Welcome to Writing In Suburbia with Jake Bible! This week I go deep-ish into how ebooks are priced and how the general public thinks they are priced AND why most people do not have a clue about how ebook pricing impacts authors. There’s also that spooky commercial again! I’m gonna miss that commercial when Halloween season is over…
For me they can be my most profitable. Depends. The vast majority of my audiobooks are done with a Royalty Share agreement with the narrator, so I have no out of pocket expenses. But that means I split the royalties. With some of my audiobooks, I sold the rights to produce to Tantor Media. They spent a ton of money on narrators and covers, but the audiobooks haven't sold. So even though there's no money out of my pocket with those, I also won't see any royalties until the audiobooks pay out the advances.
In short: it's complicated, but I prefer selling audiobooks over print because they are actually priced fairly and can have a good profit margin depending on initial costs.
Hey Jake I’m curious how profitable audio books are, that’s the only way I consume books. Thanks
For me they can be my most profitable. Depends. The vast majority of my audiobooks are done with a Royalty Share agreement with the narrator, so I have no out of pocket expenses. But that means I split the royalties. With some of my audiobooks, I sold the rights to produce to Tantor Media. They spent a ton of money on narrators and covers, but the audiobooks haven't sold. So even though there's no money out of my pocket with those, I also won't see any royalties until the audiobooks pay out the advances.
In short: it's complicated, but I prefer selling audiobooks over print because they are actually priced fairly and can have a good profit margin depending on initial costs.