How the Kindle Library Creates Bounce-Off

When Kindle launched its library in November 2011 it sent tremors of fear ricocheting throughout the public lending library system worldwide – even though it is only operative in the United States.

The rest of the world will follow soon.

Under Kindle Direct Publishing (KDP) Select, authors who agree to make their e-books exclusive to Amazon’s Kindle Store for 90 days are eligible to have their work added to the lending library program.

They also have the opportunity to earn from the $6 million fund set aside for self-publishers.

With the Kindle Owners’ Lending Library, customers with a $79 per year Amazon Prime membership and a Kindle device can borrow e-books for free. Users can only borrow one e-book per month, and one at a time. At launch there were about 5000 selections available but that amount has increased considerably over the past few weeks.

Self-published authors can submit anything from a single book to an entire catalogue.

For the month of December 2011 Amazon will contribute $500,000 to the royalty fund and the amount participating authors earn depends on their share of the total number of KDP books borrowed in the lending library.

Amazon state on their website, “For example, if total borrows of all participating KDP Select books are 100,000 in December and an author’s book was borrowed 1,500 times, they will earn $7,500 in additional royalties from KDP Select in December”.

Books in the lending library will also still be available for sale so authors can continue to earn regular royalty payments on top of KDP Select earnings.

Amazon also provides new promotional tools with KDP Select. Every 90 days, for example, authors have the opportunity to promote their books for free in order to get their name out there among the ever growing band of cyberspace bookworms.

It was to this very tool that I applied myself a few days ago and from which I personally experienced the Kindle bounce-off effect.

WHAT I DID…

After enrolling in KDP Select I decided on a gung-ho approach and committed my entire stock of 25 personally generated Kindle books to free download for 24 hours – including the 6 that were selling steadily. This smacks of complete lunacy and perhaps it might have been but I did it to…

1. Promote my brand to a much wider audience.
2. Stimulate interest in those titles that were still under-performing.
3. Bite the bullet and monitor during the giveaway day what happened to those that sold consistently.

WHAT RESULTED DURING THE NEXT 48 HOURS…

1. I had close on 1000 free downloads almost instantly.
2. I had 157 sales from titles that had not sold before.
3. I suffered 26 refunds on consistently selling titles that had been purchased the day before the free download episode.
4. I enjoyed 49 new sales on my consistently selling titles.
5. I discovered that I can sell more by creating mini-books out of stand-alone chapters in full length works of fiction.
6. I have started to write again – particularly as outlined in (5)
7. I now have the nucleus of my Kindle marketing plan for 2012.

What I lost on the swings was more than compensated for on the roundabouts.

NET RESULT

Huge increase on returns and royalty payments – and increasing daily…

MORAL

If you have a clutch of titles in your computer earning you nothing – get cracking and upload them to Kindle Direct Publishing.

Save Money on Books

Books are wonderful for entertaining yourself, expanding vocabulary, continuing your education or just collecting something beautiful, but books can be pricey. Here are some great ways to save money on books:

Buy Used Books: Books are expensive new. So why pay twice or three times as much for a book that’s only new until you walk out of the store? Chances are after you’ve read it once it will have the same wear-and-tear as it does straight off the shelf at a used book store. Besides used book stores try looking at thrift stores. Some have really good selections of books. You may even find valuable or rare old books at thrift store prices. If you’re buying text books you can save unthinkable amounts of money by buying them used.

Public Domain: After 70 years most books are no longer under copyright, thus a book can be legally copied and distributed at will. If you like to read old books and aren’t interested in collectibles you may want to try using a search engine like Google to find an online version for free.

Paperback Swap: There are a ton of book swapping websites out there but I think Paperback swap is the best. Book swaps are a great way to rotate your own library if you don’t tend to read books more than once. But don’t be fooled by the name, you get to keep the books unless you choose to relist them. Credits can be earned by sending your own books to another member or you can buy them. Then use them to buy books from other members.

Shop Online: What better way to shop around than to consult with the magic box of knowledge? There are tons of places to buy books online. Amazon, Half.com and Addall are a few of the most popular.

You probably already know that Amazon has new books at a discount price. But did you know if you click the little link that says “used and new from…” you can see books that other people have listed? These often start at one cent plus a standard shipping charge.

You can’t buy books directly from Addall but it is a great website for comparing prices from tens of thousands of booksellers. They have a wonderful search engine with as many or as few options as you want. The search results are very easy on the eye — not so complicated that you have to mentally sort everything.

Half.com brings together thousands of sellers into one easy website where you can search for almost any book you want and won’t be disappointed. It’s probably one of the best ways to shop for textbooks.

Library Book Sales: Your local library probably has sales from time to time. They may even have a shelf or a whole room that they keep open all the time. You can get some great books for next to nothing since they’re usually getting rid of duplicates or books that are rarely checked out.

Kindle: You may not own a Kindle but there’s a Kindle app for the iPod touch and iPhone. Kindle books are cheaper than real books and they’ll never wear out! If you like old books kindle is great; you can find whole collections of books that are in the public domain for free or next to nothing.

Borrow: If you have friends with similar taste swap books back and forth. Besides saving money it’s great to have someone to discuss a good book with! And of course there’s always the library.

Isn’t it wonderful to find great treasures at half price? The more you save the more you can buy within your budget!

Home Remodeling With A Home Library

The dream of having a home library is one that many of us harbor. Having a quite place of your own to read and relax with your books may be something that you have thought about for years. Of course, having a room that you can devote to a library might be a lot to ask. That’s why this idea is so divine.

Asking a spouse to allow you to have an entire room devoted to your love of literature might not be in the cards but relationships and home remodeling are all about compromise. You might even find that you don’t have enough books to fill a whole library anyhow. So, what about a library nook for starters? Is there a corner or a wall with a window where you could start your library nook or cubbie?

A nice double window where you could make a window seat or a corner that is underutilized might be the perfect spot for your home library. Look around the house and make a list of different spots that you wish to claim as your starter library. Sketch out plans for each of these locations before making a decision and discuss it with your partner. Get their input and thoughts on your plans.

Once you decide on a location for your new home library, measure the space and begin making plans for your remodeling project. Usually, a rough draft is required first and then deciding upon the height of shelves comes next. Keep in mind that you may wind up with some books that are taller than others. Of course, you might wish to make all your shelved the same height to maintain the uniform look of your library.

The great thing about this remodeling project is that most of the materials do no have to be of the highest quality. You can spend the better part of your remodeling budget on trim work and molding. You might want to use premium woods such as cherry or mahogany for the face of your bookcases and trim.

Be sure to save some money out of your budget for all the little things that you’re going to want to add to your new library nook. You may want to find a comfortable chair that suits you as well as a nice lamp to light your reading area. You might also want to spend a little time browsing for new books at a flea market or your local used bookstore. Complete your library with a small table for your tea and a warm blanket and you have heaven on earth.

You see, your dream library doesn’t have to be a dream. With a little planning, some understanding from your partner and a little work you can have the library of your dreams. It doesn’t have to encompass an entire room to begin with. You can start out small and gradually take over the room. Don’t tell you partner about your plan for room domination. That’s a secret between us. Now, get to work planning that library home remodeling project of your dreams.