Saw it. I limit any preview to no more than 5%. I also tried Kindle Select for a while. Didn't like it. Saw no noticeable sales increase...ever. I have been thinking of getting on board for a test of the newer Kindle Unlimited program. I see zero sales from Sony, Kobo, Smashwords or the Apple iBookstore. Almost everything is through Amazon (with an occasional sale through Barnes & Noble)...and I've heard good things.
Check out this link: http://www.hughhowey.com/kindle-unlimited-knockout/
Thanks for the link to Wayfinder. Hmmm ... Writing novels and sailing around the world? Some dreams come true.
Howey's experience with KU mirrors what Joe Konrath posted in his blog this month (
http://jakonrath.blogspot.com/2015/08/tendays-of-kenp-with-bookbub-boost.html). Konrath made almost $3000 in July from just his first novel,
Whiskey Sour, a book he released as a mass market paperback in 2004 and as an ebook in 2013. Not bad for residual sales. Kindle Unlimited appears to be a bad deal at first glance because of the 'borrowing' vs. buying option, but not so according to established authors. I will certainly give it a go to see if it works for a newbie indie.
Previews limited to 5% makes sense. Enough to entice reading on. Like a great first line. I think Amazon's Look Inside feature allows ~10% rounding to the next complete paragraph. I think they include cover and front matter in the calculation so it probably amounts to 5-10% of actual chapters. Either way, exposure and resultant increased readership is enabled. Nobody will buy our writing if they don't know about it.
AQ