Those 5 days are your freebies if you wish to use them. Free is free. There are many threads on this matter that the freebies are now being seen as hurting sales. People have caught on that there are hundreds of freebies each day so fewer are paying for them. It is probably good just to get your name out there but you will NOT be paid for anything you choose to give away. If you wish to be paid then don't give away your book.
1. Free Promo Days. These are the 5 free days that all Select members are allowed to use during a 90 day period. It is up to you how you use them or if you even use them. You do not get compensated (or charged) for any free promo downloads.
2. Kindle Lending Library. This shows up on your reports as KOLL. This is the part where Prime members are allowed 1 free borrow of any participating book during each month. Kindle will pay for these borrows, the amount varies by month, but about $2 each. Some people do report large numbers of borrows but I think for most people, they're not espcially significant. Last month was my biggest borrow month with 16 across 6 eligible books. If your book is a low price point, you probably won't see a lot because people may not use their one free borrow on a .99 book. If your book is a high price point you may not want to have hundreds of them because you'd make more off a sale. I just consider them a free promo with a little kickback.
Spot on. I've never had a single borrow because I only put short stories on free promo and most of them are just .99c.
OP, it would be great if you did get paid for freebies (even like 5c a time would be quite an earner for some people) but at the moment no. The whole point of it is exposure, in terms of appearing in "also bought" lists or even a reader that enjoys the promo either telling their friends or buying your other stuff.
Few people seem to like the free promo system, but its like a smelly uncle you're forced to live with and since its there you might as well put it to work. I refuse to put novels on promo but I don't mind so much with short stories, most of which only took me a day or two to write and have previously been sold to magazines. My novels are worth too much to me to just give away, but I think it can be particularly effective if you have a series.
**whether KDP Select pays users that give their books for free**
Thank you for brightening my morning!
Wouldn't it be simpler if Amazon just paid us for uploading our books and making them available? Say a hundred thousand copies each at $3.99. That would do more than Mr Obama has done to end the Great Recession.
"the whole point of it is exposure, in terms of appearing in "also bought" lists"
Funny thing about that is, before I did a free promo, there were famous authors on my "also bought" list, including Stephen King.
Afterward (and to this day) it is filled with people nobody ever heard of.