Bookshelf | Reports | Community | KDP Select

Home » Amazon KDP Support » Ask the Community » General Questions

Thread: New KDP Program with guaranteed advance


This question is not answered. Helpful answers available: 2. Correct answers available: 1.

Reply to this Thread Reply to this Thread Search Forum Search Forum Back to Thread List Back to Thread List

Permlink Replies: 82 - Pages: 6 [ Previous | 1 2 3 4 5 6 | Next ] - Last Post: Mar 27, 2015 11:46 AM Last Post By: extradimensions
angelakulig

Posts: 1,049
Registered: 04/09/11
Re: New KDP Program with guaranteed advance
Posted: Sep 21, 2014 6:19 AM   in response to: extradimensions in response to: extradimensions
 
Click to report abuse...   Click to reply to this thread Reply
Hey guys I just sent an email to KDP--in the question category you can even select AMAZON PROGRAMS. I figure, why wonder? They will tell me if they sent it, I am sure.
billhiatt

Posts: 3,503
Registered: 09/15/12
Re: New KDP Program with guaranteed advance
Posted: Sep 21, 2014 1:50 PM   in response to: extradimensions in response to: extradimensions
 
Click to report abuse...   Click to reply to this thread Reply
I'm with you on that, extradimensions! If, as I suspect is the case, the new program is authentic, Amazon will obviously do a public roll-out before anyone has to do anything. A scam would have you do something immediate, before any kind of public action on Amazon's part.

It is apparent that the program will be completely voluntary. If your current book sales make it seem unattractive, then don't do it! There really seems no big cause for alarm here.

To me it comes down to a question of whether one wants to be trad published or not. If not, then you have no worries. If you might want to consider it, the terms look very generous to me, and yes, the program would require you to sell some rights, but so would any other trad contract. And yes, promotion is not mentioned explicitly, but if Amazon is paying advances, they have an investment to protect. They are not going to want the books they choose to fail.

If I had to guess, I would say that, while Amazon would welcome talented KDP authors who might want a different relationship, they are also gunning for authors who have signed with trads in the past. A List authors probably wouldn't take the risk, but I bet there are plenty of mid-list authors who would make the jump as soon as they were free to. Some of you are looking at it as a 70% to 50% drop in royalties. They will look at it and see a substantial increase in royalties. Some of you look at it as a loss of freedom you currently enjoy. They will look at it and see it as easier release terms than what they now enjoy. If I understand the situation correctly, trad contracts typically require the work to be out of print for a few years in order for the rights to revert to the author. Amazon is willing to let them go if royalties drop below a certain threshold.

If I'm correct in my assumptions, that might also explain what I thought was an odd exception at first: print rights. The new deal only involves e-book and audible. On the face of it, that doesn't make sense, But if it is an effort to expand the author base for Amazon Publishing, it makes a lot more. The biggest brick wall Amazon Publishing has run into is brick and mortar stores refusing to carry its books, cutting into their market share and making established authors and celebrities think twice. But for e-books, Amazon has a huge market share without needing anyone else's space to sell e-books and leaving authors free to sell print rights to a trad. My guess would be most trads wouldn't consider that kind of deal--at first. If I were lucky enough to get that Amazon deal, though, I'd publish the paperback through CreateSpace. I'm guessing I could still link it to the e-book, even though Amazon owns the rights to the e-books, just as old editions from different publishers can currently be linked to the same product page. That means the paperback will indirectly benefit from whatever advertising Amazon does for e-book and audible, and I wouldn't do too badly with it. (Amazon would still be getting their cut on the CS sale, so they probably wouldn't mind.) Again, no A list author would probably risk that, but a mid list one who isn't making much under the current arrangement might well do so. The potential result: Amazon cherry picks some of the best new talent and begins poaching mid list authors from the trads. Amazon won't put the trads out of business that way but will make them rethink their practices. At some point the trads will realize the danger and start offering better terms to authors. Otherwise, as the A list authors retire, the trads may begin to have a hard time replacing them.

