Amazon Is Recruiting Authors For Its eBook Library

Nate the greatest writes "Amazon just announced a $6 million pool of money that it plans to pay authors. All you have to do to get a share of the loot is commit to sell your ebook exclusively through the Kindle Store and agree to let your ebook be lent to Kindle Prime members. Amazon has already signed up a number of authors, including 31 of the top 50 self-published ones (J. Carson Black, Gemma Halliday, J.A. Konrath, B.V. Larson, C.J. Lyons, Scott Nicholson, Julie Ortolon, Theresa Ragan, J.R. Rain, Patricia Ryan, and more). It looks like Amazon launched this to support the Kindle Owners' Lending Library that Amazon launched just over a month ago. When it launched it had around 5 thousand titles as well as some less than voluntary participants. But there's a catch. Authors are required to give Amazon an exclusive on any title in the program. That means they're giving up the rest of the ebook market. Would any authors care to weigh in on the deal?"

Comments

Re:Worth experImenting with

[bhunachchicken]

My publishers don't give me stats that distinguish what ebook readers are purchasing my books, so I really don't know what percentage the kindle accounts for.

Based on what I've gleaned so far from my own effort, I'd say that Amazon outsells the other ebook retailers by a considerable amount.

In one month, I might sell 1,000 ebooks on Amazon.com and Amazon.co.uk. In the same month, I will sell about 100 copies through the iBookstore, Smashwords, Kobo and Barnes and Noble combined.

Amazon is a juggernaut that is unlikely to be stopped any time soon. I have to wonder how this will leave publishing in the next ten years. If hardback and paperback sales are slipping as much as people say, and book stores closing at the same rate, then people will end up reading more and more ebooks.

Which means they'll probably buy a Kindle. Which means they'll then probably not want to pay $9 for a book. Which means they'll turn to the free and $2 / $3 books.

Which might mean that you'll start to see traditional publishers outputting less, because they simply can't afford to compete at such a cost level.

But that's just my prediction of the next 10 years. It's probably very wrong.