As an Amazon Kindle self-published author based in India, I face certain limitations:
- Royalties received only in Amazon.com and Amazon.in marketplaces are directly transferred via EFT to my bank account. In all other marketplaces, the payments are to be paid via checks and check threshold is $100 (or £100 or €100 depending on the marketplace). So, if you’re a beginning author and are selling only a few copies in each marketplace, most of the sale is technically worth nothing until you meet that threshold.
- Unless I enroll in KDP Select, I can not avail 70% royalty option for sales in my own country, India.
In a previous post, I discussed Amazon KDP Select program and said how I was ready to test new waters once my first 90-day KDP Select enrollment was over. Since that day is near (September 17th), I was looking for alternate options today.
First, I checked Smashwords. However, to sell books through Smashwords, non-US authors must a signed IRS form, W8-BEN, to Smashwords. You’ll also need a US Tax Identification Number (ITIN or EIN). The W8-BEN is also required in Lulu, another ebook vendor, else you have to pay the 30% tax witholding rates for sales in US.
When I signed up for Amazon KDP Select program, I needed no such paperwork, so the process was relatively faster and easier for me. I doubt if I am even going to do pursue the Smashwords route soon given how much paperwork and time is going to be involved.
The other vendor I checked was Nook, which is owned by Barnes and Nobles. Unfortunately, Nook press is not available to self-published authors in India at this moment.
Given this scenario, Amazon is undoubtedly the one true king of the Indian ebook self-publishing market. It is high time that e-tailers like Flipkart begin their own self-publishing units.
Are you a self-published author based in India? Which other platform, apart from Amazon KDP, do you use to sell your books. Let me know in the comments below.
Buy Bound by Life on Amazon now! Or borrow it for free it you have Kindle Unlimited subscription!