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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
76year2

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 12:48 PM   in response to: clemlaw in response to: clemlaw
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Yea those rupees would do much good by the time the bank charges to convert them to dollars. I don't want to sell to those people anyway, why should I have to? If I pull my world wide rights will amazon still sell to them?
clemlaw

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 12:51 PM   in response to: scribblr in response to: scribblr
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I don't have to worry about the issue, and I don't remember the exact rules, but it's basically "per person". So if John Doe has $249,000, his wife Mary Doe has $249,000, and they have a joint checking account with $249,000, they are all treated separately. And I think adding different beneficiaries also separates them. So John Smith in trust for Son #1 counts as one, and John Smith in trust for Son #2 counts as another.

I'm not sure about John Smith having both a checking and savings account, but I think that's only insured up to a total of 250k.
clemlaw

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 12:53 PM   in response to: 76year2 in response to: 76year2
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You can refuse to sell to those people if you want. But I believe what you'll need to do is uncheck "worldwide", and then go through and check every country in the world other than India.

But while you're at it, I'm sure you can think of other groups of "those people" that you refuse to sell to.

What has Liechtenstein ever done for me? I'll be darned if I'm going to let those people buy my books. :-)
76year2

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 1:00 PM   in response to: martitalbott in response to: martitalbott
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That 'exclusive' point is what I don't like, and one more point, just think of all the e-mails and phone call's you are going to get from india, Your name and profile will be passed around. amaazon is really doing everyone a 'big' favor.
mike4128

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 1:08 PM   in response to: 29emma in response to: 29emma
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Don't jump on the 70% India compensation.

Keep it at 35%; as 90% of their population is poverty level.

"Volume exceeds margin."

Keep it low - and see where it goes.

Re-adjust as neccessary.

But for the moment.
therrimouse

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 1:22 PM   in response to: 29emma in response to: 29emma
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Yes, I read the message over twice to make sure it was right. It only refers to books already in KDP Select, which means the standard royalty rate remains the same Outside of it. I already think of how much money I would lose if I enroll the books in KDP Select, because I make more money selling through other ebook sellers. The chance that your book will be picked up to be read is just the same whether India is there or not.

No, this is merely another tactic to get you to lock in your title for three months and lose money in the process. There is no guarantee that anyone would pick up your title in the first place, and there are now so many books enrolled in the program that your chance of selling it is about the same.

There are too many disadvantages to offering your book for free even if KDP gives you money for each download.

I'll pass.
therrimouse

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 1:30 PM   in response to: notjohn in response to: notjohn
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[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.[/i]

S'okay. I'll just raise my prices again to make up the difference. I have books for sale now for less than half the print price. I could charge the max for all the titles and still not reach more than half. I don't care. I haven't made any money from Amazon in the last six months, so what the consumers don't know won't hurt them. Once they start seeing every ebook going for $9.99, they'll buy if they really want to read the books.

Personally, I don't really care what Amazon does, because no matter how low the prices are, not enough people are shopping for books in the first place.
76year2

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 1:34 PM   in response to: clemlaw in response to: clemlaw
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Ok I have to redo and upload my book's again since Amazon redone their site anyway. Some of them went back to an old copy and now have two covers in them.

And what I've named the people in a couple of books, just might give 'those' people an excuse to riot and kill some more people. So I'll try to leave out "those people" if I can.
29emma

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 1:51 PM   in response to: scribblr in response to: scribblr
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Yes, please do check. Especially since you have been told, possibly recently, that's it's per one bank.

Maybe it has changed in the past 10 years since I was doing this, I know the protection was $100k when I was, so maybe when it was upped to $250k it went from being per account style to per bank.

Most banking employees above a teller should know the rules. I know that I used to go over all the different options with people and get them different styles for each $100k they had, and that it worked.

But again, my info might be outdated, and also I never experienced a bank failure thank God.
notjohn

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 2:57 PM   in response to: clemlaw in response to: clemlaw
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[i]if John Doe has $249,000, his wife Mary Doe has $249,000, and they have a joint checking account with $249,000, they are all treated separately. [/i]

All at the same bank? No. They are each insured for $250,000.

They could however have a trust account. A trust is indeed a different person, sort of like the corporations that Joe Biden & Co get so upset about.

They could also be in seven different banks....
notjohn

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 3:00 PM   in response to: clemlaw in response to: clemlaw
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[i]What has Liechtenstein ever done for me? [/i]

Liechstensteinburghers get you 70 percent through the DE store. That's more than India does!

(I have a soft spot for Liechtenstein. I once walked through the country after midnight. I had to wake up the border guard on either side in order to get my passport stamped.)
artemisacorn

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 4:14 PM   in response to: notjohn in response to: notjohn
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A little note about traffic from India.

I received a coupon from FB for $50 in free advertising yesterday, so I took the bait and signed on with an ad for my book's FB page, which has a link to the Amazon page. I've had 120 new "likes" on my page today so far today, the vast majority of them coming from [b]India.[/b] I have seen no discernible change in my sales on Amazon today - perhaps a slight bump but small enough that it's too soon to tell if it's statistically significant. I switched to the 70% rate and dropped the price of the book in India to half of what it is in the States. It will be interesting to see if those FB "likes" translate to any actual movement in India. I have reason to believe that my genre is very popular in India, so we'll see.
christinefairch...

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Registered: 02/23/12
Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 5:03 PM   in response to: 29emma in response to: 29emma
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First of all, a lot of indie authors' books aren't showing up on the India site (I haven't checked mine--didn't know how to view the india site, so if you know the URL let me know).

AND, your genre matters. I write RomanticSuspense, which is unlikely to be a big seller in India. I also have it in ebook only, and ereaders are not huge yet in India. Not like Japan or UK, at least. Brazil and other S.American countries are the ones comming up on ereader purchases as I recall. Germany and Spain too.

So, despite the fact that my book is priced to be at the 70% royalty rate, I don't see any advantages.

The big concern among indie authors is whether this is the new direction of KDP Select controlling pricing by tiering the royalty rates. I doubt this, however, because KOBO is now offering 80% royalty rates, so Amazon must stay competitive. They do own the majority of the foreign market, however, so they already have a leg up on non-US sales, so.....who knows!

Regards,
Christine M. Fairchild
Sexy, edgy suspense: An Eye For Danger (http://amzn.com/B008QPZ8O4)
Free editing tips & tricks http://EditorDevil.blogspot.com
The Editor Devil's Guide to DIALOGUE (http://amzn.com/B007K1PZZC)
The Editor Devil's Guide to CHARACTERS (http://www.amzn.com/B007PTQKXA)
scribblr

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Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 6:29 PM   in response to: christinefairch... in response to: christinefairch...
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[i]First of all, a lot of indie authors' books aren't showing up on the India site (I haven't checked mine--didn't know how to view the india site, so if you know the URL let me know).[/i]

I've tried to find the site as well. There's a site called something like Junglee.com, which appears to the Indian site, but the only books are printed books. I've seen references to the India Kindle store, but been unable to find any separate store. I did find one obscure reference in a news article that said the India Kindle store is the U.S. store, but after the Amazon computer determines your location, it gives you all pricing in Rupees if you're in India. Sounded crazy, but it appears to be true.

Update: www.amazon.com/kindlestoreindia

Here's the link. When the page first builds, the prices are in Rupees, but look quick because they begin to change to dollars almost immediately.

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76year2

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Registered: 11/29/11
Re: FYI 70% Royalties in India now Available!
Posted: Sep 19, 2012 7:01 PM   in response to: scribblr in response to: scribblr
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I think they buy through the .com site there in India. That would seem like they moved their site there. And the way it's been screwed up----
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