How To Make Money With Audible? Easy Steps

The growing popularity of audiobooks presents creators with a fantastic opportunity for passive income. With the right plan in place, it only takes a few hours to produce a high-quality audiobook that can produce a high return on investment.

In actuality, Audible is the biggest producer of audiobooks worldwide. Compared to other sites that sell audiobooks, like Google Play and iTunes. Audible provides tools to make money from podcasts and audiobooks. How to make money with audible?

On Audible, you can easily generate income. To be able to eventually replace your current income with passive income from audiobooks, affiliate marketing, or narration, you simply need to have the right strategy in place.

Continue reading for more information and some helpful advice on how to use audible to make money. Let’s start!

How Does Audible Self-publishing Platform Work?

The self-publishing system used by Audible is called ACX. Starting with ACX is simple. Creators only need to sign up, claim their book, provide the necessary information, and upload the necessary files.

Additional services provided by ACX include:

  • Matching services for authors and narrators
  • Quality control and approval of audio quality prior to sale
  • Delivery of the book to Audible, Amazon, and Apple Store
  • Calculation and payment of book royalties

You can find the information you need right away thanks to the platform’s incredibly simple navigation. With that said, let’s look at some strategies you can use to start making money right away.

Is Audible Really Profitable?

It is possible to profit from Audible, yes. Even though audiobook royalties aren’t quite as high as eBook royalties are in percentage terms, if you employ the right strategy, you can still make a respectable living.

The platform provides a number of income-generating options, and anyone can use any or all of them to generate a reliable income for themselves, whether they are a writer, artist, or just an average person looking to earn some extra cash.

Naturally, how much effort you put forth, along with how well your plan and strategy are carried out, will determine how much money you make.

As with any other type of online business, making money on Audible will take a lot of hard work and you may have to put in a lot of effort before you start seeing the results.

But if you persist long enough, you’ll probably join the group of Audible users who have found success and are earning a steady living from the service.

Before we look at the various ways to make money on Audible, you need to understand how the platform functions.

Audible has a self-publishing platform, ACX stands for Audiobook Creation Exchange.

It functions more or less as a workshop where you can create and publish your audiobook before uploading it to Audible.

Audible

How To Become An Audible Affiliate?

Joining Audible as an affiliate is among the simplest ways to earn money there. Affiliate marketing is a simple way for you to make money on Audible, where you simply put the affiliate link of the products or services you are promoting. To make it simple for you to earn money, which will be paid to you via check or direct bank deposit, this link provides access to the landing page of the goods or services you are endorsing. To register, simply adhere to these steps:

  • By clicking this link to become an Audible affiliate: https://www.audible.com/ep/affiliate-intro and get an affiliate link
  • Promote your free trial on social media or your website and sign up as many people as you can
  • During your 30-day free trial, your listeners who sign up receive a free audiobook.
  • Earn $15 per free trial every time someone joins Audible through your affiliate link
  • If you owe $30 or more, you’ll be paid once per month via check or direct deposit.

Read More: How To Become A Grant Writer?

How To Make Money With Audible?

1. Create Audiobooks

If you are artistic and creative, you may be able to make money on the platform by producing your own audiobook.

Making your own audiobook through Audible can be a lucrative side job for someone with creativity and an artistic mind. You can create audiobooks from any content you want, such as fiction, non-fiction, or any topic you are most comfortable with.

When your content is finished, upload it to the Audible platform to start earning money from each sale. The books cost between $15 and $25 and are available on Audible, Amazon, and iTunes.

Pro Tip: There are some platforms, like ACX, that allow narrators to trade royalties for a smaller upfront payment. If you want to promote your audiobook but lack the funds to do so upfront, this is a fantastic option for you.

5 Steps To Creating An Audiobook On Audible

Simply complete the steps listed below to create your audiobook, upload it to the platform, and you’ll start making money from each sale. The majority of Audible’s books are priced between $15 and $25 each.

Step 1: Find A Profitable Keyword

This is the subject or subject matter of your book. If you’re interested in health and fitness, your book might be about topics like “gut health,” “liver cleansing,” or something similar.

