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Writing from the Dark Side

Heh! I started out calling this blog post "Blogging from the Darkside" and then went to "Writing from the Darkside" and then went on to finally arrive at "Pubbing from the Darkside".  This little tidbit of information should be able to give you a little hint over what has been happening at the Oliver Homestead since I last posted.

Big News! I am part of a great collaboration with a collection of Writers who decided that if a romance book should be done, it should be done by us! Hence, the beginning of what is now know as Welcome to Serenity Harbor, Maine.

This is huge! This is ginormous! All of the books are set around the fictional coastal Maine town of Serenity Harbor. We didn't limit genre, only that their characters fall in love in Maine.

For me, this was a return to something that I love... well, yes... it was a return to writing. I've blogged a little bit about some of my struggles with illness that left with being unable to write for a whi…

Independent Publishing: Part 3: Amazon Kindle Continued

Disclaimer: This is part 3 of my Independent Publishing Series and Part 2 of my Epubbing through Amazon Kindle section. I've talked about the prep and I've talked about everything that goes along with it, including loading your baby up on the Amazon KDP Dashboard. In this post I'll talk about the second part of the Dashboard and I'll talk about the Reports tab on the Dashboard. If you haven't read the first post I'd suggest you start there at Independent Publishing: Show and Tell: Part 1. My reason for putting this information out there is to help anyone else looking to make their way through the process of publishing their work. I am not anti-Traditional publisher, in fact, this process has made me ever more aware of just how much they do and the time and effort involved in bringing a work of the imagination to the masses. If you have any questions I would urge you to take a look at some of the links listed on my Independent Publishing page and, as always, you can email me at Teagan@TeaganOliver.com and I will try to help or point you in the direction of help. And, as I've said before... What I don't know could fill a book, but I still might be able to lead you in a direction where you can find your answer.




Amazon KDP (Kindle Direct Publishing) Page 2 -

Rights and Pricing:
Verifying Your Publishing Territory:
Note: If this is a work that was previously published or you have retained certain rights for your work, please review your rights to make certain where those rights pertain to for publishing. This will make this next step easier.

If this is a new work that has never before been published through any outlet and you own all rights to your work then it is here that you would publish your work as "Worldwide Rights - All Territories". This says that the current work will be published in all the territories that Amazon currently publishes.

There are some authors that I've heard from who retained the rights to publish outside the US. Their book may still be available from their publisher, but they have permission to seek publication outside the United States. If this is the case then you would publish your work under "Individual Territories" and pick the territories you rights to publish.

Now comes the big one...
Choose Your Royalty:
You would think this would be an easy question to answer. After all, they give you the choice of 35% and 70% royalties. But how do you decide which royalty?
 
If you work is between $2.99 and $9.99 for the US Market, your work will automatically receive the 70% royalty rate. Any price below $2.99 will be automatically enrolled for the 35% royalty. If you try to choose the 70% royalty on a book under the minimum price it will give you a warning and disallow this choice. 

Once you've chosen the price... In this case, we'll say that you chose to publish your work for $2.99. This price would be entered under the "amazon.com" box. Once you hit enter it will automatically calculate the amount of royalty you will receive on each purchase at the $2.99 price.

Note: There is a .01 delivery cost that is assigned to each book that is delivered at a price between the $2.99 and $9.99 price points. This does not pertain to any book under the $2.99 price.

Once you've put in your price for publishing on Amazon.com you can either check the boxes on the other Amazon venues to have the US price translated into their currency or you can set the price for each individual venue. I'd suggest that unless you have a really good idea of the market for each venue then it's best to let Amazon do the figuring and make the calculations for you.

Amazon has a few notes of their own when it comes to setting international prices. I've listed part of them below, but please see the site for more information. (This comes directly from the dashboard)
  • EUR and GBP list prices that are set automatically based on your US Dollar list price are converted using the exchange rates in effect on the date that they were initially calculated. If the converted list price would be outside of the minimum or maximum list price we accept for the currency, your list price will be converted so that it is equal to the applicable minimum or maximum list price for that currency. List prices automatically set for your existing books are displayed in the above table.  
  • The list price you provide is VAT-EXCLUSIVE. The VAT we will add for sales to customers in EU countries from our EU Kindle Stores will be 3%. VAT rates, where applicable, vary for other countries.

