Some interesting facts about the audiobook business

Here are some facts about the audiobook market that really get you thinking…

  • Audiobooks are the fastest growing sector of the publishing industry.
  • There is currently a shortage of audiobooks worldwide as publishers race to meet demand.
  • Only 0.75% (not even 1%!) of Amazon’s book catalog has so far been converted to audio.
  • Last year more than $1 BILLION worth of audiobooks were sold in the US alone.
  • Audible.com, a site that only sells audiobooks, gets over 350,000 visitors every day or about 2,500,000 people a week.
  • iTunes has more than 200,000,000 registered users and is selling over 1 Billion audio files every month.
  • Selling your book as an audiobook means that it can be instantly down loaded to any one of the Billions of iPods, MP3 players or mobile phones around the world.

Audiobooks offer some very exciting opportunities for authors – make sure you take advantage of it!

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