KDP Paperback Change in Pricing

Prior to June 20th of this year, Amazon's Kindle Direct Publishing stated that due to inflation. it would be increasing its pricing on paperbacks by about 23 cents per book in order to cover their increased costs for ink, paper, etc. Authors in turn could increase their book's selling price to a value of their choice, or they could accept a sell price determined by KDP where they would not lose any royalty income. Or, the author could do nothing and therefore lose about 23 cents per paperback in royalty sales.

All 9 of my e-book short story collections were listed at $2.99 per e-book and were not affected by KDP's inflation-based raise in their price. However, I had considered raising my sale price anyway, so this was probably a good time to do it. Same for the paperbacks regardless of what KDP was doing.

Curious to see what price KDP would set on my 9 paperbacks which were selling for $8.99 each at the time, I chose to let KDP set my paperback sale price, with me having the option to change the price later. On June 20th, KDP left my e-book sale price alone and set my paperback sale price at $9.21 per book. I would not lose any royalty money at that level, but I had wanted to increase my price above that figure anyway.

A day later, I went to work on the figures. KDP had given easy instructions on how an author could change their prices. I went down my Book Shelf list and took each e-book and/or paperback in order. Strangely enough, I found that not all my e-books were linked to their paperback.

I increased all my e-book sale prices from $2.99 to $3.99, which increased my royalties per e-book. Hit the PUBLISH button and sent the e-book off to be reviewed by KDP.

For my paperbacks, I increased the sales price from KDP's $9.21 to a $9,47 figure. It's not much, but now knowing how easy it is to change pricing, I can always increase the selling price later. I hit the PUBLISH button and off  the paperback went to KDP for review. Reviews for both forms of books came back accepted within a day.

While working on the process to change prices, I kept noticing buttons to link the previously unlinked e-books to their paperback, or vice versa. Me being slightly paranoid about changing two variables on an established product at the same time, I ignored those buttons under the theory that it is easier to solve a software choice if you are only dealing with one variable change at a time. Surprise, surprise, Amazon/KDP linked each e-book with the proper paperback anyway.

One other item I noticed. When the author sets the selling price, the software automatically calculates the author's royalty for all Amazon.com sales, plus for all Amazon foreign sales. There is also a box the author can check for expanded royalty sales if he wants access to other distributors. This expanded royalty is about 20% of what the regular royalty is. I was sure I had checked the box first time around, but found my original check mark wasn't there, so I needed to check the box all over again. One of these days, I'll need to go back and see if all the other paperbacks need a check mark. In which case, I'll have to hit the PUBLISH button again.

Side Note: The majority of the short stories collected in these 9 e-books/paperbacks were previously published in magazines or anthologies, so every sale of these is like found money.

I hope this makes it easier for any authors going through or contemplating the KDP pricing change, And, if anyone is interested, my spreadsheet is below.

New Prices & Royalties on Paperbacks as of 06/20/23

  Title                                Pages    Price     Royalty    Exp. Royalty   Status

9 Chronicles of Crime       168      $9.47      $2.64             .42            08/21/19

9 Deadly Tales                   162      $9.47      $2.74             .44            08/27/19

9 Twin Brothers                  204      $9.47      $2.23             .39            09/12/19

9 Historical Mysteries        214       $9.47      $2.11             .22            09/12/19

9 Holiday Burglars             210        $9.47      $2.06             .47            09/14/19

9 Tales Golden Triangle     194        $9.47      $2.33              .41            06/09/22

9 Historical Mysteries II    196        $9.47       $2.40              .42            08/09/22

9 Tales Criminal Mind        196        $9.47      $2.38              .48            09/xx/22

31 Mini-Mysteries               170        $9.47      $2.64               .42           09/22/19

Now, can anyone tell me why one of my paperbacks listed on Amazon has a line through the price I set and is being offered at a discounted price? To my knowledge, I did not sign up for any sale or promotion program.

