How to Make Money on Audible [8 Methods for 2023]

If you’re looking for a way to start making money online, consider becoming an audiobook narrator on Audible. As an industry leader in audiobooks and spoken-word entertainment, Audible offers various avenues for creators to earn passive income or monetize their passions.

One of the easiest ways to earn money on Audible is to create your own audiobooks. If you’re a writer or have a passion for storytelling, you can turn your ideas into an audiobook and sell audio versions on Audible.

You can create audiobooks on any topic you want, including fiction, non-fiction, and everything in between. With Audible’s self-publishing platform, you can upload your audiobook and set your own price, and Audible will take care of the rest.

In this blog post, we’ll dive into how to make money on Audible by creating your own content, narrating for others, or leveraging the power of affiliate marketing.

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Understanding The Audible Business Model

Audible operates on a subscription-based model, offering its members access to an extensive library of audiobooks and spoken-word entertainment. It is owned by Amazon.

As the largest producer and provider of audiobooks in the world, Audible’s catalog consists of thousands of titles, ranging from bestselling novels to academic resources.

how to make money on Audible

This unique model allows subscribers to enjoy fresh releases in addition to building their own digital libraries with ease and affordability. Members also benefit from exclusive discounts, sales events, as well as two free Audible Originals each month selected by editors just for them.

Furthermore, users can take advantage of variable narration speeds and offline listening options – making their experience personalized and convenient on the go or at home.

The Potential For Earning Royalties As A Creator Or Narrator

The potential for earning royalties on Audible as a creator or an audiobook narrator is quite promising, especially when considering the growing popularity of audiobooks and spoken-word entertainment.

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As an author or content creator, you can tap into this profitable market by converting your written work into engaging audio versions through platforms like ACX.

Similarly, narrating audiobooks provides a lucrative opportunity for those with the right voice talent and skill set. Narrators often collaborate with authors or rights holders by agreeing to share sales proceeds in exchange for lending their vocal prowess to bring stories to life.

For example, if you have a captivating baritone voice that keeps listeners hooked on every word of a suspenseful thriller novel or a soothing tone perfect for self-help books – there’s money to be made in the thriving audiobook industry.

Some professional narrators even negotiate flat rate fees per finished hour of recording along with split royalties from sales.

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How To Make Money On Audible

Learn how to make money on Audible by creating and publishing your own audiobooks through ACX, narrating for others as a freelance gig, and utilizing the Audible Affiliate Program to start earning money on Audible today.

Create Audiobooks

If you’re interested in making money on Audible, creating audiobooks is one of the easiest ways to get started.

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In this section, we’ll explore the different aspects of creating audiobooks, including the Audiobook Creation Exchange and audio quality.

Audiobook Creation Exchange

The Audiobook Creation Exchange (ACX) is Amazon’s self-publishing platform for audiobooks. It allows authors, publishers, and narrators to create and distribute audiobooks to Audible, Amazon, and iTunes. ACX offers a range of tools and resources to help you create and publish your own audiobook.

Here’s how you can get started:

  1. Sign up for an account on the Audiobook Creation Exchange (ACX) platform.
  2. Choose whether you want to be an exclusive or non-exclusive distributor, which determines the channels through which your audiobook will be available.
  3. Submit your book details, including title, author name, and cover art.
  4. Decide if you would like to narrate your own audiobook or hire a professional narrator through ACX.
  5. Complete the audio production process by recording and editing high-quality audio files for each chapter of your book.
  6. Upload the finished audio files to ACX for approval by Audible’s quality assurance team.
  7. Set your desired royalty rates for sales of your audiobook based on exclusivity choices made earlier during registration.
  8. Promote your new audiobook through various channels like social media, email marketing, and collaboration with other creators to increase visibility and drive sales.
  9. Monitor sales data provided by ACX to track revenue generated from your audiobook.
  10. Utilize feedback from listeners and reviewers to improve future audiobooks and grow your audience.

By following these steps, you can create and publish successful audiobooks on Audible using the powerful tools provided by ACX, turning spoken-word entertainment into a profitable income stream for both authors and narrators alike.

Audio Quality

Audio quality is a crucial aspect of creating a successful audiobook. Poor audio quality can distract listeners and detract from the overall listening experience.

To ensure high-quality audio, it’s important to use professional-grade recording equipment, such as a condenser microphone and digital audio workstation (DAW) software.

You should also record in a quiet, soundproofed space to minimize background noise and other distractions.

In conclusion, creating audiobooks can be a lucrative way to make money on Audible. By using the Audiobook Creation Exchange, honing your narration skills, and prioritizing audio quality, you can create audiobook projects that are engaging, enjoyable, and profitable.

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Narrating Audiobooks

To get started with your audiobook narrator side gig, there are a few things you should keep in mind.

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First, it’s important to have a clear, expressive voice that can capture the tone and mood of the book. Second, you should be comfortable reading aloud for extended periods of time, as narrating an audiobook can be a time-consuming process.

You can practice reading aloud in a quiet, enclosed space where you won’t be distracted. You can also consider taking classes or workshops on voice acting or narration to improve your skills.

