When we talk about music streaming, one app that comes to mind is Spotify. Spotify is one app that enables you to get those favourite tunes from your favourite artist.
With more than 82 million songs, Spotify gives you access to popular labels, artists, and media platforms from all over the world.
Do you know that apart from gaining access to the best music across the world? you can also build a passive income online with Spotify.
Whether an artist or just someone who enjoys music, Spotify has a chance for you to make some extra cash. Here is a complete guide on how to make money on Spotify.
What Is Spotify?
Spotify is a digital music streaming service. It gives you instant access to its vast online library of music and podcasts, allowing you to listen to any content of your choice at any time. It is both legal and easy to use.
Why do I need a Spotify account?
Spotify will help you find millions of songs from a variety of genres, artists and podcasts. With its complex algorithm.
Spotify has the in-built potential to recommend music based on your listening history, as well as curated playlists and internet radio stations. Here are some reasons why you need to sign up on Spotify
1. Spotify is easy to use.
Just like using other social media platforms, all you need is an internet connection and your email address to start listening to music.
Plus, if you have a Facebook account, you can use it to create a Spotify account. Finally, once you have registered an account, you can create a playlist for different occasions.
On top of that, the application is straightforward to use, allowing users to get started with a few clicks or taps. If you want to use this platform
2. Spotify provides recommends songs based on your interest.
Most times, we want to listen to music based on our moods and interest. Based on various factors such as theme, mood, gender, and age, Spotify has curated more than 80 million tracks along with 4 billion playlists for its users.
With more than 400 Million+ active users, Spotify makes it easy for users to upload their tracks from their devices. That’s mostly why they add over 60,000 songs daily.
3. Spotify is available on multiple platforms.
One major reason why Spotify remains top when it comes to music distribution is the fact that it does not discriminate.
Whether you are an Android or an iOS user, you can easily download the Spotify application on your device. Not only this, but the Spotify application is also available on Microsoft Windows and Apple macOS computers.
But there’s more, you can access the Spotify app even from Linux, Open Pandora, Xbox, and PlayStation. This compatibility gives Spotify a competitive edge in the music industry.
4. Spotify gives access to the massive music library.
Spotify comes with both free and premium versions for its users. But irrespective of that, Spotify users get access to massive music libraries.
From songs to podcasts, users can surely find something they like. Also, there are around 3.2 million podcasts available on Spotify and many more are added each day.
5. Spotify allows artists to make money.
Music distribution remains an integral part when comes to revenue for artists and Spotify has not left that part untapped, just about any recording music artist can leverage the power of Spotify to distribute their music all over the world.
How do I make Money Online With Spotify?
Countless musicians have used Spotify to publish and monetize their work, gain recognition, and grow their audiences. Whether you sing, produce music, or play an instrument, Spotify remains an online platform that enables just anyone to make money online.
1. Become a music artist and distribute.
Are you a recording music artist? no matter what kind of genre you do, getting your music on Spotify is the first step towards making money if you’re an artist.
You can do this by working with a third-party music distribution platform such DistroKid, Amuse, or Tunecore.
Distributing your music gets it featured on the app’s browse section. When people follow these playlists, they’ll also be exposed to your music.
Spotify does not pay artists directly for their respective streams. Just as musicians use the service of a digital music distributor to publish their music on Spotify, payment is handled through the distributor.
A third-party music distribution company ensures that everything on the streaming platform meets its standards; including high-quality audio and optimal artwork for each release.
Spotify will transfer the revenue to your music distributor approximately 3-4 months after the streams have been completed.
I wrote a comprehensive guide on this blog on how you can become a successful music artist. Check out the link to the article to learn more.
2. Become a Music distribution company.
Music distribution used to be a purely physical industry. However, the internet vastly changed the music industry. People used to consume music on vinyl, CDs, tape cassettes, and other formats.
However, the arrival of the internet and the mp3 changed things dramatically and the business model switched to the internet.
Music distribution works reasonably simply. Distribution companies sign a deal with a record company or similar entity. These deals give them a right to sell the label’s music, with the distributor taking a cut of each sold unit.
Over the last few years, a new model emerged. Sites like Spotify and Pandora emerged to offer music fans a new way to consume music. These businesses were a welcome development for distributors and record labels because they allowed them to monetize their music again.
Anyone can decide to develop a music distribution business such as Tunecore, Distrokit and many others.
3. Curate a Playlist for Spotify.
Spotify-curated playlists are created and maintained by Spotify users. Anyone on Spotify can create a playlist and make money with it, while Some users will create them for their enjoyment or to share it with friends, family, or other fans.
SoundCampaign also offers the opportunity for music lovers to make money by becoming playlist curators on the platform.
SoundCampaign connects emerging artists to hundreds of curators that will listen to their new release, offer professional feedback, and finally offer the opportunity of having their music on their well-crafted playlists.
4. Publish your Podcast on Spotify.
Most times when people do not want to listen to rhymes, they choose to listen to inspiring words pre-recorded and distributed across the internet called Podcasts.
Podcasts are just as plentiful, so whether you love listening to true crime stories or tech discussions, there is something for everyone.
Spotify has a new program called Spotify Premium for Podcasters. This is a great way for podcasters to make money on the platform.
The program allows podcasters to offer their content exclusively to paying subscribers. This is an excellent way to monetize your podcast and earn some extra income.
To sign up for the program, simply create an account and submit your podcast. Once your podcast is approved, you’ll be able to start offering it to premium subscribers.
I wrote a comprehensive guide on how you can start a podcast and become successful. Check out the link to the article to learn more.
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