KDP Paperback Decisions

Warning. Today's offering may give you a headache. It covers number of pages, font and font size, cost of printing, cost per page, book size, pricing and royalties to be received when you convert an e-book to a KDP (Kindle Direct Publishing) paperback, or even just going straight to KDP paperback.
Naturally, if you can get your manuscript printed by a traditional publisher, then good for you and your book. That option just might keep you from eating Advil by the handful like M & M's. Professional publishing will handle all your book formatting, printing and distribution work. You may have to handle your own publicity, but then, unless you are with one of the big houses, we are getting there anyway. And, with an advance (assuming you get one) plus with traditional distribution, you may get paid more money. I've heard more money is generally a good thing for writers.

If you don't go traditional, then you will have to figure out a way to publish your book on your own. Create Space used to be one option for your manuscript to get printed in paperback form, however Create Space doesn't exist anymore. Amazon gobbled it up. KDP took the software it wanted and developed its own method of getting the job done. So, assuming you are going the KDP paperback route, allow me to make you aware of some of the decisions you will have to make.

Size Matters

Bigger is not necessarily better. There is a balancing act to consider. The number of pages in your book is determined by the number of words in your manuscript, the font used, the size of the font, the size of the book itself and how much fluff you put in  it. As examples, we will use the six e-books I've converted so far. Each paperback is in Garamond font with a 13 size. It is easy to read and is an accepted font. Change the font type or size and you will have more or less pages. All my books are 5.5" x 8.5", which is an acceptable size. Change the book size and you will have more or less pages.

Why does the number of pages matter? Because when KDP starts calculating their share versus your share of the profits, they deduct a base amount for printing, plus a small amount for each page in your book, plus their royalty. So, in my 162 page paperback with a selling price of $8.99, the total printing cost is $2.80, my royalty is $2.60 if Amazon sells it and $.80 if another distributor sells it. My 210 page paperback at the same selling price of $8.99 has a total printing cost of $3.35, the royalty is $2.02 with an expanded royalty of $.23 if sold by another distributor.

Price

You can set your own price, however KDP will tell you the minimum price you can set on your book. When you run the figures on their calculator for this minimum price, you may find your royalty is no more than a penny and your expanded royalty is in the hole, meaning no other distributor will sell your book. But then, you are going to set a high enough price to make a decent royalty, yet not so high that no one will buy your book. Right? The KDP calculator lets you enter your figures and in return, it provides you with what the costs and royalties will be.

Fluff

Every book has what I call fluff in it. Usually, fluff is not reading material, but it is necessary to the book. Examples are the Table of Contents, the copyright page, the Bibliography, the About the Author page, a list of other books by the author and however many blank pages are needed to get certain pages to fall on the right side of the book. You may or may not also have an introduction, pages of quotes from reviewers, an acknowledgement page, etc.

My books have six unnumbered pages in the front, followed by the numbered pages with story on them. Since 9 is my brand and all my books (save one) have 9 in the title, each book has 9 stories in it. Now, because some of my stories have a smaller word count in them, which makes for a smaller book, I will then throw in a 10th story in that series and call it a free Bonus Story. Also, to advertise another of my paperbacks, at the end of most of these books, I will add up to five pages of a story from a different book. Naturally, these five pages end on a cliff-hanger with an inducement for the reader to buy that next book in order to finish the story. You should know though that all these pages up the cost of printing.

Author Copies

Remember that $2.80 printing cost and that $3.35 printing cost? That is roughly my price to obtain author copies. Interestingly enough, when I do order author copies, I can get up to 999 at a time. Why draw the line at 999? I have no idea. Maybe because Amazon is switching away from Fedex and UPS to their own delivery system called Amazon Prime (I've seen their trucks) and therefore they are afraid of hurting their deliverymen's backs? Personally, I wouldn't know what to do with that many copies of my books.
NOTE: Author copies do not qualify for Amazon Prime free shipping.

Covers

I won't go into covers except to say that KDP's free Cover Creator software does have some nice generic designs where the author adds his own title and back cover blurbs. But, for my purposes, I use the art work my buddy does.


Let us know if you try KDP paperbacks and how well that process works for you.