Are you looking to make cash online as audiobook narrations? It’s possible with Audible.
Amazon’s Audible is a market-leading provider of the audiobook with high quality. It connects authors and narrators.
If you’re keen on making cash and making money passively through the audiobook marketplace, you’ve found the perfect place.
This guide explains how to make money with Audible with helpful tips and methods.
What Is Audible?
The Audible service is Amazon’s digital audiobook and podcast services. It’s among the most used audiobook platforms of today.
Many people subscribe to Audible’s subscription plans, but this is optional. There is a way to buy audiobooks on Audible without membership.
Consider Audible as an online equivalent of the libraries you used to frequent as a child or a bookstore you frequently frequented as an adult.
How to Make Money on Audible; 4 Actionable Methods
The easiest way to earn money with Audible is by creating audiobooks and selling them.
Two paths are available to choose from:
Start recording and writing yourself: If you’ve got some spare time but have no money, You can create your novel and utilize recording software to make the audiobook version.
The audio quality must be of the highest standard, so it’s essential to get excellent audio quality, or else you’ll spend a lot of time.
After making your audiobook, transfer the audio file to ACX or another distributor and begin selling the audiobooks you’ve recorded.
Create but get an audiobook narration expert: Narrating books isn’t easy. It requires a well-planned arrangement, proficiency in varying narration speed, and an excellent voice.
It is also necessary to buy the proper tools and software for editing.
It is possible to avoid all of the above by utilizing the services of professional narrations with experience in speaking-word entertainment on the ACX platform. Then, you pay the person who will read the book.
Voice actors can be paid between $100-$300 per completed hour for narrating books, and you could also share royalties when you cannot afford upfront payments.
How to Create Audio Books?
There’s a way to make profits through Audible. Below are the steps to take to begin creating your audiobooks that be sold through Audible:
Pick a keyword: Select an industry and profitable market that is a good one for people to be attracted to. My advice for anything on Amazon is to use Junglescout. It will help you identify the best-selling audiobooks, the number of each month they sell, and the average amount they earn.
Create the book: Once you’ve identified the keywords you’d like to focus on, you’ll be required to write the book. If you’re not keen to do the writing on your own, consider hiring a ghostwriter. Upwork, Fiverr, Freelancer, etc., are fantastic places to search for authors.
Design a cover for your book. Your book’s cover is a crucial aspect of your selling process. Don’t be stingy on this aspect. If you’re skilled in design, you can use software such as Canva. There are other options. Fiverr is a fantastic location to locate the best book cover design companies.
Begin recording by creating your recording set-up using high-quality microphones with comfortable, quiet, and no echolocation to record, and an online recording software like Audacity, or you can employ an audiobook narration service through ACX depending on factors such as the gender of the person, their accent, language and more.
Create and sell audiobooks. When the recording process has been completed, you can upload the audio file to Audible. Audible provides 50 promotional codes for your loved ones and relatives to download the audiobook free and listen to it offline. Audible will label each download as a sale, ranking your book higher and resulting in actual sales.
Now the difficult task begins to attract reviews for your audiobook and advertise it via your podcast, your website (if there is one) or social media channels, emails, or any other platform you’ve got at yours.
Become a Narrator
If you’re not keen to create and publish your work or think your voice or narrating abilities are unique, being an audiobook narrator could be another option to earn cash via Audible.
Here are the steps that you must follow:
- Join ACX and set up your profile.
- Send high-quality audio files. ACX has quality control instructions that must be followed.
- Pick books of the genres that you’d like to read and submit an application to audition.
- If the book’s author chooses the author, you may opt for the model of a pre-finished hour or an option for the model of royalty shares. There is also the model of royalty share plus that combines both PFH and the royalty share models.
Experienced narrators can earn anywhere between $500-$5,000 a month.
Become an Audible Affiliate Marketer
Perhaps you’re asking, “How does Audible make money?” They also employ affiliate marketing to sell distribution contracts and take some of the royalties.
Businesses use affiliate marketing for product or service awareness. Affiliates are people or websites promoting the company; as a result, the business pays the affiliate a percentage of every sale, click, or registration they get.
The affiliate program at Audible works by referrals. That is, it is your responsibility to introduce people to Audible by providing a unique promo code, and when they decide to join Audible, you receive a fee.
The program is known as The Audible Creator Program, and it provides a referral fee of $15 and a free eBook with every new client.
To begin using your first steps in the Audible Affiliate Program, You’ll have to register, make promo links and then share the links with others. Below are some suggestions for getting the word out:
- Share them via social networks, including Facebook as well as YouTube
- Incorporate them into your blog using links or banner ads
- Please send them to relatives, friends, and colleagues
- Make them available on podcasts and other platforms that promote them.
- Affiliate marketing is only one option to earn income from your writing. It is a lucrative option if you can reach a broad public and make many payments. If it does not bring you a lot of money, it could boost your sales for books and supplement the royalties you earn with a stable source of revenue.
Sell Audible Products/Services
Think about a more promotional role. If you’re looking, you can earn money through Amazon Audible rather than as the Narrator. You could offer Audible items and services and get a percentage of the sales via their Amazon Associates Program.
Amazon Associates Program Amazon Associates Program allows you to earn cash for each purchase made or trial you complete using your advertising hyperlinks. Similar to the Amazon affiliate program, you have a variety of ways you can earn, and each one has its payouts.
In this case, those who sign up for a no-cost 30-day trial can earn five dollars. If someone visits your site and decides to join a paid or premium Audible membership, You will receive $10.
Another option to earn cash is to make the carte (ALC) selling. They are small, unrelated transactions where a person purchases a book through Audible and does not have the benefit of an Audible membership. The books are only worth $0.50 per book. However, they could add up over time.
The Amazon Associates Program can be ideal for those looking to earn a living via Audible and not be Audible content creators.
There is no need to create any ebooks or even narrate audiobooks. Make sure to spread the word about Audible via any platforms, networks, or fan bases you are a part of, and reap the rewards of a service based on commissions and backed by the people in your network.
Summary of Making Money on Audible
By using Audible, it is possible to earn additional money that can help pay for your monthly expenses or unplanned costs. Enroll in their affiliate program to get paid $15 each time you sign up and create your audiobook, offer products and services, and narrate the narration of others’ works.
Follow these easy steps to sign up on Audible and begin earning money through the service:
- You can create an account by going to the Audible site. Register and confirm your email address to get to work.
- Install and download any available apps for your device to use the services of these apps.
- To create your very first audiobook, it is necessary to use your ACX platform.
- Then, you can collect your money on every sale you’ve made. Affiliate marketing is a form where the minimum amount you can earn is $30. You can earn between $500 and $5,000 monthly with the narration option.