Here are some steps to get started:

  1. Sign up for ACX from Audible.
  2. Create a profile that showcases your narration skills and voice samples.
  3. Look for audiobook projects that fit your vocal range and style.
  4. Send an audition or proposal to the authors or publishers who posted the project.
  5. Negotiate the terms of the project, including contract duration, payment rate, and deadline.
  6. Record and edit the audiobook according to ACX’s quality standards.
  7. Submit the finished product to the author or publisher for approval.
  8. Collect royalties based on the sales of the audiobook, typically split between you and the rights holder.

By narrating audiobooks for others, you can earn money without having to create your own content or market it yourself.

Plus, you can gain experience in different genres and expand your portfolio as a narrator. Just make sure to communicate clearly with your clients and deliver high-quality recordings that meet their expectations.

Selling Audiobooks

If you’re an author looking to make money on Audible, you can sell audio versions of your book.

There are several options available to you, including the Audible Creator Program, the Audible self-publishing platform, and other audiobook distributors.

Audible Creator Program

The Audible Creator Program is a service offered by Audible that connects authors with professional narrators and producers to create high-quality audiobooks.

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This program is typically reserved for established authors with a track record of successful book sales. If you’re selected for the program, Audible will cover the production costs and pay you a royalty on every sale.

However, it’s important to note that not every author will be accepted into the program.

Audible Self-Publishing Platform

If you’re not selected for the Audible Creator Program, you can still sell your audiobooks on Audible through their self-publishing platform, ACX.

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With ACX, you can upload your audiobook and select a royalty rate between 25% and 40%. The higher your royalty rate, the more promotion and marketing support you’ll receive from Audible.

However, it’s important to note that you’ll need to cover the production costs yourself if you choose to self-publish.

Other Audiobook Distributors

In addition to Audible, there are several other audiobook distributors that you can sell your audiobooks through.

Some popular options include iTunes, Google Play, and Kobo. Each platform has its own royalty rates and terms of service, so it’s important to do your research and choose the platform that’s right for you.

Selling audiobooks can be a lucrative way for authors to make money on Audible and other audiobook distributors.

Whether you choose to participate in the Audible Creator Program, self-publish through ACX, or sell your audiobooks through other platforms, there are plenty of options available to you. With a little research and hard work, you can turn your written works into profitable audiobooks.

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Utilizing The Audible Affiliate Program

One way to make money on the Audible platform is by utilizing the company’s affiliate program. As an affiliate marketer, you don’t need to create your own audio content.

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Here are some tips for using the Audible Affiliate Program to your advantage:

  • Sign up for the program on the Audible website and create an account.
  • Once you’re approved, you can start promoting Audible’s products and services through your website, social media channels, or other marketing platforms.
  • Use unique tracking links provided by Audible when promoting their products. This allows you to earn a commission on any sales made through those links.
  • The commission rate starts at 10% of each sale but can increase up to 50% depending on the number of sales generated.
  • Promote specific audiobooks or recommend Audible’s subscription service to potential customers.
  • Keep track of your performance through the program dashboard and adjust your marketing strategies accordingly.

Remember that existing Audible members may not be eligible for a commission from the affiliate program, so focus on targeting new customers.

One of the biggest benefits of joining the Audible Affiliate Program is the potential to earn commissions. You’ll earn a commission for every qualifying Audible purchase made through your affiliate link.

Additionally, Audible offers a free 30-day trial that comes with a free audiobook, which could be an Audible original or one of the classics. This makes it easy to promote Audible to your audience, as they can try it out for free.

By effectively using the Audible Affiliate Program, you can earn commissions for promoting their products and services, increasing your passive income opportunities.

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Tips For Success On Audible

Choose profitable niches and popular genres, record high-quality audio with a professional narrator, promote your audiobook effectively on social media, and leverage Audible’s resources for visibility – read on to learn more about these actionable tips for success on Audible.

Choosing Profitable Niches And Popular Genres

To maximize your earnings on Audible, choosing a profitable niche and popular genre is crucial. Some of the best-selling genres on Audible include romance, thriller, self-improvement, and business.

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However, it’s essential to research and identify trends in the market to determine which niches are currently profitable.

It’s also essential to stand out from the competition by finding a unique angle or perspective within your chosen niche.

For example, if you’re creating an audiobook about healthy eating habits, consider focusing on a specific diet plan or targeting a particular audience such as busy professionals who want quick meal prep ideas.

The Importance Of High-quality Recording And Professional Narration

A crucial element to making a profit with audiobooks on Audible is ensuring that your recording and narration are of the highest quality. Poor audio quality can be jarring to listeners and result in negative reviews, which can harm sales.

Additionally, hiring a professional narrator with experience in audiobook narration or developing those skills yourself is critical for success on Audible. A skilled narrator can bring a story to life by using tone, inflection, pacing, and character voices.

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Working with a skilled producer through ACX means that you receive high-quality expertise while ensuring that your audiobook fulfills Amazon’s technical standards for publishing.

