We now move onto Step 2 of the KDP Publishing process.
#8. Publishing Territories
This section is straightforward – if you are self-publishing your own book and own all the rights, you have worldwide rights. If someone owns part of the rights to your book, then you may only have rights for certain territories.
#9. Setting the price
The next section is all about the money! You need to decide on what price you want for your book, and then you can set the US price, and have all the other countries’ prices based on that price. The price of eBooks is a very much debated topic, and really comes down to personal preference.
When I first started out, with The Earth Angel Training Academy, I didn’t have a Kindle, and though I published the book on KDP, I didn’t really understand the concept. My print version was £9.99, so I put the Kindle copy on Amazon at £8.99. Hey, I thought, it’s a discount isn’t it? Needless to say I sold about two copies. I was a completely unknown author, and I was asking nearly the same amount for the eBook as for the print. It just wasn’t going to happen.
In general, when you are an unknown author, you want to set your price for your first couple of books quite low, and then when you begin to build up a fanbase, you can increase the prices of subsequent books, because you know your fans won’t mind them being a pound or two more, because they know what to expect and they know they’re good. Being a Kindle owner now, I understand it. Because I am reluctant to spend more than three or four pounds on an author whose books I’ve not read before. For non-fiction, it’s slightly different, because people are paying for the information or wisdom, so you could possibly price it higher, but if you are relatively unknown, you may have to go lower to begin with. I have seen books at a lower price that shoot up in price when they become popular. The best thing about self-publishing on KDP is that you can change the price at any time you wish.
Amazon are adhering to the new VAT laws in Europe, and they adjust the price accordingly, so you don’t have to worry about registering for VAT.
The other thing to consider when setting your price, is the royalty percentage you choose. If you choose a 35% royalty (which means you get 35% of the retail book price) then you can set the price of your book between 99c and $200. If you choose the higher rate of 70%, you can only set your price between $2.99 and $9.99.
You can see how it’s all worked out below. As you can see, I set the US price and the UK price, but the rest are based on the US price.
Once you’ve set the price, you can move on to the final two sections!
#10. Kindle Matchbook
It’s optional to sign up to Kindle Matchbook, basically, if you have published your book on Createspace, (will post how to do that soon) then you can sign your Kindle book up to Matchbook. What that means is, if someone buys your book in print, then they will have the option to buy the Kindle version for a discount, or have it for free (based on what you choose). I have all my books set up as free, so that if they buy the print version, they get the Kindle version as a bonus.
You can tick the box to allow your book to be lent to another Kindle user for up to 14 days. For those 14 days, the book is inaccessible on your Kindle, just like you wouldn’t be able to read a physical book you have lent to someone. It is only possible to lend books to other Kindles in the US, and if you have opted to have the 70% royalty rate, you won’t be able to opt out. If you have chosen the 35% royalty rate, you can opt out. For details on how to lend books to friends on Kindle, click here.
That’s it! Tick the little box agreeing to Amazon publishing your book, then hit ‘Save and Publish’. Then high-five! You’ve done it! You will then see a message that says it will take 24 to 48 hours for your book to appear on Amazon. It will then be listed on your bookshelf.
Tune in for more posts soon!
Disclaimer: All views, ideas and tips presented on this website are my own, based on my own experience and the experience of my clients. It is by no means the only way to do it, or the right way to do it, but it is the way that works for me. Please take what helps you and makes sense to you, and don’t worry about the rest for now. Please know that I take no responsibility for anything that happens as a result of you following my advice. I have created this blog as a resource for Indie Authors to help them make the publishing journey a little easier. I am not affiliated with any of the companies I mention, other than the fact that I use their services myself.