$200,000 Bonus Added to January KDP Select Fund – Now $700,000

Kindle Direct Publishing is excited to share with authors and publishers that the Kindle Owners’ Lending Library (KOLL) is off to a great start! Customers borrowed 295,000 KDP Select titles in December alone, and with the $500,000 December fund, authors and publishers earned $1.70 per borrow.

Enrolled authors and publishers on average received 26% more money in December for their KDP-Select enrolled titles on top of their royalties from paid sales for the same titles. Also, our early results show that paid sales of enrolled titles are growing even faster than other KDP titles.

Because of the popularity of KOLL, fueled by seasonal use of new Kindles, and strong participation in KDP Select to date, KDP is adding a $200,000 bonus to the January fund, raising the total from $500,000 to $700,000. Read the press release for more details.

As a reminder, KDP Select December royalty information will be available on  December royalty reports in mid-January. Details on the fund amount can be found by visiting either Bookshelf or KDP Select.

Kindle Direct Publishing encourages all authors and publishers to continue taking advantage of future KDP Select benefits by enrolling more titles. Great way to begin the New Year!

Holiday Shopping for eReaders? Could Be Best to Wait

Have a Kindle or other electronic device on your holiday shopping list?

It’s best to hold off purchasing those gifts until almost the last minute.

Why?

Retailers are planning sales with huge discounts on almost every type of electronic device from eReaders (Kindle, Nook, etc.), phones, televisions, and other popular high-ticket gift ideas. Closer to the holiday season, shoppers will have an opportunity to save more money than ever before.

For those interested in getting an early start on Kindle and Nook purchases online, Amazon has several Kindle products on sale. Kindle is now $79 (with special offers, $109 without special offers), Kindle Touch and Kindle Keyboard $99each, Kindle Keyboard 3G $139, Kindle Touch 3G $149, and Kindle Fire $199.

Barnes and Noble is offering their line of Nook products at $99 for Simple Touch, $199 for Nook Color, and Nook Tablet for $249.

Whatever products you decide to buy, be sure to check out the best sales and products which may suit your recipients best.

Amazon Unveils $199 Kindle Fire Tablet

According to today’s Bloomberg Businessweek, Amazon has released its Kindle Fire computer tablet, sparking competition for the Apple iPad.

In contrast to the iPad, whose cheapest model sells for $499, retail price of Kindle Fire is $199. The tricked-out version of original Amazon Kindle features a 7-inch color display and runs Android.

Though Kindle Fire doesn’t have an embedded camera, microphone or 3G access, it offers Wi-Fi connectivity and a 30-day free trial of Amazon Prime, the company’s $79-a-year membership service that includes streaming video and free two-day shipping.

More details can be found in the Bloomberg Businessweek article.

Library Doesn’t Have Your Favorite Titles? Amazon Could Soon Begin Renting Kindle Books

Amazon, the innovator in many aspects since its inception, doesn’t appear to slow down any time soon.

Their latest idea is launching a Netflix-style rental store…only Amazon will rent digital books. Older titles would be offered, with limitations placed on the amount of books Amazon users could read per month free of charge.

Amazon’s subscription library service will also be available to Amazon Prime members, adding book rentals to its present $79 per year service.

The site behind popular Kindle e-reader also has plans to release a tablet-style computer, which is aimed for release by end of 2011, which may coincide with its proposed digital book rental concept.

However, ideas of book rentals are raising concern among publishers as to how overall book sales and their present relationships with bookstores would be affected, while sources from The Wall Street Journal are skeptical as to the success of a digital book rental service.

At present, Amazon allows students to rent textbooks and let users share books for up to 14 days on Kindle.