I’ll need to double-check, but I think for Kobo, I get a 45% royalty rate for audiobooks, which is 20% higher than Audible. (I get 80% for ebook off the top of my head)
I’m uncertain if you use the subscription service if it means I get 45% of the $10 as opposed to the actual price listed on the book (I’ll look into it), but that still makes the earning through Kobo audio subscription higher than Audible, even though Audible costs more per month.
So, if you’re in the US and looking to switch from Audible, please consider Kobo a valid alternate!
They pay authors better and also don’t demand exclusivity to pay the higher royalty rate, unlike Audible, which would pay me 45% royalties if I agreed to go Exclusive and not sell anywhere else at all for seven years.
At present I am locked into a seven year contract at 25% royalties with Audible because that’s what they demand for distribution. I can alter the files if necessary, but I can’t take them down. I also can’t set the book's price or control when it goes on sale.
I’m currently toying with the idea of not using Audible in the future again just because seeing the numbers in black and white is so bleakly depressing. By contrast, this morning, I’ve sold ten copies on Payhip at the minimum price and already out-earned what I earned from eighty sales on Audible. That is quite a difference; I’m sure you’ll agree.
Again, thank you to anyone who did buy through Audible; it’s still more money in my pocket than I would have had otherwise. You didn’t do anything wrong by using Audible.
I just wanted to show how little we actually make from sales via Amazon, and why using Amazon like a library is devastating for indie authors because I feel like people don't truly get it and think authors are crying into our big wads of cash.
We’re not: we’re starving on scraps while the most prominent retailer and, therefore, our best possible source of income because everyone uses it, eats our profits, and makes us pay for their “easy” refunds.
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