The 5 Best Ways To Make Money On Audible In 2023

Yes, it is possible to make passive income on Audible in a few different ways by utilizing a variety of other methods. All you need to get started is an internet connection!

One way is by creating and selling your own audiobooks on the Audible Creator Program. This program allows authors and publishers to upload and sell their own audiobooks on the platform, earning a percentage of the sale price.

Another way to make money on Audible is by becoming an Audible narrator. This involves recording audiobooks for others on the platform and earning money through a flat rate fee for each finished hour of narration or by opting for a royalty share agreement with the author or publisher.

Hosting a popular podcast on Audible and charging for access to it is another way to make money on the platform. Additionally, monetizing your content by partnering with brands for sponsorships is also a viable option.

Promoting Audible products and services through affiliate marketing is another way to earn money on Audible. By joining the Audible Affiliate Program and promoting Audible products through your own website or social media posts, you can earn a commission for each sale made through your referral link.

However, it's worth noting that making money on Audible requires effort and dedication. You must produce high-quality content that appeals to your target audience and actively promote it to attract listeners. Additionally, it's essential to understand Audible's terms of service and be aware of copyright laws before monetizing your content.

It's also essential to have a good understanding of the market and audience you are targeting, as well as the competition you will be facing. With the right strategy and effort, it is possible to make money on Audible.

If you want to know more details on how to make money on audible, then keep reading!

1. Sell audiobooks on Audible:

If you want to know how to make money on audible as an author, then try converting your published book into audio files to create audiobooks.

You can either hire a narrator to record your audiobook or do it yourself if you already have a professional setup or know someone that can let you rent out a studio to record. Sometimes publishing audiobooks can take a bit of effort upfront, but you can reap the benefits for years to come.

If you are an author or publisher, you can sell your audiobooks on the Audible website and earn a percentage of the sale price.

With the Audible Creator Program, you can publish your audiobook and get access to a broad audience. It's worth noting that audio quality is crucial when selling audiobooks, so make sure to invest in good recording software and equipment to ensure your audio files sound professional.

Top 5 requirements for selling audiobooks on Audible:

1. Audible ACX account: To sell audiobooks on Audible, you must first have an audiobook creation exchange (ACX) platform account. This platform allows authors, publishers, and narrators to connect and collaborate on audiobook production and distribution.

2. Ownership or rights to the audiobook: To sell an audiobook on Audible, you must either be the author or the publisher of the work or have obtained the rights to produce and distribute an audiobook version of the work.

3. Professional quality recording: Audible requires that all audiobooks sold on its platform meet a certain level of quality for each audio file. This means that the audiobook must be recorded in a professional studio or with professional-grade equipment and be free of background noise, distortion, or other audio artifacts.

4. ISBN number: All audiobooks listed on Audible must have an ISBN number, which is a unique identifier assigned to each published work. This is necessary to ensure accurate tracking and reporting of sales.

5. Audible Approval: All audiobooks must be approved by Audible's content review team before they can be sold on the platform. This process ensures that all audiobooks on Audible meet a certain level of quality and are free of any technical, legal, or content-related issues.

2. Become an Audible narrator:

If you have a professional-quality recording setup and a good speaking voice, you can audition to become an Audible narrator and earn money by recording audiobooks for the platform.

With this program, you have the option to narrate audiobooks, which can generate passive income for you. Becoming an audiobook narrator is also an excellent opportunity to network with other audiobook narrators and gain insights into the audiobook industry.

Top 5 requirements for becoming an audiobook narrator on Audible:

1. Professional voiceover experience: Audible looks for narrators with experience in voiceover work, including audiobook narration, commercial voiceover, and other forms of spoken word recording. Professional narration is key.

2. High-quality recording equipment: Audible requires narrators to have access to professional-grade recording equipment, such as a condenser microphone, a digital audio workstation (DAW), and a sound-treated recording space.

3. Strong acting skills: Audiobook narration requires a narrator to bring the story to life through voice acting. Strong acting skills are required to convey emotions, characters, and story elements effectively.

