How to Make Money on Audible with Your Phone in 2024

How to Make Money on Audible

Millions tune into Audible, captivated by voices spinning tales and unlocking knowledge. But what if that captivating rhythm also resonated with the sweet chime of income?

Can you, aspiring wordsmith or voice whisperer, tap into the goldmine that is Audible in 2024?

The answer, resounding and clear, is yes. This post unlocks the treasure chest of possibilities, laying bare proven strategies to transform your Audible passion into a flourishing income stream.

When looking for an immersive reading experience in the era of digital content consumption, audiobooks have become a popular option. Audible is a dominant platform that meets this increasing demand for audiobooks and original content among other platforms.

However, many people might not be aware that Audible also offers chances for consumers to earn money.

We’ll look at How to Make Money on Audible with Your Phone in this blog post, including using the Audible Creator Program, signing up as a narrator, and taking advantage of the ACX Bounty Program.

Let’s dive in!

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What is Audible?

Audible is an American online audiobook and podcast service owned by Amazon. It allows users to:

  • Purchase and stream audiobooks: Audible boasts a vast library of audiobooks across various genres, from fiction and non-fiction to classics and bestsellers. You can buy individual audiobooks or subscribe to monthly membership plans for unlimited access to a curated selection.
  • Listen to podcasts: Audible has also expanded into the podcast arena, offering a range of popular and exclusive podcasts alongside audiobooks.
  • Produce and publish audiobooks: Through its self-publishing platform, ACX, Audible empowers anyone to become an audiobook creator. Whether you’re an author, writer, or aspiring narrator, you can upload your manuscript, find a narrator, and release your audiobook onto the platform.

Audible is considered the leading audiobook company in the US, known for its high-quality content, convenient platform, and innovative features.

Here are some of the key benefits of using Audible:

  • Convenience: Access audiobooks and podcasts anytime, anywhere, on your phone, tablet, computer, or other compatible devices.
  • Discovery: Find new books and podcasts based on your interests and preferences through personalized recommendations and curated channels.
  • Hands-free entertainment: Perfect for multitasking while commuting, exercising, or doing chores.
  • Variety: Explore a vast library of content across genres and formats, including exclusive Audible Originals.

If you’re curious to learn more about Audible, you can visit their website (www.audible.com) or download their app to try out a free trial and explore their library.

Things You Should Know:

Before delving into how to make money on Audible, it’s crucial to understand the platform’s dynamics.

As stated above, Audible is an audiobook and spoken-word entertainment service owned by Amazon, making it a reliable and widely recognized platform.

The revenue model primarily revolves around audiobook sales, subscriptions, and affiliate marketing.

Knowing the ins and outs of how Audible operates will better position you to capitalize on the opportunities it offers.

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Is it Possible to Make Money on Audible?

Absolutely! But like any path to prosperity, it requires dedication, strategy, and a dash of creative savvy.

This guide dissects the Audible ecosystem, unveiling avenues for authors, marketers, and narrators alike. Whether you wield the pen, the microphone, or the power of persuasion, a golden opportunity awaits.

The system provides many revenue streams, so you may use any or all of the monetization options to generate steady cash for yourself, regardless of whether you’re a writer, artist, or just a regular person looking to supplement your income.

Making money on Audible will require a lot of hard work, just like with any other online business, and it can take a while before you see any profits.

However, if you are persistent enough, you will probably become one of the many prosperous Audible users who consistently earn money from the service. The main question is how to make money on audible.

Understanding the Audible Self-Publishing Platform:

ACX, Audible’s self-publishing portal, empowers anyone to become an audiobook creator. Upload your manuscript, find a narrator, set your price, and voila!

You’re a published author on the world’s biggest audiobook platform. Royalties based on sales or Audible membership credits sweeten the deal.

Beyond direct sales, ACX Bounty programs offer lucrative rewards for promoting certain titles.

