Well, it’s simple to record an audiobook you need at least 3 people. The Sound engineer, The producer, and the Narrator. An average length of the audiobook takes about 10 hours. I a rate of Rs 1200 to Rs 1500 is ideal as a package to pay the team of three, this can be shared evenly after the book has been delivered. If recording in regional languages then make sure all your translated e-books are selling online, the regional narrator must have the translated work with him to read from.
Translations in regional languages are 0.50 paisa per word and the covers must be in the regional language as well. In regional languages, the same costs are involved but here the narrators are narrators in the local vernacular. That is the same rate for freelance write up one gets written for my blog.
After you have paid for the content production, amazon.com will give you a royalty on this KDP gives 35% on the list price for books priced below $2.99 and 70% royalty for books priced in the $2.99 to $ 9.99 range. Audible also has two deals in the exclusive deal you get 40% royalty on the sale price and 25% for a nonexclusive deal, remember your books are also sold on I tunes through the audible exclusive deal.
Keep running free book promotions and now audible has launched Hindi audio book’s section also. Through the audible sun app, Indian listeners can get access to over 2 lakh titles for free to listen too. If the sale of your book results in a new customer accusation you get rewarded with bonus money for that.
The book reviewers also get paid a rate of Rs 500 per book review at that is required as a marketing effort, all my books have been reviewed by professional book bloggers. For audiobooks, you need professional audiobook reviewers.
Now the game is about pricing each book and tracking its sales figures to keep tweaking the price and run varied promotions through the sales dashboards. Do heavy promotions through your blog and social media, even run referral campaigns or send links to your audiobook through your email list and mail chimp contact emails. Keep monitoring and keep churning out new primary content in the form of e-books, look at. Rate of at least 2 ebook launches every moth, keep it coming, that is the only way to make some kind of money in this business. I have earned a revenue of Rs 23,000 so far in one year by selling my ebooks and paperback copies and that is the first year of being a sold author.