How can you make money with Spotify? This may sound too good to be true, but it really is possible! Not only the platform and artists make money with this social media platform, there are many other ways. In this blog, you will read, among other things, what opportunities you have to make money with Spotify and what the benefits are.
What is Spotify?
Spotify is a digital platform for music, podcasts and videos, giving you access to the content of users worldwide. Users can listen to songs and albums by their favorite music artists for free or be informed or entertained by the other types of content on the platform. All you need to do to use Spotify is create an account using your email address or log in with your Facebook account.
On this music streaming platform, you can create your own playlists, as well as choose from friends’ playlists or Spotify itself. There is also a paid version of Spotify called Spotify Premium. This paid version allows you to listen to your playlists without advertising between songs.
What are the benefits of making money with Spotify?
More and more artists and entrepreneurs are turning to Spotify to make a nice penny on the side. Among the benefits of this popular platform are the following:
- It is possible to make money passively: you only have to put music or playlists on it once, but you can make money from it years later.
- It is a very popular streaming service: with some 433 million users worldwide, there must be someone with your music taste among them.
- The platform is not yet saturated: there is still plenty of room for people who want to earn extra income through Spotify.
- The number of users continues to grow: the platform remains innovative and popular.
The opportunities to make money with Spotify
There are several ways to make money with Spotify. For example, as an artist, you can release your songs on the platform, earn money with a Spotify playlist and start your own podcast. In the paragraphs below, we’ll go over 5 ways to make money with Spotify one by one.
Making money on Spotify as an artist
The most obvious method of making money on Spotify is as an artist. Do you enjoy making your own music, prefer to spend day and night in the studio and take pride in the songs you create? Then you can choose to upload your songs on Spotify and share them with the rest of the world.
As an artist, what you want most is for your music to be listened to and appreciated everywhere, but how cool would it be if you also made money from it! As soon as you share on your songs on Spotify, you get a contribution from the platform in return. According to various sources, this amounts to about €0.004 per stream.
So to make money as an artist on Spotify, you do need some notoriety first. The more famous you are, the more streams your songs get and the more Spotify pays you. In the beginning, it can be difficult to promote your own music. We recommend that you create an account on different types of social media platforms and get out there as much as you can.
A good platform to start with as an artist is TikTok, here you can quickly go viral on it and put a link to your Spotify account in your bio.
Make money Spotify PlaylistPush
One of the easiest ways to make money with Spotify without having musical talent is by creating Spotify playlists. By creating your own playlists with the best hits that others like to listen to, you can earn money.
This revenue model works as follows; Spotify partners with the platform Playlistpush.com. On this platform, you can register yourself as a curator if you have more than 400 followers on Spotify. This means that you will have had to make quite a few good playlists before you can subscribe yourself.
After you sign up, PlaylistPush watches for a month to see how often your followers play your playlists. The more often this is, the more money you will be offered by the platform to review songs for them. Yes you read that right, you are invited by the platform to review new songs within your group (hard rock, spiritual, jazz) in the hope that you will add the song to your playlist. With about 400 followers, you should count on €1.25 per song, but this can go up to €15.
Tips for more followers on your Spotify playlist
Are you just not managing to get more followers and sign up for PlaylistPush? Then apply these tips:
- Use social media smartly and create different pages for your playlists. Share here news and quotes from the artists in your list, festivals that match listeners’ music tastes and music videos.
- Consider joining the Spotify community and submit your playlist to the Spotify Playlist Exchange.
- Make sure only quality songs end up in your playlists.
- Rate other curators’ playlists and rise in fame and popularity.
- Contact the artists on your playlist directly, they may want to share your list on social media.
If these tips also fail, or you don’t feel like putting effort into this, you can also choose to buy followers through Likes-kopen. By sending Spotify followers to your playlist, you ensure that your playlist comes to the attention of others better and faster.
Making money by approaching musicians
The second way to make money with your Spotify playlist is to sell placements directly to artists and labels. For this, of course, you will have to have good statistics (followers and listeners), otherwise no one will want to get a spot on your playlist.
To approach artists and labels themselves for a spot, you can send them a business email, including the offer. Clearly state the price, agreements and current results of your playlist. Additionally, you can put your business email in your playlist bio so artists can contact you.
Make money Spotify playlist sales
The last way to make money with your Spotify playlist is to sell it. You do this by ensuring that the playlist grows in followers and listeners, thus increasing the value of the playlist. Then you sell it to someone who will gladly take the list from you. With this method, the number of followers is especially important, and can earn you a nice one-time fee.
It is important to note, however, that reselling Spotify playlists is against the platform’s guidelines. So this is not something you can arrange through them yourself.
Making money on Spotify with a podcast
These days, podcasts are unmissable on Spotify. A podcast is simply nothing but an audio file, which can be compared to a radio program. Currently, there are already many different types of podcasts to choose from. So you have podcasts that deal with student life, tell obscure stories, address relevant news issues, give you updates on Formula One or discuss new music. But the most popular podcasts right now address juicy gossip and deal with building a passive income. As you read, there is a podcast for everyone!
When you decide to post your podcast on Spotify, you should certainly not count yourself rich right away. The amount is around about €0.007 per stream. So again, it is important to create as many followers and awareness as possible.
On the other hand, there are other ways to make money with your podcast on Spotify. For example, you can partner with a sponsor, talking about a particular product for x number of minutes. Or you can start your own courses, coaching or merchandise line.
This is how to get your Spotify podcast higher in the rankings:
- Pay attention to the name of your podcast: it should be easily findable in search results.
- Use keyword research: this will give you new ideas and is good for SEO.
- Get good reviews and ratings: this will make the algorithm push you more often.
- Measuring is knowing: see what topics were most listened to by your competitor and yourself.
In addition to putting your recorded podcast on Spotify, consider creating a YouTube account. This is where you then post the podcast as well, but with visuals. This gives you an additional source of income and attracts more people to your Spotify.
These were 5 ideas you can use to make money with Spotify. Will you go with this earning model, or will you choose one of the other online earning models? Click here when you want to know more about making money with Spotify!