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Thread: New KDP Program with guaranteed advance


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dmd13

Posts: 2
Registered: 12/06/11
New KDP Program with guaranteed advance
Posted: Sep 19, 2014 8:52 AM
 
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Does anyone have information on when this Amazon program with start?

Authors will be asked to submit their complete, never-before-published book and cover.
After a few days, we will post the first pages of each book on a new website for readers to preview and nominate their favorites.
Books with the most nominations will be reviewed by our team for potential publication.
Should you be selected for publication you will receive benefits that include:
Guaranteed advance & competitive royalties: You will receive a guaranteed $1,500 advance and 50% royalties on net eBook revenue.
Focused formats: We acquire worldwide publication rights for eBook and audio formats in all languages. You retain all other rights, including print.
5-year renewable terms, $5,000 in royalties: If your book doesn't earn $5,000 in royalties during your initial 5-year contract term, and any 5-year renewal term after that, you can choose to stop publishing with us.
Easy reversions: After two years, your rights in any format or language that remains unpublished, or all rights for any book that earns less than $500 in total royalties in the preceding 12-month period, can be reverted upon request - no questions asked.
Early downloads & reviews: One week prior to release date, everyone who nominated your book will receive a free, early copy to help build momentum and customer reviews.
cdalebrittain

Posts: 10,413
Registered: 03/05/11
Re: New KDP Program with guaranteed advance
Posted: Sep 19, 2014 9:13 AM   in response to: dmd13 in response to: dmd13
 
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I have seen nothing about this. Are you sure it's coming from Amazon? The quote that you give does not use the word Amazon, which is why I'm wondering.

Not sure why people would be better off in a system that gives them only 50% royalties, rather than the 70% anyone with a decent-length book gets now. And them keeping the audio rights? There are months when I've made more from my audio books than my KDP books. This looks, I must say, like a third-party publisher who will put your book up on Amazon, rather than Amazon themselves.

Tell us more.
dmd13

Posts: 2
Registered: 12/06/11
Re: New KDP Program with guaranteed advance
Posted: Sep 19, 2014 10:09 AM   in response to: cdalebrittain in response to: cdalebrittain
 
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Supposedly, this was sent to some KDP authors
"Dear KDP Author,

We want you to be one of the first authors to hear about a new program that will help you kick-start your book and potentially earn a new publishing contract with Amazon - in 45 days or less.

We'll be officially announcing this program soon. In the meantime we wanted to share how it will work:"

... and the rest I posted already. No one has heard anything?
M.R. Brazear

Posts: 4,848
Registered: 07/18/13
Re: New KDP Program with guaranteed advance
Posted: Sep 19, 2014 11:03 AM   in response to: dmd13 in response to: dmd13
 
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dmd13 wrote:
Supposedly, this was sent to some KDP authors
"Dear KDP Author,

We want you to be one of the first authors to hear about a new program that will help you kick-start your book and potentially earn a new publishing contract with Amazon - in 45 days or less.

We'll be officially announcing this program soon. In the meantime we wanted to share how it will work:"

... and the rest I posted already. No one has heard anything?

It doesn't look like anything Amazon would send out. It looks far more like one of those vanity publishers, pretending you need them, like Inkshares. Why do you think it has come from Amazon?
Cynthia E. Hurst

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Registered: 02/25/13
Re: New KDP Program with guaranteed advance
Posted: Sep 19, 2014 11:07 AM   in response to: dmd13 in response to: dmd13
 
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I hope you noticed the part about them acquiring the worldwide e-book publication rights.

Edited by: Cynthia E. Hurst on Sep 19, 2014 11:08 AM
tunskit

Posts: 311
Registered: 07/10/10
Re: New KDP Program with guaranteed advance
Posted: Sep 19, 2014 2:12 PM   in response to: Cynthia E. Hurst in response to: Cynthia E. Hurst
 
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Cynthia E. Hurst wrote:
I hope you noticed the part about them acquiring the worldwide e-book publication rights.

Edited by: Cynthia E. Hurst on Sep 19, 2014 11:08 AM


Yes, that. I don't think it's a good tradeoff for an advance and 50% NET royalties. After Ellora' s Cave, I'm done with traditional publishing though, and this is too close to traditional publishing.

Btw, if the email OP got is the same one I did, you aren't supposed to be talking publicly about the program yet. Just FYI.
billhiatt

Posts: 3,497
Registered: 09/15/12
Re: New KDP Program with guaranteed advance
Posted: Sep 19, 2014 2:58 PM   in response to: tunskit in response to: tunskit
 
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How good the program is depends on how much promotion Amazon does. After paying an advance, they have an incentive to get the book moving. Given how many eyes are looking at Amazon pages on any given day, a little advertising on Amazon goes a long way. It might hypothetically be worth the somewhat lower royalties if it generated enough sales.

