Sales Down the Crapper! Yet Another Reason to Reconsider Self-Publishing

OMG! Sales are Going to Hell!!!
Amazon is screwing its Kindle customers with a sudden change in pricing that allows customers to pay an all-you-can read sum of ten bucks per month for the privilege of reading tens of thousands of self-published and commercially published books. As a result, monthly revenues to the ever-swelling mob of the self-published have decreased dramatically.

From an article at the NYT:
Holly Ward, who writes romances under the name H.M. Ward, has much the same complaint about Kindle Unlimited. After two months in the program, she said, her income dropped 75 percent. “I couldn’t wait and watch things plummet further,” she said on a Kindle discussion board. She immediately left the program. Kindle Unlimited is not mandatory, but writers fear that if they do not participate, their books will not be promoted.

Ms. Ward, 37, started self-publishing in 2011 with “Demon Kissed,” a paranormal tale for teenagers, and quickly became one of Amazon’s breakout successes, selling more than six million books, according to her website. She said in an interview that she does not understand what her partner Amazon is thinking.

"Your rabid romance reader who was buying $100 worth of books a week and funneling $5,200 into Amazon per year is now generating less than $120 a year,” she said. “The revenue is just lost. That doesn’t work well for Amazon or the writers.”

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