Many people don’t realize how many ways they can make money with Audible. Among its many benefits is its ability to help you sell your own audiobooks as well as make money through affiliate marketing, making this a leading audiobook platform full of opportunity.
This might be the side hustle you’ve been looking for if you’re looking for a fun and creative side gig. Aside from showing you how to get started, I’ll also show you how to earn money on Audible.
There are also other audio content offerings offered by Audible, including podcasts and Audible Originals (original books, courses, journalism, and plays).
Audible’s Best 4 Ways to Make Money
- Sell audiobooks
- Narrate audiobooks
- Host Your Podcast On Audible
- Offer audiobook production services
01. Sell audiobooks on Audible and earn money
Creating audiobooks from your published book is a good way to make money on Audible as an author.
Narrators can either record your audiobook for you or you can do it yourself if you already have a professional setup or have a connection that can let you use their studio. Publishing audiobooks can take some time and effort upfront, but the rewards can last for years to come.
Audiobooks can be sold on Audible by publishers and authors who receive a percentage of the sale price.
02. Become an Audible narrator
Recording audiobooks for Audible is a lucrative way to earn money if you have a professional recording setup and a strong voice.
Your income can be passive if you narrate audiobooks through this program. A career as an audiobook narrator provides an excellent opportunity for networking and becoming acquainted with other audiobook narrators.
03. Publish an Audible podcast
Podcasts have grown in popularity over the last few years, leading Audible to host and sell them. A subscription to Audible can monetize a popular podcast you are hosting on Audible.
Aside from Apple iTunes, Google Play also sells audio versions of podcasts. When you are an Audible affiliate, you can use your affiliate link to sell audible products.
04. Service Provider for Audiobook Production
A third way to make money on Audible is by producing audiobooks. Producing audiobooks is handled by audiobook producers throughout the process.
Among the things they are responsible for are:
- Finding, selecting, and casting narrators for each book.
- Assuring proper pronunciation for all words, marking down mistakes or misreads, providing feedback to voice-over actors, and so on.
- Supervising the post-production editing and mixing of projects.
- Maintaining the tone and vision of the author’s book through the narration.
A home studio is an excellent place to start if you plan to provide audiobook production services on your own. The tools you’ll need for recording are likely to be audio equipment and software such as Audacity or Pro Tools. Once that is done, you can hire out services like narration, sound mixing, and QA testing.
How to Make Money with Audible Affiliate Program?
You can join Amazon Associates Program and Creator Program through Audible.
Amazon Associates Program:
Since 18 years ago, Amazon Associates has provided a way to advertise and promote your products on Amazon. Audible purchases can earn advertising fees, which was included in the program in 2015.
While the program is primarily concerned with advertising audiobooks, there are other aspects to it as well. Strategically applying the wide net of commissions can produce profitable opportunities. Take a look at this example, if you are a travel blogger.
You will be able to earn a fee for Audible purchases via Amazon Associates:
- Digital membership with Audible Gold costs $10 per year
- You can get a free 30-day trial of Audible digital membership for $5
- It costs 50 cents to purchase an audiobook from Audible
What is the Revenue Potential of Audible?
It depends greatly on a variety of factors, such as the quality and popularity of your content, how well you promote it, and the pricing strategy you use.
A few authors and narrators earn full-time incomes from their Audible sales, while others only make a few hundred dollars per month.