Edited by: billhiatt on Sep 19, 2014 2:58 PM
billhiatt

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Registered: 09/15/12
Re: New KDP Program with guaranteed advance
Posted: Sep 19, 2014 3:29 PM   in response to: M.R. Brazear in response to: M.R. Brazear
 
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Since the offer refers to a publishing contract with Amazon, if the email didn't really come from Amazon, whoever did send it is going to be in big trouble for misrepresenting. I'm not sure how that statement could be interpreted except as a reference to Amazon Publishing.
Marcy Henshaw

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Registered: 09/29/12
Re: New KDP Program with guaranteed advance
Posted: Sep 19, 2014 4:14 PM   in response to: dmd13 in response to: dmd13
 
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I'd be all over it with a stand-alone just to generate more name exposure, which could lead to sales of my other books.

Also with Audible, current royalty shares on new contracts are 40%...so if a book is picked up this way I would assume that 50% would apply. That's not "bad."

Edited by: Marcy Henshaw on Sep 19, 2014 4:23 PM
extradimensions

Posts: 4,140
Registered: 05/19/09
Re: New KDP Program with guaranteed advance
Posted: Sep 19, 2014 4:50 PM   in response to: Marcy Henshaw in response to: Marcy Henshaw
 
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I wonder where editing, formatting, and cover design figure into this. Ordinarily, one would expect help with this from the publisher, though obviously here it all needs to be stellar from the get-go to generate the interest...
billhiatt

Posts: 3,497
Registered: 09/15/12
Re: New KDP Program with guaranteed advance
Posted: Sep 19, 2014 6:46 PM   in response to: extradimensions in response to: extradimensions
 
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It looks like a hybrid between trad publishing and self-publishing, so it is a little hard to say. Higher royalty rates might lead to the expectation that some of those functions are the author's responsibility. On the other hand, not only are the royalties higher than normal trad royalties, but I don't know of too many trad publishers willing to allow such liberal release terms, both for rights not exercised within two years by the publisher and for situations in which the royalties are lower than expectations.

All of that said, it is hard to believe Amazon wouldn't make adjustments if they found editorial issues or a cover they didn't think was optimal. Amazon is investing in these titles, in contrast to KDP, in which Amazon just provides a place to sell.
Sarah McKenzie

Posts: 305
Registered: 12/10/13
Re: New KDP Program with guaranteed advance
Posted: Sep 19, 2014 8:22 PM   in response to: dmd13 in response to: dmd13
 
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If you got this in email I would send it to KDP and make sure it is them, before you land up sending your "new manuscript" to them and possibly even your banking info. I have gotten phishing email before and when in doubt I phone or email and send them the email. I would be super careful, not just with new manuscript but with your banking info. I think when it comes to the internet people can exploit the facelessness of it all. If it is kdp then the next question is do you want to sign over your ebook rights, if it is not KDP you sure don't want to sign over ebook rights and especially not your banking info. If they don't actually claim to be kdp but in a round about way it would be reasonable to assume that they are KDP, you could have a lot of regrets and time wasted, and if not kdp then kdp should know and you should avoid them in my opinion, due to risks as described above. I get strange email and I have a folder just for that email but sometimes it is hard to tell. Good luck.
Nathaniel W Hof...

Posts: 2
Registered: 05/05/14
Re: New KDP Program with guaranteed advance
Posted: Sep 19, 2014 8:43 PM   in response to: dmd13 in response to: dmd13
 
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Could you post the email address that sent you this offer?
Elizabeth

Posts: 681
Registered: 10/28/12
Re: New KDP Program with guaranteed advance
Posted: Sep 19, 2014 9:15 PM   in response to: Marcy Henshaw in response to: Marcy Henshaw
 
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Also with Audible, current royalty shares on new contracts are 40%...so if a book is picked up this way I would assume that 50% would apply. That's not "bad."

Net vs. gross list, Marcy. I'm sure you know better. Maybe you just didn't notice.

Net could be 10% of gross list after deducting everything the publisher can charge to the project - including salaries, marketing, printing, editing, cover art, ink, donuts, travel to Barbados, etc. Then you get 50% of that 10% net.

To all: never sign a contract giving you a percentage of NET, unless maybe you're the editor's niece.

I'd also be interested to know from where this letter actually came.
scribblr

Posts: 3,504
Registered: 05/08/08
Re: New KDP Program with guaranteed advance
Posted: Sep 19, 2014 9:43 PM   in response to: dmd13 in response to: dmd13
 
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5-year renewable terms, $5,000 in royalties: If your book doesn't earn $5,000 in royalties during your initial 5-year contract term, and any 5-year renewal term after that, you can choose to stop publishing with us.

I found this line very curious. It appears to suggest that you have the right to cancel the contract after five years, BUT-- then it says that you can ONLY stop publishing with whoever is making this offer if the book doesn't earn $5,000.00 in royalties. If it does earn more, it sounds like you can't pull the book and they keep making money off of you. $5,000.00 is NOTHING over five years.
:-)
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