ACX also offers the following services:

  • Matching services for authors and narrators
  • Quality control and approval of audio quality before sale 
  • Delivery of the book to Audible, Amazon, and Apple Store
  • Calculation and payment of book royalties

How to Make Money on Audible with Your Phone

After thorough research, we have curated a list of ways how to make money on Audible with your phone in 2024.

Below are some of the ways how to make money on Audible with your phone in 2024.

  • Producing Audiobooks
  • Audible Creator Program
  • Utilizing Affiliate Marketing
  • Marketing Audible Products and Services
  • Pursuing a Career as a Narrator
  • Audible Podcast Development Program

1. Producing Audiobooks

For authors, self-publishing an audiobook on Audible can be a game-changer. Audible’s Audiobook Creation Exchange (ACX) platform allows authors to narrate their books or collaborate with professional narrators.

Once published, your audiobook becomes available for sale on Audible, opening up a revenue stream through audiobook sales and royalties. It answers the question of how to make money on audible.

(A). Steps for Creating an Audiobook on Audible:

  • Step #1: Identify a Lucrative Keyword: Research high-demand, low-competition niches using ACX’s market research tools. Think of self-improvement, business guides, or niche genres with dedicated readers.
  • Step #2: Employ a Ghostwriter: Don’t have the time or skill to write? Hire a ghostwriter who specializes in your chosen niche. Platforms like Upwork and Fiverr abound with talented wordsmiths.
  • Step #3: Design a Cover: A professional cover attracts listeners. Invest in eye-catching graphic design that aligns with your genre and target audience.
  • Step #4: Engage a Narrator: Your narrator is your voice. Choose someone with experience in your genre and a voice that resonates with your target audience. Platforms like ACX connect you with narrators, or you can hold auditions.
  • Step #5: Release on Audible and Market: Publish your audiobook and get the word out! Utilize social media, targeted ads, and book promotion platforms to reach potential listeners.

(B) Maximizing Earnings on Audible:

  • Select a Profitable Niche: Dive deep into high-demand, low-competition genres to stand out from the crowd.
  • Collaborate with Brands and Influencers: Partner with relevant brands or influencers to promote your audiobook to their audience.
  • Sell Through ACX: Utilize ACX’s distribution channels to reach international marketplaces and expand your reach.

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2. Audible Creator Program

If you’ve always asked how to make money on Audible, Join the Audible Creator Program if you’re a blogger, social media influencer, podcaster, or content producer to get paid every time one of your visitors or viewers signs up for a free trial subscription.

To promote Audible, all you have to do is provide listeners and visitors with a free audiobook and a free trial membership.

You will receive $15 for each new member who signs up for a free trial through your link or affiliate code! If you currently podcast, do videos, or have a social media following, this is a super simple way to make money on Audible.

3. Utilizing Affiliate Marketing

One of the simplest ways to earn money on Audible is to sign up as an affiliate. Using your blog, social networking accounts, email, and other platforms to market other people’s goods and services to your readership is known as affiliate marketing.

If you have a website or blog with a focus on literature, self-improvement, or any related niche, you can capitalize on Audible’s affiliate marketing program.

By becoming an Audible affiliate, you can earn commissions for every new member you refer to Audible through your unique affiliate link.

This method is particularly effective if you have a dedicated audience interested in audiobooks or literary content.

A complimentary 30-day trial of Audible is available, along with a complimentary audiobook that may be a classic or an Audible original.

The trial user has 30 days to decide whether Audible isn’t for them, at which point they can terminate their membership. If not, they have the option to subscribe to a monthly Audible membership.

Some Advice to Make You a Successful Audible Affiliate:

  • Give Audiences Natural Value
  • Provide a Free Audiobook to Your Audience
  • Earn Money Without Having to Sell

Overall, promote Audible memberships and titles through your website, blog, or social media platforms. Earn commissions for every successful referral. Build trust with your audience, by recommending audiobooks you genuinely love.

