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

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, you have earned $1.70 per borrow. It gets better - because of the popularity of KOLL, fueled by seasonal use of new Kindles, and your strong engagement in KDP Select to date, we are adding a $200,000 bonus to the January fund, raising the total from $500,000 to $700,000!

So if you’re already enrolled in KDP Select, you received an average of 26% more money in December for your KDP-Select enrolled titles on top of your royalties from paid sales for these. Also, our early results show that paid sales of enrolled titlesare growing even faster than other KDP titles.

“KDP Select appears to be earning authors more money in two ways. We knew customers would love having KDP Select titles in the Kindle Owners’ Lending Library. But we’ve been surprised by how much paid sales of those same titles increased, even relative to the rest of KDP,” said Russ Grandinetti, Vice President of Kindle Content. “Due to this early success and a seasonally strong January, we’re adding a $200,000 bonus to January’s KDP Select fund, growing this month’s total pool to $700,000.”

Check out how you did by looking at your newly updated Prior Month’s Royalties Report for December sales here. For more information about KOLL data in your report please click here.

If you’re not a KDP Select enrolled author or publisher, KDP Select is a new option dedicated to KDP authors and publishers worldwide, featuring a monthly fund (now $700,000 in January 2012 and at least $6 million in total for 2012), giving you a new way to earn royalties, reach a broader audience, and use a new set of promotional tools.

Here’s how it works: When you make any of your titles exclusive to the Kindle Store for at least 90 days, those with US rights will automatically be included in KOLL and can earn a share of a monthly fund. You’ll also have access to a new set of promotional tools, starting with the option to promote your KDP Select-enrolled titles for FREE for up to 5 days every 90 days. KDP Select is available for titles participating in both the 70% and 35% royalty programs. You can immediately enroll books in KDP Select by visiting the KDP website. For more information about KDP Select, please click here. For more information about KOLL, please click here.