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Thread: OMG, here comes Kindle Unlimited!


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Permlink Replies: 428 - Pages: 29 [ 1 2 3 4 5 | Next ] - Last Post: Aug 10, 2014 11:36 AM Last Post By: Notjohn
Notjohn

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Registered: 02/27/13
OMG, here comes Kindle Unlimited!
Posted: Jul 17, 2014 5:29 AM
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http://www.digitalbookworld.com/2014/report-amazon-testing-kindle-unlimited-subscription-ebook-service/?et_mid=682451&rid=245585020

This will, I suppose, cement the Kindle Select model. If "over 600,000" books are to be available, surely that can't be the entire Kindle universe outside the Big 5?

Personally, I would never subscribe, since most of the books I read and enjoy are precisely those from Big 5 publishers, who after all are the ones publishing most of the quality writing. (And most of the dreck, I'm sure that someone will add. That's true too, but the ratio of quality to dreck is much more favorable.)

But I might well abandon B&N and the rest, which haven't been performing very well for me this year.

Good luck! -- NJ

The book: Notjohn's Guide to Kindle Publishing: Ten Steps to Selling Your E-book on Amazon (Or Anywhere Else) (Third Edition)

The blog: Notjohn's KDP Guide
Notjohn

Posts: 21,169
Registered: 02/27/13
Re: OMG, here comes Kindle Unlimited!
Posted: Jul 17, 2014 5:30 AM   in response to: Notjohn in response to: Notjohn
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Brian Schell

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Registered: 01/10/13
Re: OMG, here comes Kindle Unlimited!
Posted: Jul 17, 2014 8:01 AM   in response to: Notjohn in response to: Notjohn
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Yeah, this is going to be really big, and it's going to impact us all in a BIG way. Even if Indie publishers aren't included right now, they will be eventually.

The trouble is without any specific details about how the author would be paid, it's impossible to say whether it's a good thing or a bad thing for us.

As a reader, I'd have ZERO qualms about $10 a month to have access to the majority of Amazon's ebooks. The problem is that 600,000 books is just a drop in the bucket. True, it's only in the test phase, so there's plenty of time to work out the details.
Jonathan B

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Registered: 10/23/12
Re: OMG, here comes Kindle Unlimited!
Posted: Jul 17, 2014 8:26 AM   in response to: Notjohn in response to: Notjohn
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I'd really like to know the impact on us. The current model is fine with me, and I just don't see how this could pay any better. Two of my books are $5.99, for example, and I get $4.05 per sale. If Amazon is going to charge $9.99 per month for unlimited downloads, I just don't see how they can still pay me $4.05 each time someone downloads my book, given that the member probably downloaded another book for $6.99 and two for $4.99 that month.
M.R. Brazear

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Registered: 07/18/13
Re: OMG, here comes Kindle Unlimited!
Posted: Jul 17, 2014 8:35 AM   in response to: Jonathan B in response to: Jonathan B
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Jonathan B wrote:
I'd really like to know the impact on us. The current model is fine with me, and I just don't see how this could pay any better. Two of my books are $5.99, for example, and I get $4.05 per sale. If Amazon is going to charge $9.99 per month for unlimited downloads, I just don't see how they can still pay me $4.05 each time someone downloads my book, given that the member probably downloaded another book for $6.99 and two for $4.99 that month.
But you don't get $4.05 when someone borrows your book through prime, do you? This would probably be on the same principle, if not the same amount.
Marcy Henshaw

Posts: 7,769
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Re: OMG, here comes Kindle Unlimited!
Posted: Jul 17, 2014 8:44 AM   in response to: Jonathan B in response to: Jonathan B
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My guess is it may mean payments similar to Select. Varying each month. Maybe a buck a download? I could pretty easily see enrolling say book one of a series in the program, assuming it could also be outside of the program (not exclusive to unlimited) and assuming the rest of my books could remain NOT in the program. I'd also want to have an option of opting OUT of the program after say 1-3 months.
Elizabeth

Posts: 681
Registered: 10/28/12
Re: OMG, here comes Kindle Unlimited!
Posted: Jul 17, 2014 8:48 AM   in response to: M.R. Brazear in response to: M.R. Brazear
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I suspect removing price competition on all those books i.e., making them all the same price in essence, will hurt a lot of newer, non-established authors. Bigger authors who sign up will still get plenty of traffic, maybe more, as the price to the consumer to read their books goes down. It's human nature to believe reading bestsellers for one flat low price is more of a bargain than reading unknowns. On the other hand, it may allow more people to try out unknowns and eventually it may mean the demise of free books. It could go either way. I wonder how much revenue Netflix streaming generates for the rights holders that put their movies on the streaming service vs. those that don't.
villagoise

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Registered: 11/13/11
Re: OMG, here comes Kindle Unlimited!
Posted: Jul 17, 2014 8:55 AM   in response to: Jonathan B in response to: Jonathan B
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I too have concerns about the financial implications. Quite simply, it doesn't make commercial sense to virtually give away thousands of books a month instead of selling them. I can only visualise reduced profit for everyone.

