Audible has solidified its position as the leading platform for audiobooks over its three-decade history. It’s become so ubiquitous that podcast advertisements for Audible subscriptions are almost inescapable. This widespread promotion is no accident; Audible offers lucrative opportunities for those who promote it, and for individuals seeking to generate income through the platform itself. Let’s explore the various avenues for making money on Audible and understand why it can be a valuable side hustle to boost your earnings.
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Understanding the Audible Platform
Audible, an Amazon-owned service, is a premier online destination for audiobooks. Since its inception in 1995, Audible has provided a vast library of spoken word entertainment, allowing users to purchase individual audiobooks or access them through various subscription plans. Beyond audiobooks, Audible has also expanded its offerings to include podcasts, catering to a wide range of listening preferences.
Audible’s subscription model typically involves credits, which subscribers receive monthly or annually depending on their chosen plan. These credits can be redeemed for any audiobook in the Audible catalog, regardless of price. Subscribers can enjoy their audiobook selections on smartphones and other smart devices via the Audible app, making it convenient to listen anytime, anywhere.
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3 Proven Strategies to Monetize Audible
While not always the most obvious choice for a side income, Audible provides substantial earning potential for those willing to dedicate effort. Whether you aim to tap into your creative talents by writing and narrating your own audiobook or prefer leveraging affiliate marketing, Audible presents multiple paths to enhance your financial standing. Let’s delve into practical methods to increase your income through Audible.
1. Leverage the Audible Affiliate Program
A focused voice actor in a recording booth narrates an audiobook, utilizing professional equipment.
One of the most accessible routes to generating income through Audible is by participating in its affiliate program. Similar to how many podcasters and YouTubers monetize their content, you can also leverage affiliate marketing to earn commissions. This approach is particularly effective for individuals with an established online presence, such as social media influencers.
To begin, you need to enroll in the Audible Creator Program, also known as the Audible Affiliate Program. Upon registration, you will gain access to unique affiliate links that you can share. When someone signs up for an Audible 30-day free trial through your link, not only do they receive a free audiobook and trial access, but you also earn a $15 commission for each successful trial signup.
For those already participating in the Amazon Associates Program, Audible promotion is seamlessly integrated. You can promote Audible within your existing Amazon affiliate account. Commissions through the Amazon Associates Program differ slightly: a free trial sign-up earns you $5, a Gold Digital Membership subscription yields $10, and individual audiobook purchases generate $0.50 each.
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2. Publish Your Original Audiobook
A female author enthusiastically narrates her book for an audiobook recording session.
If you possess a knack for storytelling and have a manuscript ready or in progress, consider transforming your written work into an audiobook for Audible. This can be a particularly rewarding venture if you’ve already self-published a book and wish to expand its reach.
The process of converting your book into an audiobook is more straightforward than many realize, largely due to the ACX platform. ACX, short for Audiobook Creation Exchange, is an initiative by Audible and Amazon designed to connect authors, publishers, and professional narrators. It serves as a marketplace that streamlines audiobook creation.
For authors who already have completed audiobook files, ACX offers a seamless way to distribute your content across multiple sales channels, including Audible, Amazon, and iTunes. ACX provides diverse earning structures and production models, allowing you to choose the arrangement that best suits your resources and objectives. Furthermore, ACX offers resources and guidance to assist in promoting your audiobook once it becomes available for sale.
3. Offer Your Voice as an Audiobook Narrator
A voice-over artist passionately narrates an audiobook in a professional recording studio.
Do you possess a captivating and engaging voice? If so, audiobook narration could be an ideal side hustle to generate additional income. The basic requirements to embark on a career as an audiobook narrator include a high-quality microphone, a reliable computer, and a quiet recording environment. The ACX platform is an excellent starting point for finding audiobook narration opportunities.
Beyond facilitating connections between authors and narrators, ACX serves as a platform for voice artists to advance their careers. At any given time, ACX lists hundreds of audiobook projects open for auditions from voice talent. Beyond ACX, other online platforms such as Voices.com and freelance marketplaces like Fiverr also provide avenues for securing voice-over work.
If you are new to narration and find it challenging to secure paid projects initially, consider volunteering to narrate books in the public domain. While this may not provide immediate monetary compensation, it offers invaluable experience in audiobook production and builds a portfolio of voice samples for future auditions. LibriVox is a notable platform for contributing to public domain audiobook projects.
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Frequently Asked Questions (FAQ)
Is Earning Money on Audible Actually Possible?
Yes, generating income through the Audible platform is indeed achievable. The primary methods include becoming an affiliate partner, producing and selling your own audiobooks, or working as an audiobook narrator via the ACX platform.
What is the Typical Pay Rate for Audible Narrators?
Compensation for Audible narrators can vary significantly. Entry-level narrators may start at around $10 per hour of finished audio. However, experienced and in-demand narrators can command rates of hundreds of dollars per finished hour, reflecting their expertise and efficiency.
How Can I Begin Earning Money on Audible?
To start making money with Audible, consider initiating with the Audible Creator Program, which allows you to earn commissions on free trial subscriptions. Alternatively, explore the Audible ACX platform to find audiobook narration projects and opportunities.
What is the Process for Getting Paid to Read Audiobooks?
The ACX platform is a recommended starting point. Developed by Audible and Amazon, ACX facilitates connections between voice narrators and authors or publishers seeking to produce audiobooks. You can audition for available audiobook projects and, upon selection, earn income by narrating books for the platform.
Michael Archambault is a senior writer for The Penny Hoarder specializing in technology.
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