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Monday, July 7, 2014

Questions about self-publishing

A couple of years ago, I set up a blog or publishing on Kindle, called Kindle Publishing Hints.

I've had a lot of interesting questions (as well as many compliments).

And here is one of them:

Hi Joan,

Great walkthroughs. Quick question, as someone who has never used Amazon or Kindle, how does their royalties system work? Do you choose an amount for your book to be worth and it can then be downloaded from a Kindle Store, with you receiving a percentage of this purchase? Or is it a different procedure?
Thanks again!

My answer:

In your publish page there should be a link to the payment system. Everytime your book is downloaded, you get your portion of what you have agreed with KDP. It is paid to you every month (unless it is under $100, and you have opted for checks, in which case you won't get a check until the total is over $100). That sounds complicated, but it is a helluva lot better than traditional publisher payments, which come twice a year, and are very much backdated.

Now then, choosing how much to charge for each book. If you choose an amount under $9.99 you get 70% royalties in certain territories (not all). If you choose more than $9.99, it all turns to custard. The same happens if you choose an amount under $2.99. So you pick a price between $2.99 and $9.99. Which one you choose is up to you, but my impression is that if you make it too low, it looks as if you don't give a great rating to your own work -- and that if you make it too high, then you look arrogant!

Go figure.

Cheers, and thanks for your comment

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