coins = reading.

Write Happy, Be Happy

Chris McMullen

Author of the Improve Your Math Fluency series of math workbooks and self-publishing guides

January, 2019: What Did Kindle Unlimited Pay Per KENP Page Read?

WHAT DID KINDLE UNLIMITED PAY PER PAGE FOR JANUARY, 2019?

In January 2019, Kindle Unlimited paid $0.00442 for each KENP page read through KDP Select.

This is down 9% compared to December, but it isn’t unusual.

It’s fairly common for Amazon to pay more for Kindle Unlimited pages read before and during the holidays, and then to take a dip when the new year starts.

The royalties for pages read varies from $0.004 to $0.005 (and rarely a little over $0.005) per page.

When it’s near (or above) $0.005 per page read, you have to realize that it’s better than usual and enjoy it while it lasts.

When it’s around $0.0045 per page, this is roughly normal. Actually, most of 2018 was significantly above $0.0045, which shows that the per-page rate has been better than usual for several months, but if you go back a few years and examine all the data, you’ll see a few periods where it dropped down close to $0.004 per page.

You can count on it to fluctuate a bit. You can’t expect it to be the same every month.

However, you can count on the KDP Select Global Fund. It hit a new record high of $24.7 million, a clear million above December’s payout of $23.7.

The global fund steadily rises (and the very few times it hasn’t, it was only a very slight drop).

When Amazon switched to paying per page read for Kindle Unlimited borrows (and to a much lesser extent, borrows through Amazon Prime), the KDP Select Global Fund was around $10 million. Over the past few years since the change, the global fund has steadily risen to nearly $25 million.

This shows that the Kindle Unlimited audience is significant and is growing, and that there is enough content worth reading to sustain the program (and the amount of content continues to increase, except for a few specific subcategories).

Amazon is paying nearly $25 million per month (a pace for $300 million per year) just for pages read through Kindle Unlimited and Amazon Prime for KDP Select. That’s a huge chunk of royalties for a huge audience. There are also a million authors and millions of books participating in the program, and the most popular books are drawing a larger share of these royalties. But the potential is there if you can successfully engage the Kindle Unlimited audience.

That’s what I like about the pages read system. Maybe it doesn’t seem like much per page, and if you don’t have many pages read it won’t add up to much. But if you see significant pages read data for your book, you know that you’re successfully engaging customers. You want people to read your book, not just buy it. When you see those pages read, you know that your book is being read. That’s why we write books, after all. So that people will read them.

And for the books that really engage Kindle Unlimited readers well, the authors and publishers can be well-rewarded for their reader engagement.

There are a few cases where this program might not seem quite equitable, and if you think hard enough about it you might find something you don’t like. It does provide a good value to avid readers, and it does revolve around the idea of reader engagement, which are a couple of pluses that I do like. (No matter what Amazon does, it’s not going to please everyone. But with the payout rising from $10 million to nearly $25 million since the change, it seems to be working well enough to draw in many more readers as well as authors.)

Write Happy, Be Happy

Chris McMullen

Author of the Improve Your Math Fluency series of math workbooks and self-publishing guides

KDP University: Amazon Education for Authors

KDP UNIVERSITY

Amazon is offering a session on “What KDP authors & publishers should know about taxes” on Thursday, February 7, 2019, from 3 p.m. to 4 p.m. Pacific time.

Visit the KDP University to register for this or other events. Click the Learn More link under Webinars. Select an event. Click Register. Fill out the form and press Submit.

Check out the upcoming events, such as “Developing a Promotional Strategy” on February 28 or “How to create, review, & optimize your Amazon Advertising campaign” on March 7.

At KDP University, you can find a variety of resources for authors who are self-publishing, including videos and formatting guides.

Write Happy, Be Happy

Chris McMullen

Author of the Improve Your Math Fluency series of math workbooks and self-publishing guides