Audible hopes to encourage authors to directly market their audio books by offering an honorarium of $1 per audio book sold payable directly to the author. This is for any of your books in the Audible catalog—self-published or commercially published—and is in addition to your regular royalties. Obviously, the more audio books you sell, the more money you can earn, so expect to see more audio books mentioned via social media and in blogs.
The program, called Audible Author Services, has set aside $20 million to pay to authors between now and December 31, 2012. Payments will be made quarterly, by check in U.S. Dollars. Authors from other countries, note that ETF and currency conversion are not yet available.
Audible is an Amazon company, but the honorarium will be paid on copies of your audio book sold through Amazon U.S., Amazon U.K. And iTunes.
If you already have an audio book available through Audible, it takes only a few minutes to sign up (you’ll need to share your Amazon account info and SSN to receive payments). When you join the program, you’ll receive a free audio download of your most recent audio book. If you don’t have an audio book but hold your audio rights, explore ACX, Audible’s site for matching authors and audio producers to create new audio books. For more information:
- Terms & Conditions: https://www.acx.com/author/help/tc
- FAQ: http://www.acx.com/author/help/faq
- Sign Up: http://www.acx.com/author/welcome