You’re on the right track if it’s a topic that people want to learn more about, has a respectable number of searches per month, and has little competition. Your chances of success in selling audiobooks from Audible will be greatly increased if you choose a profitable keyword.

Step 2: Hire A Ghostwriter

You can certainly write the book yourself if you are a writer. However, outsourcing the work is a great option for those who don’t have the time or the bandwidth to create the book themselves. You can use websites like Fiverr, Upwork, and ProBlogger to hire ghostwriters.

Step 3: Create A Cover

You can make your own book cover if you have some graphic design experience. Anyone lacking the necessary skills can simply hire someone from one of the aforementioned freelance marketplaces, and they will be able to design your book cover for you for a few dollars.

Step 4: Hire A Narrator

Once more, if you possess the necessary skills, begin narrating your book right away.

However, if your voice isn’t strong enough, you can hire a narrator to do it instead. Through their platform—not Audible, but ACX—Amazon makes it simple to do this. On ACX, you’ll find a vast selection of knowledgeable narrators to choose from.

Simply select the appropriate category and apply filters, such as language, accent, male/female, etc. to help you pick the right narrator.

You can decide if someone is a good fit for your book’s narration after listening to some of their sample work or after having them perform an audition. Negotiate a deal for them to narrate your audiobook by messaging them. You can expect to pay about $100 – $300 PFH (per finished hour) for your audiobook

Step 5: Publish On Audible And Promote

The final step is to publish your book on Audible following the narration, after which you can begin marketing it.

You receive 50 promotional codes from ACX, which you can use to share your book’s a free download link with your loved ones. The number of downloads you receive counts as a sale, and the higher your book ranks on Audible, the more (true) sales you will see.

Additionally, you can advertise your book on your blog, YouTube channel, podcast, social media pages, email, and anywhere else you can spread the word about it and attract readers.

2. Affiliate Marketing

One of the simplest ways to earn money on Audible is to sign up as an affiliate. Through your blog, social media accounts, emails, and other platforms, you can market affiliate products and services to your audience.

You have compensated a commission in the event that a sale occurs. This has the potential to develop into a respectable passive income source over time.

Simply register as an affiliate on Audible’s website to get started. A link that you can use in your content as an affiliate will be given to you.

A free audiobook, which may be an original from Audible or a classic, is included in the company’s 30-day trial.

The trial user may cancel their membership at any time if they decide after 30 days that Audible is not for them. If not, they can upgrade to a monthly Audible subscription.

Subscription costs are as follows:

  • Audible Plus – $7.95/month: includes tens of thousands of bestsellers, original works, podcasts, and more.
  • Audible Premium Plus ($14.95/month): includes one credit per month for titles from the premium selection and the Plus Catalog.

There are additional plans available if you want the annual plan or more credits. These plans range from $22.95 per month for two credits to $229.50 per year for up to 24 credits per month.

3. Sell Audible Products And Services

You can market Audible goods and services in addition to your own audiobooks. For instance, you could use the platform to market and sell eBooks, audiobooks, and other goods and services.

The best part is that you don’t have to advertise anything. Make an account on the platform, record the good or service in your own voice, and upload it. After that, a commission for each sale will be given to you.

4. Narrating Other People’s Work

One of the best ways to earn money on Audible is to narrate other people’s works if you have a great voice and are an excellent speaker. Any type of content that you are comfortable with can be narrated, including fiction, non-fiction, lectures, and books.

To get paid through narration, you will have to sign up for ACX, create a profile and record your book. In the event that your voice is accepted, you can begin recording the book and start making money. There are three ways a narrator can earn money:

  • Per-finished-hour (PFH) – get paid a flat rate payment for the whole book
  • Royalty share – you split royalties 50/50 with the author or rights holder
  • Royalty share plus – a combination of PFH and royalty share

Narrating books can bring in anywhere from $500 to $5,000 per month on average. The cost varies according to the subject, length, and quality of your reading.

Final Thoughts

You can make extra money with Audible to help pay your bills on time or save up for some unplanned expenses. You have several options, including creating your own audiobook, selling services and goods, and narrating other people’s writing. If you join their affiliate program, you can earn $15 for each sign-up.