Frankly, I'm not going to make any money from my books if they're in a library collection.
I got an invitation through Lulu, to put copies of my book in a library book show that will be attended by librarians from all over the state of Michigan who are responsible for buying books for their library. I'm a new author, and I love the idea that people will be able to check my book out from the library. It's an ego boost.
...but it's not a wallet boost. Let's do some math (and I readily admit I'm not good at math). If a library buys a copy of my book, and they put the book on the shelf...and let's stretch here, an act of whimsy. Let's say someone checks the book out and really likes it. Speed reads through it and takes it back in a week. Someone else checks it out right away. A waiting list forms. By the end of the third month, let's say 100 people have read the book. Let's say a book club forms, an audience gathers, and someone with a huge theater presence reads the book aloud to 1,000 people. This is fun!
Guess how many royalties I will have made from all those people reading my book, or having it read to them.
One. One copy of the book to the library...one royalty paid to yours truly.
Um... I think I'll take a pass at this time. I'm not going to put my book in the library show. Later, perhaps, when I can afford to be more generous. When was the last time you checked a book out of a library and liked it so much you went and bought your own copy?