The Ultimate Guide to Making Money on Audible Amazon (6 Proven Tactics)

January 24, 2024 by Perry

Before heading forward just shed some light on what is audible amazon. It offers a vast selection of audiobooks across various genres, including fiction, non-fiction, self-help, and more. Audible also offers a wide range of opportunities for people to make money. Whether you are an aspiring narrator, an author, or simply passionate about audiobooks, this comprehensive guide will guide you about money-making ideas with Audible on Amazon. So, how to make money on audible amazon?

But before explaining the money-making ways simply recall how much is audible with amazon prime. With an Amazon Prime membership, you get access to a lot of awesome benefits, and one of them is a discounted subscription to Audible. Normally, Audible costs $14.95 per month, but with Amazon Prime, you can get it for just $9.95 per month. So, it’s proved that being an amazon prime member you will have massive benefits.

So, let’s get back to the topic that how to make money on amazon audible. Here are 6 amazing tactics by which you can generate revenue through Audible Amazon.

1. Become an Audiobook Narrator

Audible's Audiobook Creation Exchange (ACX) gives you a wonderful platform if you are interested in the narration of your audiobooks. Those who are interested in this type of work, can give audition for projects and negotiate a royalty share or a flat fee for this narration service. They can build a portfolio, establish their career as a narrator, and earn royalties from every sale. Also, you could potentially use Amazon Promo Codes to offer discounts or special deals to attract more listeners to leverage the promotional power of Amazon to boost your audiobook's visibility and reach a wider audience.

How to Become an Audiobook Narrator: A Step-by-Step Guide to Success

Step 1: Develop Your Skills and Voice

To become a successful audiobook narrator, it's essential to improve your skills and develop a unique and engaging voice. Experiment with different genres and styles to expand your range and versatility as a narrator.

Step 2: Build a Professional Recording Setup

Set up a dedicated recording space in a quiet environment, preferably a room with minimal echo. Invest in a good quality microphone, headphones, and a pop filter to ensure clear and professional sound.

Step 3: Create a Demo Reel

A demo reel is a compilation of your best narration samples that showcase your talent and versatility as a narrator. Select excerpts from different genres, such as fiction, non-fiction, or children's books, etc.

Step 4: Join Audiobook Narration Platforms

To connect with authors and publishers seeking narrators, sign up for audiobook narration platforms like ACX (Audiobook Creation Exchange), which is owned by Audible.

Step 5: Audition and Collaborate

Follow the instructions regarding tone, character voices, and any specific accents or dialects required. Submit your audition with a professional and personalized message, showcasing your enthusiasm for the project.

Step 6: Negotiate Royalty Share or Flat Fee

Once you are selected for a project, you will need to negotiate the terms of your contract. You can choose between a royalty share agreement, where you earn a percentage of the audiobook's sales or a flat fee for your narration services.

Step 7: Record and Edit the Audiobook

Once the contract is finalized, it's time to start recording the audiobook. Follow the provided guidelines and maintain consistent audio quality throughout the narration. After recording, edit the audio files to remove any mistakes, background noise, or inconsistencies. Ensure that the final product meets the required technical specifications provided by the rights holder.

Step 8: Submit the Finished Audiobook

Once you have completed the editing process, submit the final audiobook to the rights holder for review. Be open to feedback and make any necessary revisions to ensure a high-quality product. Once approved, the audiobook will go through the distribution process, and it will be available for sale on platforms like Audible, Amazon, and iTunes.

2. Self-Publish Your Audiobook

In this modern world where everything goes digital, now audiobooks are very popular among users. So, if you have a written work that you would like to convert into an audiobook, ACX provides a platform for authors to self-publish their audiobooks on Audible. You can either narrate the book yourself or hire a narrator. By self-publishing, you retain creative control and have the potential to earn royalties from every sale, reaching a wide audience of audiobook enthusiasts.

There is good news for college students, who are members of Amazon Prime. Those who are interested in self-publishing their audiobook, then do not hesitate and go ahead. Amazon Prime for students will give them increased exposure, access to exclusive benefits, and the ability to target a specific audience who may be interested in audiobooks so that they can earn and pay their college expenses easily.

