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How To Make Money On Amazon Audible?

Are you a writer, narrator, or podcaster hoping to make money from your content and expand your audience? Then Amazon Audible is the only place to go!

Amazon audible offers the ideal chance to turn your passion into money thanks to its millions of customers and a wide variety of audiobooks, podcasts, and spoken-word content.

But how to make money on Amazon Audible?

This article will cover the specifics of making money on Amazon Audible and give you the advice you need to succeed on Audible, from publishing your audiobooks to producing engaging podcasts.

So prepare to increase the volume of your revenue with Amazon Audible!

What Is Amazon Audible?

Amazon audible is a leading audiobook and podcast streaming service that lets users download and stream audiobooks and other spoken word content. It is an Amazon subsidiary where users can either get subscription-based services or purchase independently.

What Is Amazon Audible

Subscribers to Amazon audible have access to exclusive material that isn’t accessible anywhere else, as well as the option to download and listen to an unlimited number of audiobooks each month.

Overall, Amazon Audible offers a practical and easy option for individuals to listen to their preferred books and podcasts. Audible has established itself as one of the most well-known and dependable suppliers of audiobooks and spoken-word entertainment thanks to its sizable library and adaptable subscription strategy.

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How to Create an Amazon Audible Account?

Creating an Amazon account is easy as it only takes you to go through a few simple steps.

To create an Amazon audible account, all you’ll have to do is:

  1. Go to Audible and click on Try for $0.00.
  2. Sign in with your Amazon account by entering the sign-in credentials.
  3. If you do not already have an Amazon account, create one by clicking on the Create your Amazon account option, either using an email address or a mobile number. If you do not want to use your personal phone number for safety reasons, you may also get a virtual phone number to sign up.
  4. Then you need to add a credit card to your account if one isn’t already there.
  5. Finally, click on Start Free Trial.

That’s all there is to it! Once the free trial (for 30 days) is over, you will automatically be billed $14.95 per month for an Audible membership if you do not cancel.

Can You Make Money on Amazon Audible?

Yes, you can make money on Amazon Audible. The percentage royalties for audiobooks aren’t quite as high as those for eBooks, but you can still earn with the appropriate approach.

However, several factors influence how much money you can make, including the length and complexity of your book, your marketing skills, and the size of your audience.

It doesn’t matter whether you’re an artist, writer, or just a person who wants to earn some extra money; you can generate a steady income using the platform’s monetization methods.

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Best Ways To Make Money On Amazon Audible

Whether you have a knack for storytelling or not, there are many amazing ways to make money on Amazon Audible.

Here are some best ways to earn on Amazon Audible.

1. Publish Audiobooks

If you’re a writer/publisher wanting to expand the market by turning your written works into excellent audio recordings, then Amazon audible is the one.

With Amazon Audible’s wide audience and cutting-edge technology, you can easily start receiving royalties and reach a global audience. It helps you bring your written words to come to life.

An audiobook version of your writing can help you as an author reach a larger audience and create a new revenue stream. With Amazon Audible’s user-friendly platform, you can publish your audiobook and receive royalties with just a few clicks.

The resources and assistance you need to create a successful audiobook are provided by Amazon Audible, whether you choose to narrate it yourself or hire a pro.

So if you want to earn on Amazon Audible by publishing your audiobooks, the following points will help you succeed in doing that.

i. Select a keyword that makes you money

Keyword means the topic you are covering in your book. For example, if you are interested in baking, you might publish a book about “vanilla muffins.” Here, vanilla muffins are the keyword.

If you want to make an income by publishing books on Amazon audible, choosing a profitable keyword is crucial. The keyword for your book should be something a large number of people are interested in reading but has low competition.

ii. Write the book

Obviously, you first need to write a book to publish them as audiobooks. But what if you don’t have the time to write a whole book?

Don’t worry! You can always outsource writers to write your book. You may find some ghostwriters on platforms like Upwork, Fiverr, etc., and hire them to write the book for you.

iii. Design a cover

The book cover is the first thing readers see, and while some might not really care how it looks, many still do, unlike the popular saying.

The cover of a book is what attracts readers to your books, so make sure you design it in a way that suits your tone and theme. You may design it yourself if you have basic graphic design knowledge; however, I suggest you hire a professional to do this right for you.

iv. Narrate the book

If you have the time to narrate the book yourself, you can go ahead narrating and save some money. However, you may also hire narrators to narrate your books.

