Posted: George Hancock Jr.|June 23rd, 2015

eCommerce Software

Amazon to Pay Authors for Pages Read

Share:

FacebookTweetmail
blog post author image
Written by George Hancock Jr.
Our goal, here at Best Company, is to provide you with honest, reliable information you need to find companies you can trust.

news-money-matters-3

According to Amazon, its authors want a better way to be paid. For years, they've been paid based on how much readers borrow their books on Kindle devices. A new pay scale will affect authors who are signed up for Kindle Unlimited and Kindle Owners' Lending Library. It's one that may not be attractive for concise writers.

Under the new setup, authors' pay will be proportional to the number of their pages read compared to the total number of pages read in all books (on Amazon devices). They'll receive that percentage of Amazon's author's fund, which is a sum calculated using a complex equation each month. According to NBC, the fund's size corresponds somehow with the number of paid subscribers reading books. So, the name of the game is "keep them interested" rather than "get it into their device." The system is fairly comparable to those of streaming music companies like Spotify, where artists are paid per stream. Musicians have criticized Spotify for their model, but self-published authors using Amazon's platform tend to support the e-retailer's decisions.

On its website, Amazon said "We're making this switch in response to great feedback we received from authors who asked us to better align payout with the length of books and how much customers read. Under the new payment method, you'll be paid for each page individual customers read of your book, the first time they read it." The new structure goes into effect on July 1st.

Compare the top ranked companies

Find the right company for you.

SquareSpace image#1
Shopping Cart Elite image#2
Shopify image#3
Selz image#4
3dcart image#5
BigCommerce image#6View
More

Related Articles

Card image cap
Chris Fry joins Bigcommerce board with int...

Chris Fry has joined Bigcommerce's board of advisers and will work closely with its product and development teams as it ...

Read More
Card image cap
How eCommerce Can Help Your Business

Technology affects almost every aspect of our lives. Thanks to the Internet, business transactions have drastically chan...

Read More
Card image cap
Things to Consider When Choosing an eComme...

According to market research firm, Coleman Parkes, 21 to 40 percent of a business’s income is a direct result of ...

Read More