Why the Audiobook market is about to explode
There’s a hot new hot online business opportunity for Internet entrepreneurs: Audiobooks.
The audiobook market is about to go through the roof.
In 2004, the off-the-shelf audiobook industry (i.e. cassettes and CDs) was $800 million strong (Source: Audio Publishers’ Association). By the end of 2005, industry estimates reported that audiobooks had become a $2 billion industry. That means it grew by 150% in just 1 year!