Monday, December 12, 2011
Amazon's New Deal
Amazon has just opened up its Amazon Prime Lending Program to indie authors, providing they go exclusive with Amazon for at least 90 days. Amazon Prime members will be able to borrow the book for an unlimited amount of time. In return, the authors split a pool of money ($500,000 per month) for every qualified borrow of their book. This is tempting to indy authors for a couple of reasons. If the pool of borrowers is small, having your book part of the program could be lucrative. Alternately, if many people use the borrowing program, there is a chance for great exposure.
I won't be enrolling in this new program for the foreseeable future. I would not remove a book already published from another retailer so that it could be available exclusively at Amazon. All of the books I have coming out soon are parts of series that have already been published. I wouldn't feel right making them unavailable to readers at B&N or iBooks who have been waiting for sequels. In addition, there are a lot of caveats in the publishing agreement at Amazon, and I can't see slogging through it.
So, the long and the short of it is, you will continue to find my books availble wherever fine ebooks are sold.