The always-innovative Amazon has several new programs, with each tailored to make either readers, writers, or bookstores happy. Yes, I said bookstores, so read on.
Gayle mentioned this program yesterday, but it’s worth looking at again. Kindle Countdown Deals allows authors to discount their books to as low as $.99 for a set period of time, but pays a full 70% royalty, even at that price. (Normally a $.99 book earns only a 35% royalty). With the higher royalty, more authors will offer books at the low price, so it’s good for readers too.
Amazon also features those discounted books on a special webpage so readers can find them and know how long the discounted price will continue. It’ll be interesting to see what kind of effect the promotions have on future sales. Note: The program is only available to books that have been in the Select program for 30 days.
Another new program called Amazon Source allows indie bookstores to profit from the cultural shift toward e-reading. Here are the basic options for bookstores:
- Sell any Kindle device at a 6% margin (or less, should a store decide to discount), any Kindle accessory at a 35% margin and get 10% of all subsequent ebook sales on sold devices.
- Sell any Kindle device at a 9% margin (or less with discounting), any Kindle accessory at a 35% margin and get no part of ebook sales.
I’m hoping bookstores will get on board, increase their profitability, and lose some of their hostility toward Amazon.
Amazon also has two new programs designed for readers. Kindle Matchbook launched a month ago and allows publishers and authors to offer readers a discounted (or free) ebook version when readers buy the print book. Readers have been asking for this all along, and it’s a great idea, even if overdue. Those who participate will build reader loyalty.
A fourth new program for readers and writers is launching in December, but I’m sworn to secrecy so you’ll just have to wait for the details.
What do you think? Will the Source program lure bookstores to participate? Writers: Have you participated in any of these yet?