Creating an AudioBook Worth the Investment?

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mikeyboy_esq
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Creating an AudioBook Worth the Investment?

Postby mikeyboy_esq » Fri Sep 29, 2017 3:57 pm

Just found an interesting article on turning your book into an audiobook via ACX... https://www.thebookdesigner.com/2017/09/acx-university-audiobooks-hannah-wall-kate-tilton-interview/ After further research, I still think the cost to create an audiobook is steep and using ACX means the author won't take home a big chuck of royalties. I think I'll wait a while longer to see if the price comes down to create an audiobook.

What do you think about creating audiobooks? Good investment or not?
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plughmann
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Re: Creating an AudioBook Worth the Investment?

Postby plughmann » Fri Sep 29, 2017 4:32 pm

[quote="mikeyboy_esq"]Just found an interesting article on turning your book into an audiobook via CVX... https://www.thebookdesigner.com/2017/09/acx-university-audiobooks-hannah-wall-kate-tilton-interview/ After further research, I still think the cost to create an audiobook is steep and using CVX means the author won't take home a big chuck of royalties. I think I'll wait a while longer to see if the price comes down to create an audiobook.

What do you think about creating audiobooks? Good investment or not?[/quote]
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Bad investment for self publishers. Wastes time and money for little return. Better to promote your print book with those resources.
Okay for trad pubs with best seller novels with big markets for niche books that people will listen to in their cars.
The other big market segment is for the blind.

Audio books are a very small % of all sales. And they are a very small niche market which is mostly novels.
Exception is for the blind where they even do math textbooks on audio.

Audio books are typically are priced at 2x+ the hard cover price 7x+ the paperback price. That makes for a hard sale if it is not a best seller.
And there are no economies of scale for production in SP quantities. Digital may be changing that but B&N is still selling CD versions.

You can do a crappy one cheap. But if you want quality audio it will cost a lot.
amazon/ACX is trying to sucker audio people into doing books for commissions which are mostly non existent for the books they print.
Indie authors are never willing to pay the freight to do a good audio book, and most are cheapskates trying to get a commission sharing deal.
They are only attracting desperate pros from an industry decimated by digital as well as amateur wannabees. When they see no profit from their share of the revenue they quit wasting time on doing audio books. Big trad pubs already use pro studios and experienced VO speakers.

Check out the Audio Publisher Assn website.
https://www.audiopub.org/industry/about

some resources if you want to do it
https://www.audiopub.org/industry/getting-started

Mysteries, thrillers and suspense are the most popular genre followed closely by history,
biography and memoir and popular Fiction.

Just over 77% of audiobooks are fiction vs. 23% non-fiction.

General Inquiries
For questions about the industry please contact APA Headquarters, info@audiopub.org or 646-688-3044

Press Inquiries
Media inquiries, please contact Over the River Public Relations, info@otrpr.com or 201-503-1321

https://www.audiopub.org/uploads/pdf/APA-Research-2012-2016.pdf

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Dreaming Imrryr
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Re: Creating an AudioBook Worth the Investment?

Postby Dreaming Imrryr » Wed Nov 01, 2017 4:15 pm

Making audiobooks is worth it if you can earn your money back plus profit.


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