To summarize, when it comes to making money on Audible by selling audiobooks, excellent recording quality combined with well-executed narration will undoubtedly set one up for financial success; however, proper marketing plans must complement these elements as part of driving traffic towards your title(s) directly increasing visibility through relevant promotions leading to evergreen revenue opportunities too lucrative to pass up!

Promoting Your Audiobook Through Marketing And Social Media

Promoting your audiobook through marketing and social media is an essential step to making money on Audible.

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Here are some tips on how to effectively promote your audiobook:

  • Leverage social media platforms, such as Twitter, Facebook, and LinkedIn, to reach potential listeners.
  • Create a book trailer or teaser video for your audiobook and post it on YouTube and other video-sharing platforms.
  • Use targeted advertising to promote your audiobook on Google Ads or Facebook Ads.
  • Reach out to bloggers in your niche or genre and offer them a free copy of your audiobook in exchange for a review.
  • Run giveaways or promotions on social media to encourage word-of-mouth marketing.
  • Participate in online forums or groups related to your niche and share information about your audiobook.
  • Utilize email marketing campaigns to keep existing listeners informed about new releases or updates.
  • Collaborate with influencers or other authors in your genre for cross-promotion opportunities.

By effectively promoting your audiobook through various marketing channels, you can increase the visibility of your work and reach a wider audience, ultimately boosting sales and revenue potential.

Leveraging Audible’s Promotional Tools And Resources

Audible offers a range of promotional tools and resources to help creators increase visibility and generate sales for their audiobooks.

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Here are some ways to effectively leverage Audible’s promotional tools and resources:

  • Use Audible’s Author Page feature to showcase your work and interact with fans.
  • Add your audiobook to your own library and share it with your followers. This will help increase visibility and encourage sales.
  • Leave a review of your own audiobook to provide social proof and encourage others to buy it.
  • Take advantage of Audible’s “Send this Book” feature to send your audiobook to friends and family, or to influencers who might help promote it.
  • Utilize the Marketing Assets section on ACX to access pre-made marketing materials, such as banners and email templates.
  • Participate in Audible’s Promotions program to potentially gain more exposure for your audiobook.
  • Keep your book information up-to-date and accurate on all platforms where it is sold.

By utilizing these promotional tools and resources, you can effectively market your audiobook on Audible and potentially increase sales and revenue.

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Overcoming Potential Challenges

To overcome potential challenges when making money on Audible, consider choosing a profitable niche or popular genre, investing in high-quality recording and professional narration, promoting your audiobook through marketing and social media, leveraging Audible’s promotional tools and resources, competing with established authors by standing out on the platform, and finding strategies to increase visibility.

Competing With Established Authors

Established authors can pose a challenge when trying to make money on Audible. With their large followings and extensive publishing history, it can be difficult for newcomers to stand out in the audiobook market.

However, there are ways to overcome this obstacle and succeed on Audible. One effective strategy is choosing profitable niches and popular genres that may not have as much competition from established authors.

Additionally, investing in high-quality recording and professional narration can help your audiobook stand out among others in the same genre or niche.

Technical Difficulties With Recording And Publishing

Recording and publishing an audiobook on Audible can be a challenging process, but understanding the technical requirements can help overcome these difficulties.

It is crucial to invest in high-quality recording equipment such as a condenser microphone or digital audio recorder to achieve professional sound quality.

Publishing on ACX requires specific file formats for submission, including WAV files with 44.1kHz sample rates and at least 16-bit depth. Editing software like Adobe Audition or Audacity can help clean up any mistakes before submitting files.

Overcoming these practical challenges alongside marketing efforts will increase the visibility of your book among potential listeners searching for spoken-word entertainment.

Strategies For Increasing Visibility And Standing Out On Audible

To maximize your earnings on Audible, it’s important to stand out from the crowd. Here are some strategies for increasing visibility on the platform:

  • Choose a profitable niche and popular genres that appeal to your target audience.
  • Ensure high-quality audio recording and professional narration to keep your listeners engaged.
  • Promote your audiobook through social media and other marketing channels to increase its visibility.
  • Leverage Audible’s promotional tools and resources, such as ads, reviews, and featured placements.
  • Utilize variable narration speeds to improve accessibility for listeners with different preferences.
  • Create fresh releases regularly to keep your content updated and appealing to listeners.
  • Design an eye-catching book cover that stands out among other audiobooks in your genre.
  • Collaborate with other creators in similar niches or genres to cross-promote each other’s content.

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Conclusion: Is Making Money On Audible Worth Your Time And Effort?

Making money on Audible is definitely worth your time and effort. With the growing popularity of audiobooks, there is a huge demand for creators and narrators on Audible.

To succeed on Audible, it’s important to choose profitable niches, record high-quality audio files with professional narration, and promote your audiobook through marketing and social media.

Despite potential challenges such as competing with established authors or technical difficulties during the recording/publishing process; if you stay persistent in building relationships with customers online over time by offering them fresh releases that meet their needs while keeping an active presence on the site & promoting yourself elsewhere too (social networks); then success is achievable.

Overall, making money on Audible requires dedication but offers great potential for financial rewards.

Before you leave

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David Fortune has been the editor since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.

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