Whilst it is possible that the offer will not, initially, include self-pubbed books, I'm wondering how any of us can expect to continue to sell well if customers can get books so cheaply.
Andrew Brown

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Registered: 05/25/13
Re: OMG, here comes Kindle Unlimited!
Posted: Jul 17, 2014 9:05 AM   in response to: Notjohn in response to: Notjohn
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You would assume/hope that this operates in a similar fashion to Prime, in that a subscriber can borrow one book at a time.

Then, like Prime and KOLL, we would receive our percentage from borrows against the pot.

I can only assume that they are keeping this seperate to Prime as Prime offers benefits to Azn customer in excess of the KOLL.
lisagloria

Posts: 132
Registered: 04/13/12
Re: OMG, here comes Kindle Unlimited!
Posted: Jul 17, 2014 9:08 AM   in response to: villagoise in response to: villagoise
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I think it's absolutely fabulous. I'm so excited I do not know WHAT to do with myself.

A - Amazon historically comes in with guns blazing, no half-measures, ruthlessly mowing down anything that stands in their way. We are the ammunition (or cannon fodder). Show me the way to the cannon, I will climb right in.

B - The test pages had one of my books in it, an indie title that's been up since 2012. Of course, it was just test pages.

C - Scribd's data mining includes how much stuff people read. Now presumably Amazon will track not only what you like, but how well it engages you. That means well-written books by ANYONE can rise, I hope. Not just known entities, and those with marketing budgets out the wazoo.

Just like anything, some people will profit awesomely from this. I would like to be one of those people. I've been in the "first to be cynical, wins!" camp too may times over the last 20 years and seen too many Internet hot-air balloons go sailing off without me. Not this time, my friends! Yamobethere!
L M Gabriel

Posts: 215
Registered: 08/22/13
Re: OMG, here comes Kindle Unlimited!
Posted: Jul 17, 2014 9:11 AM   in response to: villagoise in response to: villagoise
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I am inclined to agree with you on that. I am not optimistic, because I think it will impact badly on us in all sorts of ways. It is more likely to run off the Spotify model in music where you get paid a few cents per borrow. As a songwriter I have my recordings up there and earn 1 or 2 cents per play against 99 cents a download. Guess what? Nobody downloads what they can add to a playlist cheaply. It would be brilliant if I were a top selling sing songwriter with a fan base of millions but it's not so hot for an indie. The sort of people who like bargains and freebies will load up their kindles with books they can't possibly read in the time available. There will be a scramble to be in the top 600,000 which will lead to more cheats paying for reviews or using mass sock-puppetry. Other authors will be vainly putting on free promotions in hope of getting noticed. I think I better get my leg fixed and look for a job in Tescos!
villagoise

Posts: 3,078
Registered: 11/13/11
Re: OMG, here comes Kindle Unlimited!
Posted: Jul 17, 2014 9:11 AM   in response to: Andrew Brown in response to: Andrew Brown
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Andrew Brown wrote:
Then, like Prime and KOLL, we would receive our percentage from borrows against the pot.

But how big a pot can it be when customers can help themselves to as many books as they like for 10 bucks a month?
villagoise

Posts: 3,078
Registered: 11/13/11
Re: OMG, here comes Kindle Unlimited!
Posted: Jul 17, 2014 9:20 AM   in response to: L M Gabriel in response to: L M Gabriel
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I absolutely agree. Instead of hoping my current income goes on, I reckon I should be anticipating that it won't.

I think it's a case of saying, Oh well, we had it good for a while, but the bubble is about to burst.
lisagloria

Posts: 132
Registered: 04/13/12
Re: OMG, here comes Kindle Unlimited!
Posted: Jul 17, 2014 9:23 AM   in response to: villagoise in response to: villagoise
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shrug they haven't said yet. But I think it's safe to say they've thought it out. Besides, Amazon has always deferred profitability in favor of ruthless competition-mauling. And, subscription services are based on the idea of "breakage" where only a small portion of users actually optimize their subscription benefits. Scribd says that only 2% of their users read >10 books a month.

The Spotify model doesn't apply here. Netflix is probably more applicable.
villagoise

Posts: 3,078
Registered: 11/13/11
Re: OMG, here comes Kindle Unlimited!
Posted: Jul 17, 2014 9:29 AM   in response to: lisagloria in response to: lisagloria
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I sincerely hope you're right.
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