From what I've read on the web many of the pros record audio books using a "punch and roll" technique where they stop recording on mistakes, and then punch right back in recording over the mess up. I'm using Audacity to record and it doesn't have a way to listen to a few seconds of the track and then record over the bad line, but I've found a method that works surprisingly well for me. It maybe takes me a second longer than it does for them with their expensive recording software.
Last night I spent around two hours recording. There were some interuptions, but I got almost forty minutes of recorded audio. This audio, however, is only of the good takes. No bad lines can be found, not even a couple good versions of a line. If I mess up I stop and delete the bad line, then hit record and keep going. In some cases I'll still just keep recording until I nail the line, then stop recording, review, and edit out the bad ones right then and there. I really thought this would mess with my flow of narrating, but it hasn't whatsoever. I was already stopping to take sips of water, so stopping to do a quick delete and hit the record button is no big deal - especially since I'm using hotkeys. This is going to cut down on a ton of my production time for this audio book. I'm so excited to be doing this and I can't wait to see it out in the world on Audible, Amazon, and iTunes! Thanks for stopping by.