If you have been looking for how to make money on Audible, this is your answer! You have probably heard a couple of people talk about how they make passive income from the self-publishing platform and wonder if it can ever be true.
Well, you can make money on audible in a few different ways. That means you could be listening to audiobooks and, at the same time, getting paid. In this post, we will show you all that you need to know about how to make money on Audible. So, let’s go!
Can You Actually Make Money on Audible?
Audible is a platform that allows you to self-publish and sell audiobooks. The platform has been around for quite some time. But recently, it’s been gaining popularity again thanks to the rise of audiobook sales. So, can you actually make money from the platform? The answer is yes!
Although the royalties on audiobooks aren’t quite as high as what eBooks make in percentage terms, you can still earn a healthy income if you use the right strategy. The platform allows users to make good money from the platform in different ways.
Whether you are a writer, an artist, or an ordinary person that is looking to make some extra income, there are different monetization strategies that can help you earn on Audible. We will discuss a couple of them in this post!
How Much Can You Make on Audible?
There is no limit to how much you can earn on Audible. You get paid per sale, and the more sales, the more money you will make. So there is no limit to how much you can earn on the platform. Your earning potential is only limited to the amount of work you are able to do.
So, get a good strategy and put in the work. You will be surprised how much income you can make from Audible monthly.
How to Make Money on Audible
#1: Create audiobooks
Audible is looking for new voices. If you have an expert in a certain subject or just want to read a book that’s been sitting on your shelf for years, you can turn those words into money by making an audiobook.
Audible pays royalties of up to $100 per finished hour after the first 100 hours of sales. You’ll also get paid a bonus if your book sells more than 1,000 copies in its first 30 days.
Best of all? There’s no cost to create an audiobook on Audible—not even for editing or marketing! And if it does well, they’ll promote it for you. All you need is some time and a computer with recording software installed.
#2: Affiliate marketing
Affiliate marketing is when you get paid a commission for referring someone to the site, and then that person buys something. When you refer someone who signs up for Audible and goes on to buy one book, you’ll get a commission on that sale.
You can sign up for affiliate marketing and then link your account with your Audible account. Once you’ve done that, it’s time to start promoting! You can share links on social media or send emails with your affiliate link in them.
That way, every time someone clicks through your link and makes a purchase, they’re helping support your favorite author while also supporting you with commission fees.
#3: Be a narrator, narrating other people’s works
If you have a great voice and want to make money, you can be a narrator on Audible!
You’ll need some equipment, like a microphone and headphones, but once you’ve got that, you can start getting paid.
Audible is looking for professional narrators who are able to read quickly and with good intonation, so if you have those skills and have been told by friends or family members that your voice sounds good, narrating could be your ticket to earning money from home.
You can narrate audiobooks, which means that you’ll read the book out loud and record it. You get paid per finished hour of recording time. Narrating books can bring in anything from $500 to $5,000 per month on average. The cost varies according to the subject, length, and quality of your performance.
#4: Sell Audio products and services
You can earn money by selling Audible products and services. Whether it’s audiobooks or subscriptions, there are plenty of ways to make money by selling Audible products.
Just sign up for a professional marketing plan and start reaching out to potential customers on social media, in real life, or through email.
Tips for Earning the Most Money on Audible
If you’re looking to make money on Audible, you’re in luck. There are a few things you can do to make your audiobooks more profitable.
Choose a profitable niche
This is the most important step—you need to be able to sell books about something people want to buy. You should also try to find a niche that hasn’t been saturated with audiobook content yet. This will help you stand out from the crowd of authors already selling on Audible.
Partner with brands and influencers in your niche
This is another way to stand out from the crowd! If your audiobook is related to a company or person who is already popular in their field, they may be interested in promoting it through social media or other means of publicity. And that can have a huge impact on sales numbers!
Sell through ACX (Audiobook Creation Exchange)
ACX allows authors like yourself to upload their work for distribution by Audible. As an author-distributor, you get 70% royalties on every sale made through ACX instead of the standard 35% royalty rate offered by Audible itself!
Try out different genres
Audible has a wide variety of genres and subgenres, all with their own categories and subcategories. This means that there are a lot of ways for you to find something that will appeal to your tastes. If you find yourself listening to one genre regularly, try branching out into others!
Final Note on How to Make Money on Audible
As we’ve seen, there are many ways to make money on Audible. You can earn affiliate income by promoting products from an existing catalog or creating your own audiobook and selling it on the platform.
You can also narrate other people’s works or create a podcast series for your own brand under the Audible name. All of these options offer great opportunities for anyone looking to monetize their voice and find their niche in the world of audio content creation.
