Are you excited to learn how to make money on Audible?
Audible, owned by Amazon, is the world’s largest producer and seller of audiobooks.
With thousands of titles in its library, Audible offers a wide range of genres to cater to every type of reader.
But did you know that beyond consuming these captivating narratives, there are also opportunities to make money on Audible?
Read on to find out how to make money on Audible.
How to Make Money On Audible
While Audible primarily focuses on audiobooks, its earning potential extends beyond just narration and writing.
Here’s a breakdown of the various avenues you can explore:
1. Self-Publish Your Audiobook
If you are an author, you can self-publish your audiobook on Audible.
If you’re an author who also enjoys narrating, you can combine both roles and keep the majority of the profits.
Otherwise, you can hire a narrator on Audiobook Creation Exchange (ACX) — more on ACX later.
You don’t need to write a book from scratch as you can turn your existing written work into an audiobook.
Once your audiobook is published, you can earn royalties on each sale.
This requires investing in narration, editing, and marketing, but the potential rewards can be significant.
2. Master the Art of Narration
If you don’t have a book but have a captivating voice and strong reading skills, ACX can be your launchpad.
ACX is Audible’s platform that connects authors and narrators.
Authors can easily find audiobook narrators and producers, while narrators have access to audiobook gigs.
On ACX, you can create a profile showcasing their skills, experience, and samples of their work. Once you have a profile, you’ll be available for hire for a fee or for a no-cost, royalty-sharing partnership.
You can also consider acquiring narration rights to existing works. This option involves negotiating with copyright holders and setting your own royalty rates.
Sign up as a narrator, audition for projects, and get paid based on agreed-upon rates. This is a competitive field, so hone your skills and build a portfolio to stand out.
3. Become an Audible Affiliate
One of the easiest ways to make money on Audible is by becoming an affiliate.
Audible has an affiliate program that allows you to earn a commission by promoting their products, including audiobooks, memberships, free trials, and more.
You can sign up for the Audible affiliate program and start promoting any Audible product you choose on your blog, social media, or anywhere else you have an online presence.
Whenever someone clicks on your affiliate link and makes a purchase, you earn a commission (typically 10-25% of any sale generated).
This is a passive income stream but requires consistent promotion and a relevant audience.
4. Participate in the Audible Bounty Referral Program
Audible has a bounty referral program that rewards users for referring new customers. This is different from the affiliate program.
The bounty program pays fixed bounties (typically higher than affiliate commissions) for specific actions, like signing up for a free trial or becoming a paying member.
You can earn a bounty of up to $75 and it only promotes specific offerings that Audible wants to push.
5. Create and Monetize Audio-Based Content
If you host a podcast or create original audio content, explore publishing it on Audible.
This can expand your reach, attract new listeners, and potentially lead to subscription revenue.
If you’re not an author or a narrator, then this is how to make money on Audible with content.
However, keep in mind that the idea you submit has to be original and not yet currently available to the public.
Conclusion: How to Make Money On Audible
I hope you’ve learned how to make money on Audible with the above information, but here’s something that’s beyond the money:
While earning income is a great motivator, remember that Audible offers more than just financial rewards.
It’s a platform for sharing your voice, connecting with listeners, and contributing to the world in your own unique way.
So, take pride in your work and the impact it can have on others.
