Imagine earning tons of cash just for reading books. Seems impossible, right? BUT NO, it’s all true.
You may be thinking about ways to grab on the possibility of having your own online business.
Would you like to try this Amazon Business I’ve got for you? Does it give you the joy to add tons of new business ideas to your knowledge?
If this is something you’re interested in, check out Audible by Amazon.
Let’s see if Audible really is as profitable as they say. Let’s find out in this review.
However, before we start, let me first say something to you..
Audible – like most Amazon FBA programs – wants you to believe you can build and run a successful e-commerce business that’s automated, profitable, and generates cash around the clock in less than 90 days…
With just a couple hundred dollars in inventory…
Sounds a little too good to be true, huh?
Look, as far as most online businesses go, you could do a lot worse than Amazon FBA.
But does that mean it’s the best solution for you?
That’s what we’ll find out in this Audible review.
The biggest things you have to consider here are:
- Inventory Management
- Product Selection
- Time to Profit
While you can make good money with Amazon FBA, it’s not as easy or simple as most course creators make it sound. Let’s break these 3 down real fast:
1) Inventory Management: If you’re doing an FBA business, the promise is that you don’t need to worry at all about inventory, because Amazon takes care of packing, shipping, customer service, etc.
However, you still need to get products to Amazon. And Amazon has very strict rules all sellers have to follow when preparing products for their warehouses.
This includes packaging, labeling, and registering products in their system. If you’re preparing all products yourself, you’ll spend a TON of time on this step (potentially 4-5 hours a day).
So if you’re looking for a passive, automated business that runs itself, this might not be the best fit.
Now, yes, you can hire an Amazon prep center to do all this for you, but that eats into your margins.
And remember that Amazon takes around 30-40% in fees for using the FBA program, so your profits are pretty tight to begin with.
2) Product Selection: E-commerce is a cyclical business. “Hot” products are always going in and out of fashion, which means, as an Amazon seller, you constantly need to be on the lookout for the next big thing.
That means monitoring trends, searching for products that might be popular down the line, and constantly in a rat race to – essentially – predict the future.
Sure, you can play in the evergreen market (things people always need and buy), but how much profit margin are you really going to get on meal prep containers, rubber spatulas, and golf umbrellas?
Especially when there are hundreds of thousands of other sellers all swimming in that same ocean.
And because you’re constantly hunting for new hot products to sell, that takes up all the valuable time you could be using to travel, explore, read, surf, hike, or whatever else.
3) Time To Profit: Now, this isn’t the slowest turnaround time, but if you think you can put a dollar into inventory today and come out with two tomorrow, you’re sadly mistaken.
From the time you first buy products to sell, you could be looking at anywhere from 4-12 weeks before you see a dollar come back.
And it could take twice as long before you break even.
Now, that’s not terrible, but what if you could start building a different (non-Amazon) income stream today, and see your first profits tomorrow?
What if you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Low margins
- Constantly looking for the next hot product
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day packing, prepping, and researching?
If that sounds like something you’d be interested in, check out Digital Real Estate.
This is nothing like Amazon FBA, and that’s probably a good thing.
However, if you’d still like to know more about Audible, keep reading.
What Is Audible?
Podcasts and audiobooks are two of the services that Audible, which Amazon owns, provides to customers.
Audible is the biggest producer and marketer of audiobooks in the world. With more than three million audiobook titles, ranging from well-known classics to recently released works and original podcasts.
Other audiobook distributors, such as iTunes and Google Play, are seen as inferior to Audible. Given the fact that Audible has a much more impressive collection of celebrity and professional narrators as well as a wider variety of special features.
Try Audible Right Now And Become A Member
Audible provides new users a free 30-day trial that includes a free audiobook download. The chances are that the audiobook is an Audible original, or it might also be a classic.
You can cancel your membership with Audible only during the first thirty days. That is if you find that the service is not right for you.
In every other case, you can purchase a membership to Audible monthly.
Depending on your monthly plan, the Audible membership plan’s cost may range anywhere from $22.95 per month to $229.50 per year.
What Is Audible Self-Publishing Platform?
Audiobook Creation Exchange (ACX) is Audible’s platform for self-publishing audiobooks.
Signing up for ACX, claiming your book, filling out the information, and uploading the files are the only steps required to begin working with ACX.
The following additional services are available on the ACX website:
- A matching service for authors and narrators.
- The quality control and approval of audio quality before a sale on Audible.
- Delivery of the book to Audible, Apple Store, and Amazon.
