Kindle Direct Publishing (KDP)
One of the most popular programs Amazon has developed in recent years is their KDP program. KDP stands for Kindle Direct publishing. Their program allows authors and publishers to make their content available for sale through the Kindle platform and receive huge commissions on sales.
There are two commission structures:
1. Earn 70% commission on products between $2.99 and $9.99.
2. Earn 35% commission on products between $0.99 and $2.98 and on products $10 and up.
As you can see, the most lucrative prices for your books would be between $2.99 and $9.99, but if you’re interested in bulk sales you could certainly price at $0.99. Just remember that you would have to sell six books at $0.99 to get paid as much as a single sale at $2.99.
You can publish nearly anything on the KDP platform. Here are some examples of products people publish on Amazon:
• Short stories and story collections
• Children’s picture books
• How-to books
• Poetry collections
Amazon does have fairly strict quality standards, but perhaps not as strict as you might expect. They don’t really pay a lot of attention to the quality of the story or the content itself, but they do care about things such as formatting, length, spelling and grammar. Don’t expect to publish a 5-page report full of typos and get away with it.
Once you publish something on the platform, it will be available to anyone who has a Kindle device, as well as anyone who downloads the Kindle app to their computer or mobile device. The Kindle app is available for both Mac and PC computers, as well as many different devices including iOS (for iPad and iPhone) and Android.
When people purchase your publication, Amazon will give you a commission. Commissions are paid monthly approximately 60 days after the end of the pay period. So it will be a couple of months before you receive your first payment, but you’ll receive payments monthly after that.