In this digital age, we now have the necessary means to listen to our favorite books whenever and wherever we want to.
I consider this to be one of the most effective ways of educating yourself and improving your language skills.
Audiobooks are mostly purchased online through websites called Audible and Amazon, accounting for over 80% of sales according to Statista.
Very few people know that they can also make extra money by selling their unused audiobooks.
In this blog, I’ll teach you how to make money on Audible by selling your unused audiobooks.
Audible is a self-publishing platform for audiobooks. You can upload your audio book to Audible and then find a narrator to read it aloud.
Amazon owns Audible, so you can also distribute your audiobook through Amazon. Payment is made through royalties, which means you earn a percentage of each sale.
Audible.com is the leading provider for audiobooks. It provides the largest catalog in the industry and it is the first company to offer access to all major publishers.
You can publish your book through the platform in two ways:
1. Publishing your book with Audible
2. Publishing your book directly with the publisher, major or self-published. If you want to start selling your book through Audible make sure you sign up as an author first so you can upload your book.
Audible is a great platform for people who want to make money by selling their audiobooks. There are many ways to make money on Audible, and it is a great way to make money for people who are looking for a way to make money.
What Is Audible Self-Publishing Platform?
Audible is a self-publishing platform that allows you to upload your audiobook and make it available for purchase on Amazon. You can also choose a narrator for your audio, and receive payment based on royalties.
Audible.com is the leading retailer of audiobooks, with over one million titles to choose from. They have a self-publishing platform that makes it easy for you to publish books on Audible’s 30,000+ titles and reach over 50 million listeners.
You can create your book page, upload your manuscript and cover, and select a retail price. Audible handles distribution, and there are no processing fees. You earn a royalty every time one of your titles is sold.
If you’re an author or publisher interested in distributing your titles on Audible, visit audible.com/self-publishing .
If you want to produce audio files for your audiobook, you have a few options. You can either record the audio yourself, hire a narrator, or use a service like ACX.
If you choose to record the audio yourself, you’ll need to invest in some recording equipment. Once you have the equipment, you’ll need to narrate the book and then edit your audio. Once it’s all edited, you can upload it to ACX or another platform.
If you hire a narrator, they will usually charge by the finished hour. So, if your book is 10 hours long, it will cost more than if it’s only 5 hours long. Once the narration is complete, you’ll still need to edit the audio and upload it.
ACX is a service that will connect you with narrators and producers. They will handle all of the recording and editing for you. All you need to do is upload your manuscript and they will take care of the rest. The downside is that they charge per finished hour, so it can be expensive if your book is long.
No matter which option you choose, make sure you listen to the audio files before you publish them.
Audible is a company that provides audiobooks. They promote their service by offering a free trial, and then customers can choose to pay for a monthly subscription or buy audiobooks individually.
Audible is owned by Amazon, and Kindle users can access Audible books through the Kindle app. Affiliates can earn commission on sales made through their links, and Audible also has a program where authors can make money by narrating their own books.
Audible is a subsidiary of Amazon.com and deals in digital media products. The company began in 1997 as Audible Inc. after the merger of Streamline and Audiobook.com.
The company produces and distributes several audio book titles on CD and digital formats. Audible offers several plans, like a credit-based monthly subscription plan and an annual subscription plan. The credit-based plan costs $14.95 per month, which is billed after a 30-day free trial period.
This plan allows you to purchase one book or one audiobook per month.
On the annual plan, you will get access to the credit-based plan without a monthly fee, but only one audiobook per month. You can cancel your subscription at any time. Here is the revenue model of Audible.
The company gets revenue from audiobook sales, monthly subscriptions and sales of audible devices.
To make an audiobook, you’ll need a narrator to record the audio, which you can then upload to ACX (a website that connects authors with narrators and publishers).
Audiobook production is a complicated process that needs extensive planning and preparation. All audiobooks start with a script. If you already have a written manuscript, you can create an audiobook by adapting the words for the audio format.
If you don’t have a finished manuscript, you can write a script for recording an audiobook from scratch. The first step is to turn the script into a booklet using a desktop publisher program. After you print out the booklet, you will be able to record the audiobook using a computer or digital recording device.
You can also promote your audiobook on Amazon and Audible. Once you have a publisher, you’ll start receiving royalties every month.
In order to get paid for reading books aloud, you will need some audio recording equipment. This could be as simple as a microphone and an audio recorder.
Alternatively, you could use the equipment provided by an audiobook company. Either way, you will need to be able to record your voice reading the book.
Once you have recorded the audio, you can then submit it to the company or individual who has commissioned the work.
If they are happy with your recording, they will pay you for your narration. As a narrator, you can earn money by reading books aloud.
Audible is a great way to earn money by selling audiobooks. You can get paid through PayPal or direct deposit once your audiobook is sold. The payout is usually around 70% of the retail price, so you can make a decent amount of money if you sell a lot of audiobooks.
Here are the steps for getting paid for an audio book by Audible.com: Sign up for a free account with Audible.com and create a profile Choose the book or books you want to purchase (you’ll receive a discount) Download the book or books using the profile you created and you’ll be given the option to allow Audible.com to pay your cash balance.
If you don’t want to purchase a book right away, you can join Audible.com’s monthly membership program and download books as a member of the program.
Each time you download a book, you’ll add to your cash balance while you continue to download books monthly.
You can also use some of your cash balance to purchase additional books. When you have $10 in your cash balance, Audible.com will mail you a check for $10.
So, bottom line, you can earn cash rewards by downloading audio books from Audible.com. This can be a great way to receive some extra cash on a monthly basis. And, the books are fun to listen to, too!
Audible narrators get paid based on how many finished hours of audiobook they have. The payment is a royalty, which means that the narrator gets a percentage of the sales of the audiobook.
Also, oome narrators are independent contractors and make royalties off each book sold. So a narrator can be making big money off one book, but making very little off another book. It all depends on the book. How popular the book is, the narrator, etc.
The royalty rate narrators make can vary from 5 cents to 8 cents per book, depending on the narrator. This means that to get $100,000, a narrator may sell 1 million books.
Other narrators are employees of Audible and get paid a flat fee for each book. In this case, the narrator would get $100k for the same million books. This rate is much higher than royalties.
There are a few alternatives to Audible that allow you to make money. One is called ACX, which is a platform that allows you to create and sell audiobooks. Another is called Findaway Voices, which is a similar platform that also allows you to sell your audiobooks.
Findaway is a great way to publish your audio book, book on tape and book on CD. But more than that it’s a great way to hear your work read by the actor of their choice. This is very important because they will choose the actor they are most familiar with and most comfortable with. It’s all random and the actor has no idea who is selecting.
So it’s not unusual for a large time actor to be selected. All from a small unknown author. It will not always work out this way, but it is possible and very exciting. So you never know what is coming.
Now that you know how to create an audiobook, the next thing you need to know is how to promote it.
The first thing you want to do is make sure your book is available on the major audiobook platforms like Audible, iTunes, and Amazon. After that, you can promote your audiobook through social media, review sites, and ads.
Our blog post on how to promote an audiobook should help you out.
