Audiobooks are quite a trend these days. I just read a newsletter on the subject put out by B&N.
It is revealing that they now have more than 300,000 audiobook titles on offer at a retail price of around $12.00. They see it as a huge new market for authors and they could be correct on this.
You can reach people who either don’t have the time or would prefer to fill those boring moments like when you are doing housework or the laundry, or are going on a road trip with the family.
How do you make an audiobook?
A popular audiobook creator is Findaway Voices who will offer a choice of narrator at a cost of $25.00 / 1000 words, so if your book is 75 000 words that would set you back $1900.00. (estimated). That’s quite hefty.
I always like to work out a good estimate of how many book sales it would take to recover my potential investment and in this case, it would amount to around 400 books at the current royalty rate. That is quite a lot in view of the other up-front costs in producing a physical or an e-book which also have to be recovered.
My new partners ePublishify offer a complete package (includes a physical book, an e-book and an audiobook) for only $650.00 (estimate). This amounts to a very good deal. You may also buy a promotion package for $350.00 and that should set you up properly.
These continuous changes are inevitable due to the times we live in, however, the gradual erosion of a reading culture is very sad. Treasured memories of reading to our kids or being stuck into a good book way past bedtime seem to have gone altogether. We have been reduced to tweets and sound bites and short video clips. We have lost a lot. Our grandchildren will grow up without the magic of Charles Dickens or even the illustrative genius of Arthur Rackham.