Audible, an Amazon subsidiary, has carved out quite a niche in the digital realm by offering a range of audio content from audiobooks and podcasts to its own Audible Originals. However, some have expressed curiosity regarding the financial aspects, more specifically, how much Audible pays. Let's delve into this topic by considering the perspective of audiobook narrators, employees, and even consumers.
How Much Do Audible Narrators Get Paid?
For those with vocal talent, becoming an audiobook narrator is an attractive prospect. Audible pays narrators through ACX (Audiobook Creation Exchange) — a platform that connects rights holders (usually authors or publishers) with narrators. Payments are often calculated on a "Per Finished Hour" (PFH) basis or via a royalty share system.
The PFH rates for audiobook narrators vary, but on average, beginners can expect around $50-$100 PFH, while more seasoned narrators can earn between $200 and $400 PFH. Top-tier narrators, those who've mastered the art of bringing audiobooks to life and have proven themselves with best sellers, may command rates of $1000 PFH or even more.
The royalty share system is a different approach where narrators forgo the upfront payment in favor of a percentage of the audiobook's sales. This can be a more lucrative option, especially if the audiobook becomes a best seller or trending pick. However, a degree of risk is involved with this approach, as the audiobook might not sell well.
Can You Make Money with Audible?
Beyond narrating, you can also make money with Audible through self-publishing. Indie authors can publish their audio versions on ACX and choose either an upfront payment or a royalty share deal. These audio files can then be sold on Audible, Amazon, and iTunes, providing another income stream.
Moreover, Audible's Bounty Program allows anyone with a social media following to earn money. By encouraging your followers to sign up for a 30-day free trial of Audible, you can earn a fixed amount for every first-time Audible Premium Plus member who joins using your referral. That could make for a nice passive income avenue.
How Much Does Audible Pay Their Employees?
As a leading company in the audiobook industry, Audible offers competitive salaries to its employees. While the exact amount varies based on the role, location (like New York), and experience, Glassdoor reports that the average salary for a full-time Audible employee ranges from $60,000 to $130,000 per year as of 2023.
What Are the Benefits of Working for Audible?
There are several perks when it comes to working for Audible. For example, employees receive a complimentary Audible membership, which includes free audiobooks from the Plus catalog, free books on their first day, and discounts on additional Audible books. Other benefits include health insurance, 401k matching, and generous vacation policies. Some roles even offer the ability to work remotely, providing more flexibility.
Is Audible Worth It?
From a consumer perspective, the value of an Audible membership depends largely on one's consumption of audiobooks. Audible Premium Plus membership plans start at $14.95 per month, which gives members one credit (good for any audiobook, regardless of price) and unlimited access to the Plus Catalog, which includes thousands of free audiobooks, Audible Originals, and podcasts. If you’re an avid listener, especially of new releases or best sellers like the audio versions of "Harry Potter," this could offer excellent value.
Additionally, if you're an Amazon Prime member, you'll get access to a rotating selection of free audiobooks each month, making the membership even more valuable.
However, it's worth noting that canceling an Audible membership can be a bit tricky, as you lose any unused credits. So, it's essential to know how to get the most out of your membership before committing to it.
How to Cancel Audible
Whether it's for financial reasons, a lack of usage, or simply because you're exploring other options, cancelling your Audible subscription is straightforward. Here's how to go about it with step-by-step instructions that ensure you can end your membership without any hassle.
- Log In: Sign into your Audible account on the website.
- Go to Account Settings: Navigate to the "Account Details" section of your account.
- Find Membership Details: Click on "Membership details" where you can view your subscription type.
- Select Cancel Membership: Look for the "Cancel membership" option and click on it.
- Follow Prompts: Follow the on-screen prompts which may include answering why you are canceling.
- Confirm Cancellation: Confirm your cancellation when prompted to finalize the process.
