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Thread: FYI 70% Royalties in India now Available!


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Permlink Replies: 68 - Pages: 5 [ Previous | 1 2 3 4 5 | Next ] - Last Post: Sep 25, 2012 4:59 PM Last Post By: 76year2
gldrummond

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 9:50 AM   in response to: hostaholic in response to: hostaholic
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Yeah, I've wondered how many of us have seen a giant surge in 35% sales through the US site since India was added to it.

No surge here.
76year2

Posts: 1,552
Registered: 11/29/11
Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 10:31 AM   in response to: vlgallas in response to: vlgallas
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If you get paid by check, They don't pay until $100 is reached. What pile of sand do you have your head in? And they are all different payments so amazon holds your money.
notjohn

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 11:22 AM   in response to: tomr1000 in response to: tomr1000
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[i]Dear Amazon - India is no different than any other market and when we sell a kindle book in India, we should be entitled to 70% like any other foreign market.[/i]

Beware what you wish for! Given the guvmint's override of the "agency model," Amz may well be moving back to the old 35 percent royalty schedule.

Apart from that, I actually find the move encouraging. Kindle Select was promised for a year, starting in December 2011. The awful freebies, which IMHO have come near to destroying the KDP market, were a big draw to get lots of titles (of dubious quality) into the Select program, hence making it attractive for people to sign up to the Prime program, which is the only reason for the existence of Select.

If Amz is now experimenting with a new lure, it may be that the freebies will stop in December. Let's hope so!

NB to the poster who thinks that enrolling in Select means your book must be free. No so. All it means is that the book is enrolled in the Lending Library and you get two bucks a borrow from it. Not bad, but given the awful drop in Kindle sales this year, I prefer to have my book available on other platforms.
notjohn

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 11:24 AM   in response to: 76year2 in response to: 76year2
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Why in the world do you choose to be paid by paper check?
clemlaw

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 11:29 AM   in response to: 76year2 in response to: 76year2
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The India sales are in the same pile of sand as the U.S. sales (and Canada, Australia, etc.) So if you have $99 in U.S. royalties and $2 from India, you'll get your paper check for $101.

UK, Germany, France, etc., are all separate sand piles.
martitalbott

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 11:35 AM   in response to: notjohn in response to: notjohn
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Are we missing the "exclusive" point? Is that not designed to hurt their competitors? Exclusive means people must buy from Amazon to read those particular books, good or bad. I realize they have apps for other readers, but still, readers have to buy the ebooks from Amazon and who knows when some of those exclusive books will become bestsellers.

I am a bit concerned that this move to 70% only if in select, might spread to the other countries. I don't sell much overseas, so it won't really hurt me much. Besides, Nook will soon have a store in the UK. Still, cutting our market share is a bit unsettling. On the other hand, such a move might actually work in Apple, Kobo and Nook's, etc., favor.

Very interesting.

Message was edited by: martitalbott
76year2

Posts: 1,552
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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 12:06 PM   in response to: notjohn in response to: notjohn
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I am thinking about setting up a seperate bank to put all the money Amazon pays me. But banks have a limit on how much you can put in one account.
vlgallas

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 12:12 PM   in response to: 76year2 in response to: 76year2
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If you get paid by check, They don't pay until $100
is reached. What pile of sand do you have your head
in? And they are all different payments so amazon
holds your money.

You do not have to be rude Dan. I have never had Amazon require I meet a $100 threshold for payment and I know you are not outside of the US, so it was a valid question. They have always paid me via EFT.

They hold your payments because you do not use a bank account.
76year2

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 12:19 PM   in response to: vlgallas in response to: vlgallas
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You're right 'sorry' I don't use a bank account, $20 bucks is no good anymore, so I just as well wait until it's a 100 bucks.
scribblr

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 12:20 PM   in response to: 76year2 in response to: 76year2
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[i]I am thinking about setting up a separate bank to put all the money Amazon pays me. But banks have a limit on how much you can put in one account.[/i]

I've never heard that. I know that in the US, deposits in a bank are only federally protected up to $250,000. That's not per account, that's per bank. So when you get to $250,000. you'll have to shift some of it to another non-affiliated bank (not just another account or another branch). I sure you won't mind the effort.
;-)
29emma

Posts: 1,121
Registered: 06/17/11
Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 12:27 PM   in response to: scribblr in response to: scribblr
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It's not even per bank. It's per account style.

So, Bank 1. You set up a checking account in your name. You're protected up to $250k. You set up a savings account in your name, another $250k. You set up a joint checking account between you and your spouse, another $250k. You set up a joint savings account between you and your spouse, another $250k.

You could also set up single accounts for your spouse, both checking and savings to get $250k of protection two more times.

Bank reps can help you with this. I used to be one.
scribblr

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 12:30 PM   in response to: gldrummond in response to: gldrummond
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[i]Yeah, I've wondered how many of us have seen a giant surge in 35% sales through the US site since India was added to it.[/i]

Since the royalty for Canada was first raised to 70%, my percentage of sales at 35% has held fairly steady at around 12% per book.

But, for the past couple of weeks the percentage of my sales at 35% has increased to 18% at the low end to 36% at the top end. I don't know if the sales are from India, South Africa, or Guatemala, but someone outside north North America has 'discovered' my books very recently. Since Amazon doesn't provide any verifiable sales information by country, I certainly wouldn't jump to put any books on Select to improve my royalties. It might turn out that it's the people of Brazil that have discovered my work.
;-)
clemlaw

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Registered: 06/10/11
Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 12:32 PM   in response to: 29emma in response to: 29emma
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Unfortunately, Amazon won't split the deposits. So when Amazon sends me my monthly million dollar royalty check, I run the risk of the bank failing between the time I make the deposit and when I can get the money in another account.

This is very stressful. I still long for the good old days when I never made more than a couple hundred a month. Oh, wait a minute, these are the good old days. :-)
clemlaw

Posts: 1,391
Registered: 06/10/11
Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 12:33 PM   in response to: 76year2 in response to: 76year2
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$20 bucks is no good anymore<<<<<

If so, don't worry about those 20 rupees Amazon is holding. :-)
scribblr

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 12:45 PM   in response to: 29emma in response to: 29emma
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[i]It's not even per bank. It's per account style.

So, Bank 1. You set up a checking account in your name. You're protected up to $250k. You set up a savings account in your name, another $250k. You set up a joint checking account between you and your spouse, another $250k. You set up a joint savings account between you and your spouse, another $250k.

You could also set up single accounts for your spouse, both checking and savings to get $250k of protection two more times.

Bank reps can help you with this. I used to be one.[/i]

I have two checking accounts, a saving account, and an IRA at one bank. A teller told me that I was only protected to a total of $250,000 in the bank. My accountant, a CPA, told me the same thing. I guess that I should have discussed the matter with one of the branch executives, but I believed the teller and my accountant were knowledgeable on the topic.

Thanks for the information. I'm going to check it out when I have a chance. :-)
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