Self-publishing an audiobook is an exciting work! Let’s explore how:

Start by having a finalized and edited manuscript of your book. Ensure that it's in a format compatible with audiobook production. Decide whether you want to narrate the audiobook yourself or hire a professional narrator. If you choose to narrate it yourself, make sure you have a good recording setup and practice your reading skills.

If you are doing it by yourself then find a quiet room with minimal background noise. Use soundproofing materials or a portable sound booth to enhance the audio quality. Invest in a good-quality microphone, headphones, and audio editing software.

Start recording chapter by chapter, ensuring you maintain consistent audio levels and a natural flow. Take breaks when needed and edit out any mistakes or background noises. Once you are satisfied with the recording and editing, use audio mastering techniques to enhance the overall sound quality.

There are several platforms where you can self-publish your audiobooks, such as ACX (Audible's Audiobook Creation Exchange). Research each platform's requirements, royalty rates, and distribution reach to make an informed decision.

Design an eye-catching cover for your audiobook and write compelling metadata, including a captivating book description and relevant keywords. Follow the platform's instructions to upload your audiobook files, cover art, and metadata. Once your audiobook is live, it's time to get it promoted. Utilize social media, your website, and other marketing channels to promote your audiobook.

3. Participate in Audible's Bounty Program:

Audible's Bounty Program is an incentive-based program that rewards individuals for referring new Audible members. By promoting Audible memberships through your unique referral link, you can earn a bounty for each person who signs up. This program is an excellent way to earn money by simply recommending Audible to friends, family, or your online community. Here's how it works:

To participate, you will need to sign up for Audible's Bounty Program. You can find the sign-up page on the Audible website or through their affiliate program partner. Once you are signed up, you will receive a unique referral link. This link is specific to you and helps Audible track the referrals you bring in.

Start sharing your referral link with your audience, friends, family, or anyone who might be interested in joining Audible. You can promote it through your website, blog, and social media platforms. When someone clicks on your referral link and signs up for a new Audible membership, you'll earn a bounty.

Audible provides you with a dashboard or reporting system where you can track the number of referrals and the earnings you've generated. Once you have accumulated a certain amount of earnings, you'll be eligible to receive payouts. To maximize your earnings, consider optimizing your promotions. The more compelling your promotions, the more likely people will be to sign up using your referral link.

As an Amazon Associate, you have the opportunity to earn referral fees not only for promoting products on Amazon but also for referring new Audible members through the Audible Bounty program. This allows you to earn bounties for both Audible memberships and other products/services on Amazon, depending on the specific referral links you use.

So, while the Audible Bounty and Amazon Bounty Program are distinct programs, they are connected through the Amazon Associates program, enabling you to earn referral fees for both Audible and other Amazon products/services.

4. Engage in Affiliate Marketing:

The affiliate program by Audible allows you to earn money by promoting their audiobooks. By signing up for the Audible Affiliate Program, you can generate unique affiliate links and share them on your website, blog, or social media platforms. You earn a commission whenever someone signs up for an Audible membership or purchases an audiobook through your link. So, if you are looking for ways how to make money using audible on amazon…. this is a great way to monetize your online presence and recommend books you genuinely enjoy.

Start by finding an affiliate program that aligns with your interests or niche. Many companies and online platforms offer affiliate programs, such as Amazon Associates. Research and choose a program that suits your audience and preferences.

Once you have selected an affiliate program, sign up as an affiliate marketer. After signing up, you will gain access to a range of products or services that you can promote as an affiliate. Select the ones that resonate with your audience genuinely. Each product or service you promote will have a unique affiliate link assigned to you. This link tracks the traffic and sales generated through your promotions.

Start promoting the products or services using various marketing channels. This can include your website or blog, social media platforms, email newsletters, YouTube videos, or even paid advertising. To attract potential customers, create valuable content around the products or services you are promoting. The more helpful and informative your content, the more likely people will be to purchase through your affiliate link.

Most affiliate programs provide you with a dashboard or reporting system where you can track your performance. This includes metrics such as clicks, conversions, and earnings. When someone clicks on your affiliate link and makes a purchase, you earn a commission. The commission rate varies depending on the affiliate program and the specific product or service.

As you gain experience in affiliate marketing, you can analyze your results and optimize your strategies. Experiment with different promotional techniques, track conversions and adjust your approach based on what works best for you and your audience.

