Amazon Kindle Unlimited royalties to authors will take a whack!
Amazon Kindle Unlimited has announced that it will charge $3.00 for Amazon Kindle Unlimited membership for Indian customers.
As we’ve expanded KU to more countries, a number of the program’s elements – such as exchange rates, customer reading behavior, and local subscription pricing – now vary substantially by marketplace, making it clear that a ‘one size fits all’ approach won’t work. As just one example, we recently launched KU in India with a local subscription price of ₹199 ($3.00) per month. As a result, starting with the November fund, we will work to take these marketplace differences into account and payouts per country will differ based on local country factors.
Let me repeat that again. $3.00 per month for Kindle Unlimited!
That’s less than the average price for one ebook!
Ok, so $9.99 was a minimal line in the sand for authors to make a return on Amazon Kindle Unlimited borrow earnings.
But how in the name of sanity can authors expect to earn anything more than peanuts with a subscription fee of $3.00?
At $9.99, authors make around a half a cent a page. But at $3.00, it will have to mean less that 0.002 cents per page. If that is not close to nothing, I don’t know what is.
Sure, the Indian market is a lot different to the US or UK market, and India has a LOT of readers, but at $3.00 per month, where is Kindle Unlimited ebook subscription heading?
Will we have $0.99 monthly membership for Amazon Kindle Unlimited in Zimbabwe because they can’t afford anything more? Australia is having it tough in the mining industry at the moment, with plenty of people losing their jobs, so why not reduce Amazon Kindle Unlimited membership for them to say $4.99.
I mean, they are becoming unemployed quite quickly, so they will have plenty of time to read.
I’m lucky to live in Switzerland, where the living wage is more than three times that of the US, so should I pay $29.99 per month for Amazon Kindle Unlimited membership?
Authors would be happy, though, because they would probably earn one and a half cents a page from my reading.
To return to sanity now, though, $9.99 per month for Amazon Kindle Unlimited is on the very limit of a subscription model that can reward authors with any degree of fairness.
But at $3.00? Well, do your own maths.
I wrote recently that The Self-Publishing Train Wreck Is Upon Us, but really, with this announcement from Amazon Kindle Unlimited, perhaps the train wreck is turning into the great self-publishing author train robbery.
What comes next?
Amazon Kindle Unlimited subscriptions based on the Bhutan Gross National Happiness Index?
Then readers could have their Amazon Kindle Unlimited subscription for free, because they would be very exceedingly happy.
Give me a break.