7. Produce an audiobook.
Just as the name suggests, audiobooks are voice recordings of text of a book that you get to listen to rather than read. Audiobooks can be exactly word-for-word versions of books or abridged versions. .Most public library systems offer audiobook downloads online and all you need is a library card.
You can use a platform like ACX to create and sell audiobooks on platforms like Audible and iTunes. If you have a wonderful idea for a non-fiction audiobook where you can teach a difficult skill like stock trading, foreign currency investing, accounting, online marketing or others, you can easily create a five-figure monthly income with the right volume of audiobooks.
Veteran or experienced narrators can expect to earn as much as $168.25 per hour or $1,346 for a finished audio book of eight hours. More so, non-union narrators with experience may earn between $90 and $250 per finished hour. However, it is much more typical for the ceiling to be $150 per hour for a non-union narrator.
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