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2. Audiobook Ghostwriting

Offering audiobook ghostwriting services is one way to earn income on Amazon Audible. This involves producing an audiobook for a customer who would later market it as their own on Amazon Audible.

You can make money by charging a price for your writing skills on a per-word, per-hour, or per-project basis.

However, it is important that you conduct market research, comprehend the client’s goals and target market, and have a clear agreement in place addressing payment, deadlines, and other specifics prior to getting started.

Additionally, ensure you are well-versed in the technical specifications for Amazon Audible and the audiobook production process.

3. Promote Audible Products and Services

Selling Audible products and services is another great way to make money online. In addition to selling your own audiobooks. For instance, you may use the platform to sell eBooks, audiobooks, or other goods and services.

To promote audible products and services, all you’ll have to do is

  • Use the Audible website or app to register for an Audible account.
  • Upload a recording of yourself on the platform outlining an Audible product or service.

Then, you’ll get a commission for each sale you make. The nicest thing about selling Audible goods and services is that you won’t have to bear the marketing expenses.

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4. Affiliate Marketing

One of the simplest ways to earn money on Audible is to sign up as an affiliate. In affiliate marketing, you advertise other people’s products or services on your blog, social media, email, etc.

In return, you will receive a commission once it leads to a sale which can turn into a well-paying passive income source over time.

Simply register as an affiliate on Audible’s website to get started, and you’ll receive an affiliate link you can use in your content.

If you want to earn enough as an audible affiliate, follow these tips:

  • Suggest books that are of value to your audience: Audible is the ideal sponsor because it is in line with the interests of your listeners and is the top provider of digital books. Countless novels are available, so you’re likely to discover something that appeals to your listeners.
  • Offer a Free Audiobook to Your Audience: Free things are always appreciated. With the 30-day free trial membership, you may provide readers with books of their interest for free, which will increase conversions. You can lead them toward the ideal books on your blog and social media.
  • Make Money Without Selling: You can earn money just by directing listeners to books they enjoy. Simply mention Audible’s free trial and use your unique URL to send visitors to the landing page for the trial offer. Doing this will benefit your listeners and establish a passive income stream for yourself.

5. Turn into a Narrator

Narrating other people’s works is a great way to earn money on Audible. You may do this in exchange for a percentage of the audiobook’s sales.

Depending upon the sales of audiobooks and their revenue, you may create a consistent passive income for you, and the best part is that you only have to upload your narration once.

To become an audiobook narrator, sign up for ACX, create a profile, and begin pitching potential customers for narration.

On Audible, you can select the books you want to narrate from a range of categories. Register for the platform, create a profile and upload some samples of your work to get started.

After that, you may begin choosing the books you want to narrate and holding auditions for each. If the author decides to work with you, you’ll be able to agree on fair pricing before beginning to record the manuscript.

There are three methods for narrators to earn on Audible:

  • Per Finished Hours (PFH): You get one fixed price for narrating the whole book.
  • Royalty Share: The royalty is divided with the author or book’s rights owner.
  • Royalty Share Plus: It is a combination of PFH and royalty shares where you receive a fixed price for narrating the book and royalties.

The earnings of Audible narrators vary depending upon the subject and duration of the audiobook, as well as the narrator’s skill. Experienced Audible narrators can anticipate monthly earnings of $500 to $5,000 on average.

Along with this, you can find popular books in various genres and turn them into audiobooks as an alternate way to earn money narrating books. This way, you’ll continue to be compensated if the book is sold.

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How To Keep Making Money On Amazon Audible: Tips for success

Even though anyone may make money from Audible, only a few appear to profit the most from the site. Fortunately, you may generate a full-time income from the platform if you have the correct plan in place.

Here are some tips to help you increase your Audible earnings.

1. Pick a Lucrative Niche

Choosing a profitable topic is one of the best methods to ensure you generate steady revenue on Amazon Audible.

It is necessary to choose a subject that interests you deeply, but along with that, it also needs to be something that other people are interested in if you want to increase your sales on the platform.

2. Collaborate with Brands and Influencers

Partnering with other companies for the promotion of your goods or services will guarantee you additional revenue on the platform.

To assist you in selling your products, for instance, you might collaborate with libraries, bookstores, etc. This way, you each gain from the other’s audience, creating additional opportunities to increase revenue.

3. Sell Through ACX

Selling your audiobooks through ACX helps you earn more profit by allowing you to sell solely through Amazon, iTunes, and Audible and earn 40% of the royalties.