- Calculation and payment of royalties.
No need to worry about the navigation! ACX exists to make you feel at home.
How Can I Produce Audio Files For My Audiobook?
When it comes to the creation of audiobooks, Audible provides you with two different options. These include:
Recording An Audiobook Yourself
If you choose this way, you’ll have to only spend less than $200 on the necessary hardware and software to narrate your book.
Secondly, you will need to schedule some time to modify the audio files. You must go through the whole book and check each audio clip as you listen.
After you have corrected the audio file parts with poor audio quality and rerecorded them, you can submit your audiobook.
Hiring A Professional Narrator To Record Your Audiobook
You may choose to have a finished audio recording of your book narrated by a professional narrator if you go with this option.
ACX provides users with access to a database that can put them in touch with professional narrators.
The length of your audiobook will determine how much it will cost to have it professionally recorded by an audiobook narrator.
Many ACX actors are willing to work for an upfront fee of $250 for hour-long audiobook productions.
When calculating the narrator cost, it is recommended that you use a range of $225-$300 for the cost per finished hour.
How Can I Sell Audiobooks On Amazon?
When it comes to selling audiobooks via Audible, the ACX platform is your best option.
You can sell books on Amazon, iTunes, and Audible via ACX, and for each sale you make, you will get 40 percent of the royalties.
Alternately, you can choose to go with the non-exclusive distribution of your audio books, which would result in you receiving 25 percent of the royalties.
Under this scenario, you are not allowed to share royalties with the producer.
Selling books on Amazon have saved a lot of authors from income crash. This can also work for you, too!
How Much Can I Make By Selling Audiobooks On My Amazon Account?
Producing an audiobook takes a lot of guts, skills, and talent, not to mention money. But if you already have everything, you should start producing audiobooks.
There has been an instant rise in the demand for audiobooks!
According to the Audio Publishers Association, the audiobook sector has seen revenue growth of more than ten percent since 2012.
If you meet the objective of selling 1,000 audiobooks in a month, you can make at least $1,102 in one month. This is stated by a number of writers who are self-published on Audible.
This is the minimum amount you can earn in a single month.
However, the number of audiobooks you create will continue to affect the amount of money you bring in.
Marketing your audiobooks via various advertising tactics is one of the most effective ways to accomplish this goal.
My Verdict On Audible?
Audible provides an excellent service for writers that are interested in self-publishing.
The Audible self-publishing service is a legitimate option.
The ACX website provides a complete guide for self-publishing, covering everything from production to distribution.
Audible simplifies the process of self-publishing by offering all of the assistance that is needed for successful navigation.
Is Audible A Scam?
So, is Audible a scam? Not technically. You can make money with this program, but it’s definitely not as easy as Audible makes it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – you need to do a ton of volume to make any real money.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months and then your reward is 15% profit on a $12 product (which comes out to $1.80), it’s not really worth it.
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month (recurring revenue)?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
And, unlike with Amazon FBA, you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
Are There Alternatives To Audible?
Yes, there are plenty of other business models to choose from if you want to pursue making money online. Here are just a few:
What Is My Top Recommendation In Making Money Online In 2022?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this.
Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2) You Own & Control EVERYTHING: With Amazon FBA, you don’t really own anything. Yes, you technically own the products before you send them into an Amazon warehouse, but that’s it.
You don’t own the sales platform, you don’t own a brand, and you don’t own the customers.
Not to mention, Amazon can literally shut you down at any time if they believe you’ve violated their constantly changing terms of service.
So you’re building a business that could be completely taken away from you in the blink of an eye.
With Digital Real Estate, you own the assets, which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) No Inventory: As mentioned above, spending 4-5 hours a day prepping and packing products to send to Amazon is a huge time commitment.
Plus, you constantly need to be buying new products if you want to maintain your business. You need to spend even more money if you want to scale up.
With physical products, you’ll always have limits on your time and freedom.
With Digital Real Estate, a 100% online business, you never have to worry about that.
5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit).
Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with Amazon FBA, you’d have to double your inventory OR your profit margins.
And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
6) Make Money Helping Real People: This part is what makes it all worth it. Amazon FBA is a decent way to make yourself money, but it doesn’t improve anyone else’s lives.
After all, there’s always someone else selling rubber spatulas and umbrellas. That might be fine in the short term, but in the long run you may feel like you’re missing a purpose.
With Digital Real Estate though, you’re actually helping people by solving your clients’ biggest problem…
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like Audible which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality.
At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.