Chris McMullen was introduced to me by Chris, the Story Reading Ape. I found this blog post here very interesting and informative. I’m sure I’m not the only one who got confused and this here is explaining a lot.
LENDING ≠ BORROWING
Amazon has two completely unrelated Kindle programs which use similar words.
- borrowing: readers can borrow Kindle e-books through Amazon Prime or Kindle Unlimited.
- lending: the Kindle Book Lending program allows customers to lend one book to someone else for up to 14 days.
These two programs have absolutely nothing to do with one another.
To make matters potentially more confusing, Amazon uses the word lending in KOLL: Kindle Owners’ Lending Library. In this abbreviation, ‘lending’ does actually refer to Kindle Unlimited and Amazon Prime. But in Kindle Book Lending, the word ‘lending’ means something entirely different.
Both options—borrowing as it relates to Kindle Unlimited and lending as it relates to Kindle Book Lending—appear in different places when you publish an e-book with KDP (Kindle Direct Publishing).
- The top of the first page of the publishing process has the option to enroll in KDP Select…
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I think this is an interesting and informative post, published by “Lit World Interviews”. I therefore decided to re-blog it.
I was planning on posting the new TOC how to using Calibre this week, but I’m afraid that I haven’t been able to get to my computer to get the screenshots together this week – so next week it will be – promise. Getting back here today though, it seems that the whole writing world is up in arms about Amazon’s announcement that authors will earn by the page read, rather than by the percentage of a book read when a book is borrowed with Kindle Unlimited. Having vivid memories of starting out as a newbie to self-publishing of how easy it was to get totally confused and thrown off course by announcements from some established authors, I’m really glad that this didn’t happen back then.
It’s a fact that any Indie author out there right now with one, or maybe two books published, is not going to be laughing…
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