Kindle Unlimited: How Much Did Amazon Pay Per Page Read in August, 2019?

THE KINDLE UNLIMITED PAGE-READ RATE FOR AUGUST, 2019

In August, 2019, Amazon paid $0.00439 per Kindle Unlimited normalized page read (KENP), virtually identical to what they paid in July (you have to go to another decimal place to see a difference).

The KDP Select Global Fund rose slightly from $25.6 million to $25.8 million.

(Keeping it concise, not blogging too much right now. Working on some cool projects, like Fun with Roman Numerals, about to go live, and Test Your General Science Knowledge, coming soon. Time to get back to writing.)

Write Happy, Be Happy

Chris McMullen

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

Kindle Unlimited: What was the KENP rate for July, 2019?

KINDLE UNLIMITED PAGES READ FOR JULY, 2019

The KENP rate for pages read in Kindle Unlimited in July, 2019 was $0.00439.

It’s a small drop (roughly 5%) compared to June’s rate of $0.00464.

However, Amazon actually paid out more royalties overall in July than in June.

That’s because the KDP Select Global Fund rose from $24.9 million to a record $25.6 million.

Perhaps Amazon Prime Day had a small impact. If, for example, Amazon sold many Kindle ereaders, there may be new customers using their free month of Kindle Unlimited.

Whatever the reason, the per-page rate does tend to vary a bit, although it has been relatively stable for much of 2019.

Write Happy, Be Happy

Chris McMullen

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

How much did Amazon pay for Kindle Unlimited pages read in June, 2019?

KINDLE UNLIMITED PAGES READ FOR JUNE, 2019

The rate was $0.00464 per page for pages read through Kindle Unlimited in June, 2019.

The per-page rate has been very stable from March thru June. For example, it was $0.00466 in May.

The KDP Select Global Fund rose to $24.9 million for June. It continues to climb. The Global Fund was $24.6 million in May.

Happy Amazon Prime Days (July 15 thru July 16, 2019)!

Write Happy, Be Happy

Chris McMullen

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

Kindle Unlimited Pages Read Rate for May, 2019

MAY, 2019 KINDLE UNLIMITED PER PAGE RATE

For May, 2019, the KENP per-page rate for pages read through Kindle Unlimited was $0.00466.

This is nearly identical to what it was in April, and is a small improvement over March.

In May, the KDP Select Global fund climbed up to $24.6 million.

The Global fund was $24.1 in April and $24.0 million in March.

Write Happy, Be Happy

Chris McMullen

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

April 2019’s KENP per-page-read rate for Kindle Unlimited

KINDLE UNLIMITED: APRIL 2019’S PER-PAGE RATE

$0.004665 was the per-page rate for pages read through Kindle Unlimited in April of 2019.

This is an improvement over March’s rate of $0.00451.

$24.1 million was the KDP Select Global fund for April of 2019.

This was nearly identical to March’s figure of $24 million.

Write Happy, Be Happy

Chris McMullen

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

KDP Select and Kindle Unlimited in 2019

Image from ShutterStock.

THE KDP SELECT DECISION

Years ago, Amazon introduced KDP Select to authors who publish with Kindle Direct Publishing.

The idea was to create a huge library of Kindle eBooks from which select customers could borrow books for free. Authors are paid a royalty, but not the same royalty as for an ordinary paid sale.

Although the nature of KDP Select has changed over the years, the program has grown tremendously.

Let’s reevaluate the KDP Select decision. Is enrolling your book in KDP Select worth it?

There really is only a single drawback to enrolling a book in KDP Select, but it’s a big one: You’re not allowed to publish the digital version of your book anywhere else (like Smashwords, Nook, or Kobo) while your book is enrolled in KDP Select.

It’s also an important decision because it comes with a commitment. If you change your mind, you must wait until your 90-day enrollment period ends before you opt out. It renews automatically, so you must manually opt out of the automatic renewal. (And you must still wait until the current period ends before publishing the digital version of your book elsewhere.)

So here is the real question:

WHY WOULD AUTHORS GIVE UP THE CHANCE TO PUBLISH THEIR EBOOKS WITH NOOK, KOBO, APPLE, ETC.?

Obviously, you would need to receive some other incentive(s) that are even better than the royalties that you would earn from customers using those other brands of eReaders.

