![]() ![]() Understanding what affects your yearly salary is important, regardless of whether you just want a side hustle that’ll pay the bills or you hope to someday be among the nation’s highest paid audiobook narrators. While you do have control over your rates as a freelance audiobook narrator, the amount of money you’re able to put away each month (and how many hours you need to put in to get that money) really depends on a few key factors. This type of contract is referred to as Royalty Share Plus (RS+ or RSP) by the Audiobook Creation Exchange (ACX), one of the leading platforms offering audiobook narration jobs. With hybrid contracts, you get paid a set amount once you finish recording an audiobook plus royalties from the book’s sales. In addition to standard PFH and royalty share contracts, you can also negotiate a hybrid agreement that’s the best of both worlds. While these types of jobs are generally the easiest to get when you’re just starting out, when done well (and with a bit of luck), they can be a solid source of passive income. For example, a typical royalty share contract may promise the narrator 50% of the profits that an audiobook makes from sales and distribution.Ī common misunderstanding is that royalty share projects are the same as free or pro bono work. The payment amount is a set percentage of the sales profits. ![]() In these cases, payment is deferred-instead of getting paid immediately after recording an audiobook, the narrator gets paid later once the audiobook starts generating revenue from sales. Royalty share (RS)Īudiobook narrators are sometimes paid in royalty shares. For the audiobook narrator, it’s a guarantee that you’ll get paid a certain amount. Some authors prefer paying a flat rate because it makes budgeting a lot easier. Unlike the case with other compensation arrangements, the payment amount doesn’t depend on how long the audio is or how long the narrator spends in their studio. In these cases, the audiobook narrator receives a one-time payment of an agreed-upon amount. Some authors and narrators negotiate a flat rate before starting the process of recording an audiobook. These gigs don’t include any extra time you spend doing research or postproduction tasks like audio editing or mastering. Some jobs are advertised as “narration time only,” which means you’re paid only for the time you spend reading the audiobook. If it took you 3 hours to finish, then you earned $100 per working hour. ![]() ![]() You’ll be paid $300, regardless of how long it took you to produce that recording. Here’s how that breaks down: Say your rate is $300 per finished hour, and you record 1 hour of audio. Once you complete an audio recording, the client calculates your earnings by multiplying your base rate by the length of the final audio. In most cases, audiobook reader salaries are calculated per finished hour (PFH). We’ll give a breakdown of common pricing schemes and what you can expect from working as a paid audiobook narrator. Instead, payment amounts are usually based on the size and complexity of the project. Secondly, most don’t get paid hourly or even monthly. If you’re considering starting a career as an audiobook narrator, it’s important that you understand the audiobook income process and some of the fundamental differences that separate audiobook narration from other types of work.įirst of all, virtually all audiobook narrators work on a freelance basis as independent contractors. ![]()
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