It’s no secret that I’ve been upbeat about Kindle Unlimited since I first heard about it. I still like it. Mostly. But over the past few weeks I’ve been cooling on the idea and I need to figure out if my thoughts are because of the big selling authors like Konrath and HM Ward leaving and I’ve been influenced by their posts, or if it’s because it really isn’t working so well for me.
The main argument that the popular authors are making is that KU is cannibalising paid sales. HM Ward reported that her revenue was down around 75%. That’s a big fall, if it’s true, and rather concerning.
My revenue is up.
I’m doing better than I have for a while. So far I attributed this to the borrows I was getting which are healthy (no I’m not near All Star status), but I’m starting to question that. Perhaps it isn’t KU so much, but instead the new releases that I’ve released over the past few months. Releases that are doing modestly well for me compared to my older catalog.
And maybe, just maybe, if I went wide with the new books I’d do even better than being exclusive to Amazon, and the people that are borrowing would buy them instead.
I don’t know.
How could I without experimenting?
About half of my Select catalog expires mid January. I’m seriously considering putting them back on the other stores. Well, most of them anyway. The novels certainly. Probably not the shorts, they can stay in KU. The novellas? I’m still undecided about.
It’s a tough call because I still don’t know exactly what is increasing my revenue: KU or the new books? Probably a bit of both. But there is only one way to find out and that’s to slowly start taking out books once their select terms are up and seeing what impact that has on sales both on Amazon and at other stores.
If I do it gradually I’ll be able to monitor the results so that I don’t make any rash decisions (like pulling all my books in July and dumping them all in KU without another thought. (me impulsive?)).
2015 is sure going to be interesting.
P.S. My 2014 Wrap Up / 2015 Goals post is coming next week.