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History Repeats Itself: KDP Select Is Amazon.com's 'Payback For Playback'
New submitter brennanw writes "Anyone who was active on mp3.com during the late 90s/early 2000's will find Amazon.com's KDP Select awfully familiar: authors who make their works exclusive to Amazon compete for a pool of money. Any time someone 'borrows' one of their books, they get a cut of a monthly sum (700K in January, 600K for February) based on how many of their books were checked out vs. how many other author's books were checked out. This is almost identical to the 'Payback for Playback' service MP3.com provided musicians a little over a decade ago. Payback for Playback effectively destroyed the original MP3.com artist community, and I don't think KDP Select is going to be much different for the self-publishing community that is growing on Amazon."
What did the PfP program do that was so bad to mp3.com? Honestly curious.
You can mod your friends, you can mod your nose, but you can't mod your friend's nose.
Except the big gain of the KDP-Select, the free days as you say, are already starting to lose its impact. We see each other on KB (Hi, I'm MrPLD) and we can see it falling away in front of us. We pulled ~2000 freebies last week over 3 days, but when it originally came out people were getting 10,000+, now more and more people are only seeing 50~200 freebies.
Sooner or later, we're all going to have to go back to the traditional way of getting our readership, we're running out of "pricing as marketing" strategies, unless we want to start paying readers $1/book (and yes, it will happen, I'm fairly sure).
I'm off the auto-renewal after 90 days on KDP, the free days were a nice thing, but I do wonder in some ways if Amazon isn't trying to make the independents destroy their own kind with this strategy [cynical hat on].
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