How to Make Money on Audible
As an audiobook platform, Audible offers people a great opportunity to make money. The growing demand for audio-based content has opened up avenues for individuals and businesses to make a lucrative living. Do you want to know how to make money on Audible? This article offers insights into various ways you can make money on Audible. Below are the five proven ways to make money on Audible:
Publish an Audiobook on Audible
The first and most common way to make money on Audible is by publishing an audiobook. Audible is the best platform for getting your audiobook heard by thousands of listeners. Here’s a step-by-step guide on how to publish your audiobook on Audible:
- Create an account with ACX (Audio Creation Exchange) – this is a platform that connects authors, publishers, and narrators with Audible.
- Upload your audiobook’s audio files to ACX. The audiobook needs to meet Audiobook Creation Exchange (ACX) standards.
- ACX will help you find a professional narrator who will do a quality recording of your audiobook. Alternatively, you can record and edit your audiobook on your own.
- ACX will go ahead and create your audiobook on Audible once it passes the ACX quality control tests.
- Earn revenue from your audiobook after people purchase and download it on Audible.
Publishing your audiobook on Audible comes with numerous benefits. For instance, you will receive part of the revenue generated each time someone purchases and downloads your audiobook. Additionally, publishing an audiobook on Audible gives you access to millions of Audible’s listeners, making it easier to reach a broader audience.
Creating a successful audiobook on Audible takes time and effort. For instance, it would be best if you invested in high-quality recording equipment and software. Additionally, an excellent audiobook needs professional narration, narration that engages listeners and brings out the book’s tone and pacing.
Narrate Audiobooks for Others
Another way to make money on Audible is by narrating audiobooks for others. In other words, you get paid for narrating other people’s books. Podcasters, authors, and publishers often look for professional narrators for their audiobooks. Here’s how you can make money by narrating on Audible:
- Create an account with ACX and create a profile highlighting your narration experience and skills.
- Brows through ACX’s open audiobook gigs available and apply for one that suits your skills and experience.
- Audition for the audiobook and only start recording once you have won the job.
- Earn revenue immediately after recording the audiobook and submitting it to the author or publisher for review.
Becoming a successful narrator on Audible requires effort and dedication. You need to have excellent narrating skills and be skilled in researching and preparing beforehand, handling editing and post-production tasks on the audiobooks.
License Content on Audible
Another great way to make money on Audible is by licensing your content. This method involves either licensing your existing content or creating new content that you intend to license. Here’s how you can license your content on Audible:
- Create content that is either an audiobook or educational course.
- Search for distribution partners and pitch them with your licensing offer.
- Audible will negotiate a deal to license your content on their platform.
- Earn a revenue share each time someone purchases or downloads your course or audiobook.
Licensing your content on Audible can be a great way to make money. Additionally, licensing content can help you reach a broader audience and gain more exposure for your content.
Promote Audible Products as an Affiliate
You can also make money on Audible by promoting their products as an affiliate. Audible provides an avenue for people to become affiliates and earn revenue each time they direct someone to Audible’s website. Here’s how you can become an affiliate on Audible:
- Sign up for the Audible Affiliate program on their website.
- Choose the product or products you would like to promote and generate your unique affiliate link for those products.
- Promote the product(s) using your affiliate link on your website, blog, social media platforms, among others.
- Earn a commission each time someone purchases or downloads a book by clicking on your affiliate link.
As an Audible affiliate, you will earn a 10% commission on all products purchased within 24 hours from Audible by customers clicking on your link. Promoting Audible products as an affiliate is an excellent way to earn additional income.
Create a Course on Audible
Creating a course is another way to make money on Audible. The platform allows people to sell their courses, similar to Udemy or other e-learning platforms. Here’s how you can create and sell your course on Audible:
- Create a course outlining what you’d like to teach and record the course content.
- Upload the course material to Audible, following their quality standards.
- Wait for the course to get approved and published on the platform.
- Start earning income immediately the course goes live, once people purchase and access your course.
The Platform presents you with the opportunity to offer high-quality educational courses that enrich people’s lives while earning good money. Audible allows you to take advantage of its vast reach and user base to sell your course.
Conclusion
Overall, there are many ways to make money on Audible. It is up to you to decide which method suits your skills and experience. Whether you choose to publish your audiobook, narrate books for others, license content, promote Audible products as an affiliate, or sell an educational course, there is something for everyone on Audible. We hope our article has given you insights on how to earn an income on Audible.