How To Make Money On Audible
Audible is an online platform that offers audiobooks, podcasts, and original audio content for millions of listeners around the world. Audible is owned by Amazon and has a large catalog of titles in a lot of different genres and languages. Audible also has a subscription service that allows members to access exclusive benefits, such as discounts and free audiobooks.
Can you make money on Audible?
Audible is not only a great source of entertainment and education for audiobook lovers, but it’s also a potential way to earn money for authors, narrators, affiliates, and entrepreneurs. In this article, we will explore 10 ways you can make money with Audible and share some tips and resources to help you get started.
10 Ways to Make Money With Audible
Create an Audiobook
One of the most direct ways on how to make money with Audible is to create your own audiobook and publish it on the platform. If you are an author, you can turn your book into an audiobook and reach a wider audience. If you are not an author, you can still create an audiobook by trying your hand out, or rather your voice, in making one based on your expertise, passion, or interest.
To create an audiobook, you will need your voice, recording equipment, and editing software.
Your recording equipment doesn’t need to cost a lot. I have used a Fifine mic for a few years now and it has worked really well. You can check it out HERE.
As for the editing software I use Audacity. It’s a great program and it’s free. You can download it for free HERE.
You will also need to follow the submission guidelines of Audible’s self-publishing platform, the Audiobook Creation Exchange (ACX). ACX will help you upload your audiobook, set your price, and distribute it to Audible, Amazon, and iTunes.
You can choose between two distribution options: exclusive or non-exclusive. Exclusive distribution means that you can only sell your audiobook on Audible, Amazon, and iTunes, but you will earn a 40% commission on the royalties. Non-exclusive distribution means that you can sell your audiobook on other platforms as well, but you will earn a 20% commission on the royalties. Both has their perks, it’s just just choosing the best option for your situation.
Narrate an Audiobook
If you don’t want to create your own audiobook, but you have a good reading voice and narration skills, you can make money by narrating other people’s audiobooks. You can find audiobook narration jobs on ACX, where you can audition for different projects and negotiate your rates with the authors or publishers.
You can charge either a per-finished-hour (PFH) fee or a royalty share deal. A PFH fee is a flat rate based on the total runtime of the audiobook. For example, if you charge $100 PFH for an audiobook that is 10 hours long, you will earn $1,000 for the project. A royalty share deal is a percentage of the royalties that the audiobook generates over time. For example, if you agree to a 20% royalty share deal with the author, you will earn half of the royalties that the audiobook earns on Audible.
The average PFH fee for narrators ranges from $50 to $400, depending on your experience, skill level, and demand. The average royalty share rate for narrators is 20%, which means that you will split the royalties with the author or publisher.
Join the Audible Affiliate Program
Another way to make money with Audible is to join their affiliate program and promote their products and services to your audience. You can promote Audible on your website, blog, podcast, or social media platform and earn commissions by referring people to sign up for Audible’s free trial or membership plans.
To join the Audible affiliate program, you need to sign up for either the Audible Creator Program or the Amazon Associates Program. The Audible Creator Program allows you to promote a custom URL that offers a 30-day free trial and a free audiobook to your listeners or readers. You will earn $15 for each free trial sign-up that you generate.
The Amazon Associates Program allows you to promote various Audible products and services on Amazon using links and banners. You will earn different commissions depending on what you promote. For example, you will earn $5 for each free trial sign-up, $10 for each Gold Digital Membership sign-up, and $0.50 for each audiobook purchase.
Sell Audible Products and Services
If you have your own online store or e-commerce platform, you can also make money by selling Audible products and services directly to your customers. You can offer them access to Audible’s library of audiobooks, podcasts, and original content as well as their subscription plans and benefits.
To sell Audible products and services, you need to sign up for the Amazon Marketplace Web Service. This allows you to use Amazon’s APIs and tools to integrate Audible’s products and services into your website or app. You will earn a percentage of the revenue that you generate from selling Audible products and services.
Create a Podcast
Podcasts are one of the most popular forms of audio content today, and Audible is one of the platforms that hosts and distributes them. If you have a unique idea, a niche audience, or a compelling story to tell, you can create your own podcast and make money with Audible.
To create a podcast you will need the same tools as creating you own audiobook. You will also need to plan your podcast’s format, style, length, frequency, and target audience. You can pitch your podcast ideas to Audible using their podcast submission form. You will need to provide information about your podcast to see if it is accepted.
