In 2021, audiobooks represented 10.5% of the overall book market. While that may seem like a small number, that 10.5% equates to 1.3 billion dollars in annual revenue. Those numbers are only expected to grow by an average annual growth rate of 26.4% a year through 2030.
That’s why if you are a self-published author, or a smaller publishing house, you really need to consider making your catalog available in audio format. While the audiobook format is nothing new, advances in technology and the internet have made audiobooks less burdensome, cumbersome, and expensive. Now consumers can download digital media files directly into their phone or tablet and carry their entire library of audio books in the palm of their hand.
Many readers have switched from the written format to the audio format when it comes to their libraries because of the convenience it offers, physical reasons like eyesight difficulties, or audio books fit better into their lifestyle than other formats.
Why wouldn’t you want to take advantage of a sector of the market that could represent up to 30% of the overall book market in the near future? It is almost becoming a requirement for successful authors to offer their books in audiobook format
Many authors and small publishing houses cite costs as the biggest reason for not having made the investment into audiobooks. While it is true that many of the biggest audiobook production companies can charge up to $400 an hour or take up to 50% of the royalties, it no longer has to be that way.
Audiobooks Productions has teamed with a wide range of both male and female narrators, talented producers, all of which have interests in multiple subject matter to create a new efficient process to produce your audiobook. This process allows us to produce your audiobook in a time frame that’s not drawn out and full of delays. This process also keeps the author, or publisher, or both fully involved in the entire process, allowing getting feedback from you the customer throughout the process.
Would you like to learn more about Audiobooks Productions and how our process works? Contact us today!