Amazon Offers Huge Royalties to Kindle Authors

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Thinking about self-publishing a book? Stop thinking and just do it! Amazon has a new business model that may give you half a chance at actually making some money off the deal.

Most people self-publish to add to their professional street "cred". There's something about adding "published author" to your CV that implies instant gravitas and it's a great way to get yourself in line for speaking engagements, as well. The benefits are endless.

Still it would be nice to get something for all that work.

Amazon is now offering 70% of net sales in royalties to authors. No publishers or agents needed to wet their beaks first, by the way.

There are some conditions.

1. The book has to be priced between $2.99 and $9.99.

2. The price has to be at least 20% cheaper than any other format's edition (i.e. paperback, softback, audio, hardback).

3. The Kindle version has to be made available "in all geographies" that other versions of the book are sold.

Keep in mind:

This is not only for all makes and models of the Kindle, but the Kindle app for the iPhone and iPad.

Renee Oricchio is a technology writer and former supervising news producer for CNN Financial News. She has been covering the computer industry since 1987. @oricchio