The book market is constantly changing and evolving as the new technologies are coming into play. The introduction of audiobooks into the market has given the readers and the writers a unique avenue to consume and publish books. With popular audiobook platforms, the market for audiobooks is large and continues to grow each year. Now, if you are an author with just the print and electronic version of books then you should consider creating an audiobook too. As these audiobooks can help you in taking forward your work to a completely new dimension and achieve the most out of your work!
Most of us might not have heard, but the audiobook market has grown to become a billion-dollar industry. This growth has been rising steadily in the last few years and no other format in publishing can claim similar results within the same period. The recorded growth of the Audiobooks is found remarkably high and they had greatly contributed in the blooming of the publishing industry too. Therefore, altogether we can agree that the Audiobooks had played a pivotal role in the rise of the book business.
Moreover, this the best thing about the Audiobooks, that it simplifies the activity of book reading for us! With the access to Audiobooks, now even in our busy life we can listen to the books along with carrying out more than one tasks simultaneously, like for example we can listen to the Audiobooks while working out in the gym or cooking or sitting in a cab or during the walks in the park or even while eating!
Now, let us focus on those advantages of the audiobooks, which are compelling enough to make you consider of turning your own books into audiobooks –
1) Earn More Profits: Audiobooks are a profitable industry. According to a recent study conducted by Pew Research, almost 20 percent of Americans listen to audiobooks. Because the cost to convert a book into an audiobook is low, the profit margin for audiobooks is on the higher side.
2) Reach a Different Audience: You can reach and engage a new and different audience through audiobooks, as not all book lovers like to read. Many people who are dyslexic, blind, or just plain busy are buying audiobooks at an increasing rate. In addition, you can boost your print and e-book sales by adding audio versions as you reach a wider audience.
3) Never worry about Stock: You do not need to worry about having your book in stock because a downloadable file is always there. One publisher recently released a title early due to the media buzz it was getting. There were not enough books printed in the first run to meet demand and by the time the media hype had blown over, no one was interested in the book anymore. Fortunately, for the author the book was available in audio version via instant download. Well, let us just say he made a lot of money thanks to his audio version of the book.
4) Be Easily Discovered: Audiobooks put you on the digital map, making it easier to find your content. It is easier for book lovers to discover your book among 100,000 other titles at Audible.com than it is to find you among millions of print authors online. You can stand out by being one of the minority of authors who produce their book in an audio version.
5) Budget your Time and Funds: Audiobooks today are relatively inexpensive and easy to produce, and there are now more options for authors, who want to produce audiobooks. There are services for hire like the Audiobook Creation Exchange, ACX, which even allows you to create your audiobook for free as long as you share profits with the narrator. You can even record your own voice and create your audiobook completely yourself.
Written By NEEL PREET – Author of the Books, Voice From The East (2016); Journey With Time Place And Circumstances (2018) & Indian Defence Files (2021).
