If you self-publish through Amazon's Kindle Direct Publishing, you should have the e-mail from them by now.
If you don't, here's the scoop: Amazon is extending to self-published authors an offer to be included in the Amazon Prime Lending Library ("APLL"). Payment will be made from a pool of money based on the total number of self-published books borrowed from the APLL versus the number of times your particular book was borrowed.
In other words, if no one borrows your book regardless of total borrows, you make nothing. The pool for December is $500,000. If there are a million total downloads in December and your book is borrowed once, then you'll make $0.50.
The other side of this little offer is the exclusivity clause. Your book can only be available for sale only on Amazon, no other retailers, while it is part of the APLL.
For those of you who have jamming sales on Smashwords, the iBookstore, or Barnes & Noble, it doesn't make much sense to jump on this offer.
Something else to consider is that you may have 100 borrows from the APLL, but no sales. You'll be gambling that your ratio in the pool is high enough to offset the lack of sales.
On the other hand, if you're simply looking for visibility, this might be the program for you. If anyone tries it, I'd love to hear how it worked for you.
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