March 22, 2017 at 5:08 am #3923
I am just getting started. I received an inquiry from an author requesting reviews. How do I get a copy to read and review? And, do I make my money only when a reader clicks on my affiliate link and buys from Amazon?
And, what does Amazon pay on a 99 cent Kindle book? And on a $14.95 print book?
What other ways are there to generate revenue? I did see a post about offering to provide corrections for a fee. That post mentioned returning the book. Does Amazon offer free review copies digitally or otherwise?
ScottMarch 22, 2017 at 3:45 pm #3925
Novel Blogs AdminKeymaster
Thanks for your questions. I’ve moved this to its own topic b/c it covers several important areas.
1. Review Requests – The emails you receive via your forms contain links to pages on Novel Blogs. These pages contain additional information on how our community works and the model we’ve put forth to help reviewers make money with their sites. Here’s the link you should see in the Review Request email – https://novelblogs.com/reviewer-tips-contact/. Each time an author contacts you, it provides you with an opportunity to let him/her know about Novel Blogs and your review policy. Reply with your affiliate link and you’ll start generating sales and commissions.
2. How do I get a copy to read and review? – If you are attempting the One-Month Challenge, you must purchase the book you review for the challenge. We do this to encourage members to get in the habit of supporting authors who have paid for exposure to the community. When you start making sales via your affiliate links and earning commissions, you’ll feel good about the books you purchase b/c you are giving back to authors. You are also removing potential conflicts of interest. If you receive the book for free, you must disclose this in your reviews and/or review policy. See the FTC Guidelines.
Since we provide you with several ways to earn income with your site that can earn you much more than the cost of the books you read, we feel it’s not worth nickel-and-diming authors who have already paid for exposure to you. In addition, purchasing the book offers several other benefits – posting Verified Reviews on Amazon (a great place to post links to your review site), Kindle ebooks allow you to easily highlight/bookmark mistakes to sell to the authors, and you’ll get reading/reviewing much sooner.
3. Do I make my money only when a reader clicks on my affiliate link and buys from Amazon? – If your only earnings stream is Amazon, you will not earn very much. Amazon Associates pays commissions of 4% – 8%. So, if you endorse a $0.99 ebook and your readers buy it in droves, you will earn a whopping 6% (average) or $0.06 per book purchased via your affiliate links. Now, your readers might also purchase other items with higher purchase prices, such as a new flat screen TV. However, these purchases tend to be rare events.
Amazon’s commission payouts increase with volume for the month. So, if your affiliate links only generate one sale for the month, you’ll earn 4% of the purchase price. We feel that the Amazon model creates a conflict of interest. Reviewers have incentive to hype books that they might not like because it helps them generate sales and commissions. However, the amount is so low that we don’t think it is enough to influence a reviewer. Additionally, if done too frequently, the reviewer will lose his/her credibility and earnings potential.
This is one reason why we offer an affiliate program in which you can earn 30% – 50% commissions on a higher priced item. You can earn more and the sale is not tied to the book you are reviewing. It’s tied to the collective exposure of the group which you are contributing to.
To learn more about how you are providing this exposure, please watch the following video located on the page where authors add their books.
4. What other ways are there to generate revenue? – As you noted, there is a post in the forums about offering typo corrections to the author after you’ve already posted the review—it’s important that you do this after posting the review so there is no conflict of interest. Here’s the link. Virtually every book I’ve read has typos. With self-published titles, the number of typos tends to be pretty high. These authors are often very happy to pay for a list of typos as it’s far cheaper than hiring an editor.
5. Does Amazon offer free review copies digitally or otherwise? – Amazon’s Prime Membership allows you to borrow one book per month. Use the following link to read more about the Kindle Owner’s Lending Library.
Let me know if you have any additional questions.
You must be logged in to reply to this topic.