That’s what you need to do. You need to look at the incentives that Amazon KDP offers and consider whether they are good enough for your specific book to make it worthwhile to publish your eBook exclusively with Amazon.

Let’s look at what KDP Select has to offer in 2019.

KDP SELECT INCENTIVES

The main incentive is that by enrolling your eBook in KDP Select, your book would be available to Kindle Unlimited subscribers. (It would also be available to Amazon Prime customers, but Prime customers can only borrow one book per month, whereas Kindle Unlimited subscribers can borrow as many books per month as they please.)

Does this really help?

That depends on your book, but the potential is certainly there.

But first, let me briefly describe Kindle Unlimited. I’m actually a Kindle Unlimited customer myself. Customers pay about $10 per month (in the US) to subscribe to Kindle Unlimited, and this allows them to borrow as many Kindle Unlimited books per month as they would like. They can borrow up to 10 different books at a time, but they can read more than that: They simply need to return one of those 10 books before borrowing another one.

How does Kindle Unlimited have the potential to help authors?

  • Each month, Amazon pays authors of KDP Select books over $20,000,000 in royalties for books read through Kindle Unlimited. That’s in addition to what Amazon pays for royalties for ordinary sales. That figure is staggering. In the beginning, it started at just a few million and has steadily grown to over twenty million. A book that is successful in Kindle Unlimited can draw significant royalties. This are no guarantees, and not all books thrive in the program, but the potential is there, and there are thousands of books that do thrive in the program.
  • That’s a huge customer base. A single customer pays Amazon about $10 per month to subscribe to Kindle Unlimited, and Amazon turns around and pays KDP Select authors over $20,000,000 per month.
  • Although there are a few traditionally published books participating in Kindle Unlimited (those books certainly help to attract customers into the program), many of the books that are doing very well in Kindle Unlimited and the bulk of the books participating in Kindle Unlimited are self-published. This is a fairly indie-friendly audience. If you have a self-published book and are looking for readers who may support indie publishing, Kindle Unlimited has that audience. But again, there are millions of books available to that audience, so there are no guarantees. But there is much potential. (To be fair, Kindle Unlimited isn’t the only significantly indie-friendly audience. Smashwords is another, especially in certain fiction genres.)

There may also be factors that go beyond financial considerations. There are features of Kindle Unlimited that I’m very happy to support:

  • Kindle Unlimited helps to make it affordable to read books. If you read a handful of books per month on average, it’s far cheaper to pay about $10 per month for Kindle Unlimited than it is to buy books individually (unless you only read 99-cent books). Very often, the books that I read are priced $5.99 or above, so all I need to do is average two books per month and I’ve already saved money with my subscription. I strongly feel that more people should read and that they should read more often, and that it should be an affordable habit. Kindle Unlimited encourages this.
  • Kindle Unlimited currently encourages KDP Select authors to engage readers. Kindle Unlimited currently pays authors royalties for Kindle Unlimited borrows based on how many pages customers read. If you write content that engages customers, you will have more pages read. Not everyone is a fan of this, and if you think about every type of book available on the market you might find some cases where it seems unfair, but the concept appeals to me. I like that Amazon is rewarding reader engagement. As a writer, I want to engage my readers. Amazon and I share this common goal.
  • Kindle Unlimited is also a huge library. With fiction, it’s an entertainment base. With nonfiction, it’s a knowledge base. It’s low-cost education. I’m an author of nonfiction books, and I’m glad to have my knowledge available in Amazon’s enormous library.

The potential can be alluring. That’s what attracts authors into the program.

But that’s just the potential. Not all books succeed in the program. Enrolling in KDP Select isn’t the best option for 100% of books.

What you want to know is how well KDP Select will work for your specific book.

However, there are still a couple of other benefits that KDP Select has to offer. Let’s discuss those, and then we’ll get to the issue of weighing the pros versus the cons.

WHAT ELSE DOES KDP SELECT HAVE TO OFFER?

The main thing was Kindle Unlimited. It’s so much the main thing that if Kindle Unlimited doesn’t work out for you, then KDP Select probably isn’t right for you.

But there are other incentives, and if you do enroll, you may wish to take advantage of them.

