The Best Way To Make Money On Spotify
The Best Way To Make Money On Spotify
For millions of listeners, Spotify is the best platform for discovering new music. The average user listens to 41 unique artists per week, from Billboard 100 musicians to up-and-coming bands who released their albums at just the right time. That means that there are people who are earning millions of dollars each year, without worrying about the inherent challenges that most artists face when they try to make money on Spotify.
But what if you’re just getting started? How can you take advantage of the world’s most popular music streaming platform to make real money online?
Why Most Artists Fail To Make Money On Spotify
When Ed Sheeran, Ariana Grande, or The Weeknd releases new music on Spotify, they know that they are going to make a lot of money. Why? Because they have millions of Spotify followers, and listeners that go from other promotional channels to Spotify to stream their songs online. Their audience is fully engaged, and their music is going to get heard.
And in exchange for bringing millions of listeners to their platform, Spotify will pay the recording artist, producers, and contributors every time their songs are played. Sounds good, right?
But new artists usually have a limited fan base, and if they are fortunate, they may have a highly engaged group of friends, family members, and listeners from their communities. If the average Spotify royalty is between $0.003 and $0.005 per stream, they will be lucky if they make a dollar over the course of a year.
In an attempt to get more streams, most artists will try to grow their fan base through other digital marketing channels, promotional materials, new albums, or live performances. Others will turn to Spotify marketing agencies that guarantee streams – and use computer-generated bots to simulate the response of real listeners.
Unfortunately, none of those strategies address the real issue: Spotify will only pay you if you can get real people to listen to your music. And if you want thousands of users to listen to your songs in a short amount of time, you need to focus on the strategy that Spotify uses to promote new music in the first place.
How To Make Money From Spotify Playlists
Like many music streaming platforms, Spotify gives users the ability to choose playlists based on their musical preferences. That gives the playlist curators an enormous amount of power – they are the ones who decide which songs get approved and which ones get rejected, and ultimately, which artists get paid.
If you’re a new artist, you can use Spotify’s submission process to try to get noticed or reach out to independent curators directly. But you’re facing stiff competition: with 90% of all streams coming from approx. 43,000 registered artists, you’ll need more than a good photo and a catchy song to get their attention.
That’s why music marketing agencies like Playlist Streams are the best way to make money on Spotify – instead of using bots and fake data to try to game the system, we build lasting relationships with playlist curators. When we put your music on playlists with dedicated listeners, we can guarantee that you will get real streams, gain a larger audience, and get more Spotify royalties.
Are You Ready To Make Money On Spotify?
It doesn’t matter whether you’re a new artist or a label executive:
Playlist Streams can help you get more streams with organic marketing.
Apply now to start making money from Spotify playlists!
