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“…there has been a seven year trend of double-digit revenue growth in audiobooks.”Amy Watson, Statista Writer, Oct 10, 2019 Report
What does this mean for self-published authors?
Despite its fluctuations, the audiobook industry shows no sign of slowing its growth. Authors of fiction and non-fiction should consider investing in this market. While not all books lend themselves to being audiobooks, if your book can be adapted to this end, you may find it a lucrative investment.
Why are audiobooks a rising trend?
As with most things involving money, there are a good number of questions and possible answers. One of the most plausible is simply time.
With ever-increasing demands for productivity, it’s tough to find time to sit down and read. But a 45 minute commute can become “time well-spent” if we learn how to live a minimalist lifestyle or lose ourselves in the drama of the French Revolution. With audiobooks, the reader isn’t being asked to give up any extra time whereas print and ebooks ask for exactly that. In today’s world, saving time is a definite plus!
How can I get started?
Opportunities abound for indie/small press publishers. I’ve had a good experience with ACX (an Amazon subsidiary). Alternatives include Author’s Republic (which also partners with Amazon and many other retailers) and Spoken Realms. Please note that I have only used ACX for my own production and therefore am not endorsing any of the others but am providing them for information purposes.
The bottom line
If you’re an author looking to grow your reach, consider audiobook publishing. The data indicate that the audiobook industry will remain a viable part of the market for future years and provides more convenience to the reader.
About JP Robinson
JP Robinson is a prolific award-winning author. He graduated from SUNY Stony Brook university at 19 with a Bachelor’s degree in English and another in French. He is currently wrapping up his Master’s of Education.
JP is a contributor to Guideposts, Focus on the Family’s Clubhouse, and the Salvation Army’s War Cry. His work has been praised by industry leaders such as Publishers Weekly and secured the #1 spot on Amazon’s historical thrillers category.