How To Make Money On Audible In 2023?

Do you want to know “how to make money on audible”? Because the growing demand for audiobooks is a fantastic chance for authors to earn a living from their work even when they’re not actively working on it.

A well-planned audiobook may be recorded in only a few hours and released to the public with the potential for a substantial financial return (ROI).

Make money off of your audiobooks and podcasts with the aid of Audible’s services. The Amazon-owned service offers listeners access to over 3 million audiobooks, including everything from recent releases to timeless classics.

Fact: Audible produces more audiobooks than anybody else on the planet. Audio offers more professional and famous narrators and unique features that keep consumers coming back every month than other audiobook distributors like Google Play and iTunes.

Is It Possible to Make a Living Using Audible?

Yes, Audible may be a source of income if you know how to use it properly. You can still make a good living off audiobooks, even if the royalties are lower than those for eBooks, provided you know what you’re doing.

Everyone from writers and artists to anyone seeking extra cash may use the platform’s many monetization options to build a sustainable revenue stream.

Check out the amount given to prominent audiobook maker Dane Mcbeth to get an idea of the money made with this business model:

Self-Publishing Platform for Audible Books: What Is It?

Audible ACX, or Audiobook Creation Exchange, is a self-publishing marketplace for audiobooks. The Axis onboarding process is simple. A creator needs just join up, claim their book, fill up the information, and submit the files.

Also available from ACX are the following options:

• Author-to-narrator pairing services
• Auditory testing and clearance before release
• Getting the book out to the online retailers
• Payment of royalties for books

The interface is intuitive, and all the relevant data is presented in a single place. So, let’s check out some quick and easy methods of making money.

An opportunity exists on the platform for anybody with creative and artistic faculties to make money by recording their audiobook and selling it to others.

How To Make Money On Audible?

These are the following best ways to know, “How To Make Money On Audible”.

Create Audiobooks

Fiction, nonfiction, and everything in between may all be made into audiobooks. If there is demand, the platform will have a section for it.

If you feel uncomfortable writing and recording your audiobook, there are always professionals you may pay to do the job.

Since they have the time but not the means, these folks may find it worthwhile to create the material themselves, then record and edit the audio recordings themselves.

If you’re on a tighter budget, you may hire a narrator after listening to their auditions on ACX and submit the audiobook yourself.

5 Steps to Creating an Audiobook on Audible

Create your audiobook according to the guidelines, and then publish it on the platform to begin receiving royalties from sales immediately. Each book on Audible typically costs between $15 and $25.     

Step #1: Locate a Profitable Keyword

Your novel will revolve around this subject. If you’re interested in health and fitness, you may focus on topics like “liver cleaning” or “gut wellness” in your book.

If it’s a topic that interests people, gets a fair amount of monthly searches, and has very little competition, you’re off to a good start. The cornerstone for your Audible book sales success might be a lucrative keyword.

Step #2: Hire a Ghostwriter

Naturally, you can just write the book yourself if you’re a writer. However, outsourcing the labor is a terrific choice for individuals who need more time or resources to write the book themselves.

Sites like Fiverr, Upwork, and ProBlogger make it easy to find and hire ghostwriters.

Step #3: Create a Cover

You may develop your book cover yourself if you have any graphic design skills. For those without the requisite talents, just hire someone from one of the freelancing markets described above, and they’ll be able to produce your book cover for you for only a few bucks.

Step #4: Hire a Narrator

Once again, narrate your book yourself if you can do so.

The good news is that you can get a professional narrator to perform the job if you need more confidence in your voice.

Amazon’s technology, not Audible but ACX, makes it simple to hire professional voice actors to narrate your audiobooks.

To choose the best narrator, just go to the correct section and apply criteria such as gender, language, accent, etc.

If you’re looking for someone to narrate your book, it’s best to listen to their previous work or have them audition for the role beforehand.

Send them a message and see if you can work out a contract to have them narrate your audiobook. If you want an audiobook, you may expect to spend anything from $100 to $300 PFH (per completed hour).

Step #5: Post on Audible and Promote

Once your book has been narrated, the last step is to upload it to Audible and begin advertising it.

With the 50 free download codes ACX gives you, you may share your book with friends and relatives. Every download is a potential sale, and as your book’s ranking on Audible rises, so will the number of actual copies sold.

Your blog, YouTube channel, podcast, social media accounts, email, and other means of spreading your content and attracting readers may all be used to advertise your book.

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2) Affiliate Marketing

Joining the Audible affiliate program is a simple way to start making money with the service. Affiliate marketing is generating revenue by advertising the goods and services of others to your audience via various online mediums such as blogs, social media, email, and so on.

A commission is paid if and only if this leads to a sale. It can grow into a substantial stream of passive income over time.

Visit the Audible website and fill out the affiliate application to get started. You’ll be given a special affiliate link to use in your writing. Tips to Help You Succeed as an Audible Affiliate: 

• Provide Natural Value to Listeners
• Make Money without Selling
• Offer Your Audience a Free Audiobook

3) Sell Audible Products and Services

You can sell your audiobooks and also Audibles. You could, for instance, use the platform to peddle CDs, MP3s, eBooks, and anything else you happen to be peddling.

In addition, there is no need to engage in any advertising. You must sign up for the service, then record yourself recommending the product or service and post it. When a sale is made, you will be paid a commission.

4) Become a Narrator

Narrating the works of others is a lucrative side business on Audible. To offer your voice for audiobooks, you must sign up on ACX and make a profile.

Conclusion 

If you like to make money online, Audible is an incredible avenue.

The information in this blog should have helped you get a better grasp on the various ways you can make money on Audible, including but not limited to: selling audiobooks, creating and publishing audiobooks, narrating the audiobooks of other authors, and promoting Audible and Amazon products and services through affiliate links.

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