Can you really make money online with Amazon Audible? Well in this awesome blog post I’ll explain and indebt review on How To Make Money on Audible in 2022 , Audible business model, How Much Money Do Audible Narrators Make, How Does Audible Pay You, and some frequently asked questions by members.
What is Audible on Amazon?
With a library of over 200,000 titles, Audible is the world’s largest provider of audiobooks and other spoken-word entertainment. It provides a large selection of audiobooks, podcasts, and members-only content. Since its inception in 1997, the company has grown to over 300 million active monthly users.
So, how do you profit from Audible? With such a large network of active monthly users, Audible provides a one-of-a-kind opportunity to earn money. Some methods include referrals, sharing your affiliate code, and creating your own audio content and sharing it with them.
Continue reading to find out how you can use Audible as a goldmine to make extra money from home using your phone or computer. You will also discover how DoNotPay is a more convenient and easier way to make money online.
What is the Audible business model?
Audible’s business model is straightforward. Their website and mobile app are where they sell audiobooks and other content. Furthermore, they have an agreement with Amazon that allows them to sell their content on the Amazon Kindle store.
Audible is interesting because they have a very generous affiliate program. Simply put, if you refer someone to Audible and they sign up for a free trial or purchase a membership, you will receive a commission.
How to make money on audible 2022
There are a few possibilities.
- You can create and sell your own audiobooks on Audible.
- You can use your website or blog to promote Audible’s free trial offer.
- You can use your website or blog to promote Audible’s membership program.
- You can use your website or blog to promote Audible’s audiobooks.
Each of these methods can be quite profitable, and I’ll show you how to do them in this blog post.
1. You can create and sell your own audiobooks on Audible
The first way to make money with Audible is to write and sell your own audiobooks on their platform.
If you’ve never made an audiobook before, the process is actually quite simple.
You must first record your book. This is possible with a microphone and a recording program such as Audacity (which is free).
Once your book has been recorded, it must be converted into an MP3 file. This is also quite simple.
Finally, you must submit your book to Audible. They have a very user-friendly interface and will even assist you with formatting if necessary.
People can begin purchasing and listening to your book once it is available on Audible. And you get a commission every time someone buys your book.
The advantage of this method is that it is relatively passive. You are not required to do anything else once your book has been created and uploaded. Sales will happen on their own.
Furthermore, Audible has a large customer base, so your book will likely be seen by a large number of people.
2. Audible’s Free Trial Offer Promotion
The second method is to promote Audible’s free trial offer on your website or blog.
Audible provides a free 30-day trial, and you earn a commission if someone signs up for the trial using your affiliate link.
The great thing about this method is how simple it is to promote. Simply write a blog post explaining how Audible works and how others can benefit from it.
You can also make a video review of Audible and upload it to YouTube.
3. Audible Membership Program Promotion
The third method is to promote Audible’s membership program on your website or blog.
Audible offers a monthly membership program that grants users access to a set number of audiobooks each month. You will be paid a commission if someone signs up for the membership using your affiliate link.
This method is similar to promoting the free trial, but it can be more profitable because people who sign up for the membership are more likely to use Audible in the future.
4. Audible Audiobooks Promotion
The fourth method is to promote Audible audiobooks on your website or blog.
How to Become an Audible Partner
One of the simplest ways to make money on Audible is to become a partner. You can earn money on Audible by simply inserting the affiliate link for the goods or services you are actively promoting.
This link takes you to the website where you can buy the goods or services you’re endorsing, making it simple for you to earn money that will be paid to you via check or direct bank deposit. Simply follow the steps below to register:
- Become an Audible affiliate by clicking this link: https://www.audible.com/ep/affiliate-introduction
- Encourage as many people to sign up as possible by publicizing your free trial on social media and your website.
- Your listeners will receive a free audiobook if they sign up during your 30-day free trial period.
- You’ll get $15 for the free trial every time someone signs up for Audible through your affiliate link.
- If your balance reaches $30 or more, you will be paid once a month by check or direct deposit.
How Much Money Do Audible Narrators Make?
Audible compensates narrators based on the length of the audiobook. The starting pay is $150 per finished hour, with additional payments for production costs and royalties. A finished audiobook can cost anywhere from $500 to $20,000.
How Does Audible Pay You?
Audible compensates its members by paying a percentage of the retail price of each audiobook purchased through the program. The amount you earn is determined by how many audiobooks you purchased from Audible in the previous 12 months. The greater your percentage, the more audiobooks you have purchased.
Here are the different tiers and the percentages that can be earned:
- You will earn 10% of the retail price if you have purchased 0-9 audiobooks in the last 12 months.
- You will earn 15% of the retail price if you have purchased 10-19 audiobooks in the last 12 months.
- You will receive 20% off the retail price if you have purchased 20 or more audiobooks in the last 12 months.
Because audible uses PayPal as a payment gateway, you must have a PayPal account in order to receive payments. You can request a payout at any time, and the funds will be transferred to your PayPal account within seven days.
Audible is a subsidiary of Amazon that sells spoken audiobooks and other content. In fact, they had over 31 million active customers as of January 2019.
You can profit from Audible by becoming an affiliate and promoting the company’s products on your website or blog. As an affiliate, you will be paid a commission on every sale you make.
Simply sign up for the program on Amazon’s website to become an affiliate. Once approved, you’ll be given a unique affiliate link to promote Audible products on your website.
When a visitor clicks on your affiliate link and makes a purchase, you will receive a commission. The more sales you make, the more money you will earn.
Consider promoting Audible products as an affiliate if you want to monetize your website or blog. It’s a great way to make money because you can earn a commission on every sale.
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Frequently Asked Questions
How does Audible make money?
You can profit from Audile’s goods and services by selling them. Any product or service, including audiobooks and eBooks, is available for purchase. After you have your own account, record your voice for the product or service and upload it to the Audible platform.
How much money do Audible users make?
Experienced or skilled narrators can expect to earn $168.25 per hour, or $1,346 for an eight-hour completed audio book. Experienced non-union narrators, on the other hand, can expect to earn between $90 and $250 per completed hour. A non-union narrator, on the other hand, is more likely to earn less than $150 per hour.
Is Audible paying authors?
Regrettably, this is incorrect! Audible never pays authors the stated “royalty” rate. Instead, they base the “royalty” on “Net Sales,” a figure so distorted by Audible that these “Net Sales” changes equal a 50% reduction in the suggested retail price.
Is Audible a success?
As of 2021, Audible is still a part of the Amazon ecosystem. Overall, the company is profitable. Despite competition from companies such as Audiobooks.com, Audiobooks Now, Downpour, and others, the company maintains a sizable market share.