A few months ago I started selling kinky eBooks for the Kindle, and it's been great. I'm paying my rent doing something I enjoy! But tonight I read
, and it's scary as hell. Amazon is reportedly testing Kindle Unlimited, a service allowing readers to download unlimited books for a flat monthly fee. I've spent hours tonight trying to determine how this will affect self-publishers. Can anybody walk me through the likely scenarios, and talk me down from this panic attack?
I'm encountering all sorts of speculation
about what the KU will do to self-publisher royalties, but I'm hoping some calm, knowledgeable soul can give me a real idea about what Amazon is planning here, and what it means for indie types like me. I hear people grousing about how we're going to end up like musicians, getting 15 cent royalties, and it is genuinely terrifying.
Right now I'm earning 70% on each sale, and that's enough for me to survive. It's a nice, relatively stable amount, every month. But if those numbers take a steep drop, I will be in real trouble, real fast. Some people are speculating that self-publishers will earn the same amount we'd earn for borrowed books. I can't find anything on Amazon about the actual royalties for borrowed books. What freaking percentage of the cover price are we talking about, here?
I also worry that as a self-published erotica writer, Amazon is going to make it extra hard for me to earn a living. For instance, maybe their subscription service won't even list self-published erotica. So, that's one more worry to aggravate my ulcer.
Over and over again in my life, I've thrown myself at a career, started to make some real headway... and then the whole industry collapsed overnight and I had to crawl out of the wreckage. Is this that, yet again? As an eBook author, am I headed for yet another Epic Fail?