Well, the one thing that you can manually take advantage of in KDP Select is one promotional tool. Every 90-day period, you can use one of the following promotional tools:

  • Kindle Countdown Deal
  • KDP Select free promo

A Kindle Countdown Deal lets you discount your book (if the list price is at least $2.99 in the US) in such a way that customers can clearly see that the book is “on sale.” (If you simply change the list price on your own, customers who discover your book on Amazon wouldn’t know that the price had been “reduced.”)

This sounds good in principle, and you can get a few sales using this tool, but most authors fail to use the Kindle Countdown Deal as effectively as it can be used. Amazon actually has a landing page for Kindle Countdown Deals right here:

Kindle Countdown Deals

However, that page isn’t easy for customers to find (and the name Countdown Deal isn’t nearly as attractive as it could have been). Plus, there is no guarantee that your book would even be visible on that page.

What you really need is to either have good book marketing skills, a strong active following (of an email newsletter, for example), or to get accepted by BookBub (the most popular option, but also the most expensive), E-reader News Today, or many of the smaller services that help authors promote sale prices.

Instead of running a Kindle Countdown Deal, you could run a KDP Select free promo. The free promo makes your book free during the promotion, and unlike the Countdown Deal, you earn zero royalty during the promotion. (Well, you can technically earn zero royalty during a Countdown Deal. You need to first do the math and see what royalty, if any, you would earn during the Countdown Deal. The larger your file size, there more this may be an issue.) You also get a free sales rank instead of the usual paid sales rank during the free promo, and your paid sales rank has usually slipped considerably once the free promo ends. Unless the free promo works and creates enough interest in your book to result in several sales after the free promo.

But like the Countdown Deal, you probably get much out of the tool unless you find an effective way to promote it. Simply making your book free and doing nothing else won’t likely help much (although this had been effective years ago when it first came out).

There may be something better than these tools that doesn’t require you to do anything at all.

What is that? A boost in sales rank.

How can KDP Select help with your Amazon.com sales rank?

Every Kindle Unlimited (and Amazon Prime) borrow of your book helps your book’s sales rank at Amazon.

Even if the customer hardly reads any pages. A single borrow has the same effect as a single ordinary paid sale.

There is another way to look at it: If you don’t enroll in KDP Select, you won’t have Kindle Unlimited borrows helping your sales rank.

Sales rank helps in various ways with visibility on Amazon.

It’s not as compelling as Kindle Unlimited itself, but it is something to consider.

Every book in Kindle Unlimited that has a sales rank: That sales rank is benefiting from Kindle Unlimited borrows. Whatever the sales rank is, it would be worse without Kindle Unlimited (unless of course the book never gets borrowed at all).

(There used to be another incentive to enroll in KDP Select, but now it’s open to every book, whether it’s enrolled in KDP Select or not. Every book can be advertised with AMS via KDP, whether or not the book is in KDP Select.)

SHOULD YOU ENROLL YOUR BOOK IN KDP SELECT?

Unfortunately, this depends on things that we can’t know for sure.

First of all, how many customers would read your book through Kindle Unlimited?

Even if you knew that, you would then need to figure out how much you would earn in royalties for Kindle Unlimited borrows.

Amazon currently pays on average a little under $0.005 per “normalized” page read through Kindle Unlimited. For most books, a “normalized” page turns out to be a little generous, meaning that it probably turns out to be more favorable than what you would call a “page.” But you have to first enroll in KDP Select before you can find out what your KENPC is (that’s the official page count for your book).

$0.005 doesn’t sound like much. You would need 200 “pages” read just to earn $1.

So what really matters is how many pages will be read. There are books with tens of thousands (or hundreds of thousands, or even millions) of pages being read per day. If you write highly engaging content and if your book thrives in Kindle Unlimited, the royalties for pages read can really add up.

Far more important than your book’s page count are reader engagement and the customer appeal of your book (and its cover and product page).

Even if you knew how much your book would earn in royalties from Kindle Unlimited borrows, you would also need to know how much your book would have earned from sales on Nook, Kobo, Apple, etc.

Kindle is the dominant eBook market. If you’re among the few authors with a really good idea and solid marketing plan for how to drive sales to other platforms, that would be a strong incentive to not enroll in KDP Select.

If you have a good idea for how to appeal to Kindle Unlimited, that would be a strong incentive to enroll in KDP Select.

