There is a lot and I mean A LOT of misinformation out there about self-publishing. I was just reading a comment thread on someone’s Facebook post and I was amazed at all the incorrect information people were spouting off as fact. Please DO NOT hear or read something and just assume it’s true. And don’t share it as if it’s gospel. Do your research. If you’re given new information, I don’t care how much you trust the source, LOOK IT UP. Make sure it’s accurate. If it’s about Amazon, Smashwords, KOBO, Draft 2 Digital — whoever — check their website for the facts.
One of the rumors spread most recently is:
“I just heard that from now on authors won’t get paid until readers have read at least ten percent of their book.”
Or some variation of that. That is simply not true. If you’ve published with Amazon.com, you get paid for your book during normal payment schedules when someone purchases it.
However, if you’re in Kindle Select (exclusive to Amazon) and have your books enrolled in Kindle Unlimited (KU) or Kindle Owners’ Lending Library (KOLL) then your share of the KDP Select Global Fund is based on the number of pages read the FIRST TIME by a reader. Click here to read Amazon’s FAQs about this.
Believe me, based on what I just read, there’s a staggering amount of other “rumors” out there that are just plain false. So don’t take anything as gospel until you’ve actually researched it yourself.
There are places you can find accurate information, from those who have years of experience, and keep up to date with the latest goings on. Yes, things change quickly in the publishing world these days. And if you’re going to be successful, you need to keep up.
Here are a few of my favorite websites for doing just that (in no particular order):
Kristine Kathryn Rusch — Check out her “Business Resources” tab. Her posts are usually very long, but well worth the time it takes to read them.
The Passive Voice — The Passive Guy shares posts of importance, and when needed — he offers up his opinions at the bottom of the posts. (Don’t skip those. They often offer up a counter opinion and reasoned arguments.) There’s always interesting discussion in the comment section as well.
JA Konrath (Language Warning)
There are others out there that offer up great advice. The point is — don’t just believe everything you read and hear. Check out the information on the specific website first and from trusted sources for considered opinions.
The one thing you do not want to do, is panic at the start of a rumor. That will lead to you sharing information that is not true and making decisions of importance based on erroneous information and emotion, rather than critical thinking.