Doesn’t anyone else see this?
Amazon is offering a new “service” called KDP select. Offer your books exclusively through Amazon’s KDP program and you get a shot at a pool of money if you follow the program perfectly and cut out EVERY other avenue of distribution. That pool of money is not all that large considering how many eBooks are available through Amazon.
Look…I am an unashamed capitalist. While that means that I believe in survival of the fittest, it also means that I believe in competition. This appears to be an attempt on the part of Amazon to eliminate the competition. They already own about 80% of the market, I guess they want more.
What happens when Smashwords goes away? What about Barnes and Noble? For all practical purposes, we have already lost Borders.
I LOVE Amazon and I have spent a fair amount of money with them. They are a GREAT story. I just don’t want them to be the only game left in town. It is true that most sales come from Amazon and their royalties are GREAT compared to some other options. But there are other companies like Smashwords offering the same royalties and more options. What happens when those other outlets die off?
Monopolies never work out well. It is not hard to look into the future and see 70% royalties being cut to 65% or less.
I know—a lot of authors are going to go for this gimmick. Indie and self pubbed authors tend too often to be desperate. I am not going to knock my fellow writers for going for this program. I will simply disagree with them.
The indie and self pub knock against the Big Six publishers is that they have for too long acted as gatekeepers. They dictated terms. Amazon changed that and it was a good thing. Now, it appears that Amazon is headed down that same road. When there is no threat to their domination of the eBook market, what will they do?
Do YOU want to depend on their benevolence once competition is eliminated?
I don’t. With my level of sales, Amazon could not care less. The same probably goes for you if you are an author. What they care about are the big names and the heaving mass of indie and self pub authors as a whole. What I do or don’t do means nothing and I realize that. Still, I am not going to be part of this.