Comments for StephenPaine.Net - Web Solutions for Small Business | Charlotte Area, NC http://www.stephenpaine.net Management Consulting Services : WordPress : SEO : Content Writing and Strategy Thu, 26 Jan 2012 14:51:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on Amazon Kindle Owners Direct Publishing Select (KDP Select) Lending Library Review by Dale Copps http://www.stephenpaine.net/amazon-kindle-owners-direct-publishing-select-kdp-select-lending-library-review/#comment-34 Dale Copps Thu, 26 Jan 2012 14:51:23 +0000 http://www.stephenpaine.net/?p=164#comment-34 "Right now no one knows if it’s a good deal or bad deal but at least it’s something." Ah, but we do know now (if we are to believe Amazon's figures for the first month). 295,000 items were borrowed in December (by 295,000 separate Prime customers, since you can only check out one a month) and the authors earned $1.70 for each loan. I know at least one very happy self-published author, and since the start of the second month, the KOLL title list has expanded by about 1,000 books a day, from 70,000 in December to over 90,000 today. And Amazon has increased its pot of money for January by 40% to $700,000. The bandwagon is getting crowded, but not nearly so crowded as I predict it will become when authors affiliated with mainstream publishers who are eager to get paid for loans as well as sales either 1) pressure their publishers to climb aboard, or 2) abandon their publishers altogether. So, publishers, get smart. eBooks are for lending as much as they are for selling, and there are fortunes to be made in the process, as these eReading devices bring about a renaissance in reading. I am happy to see at least <a href="http://www.libraryideas.com/freading.html" rel="nofollow">one commercial effort</a> is afoot to bring KOLL-type eBook lending practices to public libraries. For more on the issue of eBook lending, see The End of Libraries http://alltogethernow.org/showtag.php?currid=85 “Right now no one knows if it’s a good deal or bad deal but at least it’s something.”

Ah, but we do know now (if we are to believe Amazon’s figures for the first month). 295,000 items were borrowed in December (by 295,000 separate Prime customers, since you can only check out one a month) and the authors earned $1.70 for each loan. I know at least one very happy self-published author, and since the start of the second month, the KOLL title list has expanded by about 1,000 books a day, from 70,000 in December to over 90,000 today. And Amazon has increased its pot of money for January by 40% to $700,000.

The bandwagon is getting crowded, but not nearly so crowded as I predict it will become when authors affiliated with mainstream publishers who are eager to get paid for loans as well as sales either 1) pressure their publishers to climb aboard, or 2) abandon their publishers altogether.

So, publishers, get smart. eBooks are for lending as much as they are for selling, and there are fortunes to be made in the process, as these eReading devices bring about a renaissance in reading. I am happy to see at least one commercial effort is afoot to bring KOLL-type eBook lending practices to public libraries.

For more on the issue of eBook lending, see
The End of Libraries
http://alltogethernow.org/showtag.php?currid=85

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