Kindle Library Update
Amazon launched its kindle lending library in November last year and is now reporting that in conjunction with its Direct Publishing scheme, independent authors are earning reasonable money via the lending of their books. At $1.70 per borrow, there’s some money to be made – albeit within the confines of the Amazon ecosystem. From readwriteweb:
Amazon says that total sales of titles in the KDP Select lending program grew faster than KDP titles that aren’t in the lending program, but they don’t say how much. But the $200,000 bonus to the KDP Select fund is a signal of optimism. The fund is divided between the authors each month depending on their percentage of total books borrowed. One author, Carolyn McCray, earned $8,250 from the fund in December.