For over 3 years we were very happy with our KDP earnings and this was our sole and only focus.
We knew that you were able to convert your book on Amazon into and audiobook to sell on Audible but it's fair to say we underestimated the earning potential on Audible.
We had converted a few of our books and this was bringing us in between $250-$400 per month of passive income.
At the time, while this was still a great chunk of additional income, we thought our efforts would be better off focusing solely on our physical books on Amazon.
It wasn't until a friend of ours had mentioned to us that he was only focusing on audiobooks and was making between $9,000-$10,000 per month that we decided maybe it would be a worth looking into Audible audiobooks more seriously in addition to maintaining our KDP business.
Since we started focusing more intently on audiobooks, we have increased our Audible earnings from a low of $250 per month, to now earning consistent $3,000-$5000 months.
And realizing the insane earning potential that Audible also offered made it clear how unique this dual business model truly is.
1 digital manuscript can provide 2 very substantial sources of income - no other online business can compete with this.
However, the most exciting part about Audible is that NO-ONE (and we mean NO-ONE!) is talking about it or really knows that you can publish audiobooks, that you don't even have to write or narrate yourself, as a way to make money.
Even among self-publishers on Amazon, the majority are not converting their books into audiobooks and this means.........
The competition on Audible is SUPER LOW - even lower than Amazon KDP!