6 Strategies to Make Money on Audible
Are you an audiobook enthusiast who wants to make some extra cash on the side? Look no further than Audible, the world’s largest producer and retailer of audiobooks. However, making money on Audible may seem daunting if you don’t know where to start. In this article, we’ll provide you with six strategies to turn your passion for audiobooks into profit.
Narrate and Publish Your Own Audiobooks
If you have a unique voice and narration skills, you can monetize them by recording and publishing your own audiobooks. Audible provides ACX, a platform that connects audiobook narrators with authors looking for someone to record their books. You can receive up to 40% of the audiobook’s royalties if you narrate and publish it yourself. Before you start, keep in mind that the competition is fierce, so you need to ensure your audiobook is well-produced, has quality sound, and a unique voice.
Become an Audible Affiliate
Audible also offers an affiliate program that allows you to earn a commission by promoting their products. This program is particularly appealing to individuals with large audiences or followers on social media, or those who have a website devoted to books. By including affiliate links on your site, you can earn up to 10% of the sale price of every audiobook purchased through that link. To maximize your success with the program, share your affiliate links frequently, recommend the best audiobooks, and highlight promotions or discounts.
Offer Audiobook Recording and Production Services
If you have expertise in audio engineering or recording, offer your services to authors in need of audiobook production services. You can also set up your home recording studio and partner with professional narrators or authors to create polished and high-quality audiobooks. Promote your service on the ACX platform, professional organizations, or social media to increase your exposure to potential clients.
Create Audiobook Related Content
You can leverage your passion for audiobooks by creating content such as YouTube channels, blogs, or podcasts. Consider topics like book reviews, author interviews, or audiobook production tips to attract a wider audience. You can use your platform to monetize through sponsorships or advertising. Alternatively, you can create your audiobooks and sell them on your website.
Sell Audiobooks on Your Own Website
If you don’t want to sell your audiobooks on Audible, you can set up your online storefront through your website or platforms like Shopify. By doing so, you can keep 100% of the royalties and control the marketing strategies. To market your audiobooks, advertise on social media, partner with other content creators, or use email marketing. Finding the right audience is critical to your success.
Collaborate with Other Audiobook Producers
Finally, you can collaborate with other audiobook producers to boost your exposure to the audiobook community. For instance, you can partner with other audiobook narrators, or publishers to produce audiobooks together. You can also reach out to industry professionals like audiobook reviewers and book influencers. Working together can be a win-win situation, allowing you to capture new audiences and boost your monetization opportunities.
Conclusion
The accessibility of Audible offers endless opportunities for book enthusiasts looking to turn their passion into profit. To make money on Audible, you can narrate and publish your audiobooks, become an Audible affiliate, offer audiobook recording and production services, create related content, sell your audiobooks on your website, or collaborate with other audiobook producers. Nonetheless, it’s important to keep in mind that audiobook production is a long-term game, and success will require patience, dedication, and a willingness to invest in resources to produce high-quality content.
