Wow! This post by Mark Coker of Smashwords lets all us indie authors on some very disturbing news – basically the devaluation of an already inexpensive way to read your book.
Amazon is decreasing the fee needed for readers to get into their book subscription service: Kindle Unlimited. Now in India, it has cut the cost of this service from $9.99 to $3! with hints of doing the same in other countries.
Read Marks post and see how some readers are responding. It is sad but not to surprising. And Mark gives us all a way to change this. Please read on!
Have you heard about this new offering from Amazon. I have to agree with Mark here and just like KDP Select limits Indies options, so does this program. I like that KDP Select lets you opt out after a certain amount of time. I used it for one of my ebooks and opted out when I allowed to by the program. I think most authors do this. I don’t want to sell my book exclusively to anyone.
I have not gone into the details of this subscription service, but since it requires you to be in KDP Select to be a part of it, I’d read the fine print before I jumped into that boat as an author. As a reader, I don’t read on my nook enough to subscribe to any ebook subscription service, but that’s just me.
Smashwords: Is Kindle Unlimited Bad for Authors?.