The title of is this post is possibly enigmatic to most, but to anyone who has a book or books signed up on Kindle Unlimited, the reference is clear.
What’s a page-read? What’s Kindle Unlimited?
Okay. For those who don’t know already: when you publish an eBook on Amazon, you have the option of signing it up with Kindle Unlimited. That means Kindle Unlimited subscribers—for a ten dollar monthly fee—can download and read your book for free, (as well as all the other eBooks signed up with Kindle Unlimited) and you, the author, receive a payment for each page read.
Yes, they can keep track. No, you probably don’t want to think too hard about that.
How much per page? Amazon sets a new rate every month, but then it also adds a certain amount from the Kindle Direct Publishing Select Global Fund (which—if I understand it correctly— is based on the total number of pages read of all KU books by all KU subscribers.) Bottom line? It varies slightly from month to month, but as a ballpark figure, I assume about 45% of a penny per page. And, KU is actually fairly generous in the way it counts page reads. My book Spark runs 345 pages in paperback. KU counts it as 408 pages. (For the record, a complete read of Spark on KU earns me about $1.80. Selling the ebook earns me about $2 in royalties.)
One important rule: if your ebook is signed up for Kindle Unlimited, it must be exclusive to Amazon. You cannot sell it on Kobo or Barnes and Noble or Smashwords or anywhere else. For many authors, this is a deal breaker. It’s also the reason why most actual publishers do not use it. They don’t want to cut off any potential sales avenues.
In practice, KU is made for independent publishers. And while exclusivity may be distasteful for some authors, most ebooks sold in the global marketplace are sold through Amazon. (I heard 70% somewhere, but don’t ask me to back that up.) Personally, I didn’t find it a difficult decision. I am happy to have my independent titles on KU.
Being signed up with KU also allows you to run promotions, including making the book free for up to five days out of every ninety. If you promote your giveaway, you can end up with thousands of downloads. Both times I’ve given Spark away, I’ve topped 3,000 downloads. This may not seem like anything to crow about, (and I’ll address that question further on). But let me just focus first on the immediate results of that kind of giveaway. Both times, it has resulted in a small sales spike after the giveaway. (Very small in real numbers. The first time I think I sold 12 copies, the second time only eight. But compared to my normal sales, which can include months of goose eggs, it’s a spike.)
In addition, giveaways get me page-reads on KU. Faced with a temporarily free ebook, some subscribers choose to download it through KU rather than downloading it for free. It makes no difference to them, I suppose. It’s free either way. But it makes a big difference for the author. During the month following my last giveaway, I topped 10,000 page-reads. This is roughly equivalent to 25 people reading my book all the way through. It also means I made about $45 in royalties.
Now just for a bracing dose of reality, I know most of the 3000 people who download my book onto their Kindle or their cell phone are NOT going to read it. A lot of those folks have hundreds of free books stored up on their devices, and they keep adding new ones, which probably only serves to bump the older books lower on the priority list (newer books are shinier books). The only reads that we can be sure of are the ones that come through KU and the ones that leave a review, or at least a rating, on Amazon or Goodreads.
My giveaways have generated a few reviews on Amazon and some ratings on Goodreads, but very few. Reviews are rare enough anyway, but I think they are even rarer for readers who download the books for free. I had a review of Flight of the Wren after my last giveaway of that book—a terrific review—that actually said:
“This is a great book! Usually I don’t write reviews for the free/cheap books I get from the various email groups because they are not usually worth reviewing.”
It’s just human nature, I guess. We tend to value things in direct relation to the price we pay for them, and we sometimes assume that free stuff is free because nobody would pay for it. So the whole giveaway thing is not an unqualified positive. Sure, I would prefer it if people were buying the books and lavishing me with reviews, but that ain’t happening. At least this way, there are people reading the books. Some of those people are going to like them and will maybe read the next one.
Some of them might even pay real money for the privilege. Crazy, I know, but it could happen.