But apparently not everyone knew that. The Telegraph discovered just yesterday that Amazon won’t pay the 70% royalty on ebooks priced over $9.99:
Specialist and minor authors are being damaged by Amazon’s online royalties scheme that punishes those who do not want to sell their books at knock-down prices, critics warned.
Writers who are likely to have a small readership, particularly in niche markets, are being penalised if they want to sell their books at a high price.
If authors sell their books directly through Amazon’s Kindle site the company will hand over 70pc of all sales, providing the cover price is between $2.99 and $9.99 (£1.98 and £6.60).
Any books priced above that will be given only 35pc royalties. Critics say the move is designed to keep the price of books down on Kindle to make it more attractive in an increasingly competitive online market.
Apparently those evil, evil meanies at Amazon are punishing authors by only paying them 35% for books priced over $10.
Never mind that even at 35% Amazon is still paying more to authors than the authors would get from a traditional publisher. In spite of Amazon paying more, Amazon is still punishing the authors.
Also, never mind that B&N PubIt and Kobo Writing Life have matched Amazon’s terms (or come close); it’s only Amazon that is punishing authors.
What’s even worse are the numerous reports of Amazon holding a gun to people’s heads to force them to sign up with KDP. It’s absolutely criminal that authors aren’t allowed to not sell their work through the Kindle Store.
Who does Amazon think they are, denying an author’s god-given right to make a comfortable living off of their writing?
There ought to be a law.
image by Jane Quigley