Otherwise, would you rather take your chances with Kindle Unlimited, or take your chances with other retailers?

The only way you can really know for sure is to try it both ways and compare.

Actually, you can try it both ways.

But not at the same time from the beginning.

You could enroll in KDP Select for 90 days. If it’s not going as well as you like, you could opt out before the 90-day term ends. (Be sure to do this successfully.) Once you successfully opt out and once the first 90-day term is up, then you could publish with other retailers.

(Some authors enroll in KDP Select for an entirely different reason: They don’t want to learn how to reformat their eBooks for other retailers.)

Whatever you choose to do, I hope it works out well for you. Good luck.

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

December, 2018 Kindle Unlimited Royalty for Pages Read

WHAT DID KINDLE UNLIMITED PAY PER PAGE FOR DECEMBER, 2018?

2018 closed out at $0.00487 per page with December’s Kindle Unlimited per page rate (KENP read).

This returns it to the values it had for September ($0.00488) and October ($0.00484).

Although it is a drop from November ($0.0052), the Kindle Unlimited per-page rate seldom clears half a penny per page. Based on its behavior for the past few years, the November amount is more of a sweet bonus than an expectation.

The per-page rate is still in the $0.0048’s, and has been at least at that level for 4 consecutive months, which is a relative high.

The KDP Select Global Fund for December, 2018 was $23.7 million. (It was $23.6 million for November and $23.5 million for October.)

Write Happy, Be Happy

Chris McMullen

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

Kindle Unlimited per Page Rate * Increase * for September, 2018

HOW MUCH DID KINDLE UNLIMITED PAY FOR PAGES READ IN SEPTEMBER, 2018?

In September, 2018 Amazon paid $0.00488 per KENP page read for books participating in Kindle Unlimited through KDP Select.

That’s nearly a 10% increase over August, 2018, which paid $0.00449 per page.

This is a nice surprise, as the per-page rate has been very steady for much of 2018.

The KDP Select Global Fund hit yet another record high, this time $23.4 million for September, 2018.

Compare with August ($23.3M), July ($23.1M), June ($22.6M), and May ($22.5M).

Write Happy, Be Happy

Chris McMullen

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

Kindle Unlimited per-page rate for January, 2018

Background image from ShutterStock.

KINDLE UNLIMITED PER-PAGE RATE FOR JANUARY, 2018

In January, 2018 the Kindle Unlimited per-page rate was $0.00448.

It has dropped down a bit, after a steady climb for several months, which culminated in a brief appearance above half a penny per page ($0.00506) in December, 2017.

It isn’t unusual for the per-page rate to drop from December to January:

  • December, 2016 paid $0.00524, dropping to $0.00457 for January, 2017.
  • December, 2015 paid $0.00461, dropping to $0.00411 for January, 2016.
  • Prior to that, KDP Select didn’t use the per-page model, yet it was still common for January’s royalties to drop compared to December.

So you shouldn’t PANIC. This is normal.

Why does January typically pay less than December? Amazon sells a ton of Kindle devices for the holidays, and many customers try their free month of Kindle Unlimited. More customers are probably reading a high volume of pages at this time, too. Whatever the reason, the per-page rate is still looking good compared to six months ago, when it had dwindled down close to $0.004 per page. Amazon introduced KENPC 3.0 and the per-page rate recovered nicely. It’s still up 12% over that low point.

On a related note, the KDP Select Global Fund hit a record high, $20.9 million, the first time it has ever climbed over $20 million, and up a clear million from December.

So even though the per-page rate is down, Amazon still paid a million more dollars in royalties for Kindle Unlimited (and Amazon Prime) borrows of KDP Select books (and that’s on top of what they paid for sales, and also on top of the All-Star bonuses which are awarded separately).

Two years ago, January, 2016, the per-page rate had dropped down to what was at the time a record low (and it has since only returned to that point once). In comparison, January, 2018 is looking pretty good. While it has taken a typical drop from December, bear in mind that December was at a relative high, a rare appearance above $0.005. It’s more that December was unusually high than January is atypically low.

Write more books, write engaging content, learn effective long-term marketing strategies, and little fluctuations in per-page rates will hardly seem to matter.

Write happy, be happy. 🙂

Copyright © 2018

 

Chris McMullen