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:
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?
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
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!
Cheers, and thanks for your comment