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.