You can make money from your podcast by monetizing it with ads, sponsorships, donations, or subscriptions. You can also use your podcast as a way to promote your other products or services, such as your audiobooks, website, blog, or social media accounts.
Create an Original Audio Content
Besides podcasts, Audible also produces and distributes original audio content, such as dramas, documentaries, comedy shows, and exclusive series. If you have a creative idea and a talented group of friends you can pitch your original audio content to Audible and make money with them. To pitch your original audio content to Audible, you need to submit a proposal using their online form. You will need to provide a good bit of information, like possibly a script and samples of the content.
If Audible is interested in your proposal, they will contact you to discuss the details of the project. They will also negotiate the terms of the contract with you, such as the budget, timeline, deliverables, and royalties.
Write an Audiobook Review
If you love listening to audiobooks and sharing your opinions about them, you can make money by writing audiobook reviews for Audible. Audible has a rating and review system that allows listeners to rate and review the audiobooks they listen to on a scale of 1 to 5 stars and leave comments about their experience.
You can write audiobook reviews for Audible either as a hobby or as a professional. As a hobbyist, you can write reviews for fun and earn rewards such as free audiobooks or credits from Audible. As a professional, you can write reviews for pay and earn income from various sources such as websites or blogs.
To write audiobook reviews for Audible as a hobbyist, you need to have an Audible account and listen to audiobooks on the platform. You can then rate and review the audiobooks you listen to using the rating and review feature on the Audible app or website. You can also join Audible’s Listener Rewards Program , which offers incentives such as free audiobooks or credits for writing reviews.
To write audiobook reviews for Audible as a professional, you need to have a platform where you can publish your reviews and reach an audience. You can create your own website or blog where you can post your reviews and monetize them with ads or affiliate links.
Become an Audiobook Blogger
If you are passionate about audiobooks and want to share your insights, recommendations, tips, and tricks with other audiobook lovers, you can become an audiobook blogger and make money with Audible. An audiobook blogger is someone who creates online content related to audiobooks on their own website or blog.
To become an audiobook blogger, you need to have a website or blog where you can post your content. You can use Namecheap to get the ball rolling. By clicking below you can get a domain and hosting for under $14.00 for your first month. After that it will be under $5.00 a month to keep the website hosted, including tax.
You will also need to choose a niche or topic for your content that appeals to your target audience, whether that’s genre specific audiobooks or age related. You can make money from your audiobook blog by monetizing it with various methods such as ads, affiliate marketing, sponsorships, donations, or your products. Also you can combine this with the previous one, writing audiobook reviews, to make your site more rounded.
Start an Audiobook Club
If you enjoy discussing audiobooks with other people and want to build a community of like-minded listeners, you can start your own audiobook club and make money with Audible. An audiobook club is a group of people who listen to the same audiobook and meet regularly to talk about it.
To start an audiobook club, you need to choose a name, a theme, a format, and a frequency that your club meets. You also need to find members who are interested in joining your club. You can use platforms such as Meetup, Facebook, or Goodreads to create your club and invite people to join.
You can make money from your audiobook club by charging a membership fee, selling merchandise, hosting events, or partnering with sponsors. You can also use your audiobook club as a way to promote your other products or services, such as your website, blog, podcast, or audiobooks.
Teach an Audiobook Course
If you have a lot of knowledge and experience in the audiobook industry and want to share it with others who want to learn more about it, you can teach an audiobook course and make money with Audible. An audiobook course is an online or offline educational program that teaches people how to create, narrate, review, or market audiobooks.
To teach an audiobook course, you need to design a curriculum, create a syllabus, prepare materials, and deliver lessons. You also need to find students who are interested in enrolling in your course. You can use platforms such as Udemy , Skillshare , or Teachable to create and sell your course online.
You can make money from your audiobook course by charging a tuition fee, offering certificates, providing coaching, or creating a membership site. You can also use your audiobook course as a way to promote your other products or services, such as your website, blog, podcast, or audiobooks.
This list is some of the best ways I know on how to make money on Audible. Audible can be so much more than just a platform for listening to audiobooks. Whether you are an author, a narrator, an affiliate, an entrepreneur, or a fan, you can find several ways to earn money from Audible and its products and services.
We hope that this article has inspired you to try some of these methods and see how they work for you.