If you choose the non-exclusive option and sell your audiobooks on any other platform, only 25% of the royalties will be paid to you. Additionally, you cannot divide your earnings with the producer while choosing this option.

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How to Sell on Amazon Audible?

To sell audiobooks on Audible and make money, follow this step-by-step guide.

  1. First, create an account with ACX (Audiobook Creation Exchange). Use your Amazon account to log in if you already have one. If you don’t already have one, create an Amazon account.
  2. Then, choose the option Start My Audiobook.
  3. Choose This is my book once you search for your audiobook on the Amazon library.
  4. Of the two options you see, choose the option ‘I already have audio files for this book, and I want to sell it.’
  5. Then click on the Continue option.
  6. For the next step, click Continue after selecting the territory, the terms of distribution, and the language of the book.
  7. Agree on the terms and conditions.
  8. Then, fill up every necessary information.
  9. Now click on Save and continue after entering the chapter names.
  10. Upload the audio files and book cover.
  11. Finally, send in your audiobook for reviews.
  12. Your book should be available for sale after 30 days. So provide your tax and bank information.

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Top-Earning Amazon Audible Users

It is possible to generate a full-time income from the platform if you have the right plan in place. And while anyone can earn money from Audible, only a few seem to be the most successful.

On Audible, you can expect to monetize in four different ways:

  • Publishing audiobooks: $15 to $25 per book
  • Narration: $500-$5,000 per book
  • Affiliate marketing: $15 per sale
  • Promoting Audible products and services: Paid as a commission

So who are the top-earning Amazon Audible users?

Here’s a list of people who earns the most on Amazon Audible.

  1. Paula Hawkins: He is the author of “The girl on the train,” the most wish-listed audiobook on audible.
  2. George Guidall: George Guidall, the man with the baritone voice, is considered to be the highest-paid narrator on Audible and has narrated over 1,300 audiobooks.
  3. Marcus: A YouTube channel owner who makes over $100 with Amazon’s Audible affiliate program.

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Conclusion

Thus, if you are a skilled writer or podcaster with a knack for storytelling or just someone wanting to earn extra cash, it is possible to broaden your horizon and increase your income streams through Amazon Audible by selling audiobooks/podcasts, narration, affiliate marketing, etc.

Since Audible is a relatively new platform, the income potential is high. Why not give it a try? Get started right now by using the information in this article!

FAQs

Do I need to have a certain level of experience to make money on Amazon Audible?

Whether you’re a writer, artist, or just someone who wants some extra cash, you can make money on Amazon Audible utilizing any or all monetization methods without any prior experience.

However, to make the most profit, you may need to gain some experience and learn the ins and outs of Amazon Audible.

How do I set up a seller account on Amazon Audible?

To set up a seller account and start publishing your audio content for sale on Amazon Audible, you can use Audiobook Creation Exchange (ACX).

Audible’s ACX self-publishing platform provides quality control, calculates and pays royalties, distributes audiobooks through Amazon and other distribution channels, etc.

Sign up for an ACX account, register your book, enter the required information, then submit the files.

How do I find a profitable niche on Amazon Audible?

To find a profitable niche on Amazon Audible, you must ensure that your content’s topic interests the listeners. Do not just run after the trend and find some evergreen content.

It is also necessary to research the competitors of similar niches and see how well they are performing by publishing content on the niche. If you feel it’s worth it, you can go for it.

Additionally, go for a keyword with relatively high demand but low competition.

What are some tips for recording and editing audiobooks?

Some tips for recording and editing audiobooks are:

  • Buy a good microphone.
  • Improve your pronunciation.
  • Control your breathing.
  • Read slowly.
  • Stay consistent while reading.
  • Follow the audio submission criteria provided by ACX.
  • Edit with headphones on.
  • During quality control, listen to the recording while reading the manuscript.

How can I promote my audiobooks on Amazon Audible?

To promote your audiobooks on Amazon Audible, here’s what you can do:

  • Create a landing page for your audiobook.
  • Include the links of your audiobook everywhere, from social media bios to blogs, podcasts, emails, captions, etc.
  • Make announcements for your book pre-order and launch.
  • Create an Audible author page.
  • Mention your audiobook on podcasts.
  • Promote using paid advertising.
  • Give discounts, etc.

How do I earn money on Amazon Audible?

On Amazon Audible, you can earn money by promoting audible products, ghostwriting, book narrating audiobooks, publishing audiobooks or podcasts, and affiliate marketing.

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