Perhaps, far from being worried about this new program, we should be getting ready to celebrate, assuming the new program actually launches and then endures. As I said in an earlier post, I can't see a downside. Authors are bound to benefit one way or another.
angelakulig

Posts: 1,049
Registered: 04/09/11
Re: New KDP Program with guaranteed advance
Posted: Sep 23, 2014 6:34 AM   in response to: billhiatt in response to: billhiatt
 
Click to report abuse...   Click to reply to this thread Reply
Alright Nay Sayers, I got my reply back from Amazon and they have confirmed the authenticity of the email. They say it is neither Amazon publishing, nor KDP, but something new all together. They did not give a time frame for the announcement or the launch, they just said they were sorry they couldn't give too many details but that they thought some authors might be interested. I kind of want to know how they, guessed or what the criteria they used was.
M.R. Brazear

Posts: 4,847
Registered: 07/18/13
Re: New KDP Program with guaranteed advance
Posted: Sep 23, 2014 7:36 AM   in response to: angelakulig in response to: angelakulig
 
Click to report abuse...   Click to reply to this thread Reply
angelakulig wrote:
Alright Nay Sayers, I got my reply back from Amazon and they have confirmed the authenticity of the email. They say it is neither Amazon publishing, nor KDP, but something new all together. They did not give a time frame for the announcement or the launch, they just said they were sorry they couldn't give too many details but that they thought some authors might be interested. I kind of want to know how they, guessed or what the criteria they used was.
Now are you sure that reply was from Amazon? :) Only joking, but it is better to be safe than sorry. Now I am going to sulk because I haven't got one!
angelakulig

Posts: 1,049
Registered: 04/09/11
Re: New KDP Program with guaranteed advance
Posted: Sep 23, 2014 8:20 AM   in response to: M.R. Brazear in response to: M.R. Brazear
 
Click to report abuse...   Click to reply to this thread Reply
LOL I used the help section in KDP, and sent them an email directly =P I did not reply to the original email. Sorry! If I had to guess why I got one, I'd go with the obsession with social media. I am guessing that's how it's going to play out anyway, one giant popularity contest.
Martin Munroe

Posts: 83
Registered: 04/07/14
Re: New KDP Program with guaranteed advance
Posted: Sep 23, 2014 3:16 PM   in response to: angelakulig in response to: angelakulig
 
Click to report abuse...   Click to reply to this thread Reply
I think this is all legit.


Amazon have a load of imprints like Little A and 47 North, pretty much every genre.


They are run like trad publishers.


The program is basically opening submissions for these imprints to all and sundry rather than working like say Harper Collins - Agent/ connected referrals only.


Indie authors can submit to the program, (as long as there not published anywhere else) and readers basically decide 'vote' who they'd like to be offered a publishing contract.


As far as I know authors will have to be in KDP, not sure if it's going to be a free to submit or invite only, they may have some gate keepers on it


In my opinion, Amazon want to push out hard into publishing, they have this huge potential talent pool of indie writers and it's becoming more common for the ones that somehow catch their eye to sign them up in these hybrid deals.


If they offered you a guaranteed $1,500 advance and 50% royalties on net eBook revenue for worldwide publication rights for eBook and audio formats in all languages, but you retain all other rights, including print - that's still better than the trad publishers would probably offer someone who's not a really established writer.


This offer wont suit a lot of KDP writers, but for writers like me trying to 'establish' themselves, it seems a good move.


It seems like an expansion of the pilot program over the Amazon video,


HERE

billhiatt

Posts: 3,503
Registered: 09/15/12
Re: New KDP Program with guaranteed advance
Posted: Sep 23, 2014 4:13 PM   in response to: Martin Munroe in response to: Martin Munroe
 
Click to report abuse...   Click to reply to this thread Reply
Yes, Martin, I was thinking the same thing with regard to Amazon Studios, which gives you a shot at marketing an unagented screenplay.

As I said earlier, if Amazon can scoop up some promising new writers, they can begin to develop a talent pool that will one day make them major players in the publishing industry. I'm eager to see what happens.
extradimensions

Posts: 4,140
Registered: 05/19/09
Re: New KDP Program with guaranteed advance
Posted: Sep 23, 2014 5:16 PM   in response to: billhiatt in response to: billhiatt
 
Click to report abuse...   Click to reply to this thread Reply
I've got hundreds of book ideas and one screenplay idea. Someday, maybe I'll give it a shot. I think Amazon Studios is where I would try (though I'm willing to market the daylights out of it, if I get that far).:-)
Marcy Henshaw

Posts: 7,769
Registered: 09/29/12
Re: New KDP Program with guaranteed advance
Posted: Sep 23, 2014 5:47 PM   in response to: dmd13 in response to: dmd13
 
