I’ve pored over various articles of various successful Indie authors proclaiming the benefits of either going KDP Select or publishing on multiple platforms.
I’ve come to a serious, important conclusion:
No one knows what the hell is going on.
Admittedly, many by their own admission. I read a great blog post by Hugh Howey on his forays with exclusivity. He, like many, can see the benefits of going KDP select and going multiple-platform.
Alternatively, Joanna Penn, who I had the pleasure of talking to face to face at Thrillerfest 2015, wrote a great article claiming that if you are making a series, multiple-platform is the way to go. It’s sound logic; the greater visibility you have for book one, the more potential sales there are for later books.
Problem is, I’m not sure we have a great idea for which approach actually grants greater visibility. It seems to vary from a case to case basis.
For me, I’ve been very happy with KDP Select thus far. I’ve made almost as much money on Kindle Unlimited Book Lends as I have with selling the book itself. And I’m sure it helps tremendously in raising my Amazon rankings and getting it out there.
A bit shy of two weeks of results: (published book on Jan. 14th.)
I’ve been pretty happy with consistent book sales day-to-day. I’ve been extremely happy with my KENP page reads. (yesterday was my most, 3600 pages read in one day!)
If someone buys my book, I make about $2.10. If someone reads it cover-to-cover on KENP, I make $1.35. That’s not bad at all for being “free”.
As of right now, I’m ranked #144 in the Dystopian category on amazon, and #229 in Post-apocalyptic. I’m pretty tickled with that for being two weeks in.
I wonder what my numbers would look like if I had not opted for KDP select. It’s impossible to know, really. Though I’d have to be selling a decent amount of books on Kobo/Smashwords/ the rest of ’em. But am I sacrificing long term visibility?
Who knows. I’m just happy the book is doing pretty well thus far. Better than I expected for my first two weeks, anyway. Booya.