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How To Make Money On Audible: A Complete Guide For Beginners

By Helga M.

how to make money on audible

If you love audiobooks and want to turn your passion into a source of income, then you’ve probably wondered how to make money on Audible. Luckily, there are several ways to cash in on this popular platform, whether you’re an author, narrator, or just someone looking for a side hustle. In this article, we’ll walk you through the different opportunities Audible offers, from creating and selling your own audiobooks to becoming a part of the Audible affiliate program.

Let’s dive into the details on how to make money on Audible, explore your options, and help you figure out which method suits you best.

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Why consider making money on Audible?

Audible, an Amazon-owned platform, is one of the largest audiobook marketplaces in the world. It’s an excellent platform for anyone looking to tap into the growing audiobook industry. The best part? It’s accessible to people with various skills. Whether you’ve got a flair for storytelling, you’re an expert in a particular field, or you’ve got a voice that’s ready for narration, Audible has opportunities for you to turn those talents into cash.

So, how does it work? Well, Audible pays its creators and partners through royalties, which is a percentage of the sale price of each audiobook or product. The more you promote and sell, the more you can earn, making it a potentially lucrative venture.

The audiobook industry is booming, with more people turning to audiobooks for entertainment and education. According to the Audio Publishers Association, audiobook sales have increased year over year, so it’s a great time to jump into the market. Whether you’re an aspiring author, a narrator looking to break into the industry, or just someone who loves audiobooks and wants to share them with others, Audible offers multiple ways to get involved and start earning money.

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Methods for making money on Audible

There are several ways to make money on Audible. The most common methods include:

  1. Creating and publishing your own audiobooks
  2. Narrating audiobooks for other authors
  3. Joining Audible’s affiliate program

Let’s go over each of these options in more detail so you can decide which one is the best fit for you.

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1. Creating and publishing your own audiobooks

If you’re an author or have knowledge to share, publishing your own audiobooks could be the most rewarding option. To get started, follow these steps:

Step 1: Write a book (or choose a topic)

The first step to making money on Audible is having content to sell. If you’re a writer, you can turn your existing books into audiobooks. If you don’t already have a book, you can write one based on your area of expertise. The possibilities are endless  – from fiction and self-help to business and education.

If you’re unsure where to start, think about topics that have a large audience or are currently trending. Self-help books, motivational content, and fiction genres like thrillers, romance, or fantasy tend to do well. You can also look into niche subjects that align with your expertise, like history, business, or technology.

Step 2: Record your audiobook

Once your manuscript is ready, it’s time to bring your words to life. You have two options here:

  • Do it yourself: If you have a good-quality microphone and some recording skills, you can narrate the book yourself. Make sure you have a quiet space to record and edit your work. There are many audio editing tools, such as Audacity, that can help you improve the sound quality.
  • Hire a professional narrator: If you’re not confident in your voice or don’t have the time, you can hire a professional voice actor or narrator. Platforms like ACX (Audiobook Creation Exchange) allow authors to connect with narrators who have experience in bringing books to life. Hiring a pro can also save you time and ensure high-quality production.

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Step 3: Upload your audiobook to Audible

After you’ve recorded and edited your audiobook, you’ll need to upload it to Audible through ACX. This platform helps authors distribute their audiobooks to Audible, Amazon, and iTunes. ACX is user-friendly and walks you through the process of uploading your audiobook and selecting your royalty structure.

You can choose between different royalty models, including a higher percentage of royalties if you opt for exclusive distribution with Audible. You’ll also need to provide some information about your book, such as the title, description, and keywords. This will help your audiobook get discovered by the right audience.

Step 4: Promote your audiobook

Once your audiobook is live on Audible, the next step is to get people to buy it. Share the link on social media, in newsletters, and on your website. The more exposure your audiobook gets, the more money you’ll make.

Consider reaching out to influencers or bloggers in your genre to help spread the word. Running targeted ads on platforms like Facebook or Instagram can also help boost visibility and sales.

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2. Narrating audiobooks for other authors

If you’ve got a voice that’s perfect for narration, you might want to consider becoming an audiobook narrator. Many authors use ACX to find voice talent for their audiobooks, and this is where you can step in. Here’s how:

Step 1: Sign up on ACX

ACX lets narrators create profiles and audition for audiobook projects. You can set your rates, upload samples of your previous work, and start connecting with authors. The more professional your profile looks, the more likely you are to land gigs.

Step 2: Record and submit auditions

When you find a book you’re interested in, submit an audition by recording a sample of the text. If the author likes your voice and style, they’ll hire you to narrate their audiobook. You can either work on a per-project basis or negotiate royalties based on the sales of the book.

