Now that you have decided to self publish your next book, you have to decide whether you want to work with the Amazon owned KDP program exclusively or you want to keep the option of working with other marketplaces open.
Here are some benefits of working exclusively with KDP:
- You earn a share of the KDP Select Global Fund which usually runs in millions
When readers read more than 10% or more of your book, borrow it from KOLL (kindle owners lending library), you earn a little something extra.
- You get access to two promotional tools namely the Kindle Countdown Deals and Free Book Promotion
Using this tool, you can make your book available for free for a limited period of time. This is good for getting exposure to the book. This not only works in the US, but in other countries too and you still get paid for it based on a formula.
- Amazon allows you to schedule your price changes with ease so you do not have to login time and again
Other platforms are not so easy to use, and do not offer so many promotional tools and offers.
Here are some of the drawbacks of working with KDP exclusively:
- Amazon is one of the biggest players in the world of self publishing and a pioneer when it comes to it, but each country has its own sites and publishing houses which can make things difficult and more competitive.
- If you are working with Nook, Kobo and iBooks, you will also make some money from their platforms.
Sure it requires more effort on your part, but you get to expose your book to a larger audience who are yet to visit the Amazon platform.
So there you have it, pros and cons of working exclusively with KDP.