When I initially heard stirrings that Amazon would be allowing independent authors another way to introduce their books, via the Kindle's Owner Lending Library, thus far only containing a limited choice of ebooks, I thought, "What a great opportunity!" Besides getting more exposure, the authors would also get paid.
According to the press release , based on a monthly $500,000 fund, it works like this -- "The monthly royalty payment for each KDP Select book is based on that book's share of the total number of borrows of all participating KDP books in the Kindle Owners' Lending Library. For example, if total borrows of all participating KDP Select books are 100,000 in December and an author's book was borrowed 1,500 times, they will earn $7,500 in additional royalties from KDP Select in December."
So what's the catch? The catch is in order to opt in, the author must give Amazon sole rights to their ebook for at least 90 days. Since Fractured Facade is in the Smashword Premium Catalogue, it's distributed to many other eRetailers. I've actually had more sales on Smashwords than Amazon, so I'm not keen on killing that audience. Maybe if I had a couple of novellas out there I'd give it a spin, but I don't. Besides, I'm still launching. Maybe in six months, I'll feel differently.
I'd register in a heartbeat, if I didn't have to hand over all my rights to Amazon. If Apple, Barnes & Noble, or any eRetailer, would offer something similar, without the same demands, I'd probably opt in.
Some thoughts from Smashword's Mark Coker - Amazon Shows Predatory Spots With KDP Select