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Old 04-21-2012, 05:27 PM   #22
kennyc
The Dank Side of the Moon
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Posts: 35,904
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Join Date: Sep 2009
Location: Denver, CO
Device: Kindle2; Kindle Fire
Quote:
Originally Posted by ApK View Post
You get paid for the lending based on some formula share. That "$0.00 for Prime members" offering is a pretty decent grabber, and by all estimations there is a pretty decent number of Kindle-owning Prime members out there.
From a recent announcement (results for last month):

"Hello!

More great news to share with you: With the $600,000 March fund, KDP Select-enrolled authors earned $2.18 per borrow.

From our recent press release:

"Every time a customer borrowed an independently-published book in March, the author earned $2.18. That’s more than many authors earn when their books are sold,” said Russ Grandinetti, Vice President of Kindle Content.
"
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