 The last piece of the publishing puzzle for getting your work listed is to pick whether you want to allow "Kindle Lending" of your work. This is part of the "Kindle Book Lending" program and there is more information on this on their site. Basically, if the user is part of the Kindle Book Lending program they can choose to share your work with anyone for 14 days.
 
YEAH! You've made it through the initial uploading process for getting your work into Kindle's listing. There is the requisite acknowledgement of Terms and Conditions. I'd suggest that you read through them thoroughly before choosing to publish on Kindle (or anywhere else for that matter). But once you've acknowledge the T&C you can go ahead and hit "SAVE AND PUBLISH".
 
Now take a deep breath! It's a big thing you've done. You've just put that work out for sale. You've labored over it and polished it and made it your own and now you need to push it out of the nest and see if it will fly. But you will have to wait about 24 hours for it to go live on Kindle. Once it does you can sell, sell, sell.
 
KDP Reports Tab
I really wanted to touch on this because it will be the most visited tab on your dashboard. It's here that you will see your daily and monthly sales totals. You can look up your royalty accumulations and get reports for your files. You can also check to see how you are doing at the other Amazon venues through the small drop down menu. Warning: It can become highly addictive to look at these figures. But it's your best indication of how your work is doing. There are times when the reporting is slow, but usually within a day or so the sales will show up on your reports.
 
Next time: I'm going to talk about marketing that book your just uploaded to Amazon. After that, I'll begin touching on Smashwords and Barnes and Noble and anything else that I can think of that may be of use to you.
 
As always, if you have any question and you can't find the answer here or through one of the references I've listed on my Independent Publishing page you can contact me at Teagan@TeaganOliver.com and I will do my best to answer your questions or at the very least... point you in the right direction.
 

 

Comments

Nina Pierce said…
One clarification Teagan ... if you price your book $2.99 or above you can choose either 70% or 35% royalty.

Why is this significant?

If you put your book on sale at another venue and Amazon price matches then the royalty rate comes into effect.

If you've chosen the lower royalty rate, then Amazon will pay 35% of ORIGINAL price (or $1.05 of an original $2.99 book)

If you've chosen the higher rate, then Amazon will pay you 70% of SALE price (or $.70 on a $.99 cent sale price).

Hope that made sense.
Teagan Oliver said…
Thank you for pointing it out. It was on my list of things to mention, but I think doing the FAFSA drained my brain last night before I wrote the post. Anyway, you clarified it much better than I would. Would you suggest going with the higher or lower royalty rate? I see the value of it while under the select program, but after the 3 month program has ended and you load to other sites this would come into play.
Teagan Oliver said…
I would also add for anyone who doesn't know that Amazon sends out crawlers looking for price differences on other sites. Sometimes it works. Sometimes it doesn't. Correct me if I'm wrong, but I think it was you Nina that had a problem getting the price to be matched at a lower rate and ended up going through hoops to get it changed?
Diane said…
Very informative column, Teagan. Nina you're a fountain of information!!! I didn't know that about the royalty rate.

Diane
Nina Pierce said…
If the book is enrolled in the Select program definitely choose the 70% royalty rate.

Amazon is still price matching free books at other venues. It's not so much jumping through hoops as it is patience. They don't want to price match a free book (though eventually they'll do it), but sale prices at other retailers are picked up quickly.
Teagan Oliver said…
Thanks Nina, this is exactly the kind of information that needs to get out to people who are just starting out. A lot of it is stuff that has been passed along by great people (just like you!) and the other part is trial and error. I'm working on promotional days stuff and I'm fully prepared for the first "free" day to be a flop. But I'm sure I'll learn something from it. It certainly can't hurt me.
Diane said…
When an author offers their book for free, a book that was originally $2.99, does the author have to pay the delivery cost for the free books???

Thanks!

Diane

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