Making Money on Audible: A Step-by-Step Guide

Audible, the audio storytelling service featuring audiobooks and podcasts, has become a household name since its founding in 1995. With Amazon acquiring Audible in 2008, the platform has expanded its global reach to over 180 countries and offers content in 47 languages. With hundreds of thousands of titles in its catalog, Audible has become a go-to destination for listeners worldwide.

But can you make money on Audible? The answer is yes, and there are two key areas to focus on — content creation and affiliate marketing. Let’s delve into how you can leverage Audible to expand your income stream.

Content Creation on Audible

One way to make money on Audible is through content creation. You can create audiobooks, narrate someone else’s book, or apply for the Audible Podcast Development Program.

Narrating Audiobooks

Audiobook Creation Exchange (ACX) is Audible’s marketplace that connects narrators with authors, agents, publishers, and producers. As a narrator, you can earn money through different types of contracts:

– Pay-for-production deal: You receive a flat fee for your narration services.
– Royalty share deal: You earn a royalty for each sale of the audiobook you narrated.
– Royalty share plus deal: You receive an upfront fee and a royalty on each sale.

Depending on the distribution rights, narrators can earn up to 40% in royalties. This can be a lucrative opportunity for those with a knack for storytelling.

Create Your Own Audiobook

If you have a built-in audience, such as through blogging or social media, you can create and produce your audiobook through ACX. Even without a large following, you can tap into niche communities on social media to promote your audiobook. By leveraging platforms like Facebook groups, you can reach potential listeners interested in your content.

Audible Podcast Development Program

For those with podcast ideas, the Audible Podcast Development Program offers a $10,000 commission fee to bring your podcast to life. This includes production costs, script guidance, and access to resources. Keep an eye on Audible’s website for updates on submission windows.

Affiliate Marketing on Audible

Another way to make money on Audible is through affiliate marketing. Audible offers two affiliate programs — the Amazon Associates Program and the Creator Program.

Amazon Associates Program

The Amazon Associates Program allows you to earn advertising fees for referring Audible purchases. You can promote a wide range of products through Amazon, including audiobooks. By strategically advertising products related to your niche, you can earn commissions on each sale you refer.

Creator Program

Specific to Audible, the Creator Program is used by podcasters to promote the 30-day free trial of Audible to their audience. For every successful free trial membership you secure, you earn a $15 commission. This can be a great way to monetize your podcast and engage your listeners.

In conclusion, Audible offers various opportunities to make money through content creation and affiliate marketing. Whether you’re narrating audiobooks, creating your own content, or promoting Audible memberships, there are avenues to explore for additional income. Keep exploring different ways to leverage Audible and maximize your earning potential in the audio storytelling space.