The dust for Kindle Unlimited changing their author paying structure is beginning to settle. That is until the first round of payments under the new system comes out then it will fly back up again.
No doubt this will change things for authors. It has for me a little. For those who may be unaware Amazon is moving from a flat pay out per borrow to paying the author per page read.
Here is what I thought about when I read that news in my inbox.
The Guardian, I believe it was, somehow figured up that THE most read through book was only read through 83%. Well, it sounds right to me.
Everyone is running to the bomb shelters because what was a haven for indie writers and short stories is perceived as drying up suddenly. While those writers of epic tomes are throwing parties believing that their 500 page fantasy novel will reap huge payouts. Some are claiming victory over the idea that shorts should never had made as much as a full length novel rivaling The Stand’s page count.
I’m gonna call BS on some of this make a few predictions.
First, I’m pretty sure Kindle and Kindle Unlimited never made money for the company. Now, I’m not faulting business. If it were me, I’d want to make money. So, I am predicting that in the end after some adjustment time, this new system will come out to where most authors earn less than the 1.35 (give or take) that we have been earning per borrow. It will shock me if it is otherwise. Seriously. Eventually, Amazon, you gotta get out of the red.
Second, just because someone writes 500 pages, doesn’t mean that I am going to read them. To be perfectly honest, I’ll skip pages in a heartbeat. Seeing the read through percentage above, I know I’m not alone.
What does it really mean if authors are to thrive on KU?
KU will reward authors who write very engaging stories and I do mean every freaking page. Authors who do mystery, thrillers, mainstream romance, and such will do very well.
Longer really won’t mean better in this instance. If you write an action packed 500 pages, eh, the reader will eventually get bored or be so stressed they put the book down. I’m convinced readers today have shorter attention spans and desire to finish a story sooner. Genre does come into account. I’m also directing my prediction to the mass audience. The majority of every day readers. I’ve found myself drawn to shorter stories these days. They are very fulfilling. If I see a page count over 300, I start to lose interest.
With that said, Serials and Series are still alive in my prediction. The catch is they have to be engaging. The story is still the same page length after all. Following up with the next installment will come into play. We can’t wait too long.
Non-Fiction could do very well as it always has with Amazon. We feel we need the information in Non-fiction. It still can’t be boring though and it must at least put on an air of usefulness.
KU will undergo a shuffle as authors reorient themselves. It’ll undergo another shuffle about 3-6 months from now as authors realize it is or isn’t their best interest to be in KU.
What does this mean for me and a few of my experiments?
I’m skipping my first experiment. I was going to upload several shorts to KU and report back with results. Instead, I’ll be pulling my shorts from KU. I am doubting it is the best venue for me to do my experiments right now. It is too volatile. I may leave one or two in there just to see what happens.
I’m coming up with Experiment B now.
I’m attempting novella length stories and still going through with my shorts. I’ll eagerly await other authors reporting their incomes from the new KU. In the meantime, I’ll be deciding venues.
I’m not upset with this too much, despite my pen names taking a hit. This new set up rewards authors for doing what we would naturally want if we were passionate writers. We want a story that sucks readers in and doesn’t let them go. We want their attention and we don’t want to bore them.
And I’m considering tutoring under Patterson. That man would rock KU.
How about you? Any KU predictions? Concerns?