So...someone asked me if I was going to jump on the new Kindle Unlimited bandwagon, and I decided to share my opinion openly. And that opinion is? Since you have to put the book in Select, it's really no good for authors...or readers, in general. Sure, it's good for a select group of Kindle owners, but it's not good for the rest.
You see, Select requires you to sell the ebook NOWHERE else, not even
your own sale site. I'm sorry. KDP is ONE SITE. It's a big seller, but
cutting off all my other sale sites, including my own, where I make MUCH
more money per sale, is not going to happen. I tried it once...long
ago, and I proved it doesn't work well for me. What you gain from Select
does not make up for the lost distribution and sales percentages from
cutting off all your other sites. Hate to say it this way, but I have
two other distribution channels (BESIDES my home site) where I make more
money per sale than Amazon gives you. I have an established audience
who expect to purchase my books at certain sale sites. Forcing them to
all go somewhere some don't want to is counterproductive to me, and
cutting off other distribution is counterproductive as well. From that
POV, it is not good for authors/publishers to include themselves, in
general. It's okay if Amazon is all you do to sell, but if it's not...
Additionally, KDP is one format (well...two, since Mobi and PRC work
natively on most Kindle units, Amazon's format is just juiced up Mobi,
since they bought the Mobi platform, and PRC is just another form of
Mobi). I sell my books in 9 formats, to appeal to a wide range of
readers. All the numbers I have say there are three MUST-HAVE formats
that account for well over 90% of ebook sales (Mobi/PRC, ePub, and PDF).
The other forerunner is HTML, but I choose to offer the lesser-known
formats as well. If the book isn't available in ePub, PDF, or the lesser
formats, there are a lot of readers who simply will not buy it. In
fact, there are some who will purposefully pirate it, if it's not
available where they want to buy and in the format they want to buy it
Amazon's mindset seems to be... "If it's not available on
Amazon and isn't available in our native format (that we own), it's not
worth reading." I'm sorry, but I cannot agree. The point is to be
accessible to as many readers as I can, not to cut my chances of that
and cause readers to be disgruntled.
So...no, I will not be engaging in this service.