5. Create Audiobook-related Content:

Creating audiobook-related content will help you out in making money. You can start a blog, YouTube channel, or podcast where you review audiobooks, interview narrators or authors, etc. By building an engaged audience, you can attract sponsorships, and partnerships, and even monetize your content through ads. Let’s explore how you can do this:

Decide on the type of content you want to create. You can explore various formats such as blog posts, videos, podcasts, social media posts, or even a dedicated website or channel focused on audiobooks.

Select interesting and relevant topics that audiobook lovers would love to listen to. Like, genre spotlights, author interviews, narrators' insights, production behind the scenes, or even tips for listening to audiobooks effectively. Before creating your content, conduct thorough research on the chosen topic, read books, and listen to audiobooks, by yourself first.

Create engaging blog posts, script your videos or podcasts, or create visually appealing social media posts. Use storytelling techniques, incorporate personal experiences, and provide valuable insights to make your content stand out.

Create lists of audiobooks based on genres, themes, or specific interests. Include brief descriptions and explain why you enjoyed each recommendation. This helps your audience discover new audiobooks to enjoy.

Reach out to authors or narrators and request interviews. Ask them about their experiences in the industry. Sharing these interviews can provide unique insights and attract fans of specific authors or narrators.

Explain the process of recording, editing, and mastering audiobooks. Discuss the art of narration, voice acting techniques, or how narrators bring characters to life. This type of content can be fascinating for both audiobook listeners and aspiring narrators.

Collaborate with fellow audiobook narrators, bloggers, podcasters, or YouTubers. This can involve guest appearances on each other's platforms, joint discussions, or even creating collaborative content.

Encourage your audience to participate by asking questions, hosting polls, or creating interactive content. Respond to comments, messages, or emails promptly to foster a sense of community and build relationships with your audience.

Once you have created your audiobook-related content, promote it across various channels. Share it on your website blog, or social media platforms to reach a wider audience.

With an Amazon Prime membership, you may have access to a selection of free audiobooks through Audible Channels or the Prime Reading program. This can be a great way for authors and narrators to reach a wider audience and potentially earn additional royalties if their audiobooks are included in these programs. This can be beneficial for authors and narrators who want to promote their audiobooks and attract more sales.

6. Offer Services of Audiobook Editing and Production:

Now if you consider yourself a pro and want to give services to others and earn revenue from it, then this is the best chance to gain money. Teach audiobook editing and production to others who need assistance in preparing their audiobooks for Audible. You can earn a fee for this service and bring life to their stories by providing these services.

Editing: You can edit the raw audio files to give a polished and professional look. Removing any background noise, adjusting volume levels, and joining together different sections of the recording, all are included in editing.

Sound Design: You can enhance the audio quality by applying various sound effects and equalization techniques.

Mastering: The overall sound of the audiobook will be set by a team of experts. So, the sound will be consistent across different listening devices such as Audible, iTunes, and other popular audiobook platforms.

Proofing and Quality Control: Proofing and checking quality controls to ensure that the final product is free from any errors, such as mispronunciations, repeated lines, or technical glitches.

Customization: Customization options are also available like adding chapter markers, including a custom intro/outro, or incorporating music. Experts can modify the production to your preferences.

Project Management: The work of project managers is to closely check the entire process, ensuring clear communication and timely delivery of the final product.

Frequently Asked Questions

Can you actually make money on Audible?

Yes, of course, if you are an author, you can publish your book on Audible's platform and earn royalties based on the sales of your audiobook.

How much does Audible pay?

For authors, audible typically offers a royalty rate of 25% to 40% of the audiobook's sales price. Some narrators may receive a flat fee or it can range from 20% to 50% of the audiobook's sales.

Can you get paid to read audiobooks?

Yes, of course, as a narrator, you can get paid to read audiobooks. Many authors and publishers are looking for talented narrators to convert their books to audio format and get paid.

Is selling audiobooks on Amazon profitable?

Selling audiobooks on Amazon can be quite profitable for authors and narrators. If you publish your audiobook on Audible, it becomes available to millions of potential listeners and ultimately gives you profit.

What kind of audiobooks sell the most?

The bestselling and common genres of audiobooks are Fiction, Non-fiction, Thrillers/ Suspense, Young Adult, and Self-help/ Motivational.

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