When most people think of ways to make money, they don’t typically think of audible. However, there are a few ways to make money on the platform. In this blog post, we’ll discuss three methods you can use to make extra cash. So, if you’re looking for how to make money on Audible, keep reading.
What is Audible?
Audible is an online platform that allows users to listen to audiobooks. It’s one of the most popular audiobook platforms, with over 150,000 titles available. You can listen to audiobooks on your computer, phone, or tablet.
Amazon owns audible, so if you’re an Amazon Prime member, you get a discount on Audible membership. You can also buy audiobooks directly from Audible.
Other audiobook distributors exist, but Audible is by far the most popular. Make money on audible effortlessly by following the methods below.
A study by the audio publishers association (Audiopub.org) showed that the size of the audiobook industry in the states totaled 1.6 billion dollars. The audiobook market has held strong over the years and has grown particularly in the young adult age groups.
While some may want to own audio content, others may prefer to rent it. This is where Audible comes in – it’s an affordable way to “rent” audiobooks with a monthly subscription. You can think of Audible as the Netflix of audiobooks!
How to Make Money on Audible
There are a few different ways that you can make money on Audible. Let’s take a look at some of the most popular methods:
1. Self Publish your Book
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Audible is the world’s largest producer of audiobooks, so it’s no surprise that authors are flocking to the platform to get their work heard. But what many authors don’t realize is that self-publishing on Audible can be a great way to make money.
In fact, Audible pays royalties of up to 40% of the retail price for every audiobook sold. And with over 150 million members worldwide, there’s a good chance you could see some serious sales if you do it right
The audible self-publishing platform is called ACX (Audiobook Creation Exchange), and it’s actually very easy to use. All you need is a finished audiobook and some basic information about yourself.
From there, you can create a profile and start marketing your book.
There are a few different ways to market your book on ACX. You can use social media, paid advertising, or even email marketing. Whatever method you choose, just make sure you’re getting the word out there about your book.
You’ll need to create a professional-sounding audiobook, which might mean hiring a narrator. You can find narrators on the Audiobook Creation Exchange, or you can use a service like Fiverr.
Once you have a finished product, you can start submitting it to Audible for approval.
To submit your book, you’ll need to create a title page and an audio sample. Audible will then review your book and decide whether or not to accept it. If they do, congrats! You’re one step closer to making money on Audible.
The vast majority of books that are submitted to Audible are accepted. However, if your book is rejected, don’t worry – you can always try again. Just make sure you take the time to revise and improve your book before resubmitting it.
Once your book is approved, it’s time to start selling! You can set your own price for your book, and Audible will take a cut of each sale. The royalty rate varies depending on the price of your book, but it can be as high as 40%.
2. Become an Audible Affiliate
Selling audiobooks is not the only way to make money. With the audible affiliate program, you can make money by promoting audiobooks on your website or blog.
As an Audible affiliate, you’ll earn a commission for every sale that you generate. The commission rate varies depending on the product with standard fees earning somewhere between $.50 and $10.00.
Affiliate marketing is a popular strategy among people making money online this year, and for good reason. It’s a great way to earn passive income, and it doesn’t require a lot of work on your part.
If you’re interested in becoming an Audible affiliate, the first thing you need to do is sign up for the program. You can do this on the Amazon Associates website. Once you’re signed up, you’ll be given a unique affiliate link that you can use to promote Audible products.
There are a few different ways to promote your affiliate link. You can add it to your website or blog, or you can share it on social media. You can also create email newsletters and include your affiliate link in them.
Promoting your affiliate link is important, but it’s also important to pick the right products to promote. Not all audiobooks are created equal, and some will convert better than others. Choose products that you think your audience will be interested in, and make sure to promote them in a way that will get people to click on your link.
If you’re not sure which products to promote, start by promoting the bestsellers. These are the books that are selling the most, so there’s a good chance that your audience will be interested in them. You can find the bestsellers on the Audible website.
3. Narrating Audiobooks
Besides becoming an affiliate with Audible, and self-publishing on Audible, narrating audiobooks is also a fantastic way to make money. Narrators make money on audible by being paid a commission based on the length of the audiobook. If you have a great voice, you could start recording audiobooks for the audible platform and earn extra money.
To get started becoming an audiobook narrator, you’ll need to create an account on the Audible website. Once you’ve done that, you can start browsing the huge selection of books that are available for narration.
When you find a book that you’re interested in, simply click “Audite Now” to begin the audition process.
The audition process is relatively simple; you’ll be asked to provide a sample of your narration for the book. Be sure to inject some emotion into your reading, as that is something that Audible listeners are looking for. Once you’ve submitted your audition, it will be reviewed by the Audible team and you will be notified if you have been selected to narrate the book.
If you are selected, the next step is to begin recording your narration and earn money! You can do this from the comfort of your own home; all you need is a quiet space and a good-quality microphone. Some may want to invest in recording software.
Once you have recorded all of your narration, simply upload the audio file to the Audible website and wait for your payment. It’s as easy as that!
You can get paid in a few ways, one being the PFH or per-finished-hour method. This is when you’re paid a certain amount for each hour of the audiobook that you finish narrating. For example, if your PFH rate is $200 and the audiobook you’re narrating is 5 hours long, you would earn $1000 total.
The second way to get paid is by using the royalty system. This is a system in which you’re paid based on how many copies of the audiobook are sold. The royalty rate is typically around 25%, so if an audiobook sells for $20 and you’re the narrator, you would earn $5 per sale.
The amount of money you can make as an audiobook narrator depends on a few factors, such as your skill as a narrator, the length of the audiobook, and the royalty rate. However, it is possible to make a full-time income from narrating audiobooks if you’re willing to put in the work.
Audiobook narration is a great way to make money because it’s a passive income stream. Once you’ve recorded the audiobook, there’s nothing else you need to do. The audio versions will continue to sell and you will continue to earn money from them. If you’re looking for a way to earn money without putting in a lot of work, audiobook narration is a great option.
Spoken-word entertainment is becoming increasingly popular, and audiobooks are a big part of that. If you have a passion for reading and narrating, then Audible is a great platform to consider. You can make money by simply recording your voice, and it’s a great way to earn some extra income.
How do I Produce Audio Files for an Audiobook?
To produce audio files for an audiobook, you’ll need to record your narration using a good-quality microphone. Once you’ve recorded all of your narration, simply upload the audio file to the Audible website.
What is the Audible Royalty Rate?
The Audible royalty rate is based on the length of the audiobook. The longer the audiobook, the higher the royalty rate.
Can I Narrate More Than One Audiobook at a Time?
Yes, you can narrate more than one audiobook at a time. However, you will need to be able to meet deadlines and deliver high-quality recordings.
How can you sell audio versions of books on Audible?
By creating an account on Audible, you can browse the selection of books available for narration. When you find a book you’re interested in, simply click “Audite Now” to begin the audition process. If you are selected, the next step is to begin recording your narration and earn money! You can do this from the comfort of your home.