Audible is a popular platform that offers a vast collection of audiobooks, podcasts, and other audio content.
If you are someone who loves to read or listen to books then making passive income with Audible is a great way to earn money while doing something you enjoy.
In this article, we will discuss the four best methods to make passive income with Audible. Whether you are a content creator or just someone looking to make some extra cash, these methods will help you earn money on Audible without putting in a lot of effort.
So, let’s dive!
Table of Contents
1- Create An Audiobook And Publish It On Audible
If you love to write or have a talent for storytelling, creating an audiobook can be an excellent way to make passive income with Audible. Audible is always looking for new and exciting content to add to its platform, and you can take advantage of this opportunity by creating your own audiobook.
To get started, you need to write your book or find someone to write it for you. Once you have your book, you can record it yourself or hire a professional narrator to do it for you. It’s important to make sure that the audio quality is good and that there are no background noises or distractions.
Once you have your audiobook ready, you can publish it on Audible and start earning passive income. Audible offers a royalty program that pays authors a percentage of the sales of their audiobooks. The percentage varies based on the price of the audiobook and other factors, but it can be a great way to earn money without putting in a lot of effort.
Creating an audiobook can take some time and effort, but it can be a rewarding experience that pays off in the long run. If you have a story to tell or knowledge to share, consider creating an audiobook and publishing it on Audible to make passive income with Audible.
Sean Dollwet details in this video how he made over $16,000 by publishing audiobooks on Audible, if you’re interested in this method and want to learn more, you can watch it to get an idea of what’s possible.
2- Join Audible’s Affiliate Program
Another great way to make passive income with Audible is by joining their affiliate program. As an affiliate, you can earn a commission by promoting Audible’s products on your website, blog, or social media accounts.
To get started, you need to sign up for Audible’s affiliate program and get approved. Once you’re approved, you can start promoting Audible’s products using your unique affiliate link. When someone clicks on your link and makes a purchase on Audible, you earn a commission.
Audible’s affiliate program offers a competitive commission rate, making it a great way to earn passive income with Audible. The commission rate varies based on the product and the number of sales you make, but it can be a lucrative opportunity for those who have a large following or a platform to promote Audible’s products.
3- Become A Narrator on ACX
ACX is a platform that connects authors and publishers with narrators and producers to create audiobooks. As a narrator, you can earn royalties for every audiobook sold on Audible, which can add up to a significant amount of passive income.
To become a narrator on ACX, you need to create a profile and upload samples of your narration work. You can also browse through the available audiobook projects and submit auditions for the ones that interest you. Once you are selected for a project, you will be given a script to record and edit. The final product will be reviewed by the author or publisher before it is published on Audible.
To be a successful narrator on ACX, you need to have a good voice and be able to bring characters to life through your narration. You also need to have the right equipment, including a good microphone and audio editing software. It’s important to invest in your equipment and skills to produce high-quality audiobooks that will sell well on Audible.
If you’re interested in making passive income through narration, I recommend checking out the VoiceOverAngela channel on YouTube. Angela covers a variety of topics that can be helpful for beginner narrators. Specifically, I suggest starting with this playlist if you’re just starting out on your narration journey.
Once your audiobook is published on Audible, you can start earning passive income from the royalties. The amount of royalties you earn depends on the price of the audiobook and the percentage of the royalty split agreed upon with the author or publisher. However, with the right skills and dedication, you can earn a significant amount of passive income with Audible as a narrator on the ACX platform.
Becoming a narrator on the ACX platform is a great way to make passive income with Audible, so if you have a good voice and are passionate about storytelling, consider becoming a narrator on ACX to start earning passive income.
4- Sell Audio Versions Of Products Sold On Audible
One of the most effective ways to make passive income with Audible is by selling audio versions of products that are already being sold on the platform. This strategy is particularly useful if you have a product that has already been successful in other formats, such as a book or an online course.
To get started, you’ll need to create an audio version of your product. This can be done by recording yourself reading the book or course material, or by hiring a professional voice actor to do it for you. Once you have the audio version, you can upload it to Audible and start selling it alongside your other products.
One of the benefits of selling audio versions of your products on Audible is that it allows you to reach a new audience. Many people prefer to listen to books or courses while they’re driving, exercising, or doing other activities, so offering an audio version can help you tap into this market.
Another benefit is that once the audio version is uploaded, there’s very little maintenance required. Unlike other forms of passive income, such as affiliate marketing or advertising, you don’t need to constantly monitor or update your product. Once it’s up on Audible, it will continue to generate revenue as long as people are buying it.
In order to make the most of this strategy, it’s important to promote your audio product on social media and other platforms. You can also offer special deals or discounts to incentivize people to buy and encourage satisfied customers to leave positive reviews on Audible.
Make Passive Income With Audible Wrap-Up
Making passive income with Audible is a great way to earn money while doing something you love.
By using the four methods we’ve discussed, you can start earning money from your audiobook content today.
Keep in mind that building a successful passive income stream takes some initial investment but with persistence and the right strategies, you can turn your audiobook content into a profitable venture.
So, start exploring your options today and see how you can leverage Audible to create a sustainable source of passive income.