If you are in the market for a bargain on a new book to consume your idle time, Amazon has a new service that might help you out. Amazon launched Kindle Countdown Deals today, which allows publishers to offer Kindle-exclusive titles with limited-time promotional pricing.
With the Kindle Countdown Deals program, the publisher can choose to offer a book at a discount for a limited time between one hour and seven days. The publisher also gets to choose how steep the discount is–but Amazon does dictate that it must be at least $1 below the regular Kindle price.
The benefit for publishers is that they can spark a short-term spike in sales. Assuming the book is any good, the word of mouth exposure should help sustain sales after the Kindle Countdown Deals offer has expired. Publishers also maintain their royalty percentage based on the regular, full Kindle price of the title. So, even if the temporary price is below $2.99, the publisher will still get 70 percent royalties as long as the regular price is $2.99 or more…
Read the full post at IT Knowledge Exchange: Get a good deal on a great read with Amazon’s new Kindle Countdown Deals program.