Quote:
Originally Posted by Authorfriendly
Can anyone tell me the latest on whether the Lending Library has any advantages and if so, what? If you give up sales it doesnt seem like a plan..
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" The advantages with KDP Select (Amazon's program for books available nowhere else), are:
1. You can make your book available for free for up to 5 days every 90-day period. Some authors find this to be a useful promotional tool, boosting sales for a couple of weeks after the free period. Others are worried that readers will not buy their book and just wait for a free day.
2. Your book is added to the Kindle Owners' Lending Library. People who are members of Amazon's "Prime" program get free two-day shipping on their purchases, some free MP3 downloads, some free video streaming, and they can borrow one book per month from the KOLL. If your book is borrowed, you get about $2 for it (price varies)."
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There are threads here about it, blog posts around the net, and so on. In general the legal terms of that deal are HORRIBLE for authors. I personally can not understand why anyone would agree to the contract. I just have to assume they did not read or did not understand the implications of it. Check around and educate yourself before you sign your books away. I also have to assume that the bigger name authors that use it have different terms then us peons due to their lawyers/etc protecting them.