16 year-old makes $6200 in Dec from her e-books on Amazon
Amazon.com said on Thursday that its new Kindle Owners’ Lending Library was off to a strong start, but the largest Internet retailer may have buried the lead.
Lower down in the company’s statement, it mentions that Rachel Yu, a 16 year-old high school student, earned $6,200 in December from e-books she wrote and published via a related Amazon initiative called KDP Select. You can check out Yu’s biography here: http://www.amazon.com/Rachel-Yu/e/B0047O6H34/ref=sr_tc_2_rm?qid=1326389676&sr=1-2-ent
Amazon’s Kindle Owners’ Lending Library, launched late last year, lets Amazon Prime customers borrow one of more than 75,000 e-books a month for free.
The program has caused some controversy with big publishers, but Amazon said on Thursday that customers borrowed 295,000 KDP Select titles in December through the service.
KDP Select is an off-shoot of Kindle Direct Publishing, a system developed by Amazon that lets authors publish their books themselves online. If authors make a title exclusive to Amazon’s Kindle e-book store for at least 90 days, the book is eligible to be included in the Kindle Owners’ Lending Library and authors can earn a share of a $6 million annual pot of money based on how frequently the book is borrowed.
Rachel Yu made $6,200 in December because her children’s books, including titles such as “The Magical Dragon’s Three Gifts,” were among the most borrowed through the Kindle Owners’ Lending Library.
The terms and conditions for eligibility in Amazon’s Kindle Direct Publishing program state that participants need to be at least 18 years old in most cases. However, an Amazon spokeswoman said Yu’s books were published through her parent’s KDP account.