4. Flexibility: Audible requires narrators to be able to perform in a variety of genres and styles, and be able to adapt their voice to different characters and accents.

5. Audible Audition: Audible requires a narrator to submit an Audible Audition, which is a recording of a passage from an audiobook or other spoken word material. This is used to assess the narrator's voice, acting skills, and recording quality before they can be hired as a narrator.

3. Promote Audible as an affiliate:

Suppose you have a website or blog related to audiobooks or other spoken word entertainment.

In that case, you can join the Audible Affiliate Program and earn a commission for each sale made through your referral link. You will need your own account for this, but not necessarily an audible membership plan to get started. Also, it is easy to get set up.

By promoting Audible products and services on your own website using an affiliate link, you can earn money effortlessly. The extra money you earn on Audible can be collected through a direct bank deposit.

For example, if you offer a product like a free audiobook that you created through audible, then you can direct your website or social media traffic to Audible. There, they will be able to see more Audible offers, and if they decide to buy anything from the platform, then you will earn money from it at no additional cost to your audience.

Affiliate marketing is quickly becoming one of the top ways people make money online through their online businesses. However, if you do include affiliate links in your content, then be sure to add a disclosure so that the reader is aware that they will not be charged extra.

4. Host Your Podcast On Audible:

Podcasts have gained popularity in recent years, and Audible has started to host and sell them as well. If you have a popular podcast, you can monetize it by hosting it on Audible and charging for access through an Audible membership.

Additionally, you can also sell audio versions of your podcast on other online retailers like Google Play. If you are also an Audible affiliate, you can use your affiliate link to sell audible products and split royalties.

5. Take On Sponsorships:

Another way to monetize your Audible content is by working with brands and sponsors to promote their products or services within your content.

By taking on sponsorships, you can earn extra cash by promoting products you believe in, and it can also be a way to gain more sales and listeners.

Top 5 ways to get sponsorships as a content creator:

1. Build a strong audience: Sponsors are more likely to invest in content creators with a sizable and engaged audience. Building a solid following on social media platforms and other content distribution channels can help you attract sponsors.

2. Create high-quality content: Sponsors are looking for content that aligns with their brand and helps them reach their target audience. Creating high-quality, engaging, and relevant content can increase your chances of attracting sponsors.

3. Network with brands: Building relationships with brands in your industry can increase your chances of getting sponsorship opportunities. Attend industry events, participate in online communities, and reach out to brands directly to build relationships.

4. Use analytics to demonstrate your reach and impact: Sponsors want to know that their investment in your content will reach their target audience. Use analytics tools to measure your reach and engagement and use this data to demonstrate the value of your content to potential sponsors.

5. Offer sponsors a tailored package: To attract sponsors, you need to offer them something that they want. Tailor your sponsorship package to meet the specific needs of the brand, such as sponsored content, branded videos, product reviews, or a dedicated social media campaign

How much money can you make on audible each month?

The amount of money you can make on Audible each month varies greatly depending on a number of factors, such as the quality and popularity of your content, how well you promote it, and the pricing strategy you use.

Some authors and narrators are able to make a full-time income from their Audible sales, while others may only make a few hundred dollars a month.

For example, if you're an author and you sell your own audiobook on Audible, you will receive 40-50% of the retail price on Audible.com and 30% of the retail price on Audible.co.uk for each audiobook sold.

As a narrator, you can earn a flat rate fee for each finished hour of narration, or you can opt for a royalty share agreement with the author or publisher. With the Audible Self-Publishing Platform, you can also earn royalties by narrating an audiobook for other authors.

Similarly, if you're a narrator, you will typically earn between $100 and $500 per finished hour of audiobook narration, depending on the length of the audiobook and your experience.

If you're a podcaster and you're charging for access to your episodes, you can expect to make anywhere from a few dollars to a few hundred dollars per month, depending on the size of your audience and the pricing strategy you choose.

When considering how to make money on audible, it's worth noticing that the earning potential can be limited by the competition and saturation of the market, and it's not a way to get rich quickly.