Amazon.com is changing our way to access books. First it started with low prices on printed books. Then it gives the writers especially the Indie writers the ability to publish books at virtually no start-up cost. Most books in the their program are sold less than $10. Now, it is the Kindle Unlimited. It will eat into the profits of some book writers when the consumer borrows updated books instead of buying them.
If you enjoy books, try out the free 30-day trial and $10 per month afterwards.
I
have written about 20 Kindle books, 20 concise editions (abstracts from
the 20 books) and then 40 paperbacks (20 Kindle + 20 concise). Most are
in investing and most are now derived from the Art of Investing.
Kindle
Unlimited has more holes than Swiss cheese. You can help me to make
some money (I promise to give the extra to the poor) by borrowing 10 of
my books and returning them with or reading them 10% (just hit the next page key faster) and borrowing
another 10 again. Repeat the process until I'm a millionaire!
It will discourage folks from buying Kindle books. Actually it is good for me even I do it more for fun and killing time.
The
Art of Investing is over 600 pages. The reader will borrow it again or
just buy it for $10 as it takes too much time to learn and you need to
reference it.
Some
of my concise versions are only $3 and it will net me $2.1 for royalty
for each sold book (far less during promotions). The borrow royalty is
about $2 (last month it was $1.81) per borrow. It is the same royalty
for my 600-page book or my 40-page concise version. Now, quantity counts
and not the size especially those books ranging in 250 pages especially
those books with no reference value.
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