How to Make Money with Audible Amazon: A Detailed Guide
Are you looking to monetize your passion for books and audio content? Audible, an Amazon subsidiary, offers a platform where you can earn money by sharing your love for literature. Whether you’re an author, a book reviewer, or simply someone with a knack for recommending great reads, there are several ways to make money on Audible. Let’s dive into the details.
1. Become an Author
One of the most straightforward ways to make money on Audible is by becoming an author. If you have a story to tell or a book you’ve written, you can publish it on Audible and earn royalties from each sale.
- Write Your Book: Start by writing a compelling book. Whether it’s fiction or non-fiction, ensure it’s well-written and engaging.
- Record Your Narration: If you’re not comfortable narrating your own book, consider hiring a professional narrator. Audible provides guidelines on the quality and style of narration they prefer.
- Upload Your Book: Once your book is ready, upload it to Audible’s platform. You’ll need to fill out a few details about your book, including the title, author name, and genre.
- Set Your Royalties: Audible offers a tiered royalty structure, with higher royalties for books that sell more. You can choose your royalty rate based on your expectations and the market for your book.
Here’s a table showing the royalty rates for different sales volumes:
| Sales Volume | Royalty Rate |
|---|---|
| Up to 2,000 | 40% of net revenue |
| 2,001 to 5,000 | 50% of net revenue |
| 5,001 to 10,000 | 60% of net revenue |
| 10,001 to 25,000 | 70% of net revenue |
| 25,001 to 50,000 | 80% of net revenue |
| 50,001 and above | 90% of net revenue |
2. Narrate Audiobooks
Another way to make money on Audible is by narrating audiobooks. If you have a good voice and enjoy reading, this could be a lucrative opportunity.
- Find Opportunities: Audible offers a variety of opportunities for narrators, including direct contracts with authors and through their narrator network.
- Record Your Demos: Record a few sample narrations to showcase your style and talent. Ensure your demos are high-quality and reflect your ability to bring a story to life.
- Apply for Jobs: Submit your demos to Audible and apply for available narration jobs. You can also reach out to authors directly to offer your services.
- Set Your Rates: Negotiate your rates based on your experience, the length of the book, and the complexity of the content.
3. Review Audiobooks
As an audiobook reviewer, you can earn money by sharing your thoughts and opinions on Audible’s platform. This is a great way to make money if you love reading and have a knack for writing.
- Join Audible’s Reviewer Program: Sign up for Audible’s reviewer program, which allows you to receive free audiobooks in exchange for your reviews.
Write detailed and honest reviews of the audiobooks you receive. Focus on aspects like the story, narration, and production quality. For each review you write, you’ll earn credits that can be used to purchase more audiobooks or other Audible products.