4. Marketing Audible Products and Services

Become an official Audible marketing partner, specializing in promoting their subscriptions, memberships, and exclusive services. This requires a dedicated audience and effective marketing strategies.

You have the option of selling Audible goods and services in addition to your audiobooks. For instance, you may use the platform to market eBooks, audiobooks, and other goods and services.

The great thing is that there is no need for promotion. All you have to do is make your own account, record the product or service using your own voice, and then upload it to the platform. You will then earn a commission for every sale that is generated.

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5. Pursuing a Career as a Narrator

Becoming an audiobook narrator can be a rewarding career for those with a magical voice. Here’s a detailed breakdown of the steps involved:

  1. Training: Consider taking acting or voiceover classes to improve your vocal technique and storytelling abilities. Many narrators also benefit from coaching specifically tailored to audiobook narration.
  2. Build a demo reel: Create a professional demo reel that showcases your vocal range and ability to bring characters to life. Include samples of different genres to demonstrate your versatility.
  3. Market yourself: Join platforms like ACX (Audiobook Creation Exchange) and other audiobook production websites where authors and publishers look for narrators. Create a compelling profile that highlights your skills and experience.
  4. Land gigs: Audition for audiobook projects on ACX and other platforms. Impress authors and publishers with your audition recordings, demonstrating your ability to engage listeners and convey the essence of the story.
  5. Professionalism: Once you land gigs, maintain professionalism by meeting deadlines, communicating effectively with rights holders, and delivering high-quality recordings.

By following these steps and continuously honing your skills, you can establish yourself as a successful audiobook narrator in the industry.

6. Audible Podcast Development Program

The Audible program offers a $10,000 award to promising podcasters with original narrative podcast ideas. This is an amazing way how to make money on audible.

If you have a great idea for a podcast, you can pitch it to Audible. If they believe in your idea, they will provide the $10,000 award to help you develop, produce, and publish your podcast on their platform.

Additionally, the Podcast Development Program will assist with editing your scripts, supply production equipment, and mentor you throughout the process.

You can visit https://www.audible.com to check for open calls for submissions, details, and tips.

Profiles of Top-Earning Audible Individuals

In this part of my guide on earning money from Audible, we will explore the most lucrative opportunities available on the platform.

You can earn money on Audible via!

  • Affiliate: $15/sale
  • Creating Audiobooks: $15 – $25 per book
  • Selling Audible Products/Services: Paid by commission (e.g. $0.50/audiobook)
  • Narration: $500-$5,000 per book

Below is a list of top earners on Audible and how they make their money

  • Paula Hawkins – Author on Audible: Her novel “The Girl on the Train” became a bestselling audiobook, demonstrating the power of a captivating story.
  • Marcus of Knowledge – Audible Affiliate: He built a large YouTube following focused on self-improvement, leveraging his platform to successfully promote Audible’s personal development titles.
  • George Guidall – Audible Narrator: With over 800 audiobooks narrated, he’s a legend in the industry, proving that a skilled voice can command top dollar.

Remember: Success on Audible takes time, effort, and smart strategies. Choose your path, hone your skills, and persevere. With dedication and a touch of innovation, you can turn your Audible passion into a symphony of success. So, step onto the stage, raise your voice, and let the world hear your story or the stories you bring to life. The riches of Audible await!

Beyond the Basics: Advanced Strategies for Audible Success

The core techniques we’ve explored are potent tools, but the true masters of Audible Income unlock their full potential with advanced strategies. Let’s delve deeper into the treasure chest, unearthing gems that can skyrocket your earnings:

1. Mastering the ACX Royalty Sharing Model:

  • Royalties vs. Royalty Share: Instead of setting a fixed price, offer to share royalties with narrators or producers. This incentivizes them to promote your book heavily, as their success translates to bigger cuts for them.
  • Hybrid Models: Experiment with combining royalty share with upfront payments to balance risk and reward for both parties.
  • Negotiating Your Share: Know your worth! Research common royalty splits in your genre and negotiate based on the quality of your content and the potential of your project.

