Sell On Audible (2022): Best Ways To Make Money On Audible
The Best Ways To Sell On Audible: Introduction
What if you can be paid by reading your favorite books?
Have you ever thought about what it would take to sell on audible?
Audible claims it’s possible!
So, you have what it takes to earn from Audible? Let’s find out in this post
Pros: What I Liked
- Audible is known worldwide, which opens chances for more sales.
- ACX provides full support and a complete guide to authors.
- There is a free 30-day trial subscription.
THE GOOD
Cons: What I Didn’t Like
- Making audiobooks takes a lot of time.
- I need to invest a large amount of money.
- Sales are not guaranteed.
THE BAD
There are countless money-making “opportunities” floating around the internet. Why? Because for every problem that exists, someone claims to have the solution.
And that solution is usually some oddball money-making system that tells you how to turn a casual interest – or maybe something you’re super passionate about – into sustainable, reliable income.
Just like selling on Audible. Here’s the hard truth, though…
Most of these opportunities:
- Take way more time than you’re led to believe
- May have hidden fees
- Require you to buy multiple tools before you’re in a position to “generate an income”
But most importantly, a lot of these things just don’t scale.
“Scale” means once you do the work to make a little money, it should get easier to make more money, not harder.
The problem is, most opportunities out there make it hard to make money at first, and even harder to keep making money.
In other words, you might be able to make some money in the beginning, but it won’t be sustainable and you’ll end up getting discouraged.
This is the exact opposite of passive income.
When income is truly passive, you do the work upfront, but then you set it and forget it. The money gets made whether you’re working or not. It’s not directly tied to the hours you put in.
This is exactly what you need to be on the lookout for when digging through opportunities like selling on Audible.
What Is Audible?
Audible, owned by Amazon, is offering podcasts and audiobooks services.
With more than 3,000,000 audiobook titles ranging from much-loved classics to fresh releases and original podcasts, Audible is the world’s largest producer and seller of audiobooks.
Audible is considered superior to other audiobook distributors like iTunes and Google Playwith an impressive group of celebrity and professional narrators and a wide array of unique features.
Audible offers a free 30-day trial with a free audiobook. The audiobook could be one of the classics or an Audible original. If after 30 days, you decide Audible is not for you, you can cancel your membership. Otherwise, you can buy a monthly subscription to Audible.
The price of the Audible membership plan ranges from $22.95 per month to $229.50 per year, depending on your monthly plan.
What Is Audible Self-Publishing Platform?
Audiobook Creation Exchange or ACX is the self-publishing platform of Audible. Working on ACX is as simple as signing up, claiming your book, filling out the details, and uploading the files.
ACX website also offers the following services:
- A matching service for authors and narrators.
- The quality control and approval of audio quality before sale on Audible.
- Delivery of the book to Audible, Apple Store, and Amazon.
- Calculation and payment of royalties.
No need to worry about the navigation! ACX exists to make you feel at home.
How Can I Produce Audio Files For My Audiobook?
In Audible, you have two options when it comes to Audiobook production. These are:
Recording An Audiobook Yourself
In this option, you will need the proper equipment and software to narrate your book, which will cost you less than $200.
Next, you have to allot time to edit your audio files. You listen to the entire book and examine each audio file. You can now upload your audiobook after you fix and re-record the poor audio spots.
Hiring A Professional Narrator To Record Your Audiobook
In this option, you will hire a professional narrator for a finished audio recording of your book. ACX has a database that can connect you to professional narrators.
The cost to have your audiobook produced by a professional depends on the length of your audiobook. Many ACX actors accept an upfront fee of no less than $250 per finished hour of audiobook projects. I recommend using $225-$300 for the per finished hour cost to calculate the narrator cost.
Choose the right audiobook production deal for you in Audible!
How Can I Sell Audiobooks On Amazon?
In Audible, the best platform to sell audiobooks is through ACX.
With ACX, you have the option to sell books exclusively on Amazon, iTunes, and Audible and receive 40% of the royalties. Otherwise, you have the option to choose the non-exclusive distribution of your audio books and receive 25% of the royalties. In this option, you cannot split royalties with the producer.
Selling books on Amazon saved many authors from income crash. This might work for you, too!
How Much Can I Make By Selling Audiobooks On My Amazon Account?
Audiobook production takes courage, skills, talent, and money. But if you have all, you definitely need to try making audiobooks.
Nowadays, sales of audiobooks are booming! As per Audio Publishers Association, the audiobook industry has reached double-digit revenue growth since 2012.
According to some authors who self-published in Audible, you can earn at least $1,102 in one month if you hit the goal of selling 1,000 audiobooks in a month.
However, your income will still depend on the number of audiobooks you sell. One of the best ways to do this is to market your audiobooks through different promotion strategies.
My Verdict On Audible?
Audible offers a wonderful service for self-publishing authors.
Audible self-publishing service is legit. In fact, the ACX website offers a complete guide for self-publishing from producing to distributing. It also provides different options to choose from.
Self-publishing is made easy in Audible by providing all the support you need for smooth sailing.
Is Audible A Scam?
Audible is hardly a scam. It offers legit audiobook services to both authors and readers.
However, earning money in Audible is not for everyone. If your audiobook did not get popular there’s no guarantee that you can even get an ROI.
So, is Audible a scam? Not technically. You can make money with this, but it’s definitely not as easy as it sounds.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – you need to do a ton of volume to make any real money.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months and then your reward is 15% profit on a $12 product (which comes out to $1.80), it’s not really worth it.