Kindle has a new program called KDP Select, where you can offer free kindle books for a 5-day period during the 90 days that your books are exclusively available on Kindle e-readers. I am offering my two latest books for free from today, 8/24 through Tuesday, 8/28. The titles are: (1) Business Quotations Every Entrepreneur Should Know: 52 Weeks of Motivation and Inspiration, and (2) Create Your WordPress Website in 27 Minutes Believe Me, It’s Really Possible!.
Through KDP Select you can reach a new audience - by distributing your books through the Kindle Owners’ Lending Library and by reaching US Amazon Prime members. You can also earn your share of at least $6 million throughout 2012 when readers borrow your books from the Kindle Owners’ Lending Library.
Wondering how you make money if you are offering free Kindle books. Here’s how your earnings are calculated. The KDP Select Fund for August 2012 is $600,000. If the total qualified borrows of all participating KDP titles is 120,000, and your book is borrowed 1,000 times, you will earn 0.83% (1,000/120,000=.83%) or $4,980 for the month of August 2012. Not too shabby for an additional income stream. So, get your free copies of my latest books during the free period.