Click to report abuse...   Click to reply to this thread Reply
Uhm BTW I will no longer even consider this program. Not after KDP released my danged DRAFT to the public. I'll retain control.
angelakulig

Posts: 1,049
Registered: 04/09/11
Re: New KDP Program with guaranteed advance
Posted: Sep 23, 2014 6:28 PM   in response to: Marcy Henshaw in response to: Marcy Henshaw
 
Click to report abuse...   Click to reply to this thread Reply
I really don't think that's fair Marcy--you had a crazy technical glitch with a new automated process. It sucked, I totally agree, but it was't nefarious. This is Amazon publishing people in a more traditional sense. It's not going to be, "Alright, you win. Now go publish the book via the KDP Dashboard." I actually think less can go wrong with the upload process if Amazon is doing it directly.

And all the people still speculating on it's legitimacy. I spoke to Amazon directly, and it came from them. No fakes.
Marcy Henshaw

Posts: 7,769
Registered: 09/29/12
Re: New KDP Program with guaranteed advance
Posted: Sep 23, 2014 6:41 PM   in response to: angelakulig in response to: angelakulig
 
Click to report abuse...   Click to reply to this thread Reply
Ugh I hate posts that vanish as I type.

I think it's very fair. Their technical glitch caused a HUGE problem for me and marred my reputation. That may well have very lasting affects. Even so, I can be very forgiving of a technical glitch. Be that as it may, due to the "glitch" I will not use pre order again. As far as not entertaining the idea of using them under contract to publish for me...that has to do with their denial of said glitch, lack of response to it, and horrible customer service over the issue. I will not put control of my work in the hands of a company like that. I'm happy to use them as a shelf for my work, and am thrilled with the opportunity to do so, but will not give up control of my work. Not after this demonstration. :-)
angelakulig

Posts: 1,049
Registered: 04/09/11
Re: New KDP Program with guaranteed advance
Posted: Sep 23, 2014 7:00 PM   in response to: Marcy Henshaw in response to: Marcy Henshaw
 
Click to report abuse...   Click to reply to this thread Reply
I won't get into the preorder thing because I warned people I thought it would go wrong in advance and no one listened. I also mentioned it was choking the pipeline with books and that was going to make it terribly noneffective for the bulk of indie authors out there. You are someone who could have used it effectively, but I think it would have been better to roll it out slower to provide better service to smaller groups of people using it for the first time. But as stated previously, it's not KDP who is doing it. You are talking about whole separate branches of a company. Run different and by completely different groups of people.
Marcy Henshaw

Posts: 7,769
Registered: 09/29/12
Re: New KDP Program with guaranteed advance
Posted: Sep 23, 2014 7:10 PM   in response to: angelakulig in response to: angelakulig
 
Click to report abuse...   Click to reply to this thread Reply
And if you opt to participate, I hope it goes well for you.
extradimensions

Posts: 4,140
Registered: 05/19/09
Re: New KDP Program with guaranteed advance
Posted: Oct 2, 2014 5:43 AM   in response to: Marcy Henshaw in response to: Marcy Henshaw
 
Click to report abuse...   Click to reply to this thread Reply
Did anyone else receive an email about this today? It appears that this will go live in a couple of weeks. (I didn't read anything in this email where it asked us not to reveal the details...)
It looks like they will begin with romance, mystery/thriller, and sci-fi & fantasy. You grant them a 45-day exclusivity period. They post your cover and first 3000 words or so (but you submit a complete manuscript). There will be a short Q&A section where you can answer questions from readers.
It may not be for those who already thrive in these genres, but the email does mention "Amazon-featured marketing," which will probably attract much interest in the program (many would happily cut 20% for Amazon-featured marketing, assuming that entails more than the usual customers-also-bought lists).
Anyone who is interested probably wants to finish a book in one of these genres, get a highly marketable cover, prepare a stellar blurb, and get ready to build interest. Since it's done by voting, apparently, marketing will, as always, be a valuable tool (both packaging and creating interest).
Karine Holly Gr...

Posts: 420
Registered: 03/11/13
Re: New KDP Program with guaranteed advance
Posted: Oct 2, 2014 5:50 AM   in response to: M.R. Brazear in response to: M.R. Brazear
 
Click to report abuse...   Click to reply to this thread Reply
It is from Amazon. I am currently comparing the program with what I have now.
Legend
Helpful Answer
Correct Answer

Point your RSS reader here for a feed of the latest messages in all forums