How Much Does Audible Make?
Audible is one of the biggest audiobook producers and retailers in the world. They make money by selling subscriptions and individual audiobooks. They also make money through affiliate marketing and narrating.
Authors and narrators receive a fraction of the advertised 40% “royalty” for exclusive or non-exclusive deals, and their break-even point is even lower.
How to make money on Audible
Audible is one of the best ways to make money online. It’s a great platform for spoken word entertainment and it can earn you thousands of dollars per month in passive income. You can do this by narrating audiobooks, or you can create your own.
Creating an audiobook is easy and can be done on any subject. Just find a topic that people will be interested in. For example, if you’re a health and fitness blogger, you can create an audiobook about liver cleansing or gut health. Audible can even market your audiobook to potential customers for a small commission.
Audible also offers a range of affiliate programs for podcasters, bloggers, and influencers to make extra revenue. These programs can earn you commissions when viewers, visitors, or listeners sign up for a free Audible subscription through your affiliate link. This is a great way to boost your earnings and diversify your income stream.
Audible is the world’s leading producer of audiobooks and has millions of users worldwide. Its library includes everything from new releases to classics. In addition, it offers a wide variety of genres and narrators. The company’s popularity has increased during the COVID-19 pandemic, as people are looking for ways to fill their time.
Many Audible users are bookworms, and enjoy listening to their favorite authors in a different format. They also love the convenience of Audible, which allows them to listen during commutes and workouts. In addition, the platform’s synchronization feature makes it easy to move between devices and stay on track with your listening.
However, Audible’s royalty math is complex, and it often results in income loss to authors. This is particularly true for books sold through Audible Credits and the second royalty category (Net Sales) on ACX’s monthly statements. For this reason, many authors have decided to produce audiobooks on non-ACX platforms.
Audible is one of the most popular audiobook streaming services. It offers a great selection of podcasts, audio books, and more. Its success is due to its unique business model, which separates payment from consumption. It takes advantage of our built-in desire to recoup costs and turn them into benefits.
The service offers two subscription plans: Plus and Premium Plus. The former costs $7.95 per month and includes unlimited streaming access to its Plus catalog of about 11,000. Premium Plus costs almost double and gives you one credit each month that can be used from the rest of the Audible library, which contains about 450,000 titles.
Audible also produces original content, called Audible Originals. These include some that are not books in the traditional sense, such as a musical production of War of the Worlds and a series of conversations with therapist Esther Perel on relationship issues. Audible users can listen to these for free with an Audible membership or purchase them separately.
Audible is an impressive business that is taking the entertainment world by storm with its revolutionary audiobook, podcast, and music streaming platform. In addition to its core business of audiobooks, Audible also generates revenue through advertising and subscriptions.
Despite its success, Audible has some issues. One such issue is its royalty rates, which are much lower than those of traditional brick-and-mortar stores. Authors often complain about these rates because they don’t pay them enough to offset the cost of production and distribution.
Sanderson was among the first high-profile authors to publicly challenge Audible’s royalties, and he did so with good reason. He noted that Audible takes only 50% of a book’s retail price, which is less than what brick-and-mortar stores take. He also pointed out that Speechify offers authors 70% royalties, which is a much better deal than Audible’s 25% royalty rate.