2. Building an Audible Community:

  • Engage with Listeners: Don’t just publish and disappear. Participate in online forums, host Q&A sessions, and connect with your audience on social media. Build a dedicated fanbase that will eagerly devour your future releases.
  • Run Contests and Giveaways: Offer free copies of your audiobook in exchange for reviews, social media mentions, or email signups. This generates buzz and expands your reach.
  • Collaborate with Other Audible Creators: Cross-promote each other’s audiobooks to tap into each other’s audiences and reach new listeners.

3. Leveraging Data and Analytics:

  • Track Your Sales and Performance: Regularly analyze your book’s sales figures, reviews, and listener demographics. Identify what’s working and adapt your strategies accordingly.
  • Utilize ACX Advertising Programs: Invest in targeted advertising campaigns within the ACX marketplace to reach potential listeners searching for specific keywords or genres.
  • Experiment with Social Media Ads: Tailor your ad campaigns to reach readers interested in your niche on platforms like Facebook and Instagram.

4. Expanding Beyond Audible:

  • Convert Your Audiobook into Other Formats: Repurpose your audiobook content into ebooks, blog posts, or even video courses to reach a wider audience and create additional income streams.
  • Develop a Multimedia Experience: Partner with musicians or sound designers to create immersive soundscapes that enhance your audiobook and set it apart from the competition.
  • Explore International Markets: Translate your audiobook and release it on international Audible platforms to tap into new markets and boost your earnings.

5. Investing in Your Craft:

  • Continuous Learning: Attend workshops, webinars, and online courses to hone your writing, narration, or marketing skills. Stay ahead of the curve in the ever-evolving Audible landscape.
  • Network with Industry Professionals: Connect with authors, narrators, and Audible team members at industry events or online forums. Build relationships that can open doors to new opportunities.
  • Invest in Quality Equipment: If you’re a narrator, ensure you have a professional recording setup and microphone to deliver high-quality audiobooks that stand out from the crowd.

Bonus Tip: Stay tuned for my upcoming post, where we’ll delve into the future of Audible and uncover exciting new opportunities for creators and listeners alike. The story of Audible has just begun, and the best chapters are yet to be written!

Also See: How to Make Money Copywriting Online | Best Guide

Conclusion on How to Make Money on Audible

In conclusion, making money on Audible is not only plausible but also scalable with the right strategies in place.

Whether you choose to create audiobooks, delve into affiliate marketing, sell Audible products, or become a narrator, the potential for financial success on Audible is vast.

As we unravel the stories of high-earning Audible accounts and provide actionable tips for success, it becomes clear that Audible is not just a platform for listening but also a thriving marketplace for those looking to monetize their creativity and expertise. These are how to make money on audible.

FAQ on How to Make Money on Audible

How can I make money on Audible with my phone?

Producing Audiobooks
Audible Creator Program
Utilizing Affiliate Marketing
Marketing Audible Products and Services
Pursuing a Career as a Narrator
Audible Podcast Development Program

2. How much money can I realistically make on Audible?

Earnings vary greatly depending on your chosen path and effort. Authors can earn royalties from audiobook sales, with successful titles generating significant income. Affiliate marketers typically see commissions in the single digits per sale, but consistent promotion can build a reliable income stream. Narrators’ rates vary based on experience and project budget, but top professionals can command high fees.

3. What are the biggest challenges to making money on Audible?

Competition: The market is saturated, so standing out in your chosen niche requires high-quality content and effective marketing.
Building an audience: It takes time and effort to attract listeners and establish yourself as a reliable source of audiobooks or Audible-related content.
Technical knowledge: Depending on your chosen path, understanding ACX, royalty structures, and marketing strategies can be a learning curve.

References

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