Audible, the audio storytelling service founded in 1995, has become a household name for audiobook and podcast enthusiasts. With Amazon acquiring Audible in 2008, the platform has expanded its global reach to over 180 countries and offers content in 47 languages. Boasting a catalog of hundreds of thousands of titles, Audible has become a go-to destination for listeners seeking high-quality audio content.
But can you make money on Audible? The answer is yes, and there are two main avenues to explore for potential earnings — content creation and affiliate marketing. Let’s delve into each of these areas to understand how you can leverage Audible to boost your income.
Content Creation on Audible
One way to make money on Audible is through content creation. Whether you’re narrating audiobooks, creating your own audiobooks, or participating in the Audible Podcast Development Program, there are opportunities to earn through your creative endeavors.
Narrate Audiobooks
Audiobook Creation Exchange (ACX) is Audible’s platform for connecting narrators with authors looking for someone to bring their books to life. As a narrator, you can choose from different contract structures, including pay-for-production deals, royalty share deals, or a combination of both. Depending on the distribution rights, narrators can earn up to 40% in royalties from audiobook sales.
Create Your Own Audiobook
If you have a unique story to tell or expertise to share, creating your own audiobook can be a lucrative venture. By leveraging your existing audience or tapping into niche communities on social media, you can promote your audiobook and earn royalties from sales. Additionally, through the Bounty Referral Program, you can earn up to $75 for each new member you bring to Audible.
Audible Podcast Development Program
For aspiring podcasters, the Audible Podcast Development Program offers a $10,000 commission fee to bring your podcast idea to life. This program provides support in production, script development, and access to resources to help you create a successful podcast. Keep an eye on Audible’s website for updates on when the submission window opens for new entries.
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 — which allow you to earn commissions by promoting Audible products.
Amazon Associates Program
With the Amazon Associates Program, you can earn advertising fees for referring Audible purchases. By strategically promoting a variety of products, including audiobooks, you can earn commissions on each sale. For example, travel bloggers can advertise travel audiobooks alongside travel essentials and earn commissions on referred sales.
Creator Program
Specifically designed for podcasters, the Audible Creator Program offers a $15 commission for every successful referral of a free trial membership. By promoting the 30-day free trial of Audible to your podcast audience, you can earn commissions for each sign-up. Commissions are paid monthly, as long as you reach the $30 payout threshold.
In conclusion, Audible offers multiple opportunities for individuals to make money through content creation and affiliate marketing. Whether you’re a narrator, author, podcaster, or influencer, there are avenues to explore for earning potential on the platform. By leveraging your creativity, expertise, and audience, you can turn your passion for audio storytelling into a profitable venture on Audible.