Step 3: Finish the audiobook

Once hired, you’ll be responsible for recording the entire audiobook. After recording, you’ll need to edit the files to make sure they meet Audible’s audio requirements. This includes making sure there’s no background noise, the sound levels are consistent, and the narration is clear. You can use audio editing software like Audacity or Adobe Audition for this.

Step 4: Get paid

Narrators are usually paid on a per-project basis, either through a flat fee or royalties. The more experience and positive reviews you get, the higher your chances of landing bigger projects and earning more money.

As a narrator, it’s also important to develop a unique style or niche to stand out from the competition. Some narrators specialize in particular genres, such as fantasy, romance, or non-fiction, and this can help you attract a loyal audience.

Dreaming of starting your own business but don’t know where to begin?
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3. Joining Audible’s affiliate program

If you don’t want to create audiobooks or narrate them, you can still make money through Audible by joining their affiliate program. Here’s how it works:

Step 1: Sign up for the Audible affiliate program

To get started, you need to join the Audible affiliate program through Amazon Associates. Once accepted, you’ll be given a unique affiliate link to share. This link tracks the sales that come from your promotions.

Step 2: Share your link

Now, it’s time to start promoting Audible. You can share your affiliate link on your blog, social media, or YouTube channel. You’ll earn a commission for every person who clicks your link and signs up for Audible’s free trial or purchases a product.

Promoting audiobooks that you love and think your audience will enjoy is a great way to increase conversions. You can write reviews or create content around the audiobooks, showing your followers what makes them worth listening to.

Step 3: Earn commissions

Every time someone uses your link to sign up for a membership or buy an audiobook, you’ll earn a commission. The more you promote, the more money you can make. This can be a great passive income stream if you already have an audience or a blog.

You can also create video content or podcast episodes where you talk about your favorite audiobooks, helping you reach a wider audience. The key is to be authentic and share books that you truly recommend, which will build trust with your audience.

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Tips for success when making money on Audible

To maximize your earnings on Audible, consider these helpful tips:

  • Choose a profitable niche: Make sure the books or audiobooks you create or narrate are in demand. Popular genres like self-help, romance, and personal development tend to perform well.
  • Market your audiobook: Don’t just rely on Audible’s platform to get sales. Use social media, email newsletters, and your website to promote your audiobook or narration work.
  • Keep producing: The more content you have on Audible, the more opportunities you have to earn money. Consider creating a series or narrating multiple books to keep the momentum going.

Now that you’ve got the lowdown on how to make money on Audible, it’s time to take action. Whether you’re interested in writing and narrating your own books, becoming a professional audiobook narrator, or joining the affiliate program, there are plenty of ways to start earning today.

The audiobook industry is booming, and Audible is one of the best platforms to tap into this growing market. So, grab your microphone or your affiliate link and start making money on Audible!

Dreaming of starting your own business but don’t know where to begin?
Grab this handy checklist and start step-by-step!

Exploring dropshipping as an alternative method

Want a low-cost way to start a business without dealing with inventory headaches? Dropshipping might be your thing. You sell products online, and when someone buys, the supplier ships it directly to the customer. Easy, right?

Why dropshipping is a smart move

  • No storage stress: You don’t need a warehouse or a system to track stock.
  • Cheap to start: Since you’re not buying in bulk, your upfront costs stay small.
  • Run it anywhere: All you need is a laptop and internet, and you’re good to go.
  • Endless product options: Sell anything you like without worrying about storing it.

What to watch out for

  • Crowded market: Since it’s so easy to start, lots of people are doing it.
  • Thin profits: You might not make huge margins on each sale.
  • Supplier dependence: Your reputation is tied to your supplier’s quality and delivery times.

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FAQ
How much can I make on Audible?
The amount you can make on Audible varies depending on how well your audiobook performs, your royalty model, and how much you promote it. Narrators typically earn between $50 and $500 per audiobook project, while authors can earn royalties of 25% to 40% of the sale price.
Do I need a professional studio to record an audiobook?
No, you do not need a professional studio, but you do need a good-quality microphone, headphones, and a quiet recording environment. Many authors and narrators successfully record from home.
Can I narrate audiobooks if I am not a professional?
Yes, you do not need to be a professional narrator to start. If you have a good voice and can read clearly, you can give it a go. However, improving your skills through practice or courses might help you stand out.
How do I become an Audible affiliate?
To become an Audible affiliate, sign up for the Amazon Associates program. Once accepted, you get a unique affiliate link that you can share to promote Audible and earn commissions on sales.
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By Helga M.
Helga is a Content Creator specializing in dropshipping for beginners, combining her decade-long experience as an educator and coach with her passion for ecommerce. Her unique background allows her to create insightful, easy-to-follow content that empowers aspiring entrepreneurs to navigate their dropshipping journeys with confidence. Helga is committed to helping others achieve their business goals and build successful online stores.
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