Authors who self-publish on Amazon through KDP get a 70% royalty on books priced between $2.99 and $9.99, and a 35% royalty on books priced higher or lower than that, regardless of whether they participate in KDP Select. That means the more you sell your book for, the more you make.
In addition to royalties, KDP authors also get benefits such as free distribution through KDP Select and free marketing opportunities through KDP Ads. These are all explained in detail in your account when you first create an author profile. There's also guidance on how to improve your book's chances of being selected for review.
Self-published authors earn an average of $7,000 per book, with the most successful making $50,000 or more. However, because only 1% of books published each year become bestsellers, it takes many years to reach the top of the charts.
According to a study by BookBoon, 64% of self-published titles generate less than $10,000 per year, while 16% attract between $10,000 and $30,000. Only 8% of self-published books earn more than $30,000.
Books that score well with readers tend to be popular topics with broad appeal.
Kindle Unlimited is key to Amazon's strategy—and writers' remuneration. That means it's in an author's interest to keep their books below $9.99 so they can collect all the royalty money.
Now, it's true that not every book sold on Kindle earns its author any money, but those that do will usually find themselves with more than they did before they started writing.
The way Amazon calculates royalties you'll earn on books you've published through them is called "volume licensing". This means that as long as your book sells enough copies to be relevant to Amazon's overall sales, they will send you a check every time someone buys one of your books.
So, yes, authors can make good money publishing on Kindle if they write books that sell well.
Authors receive royalties ranging from 35% to 70% of the selling price, depending on whether the book is published through KDP or another Amazon program called KDP Select (more about that below). Amazon takes a percentage of each sale as a service fee which is equal to its service cost for processing payments and shipping books.
Amazon's author fee policy has changed over time. It used to be a flat rate based on number of copies sold, but starting in 2011 it was changed to be dependent on how much Amazon charges publishers for print books. For example, if a publisher wants to sell 1 million copies at $15 per copy, that would result in an author fee of $30 million. If however, the same publisher wanted to sell 5 million copies at $3 per copy, that would result in only $150 million being paid to authors.
As you can see, there are significant incentives for publishers to move their titles into categories with lower royalty rates. In addition, there are also incentives to keep prices low since the more a book sells for, the higher its royalty rate becomes. Finally, there are also incentives to use other distribution channels besides Amazon since they will not take over the publishing business like KDP does.
Furthermore, unless the author enrolls the book in the KDP Select Program, Amazon will only pay 35 percent royalties on eBook sales to specific countries (KDP stands for Kindle Direct Publishing, and the website is www.kdp.amazon.com). Amazon also charges an electronic delivery fee for books having a royalty rate of 70% or above.
If you opt not to join the KDP Select program, your royalty rate will be between 15-20%.
In conclusion, the income from eBook sales depends on many factors such as price, market availability and popularity of the book etc. However, assuming that you are able to generate some sales, you will probably earn something from this activity.
The KU payment for a 400-page book is $1.86. The royalty fee is $6.99 if I sell it for $9.99. The author's compensation on Kindle Unlimited may be significantly smaller. However, you must strike a balance between the compensation and the visibility. If you can't make any money, then nobody will want to read your work.
The KU payment for a 100-page book is $3.50. The royalty rate is $0.95 if I sell it for $4.99.
The KU payment for a 20-page book is $7.50. The royalty rate is $1.90 if I sell it for $29.99.
Kindle Unlimited pays per page view. So the more people that click on your story to find out what happens, the more money you make.
Here are some examples of how much you might make through Kindle Unlimited:
$10,000 for a single novel or short story that sells about 4,500 copies at $9.99. It would need to be one of the best novels ever written to make such a salary.
$15,000 for a single novel or short story that sells about 7,500 copies at $4.99.
Self-publishing on Amazon is also worthwhile if you can leverage the hits and views generated by your eBook to fund another enterprise. The highest-paid Amazon writers have a series of novels that they have worked on for years. In addition, the highest-paid authors on Amazon KDP are typically fiction writers. Nonfiction writers tend to make less money per book but have more opportunities for advancement within Amazon.
Furthermore, Amazon offers an array of other services that may not be apparent from just reading about them in the Kindle FAQ section of their website. For example, Amazon provides a variety of free tools and services that can help authors market their books including the Amazon Author Central page, Free Book Promotions, and more.
In conclusion, self-publishing on Amazon is both affordable and efficient. With so many different options available today, why would anyone want to hire someone else to publish their work? The only true way to find out is to try it for yourself!
Estimate eBook Royalties If your eBook costs between $2.99 and $9.99, Amazon will pay you 70% of the retail price as a royalty. If your book is priced between $0.01 and $2.98, or more than $9.99, you will receive 35% royalties. You will also earn 70% of the list price as long as someone buys it within 12 months.
Thus, if your book sells for $20 then you will earn $14.00 per copy sold (70% of $20).
If your book sells for less than $20 then you will need to calculate its wholesale value, which is the amount you can sell it for. You can find out how much an eBook costs by looking at the prices listed on Amazon.com.
Then use this formula: 70% of the retail price equals the royalty rate. Multiply the royalty rate by the wholesale price of your book to determine how much you should be paid. For example, if your book's wholesale price is $15.00 and it earns 50 cents on each sale, you would receive $10.50 per copy sold.
Of course, these are only estimates. The final price may differ from what you calculated and the number of copies sold might not be enough to make any money at all. But this should give you an idea of how much authors make on eBook sales.