Spotify playlists have revolutionized the music industry, providing a platform for music lovers to curate and share their favorite artists’ music. However, you may be wondering, “Can you make money from Spotify playlists?” The good news is, the answer is a resounding YES! There are several legit ways to generate passive income through your curated playlists, and we’re here to break them down.
The first thing to understand is the concept of ‘Spotify streams.’ Every time a new song is played on Spotify, the rights holders earn a royalty. This stream rate varies, but it can add up if a song is played enough times. As a playlist owner, you can capitalize on these music streams to make extra money. So, how do you get started?
Kickstart your journey by creating a Spotify account, if you haven’t done so already. This can be easily accomplished either on Spotify’s website or through its app, available on both iOS and Android devices.
After you’ve logged in successfully, go to the “Library” button and then select “Playlists”. You’ll see a button that says “Create Playlist”. Click on it and you’ll be asked to give a name to your new playlist.
Next up, the exciting part: populating your playlist with songs. Seek out songs by their title, artist, or album. When you stumble upon a song you wish to include, select the “…” icon adjacent to the song, then opt for “Add to Playlist” and pick your playlist.
During your playlist curation, think about establishing a specific theme or mood to set it apart. This could range widely, from “popular hits” to “Relaxing classic Tunes”
Building a following is crucial if you want to make money from your playlist. Start by sharing your playlist on your social media platforms and encourage your friends to listen and share. You could also collaborate with other playlist curators to share each other’s playlists, or reach out to independent artists and offer to feature their music on your playlist.
Keep your playlist fresh and engaging by regularly updating it with new music. This not only keeps your current followers engaged, but it also attracts new ones. Remember, the more followers your playlist has, the more attractive it becomes for song placements.
Once you have a substantial following, you can start thinking about monetization. This could be through platforms like Playlist Push, where you get paid for reviewing songs, or through affiliate marketing, where you get paid for promoting products or services.
Remember, building a successful Spotify playlist takes time and effort. You need to be passionate about the music you’re sharing and patient as your playlist grows in popularity. But with persistence and dedication, you can turn your love for music into a profitable venture.
Platforms such as Playlist Push serve as a bridge between independent artists and playlist curators. As a playlist curator, reviewing songs and determining their fit for your playlist can be a source of income. This approach not only allows you to discover new music but also provides a means to generate earnings.
Organizations such as CD Baby and Ditto Music provide independent songwriters and music producers with the means to share their songs on streaming platforms, including Spotify. Holding the rights to a song grants you eligibility to receive mechanical royalties each time your song garners a play. If your song attracts a significant number of plays, this could potentially morph into a noteworthy source of passive income.
Opting for Spotify Premium membership paves the way for another potential income source. Incorporate affiliate links into your playlist description or artist profile, pointing towards your online store or products you advocate. Whenever a user follows the link and completes a purchase, you receive a commission. This method stands as one of the primary ways numerous individuals generate income from their Spotify playlists.
A master use royalty is a fee that goes to the owner of a recorded song (known as the “master”) each time it’s played. If you, as a music curator, hold the master rights to a song in your playlist, you’ll pocket a master use royalty with each play of the song. While this can be a complicated facet of the music industry, it could turn out to be a profitable venture if your popular playlists feature songs to which you hold rights.
Partnering with fellow music curators, artists, and industry professionals can also pave the way to earning opportunities. You might consider charging for featuring songs on your playlists, or even use your playlists as a networking hub for potential gigs, collaborations, and partnerships.
As an artist on Spotify, having your music featured on popular playlists can significantly increase your number of streams, leading to more revenue. Spotify Artists is an excellent tool for tracking your music’s performance and understanding your listeners better.
When your playlist garners a considerable following, you might catch the attention of brands looking to incorporate their sponsored songs or advertise their products. This method of promotion, already prevalent across various social media platforms, has made its way into the realm of Spotify playlists too.
With Spotify’s new feature, the ‘Artist Fundraising Pick’, listeners can directly fund their favorite artists or causes. If you’re a playlist curator, this feature gives you the chance to receive tips from your followers, a concept that’s especially popular for curated playlists that highlight independent artists or unique music genres.
Spotify rolled out the “Artist Fundraising Pick” as a reaction to the financial hardships that the COVID-19 pandemic imposed on many artists. This tool allows artists to kickstart fundraising directly from their Spotify profile pages. Let’s take a closer look at how it works:
An artist logs into Spotify for Artists, which is Spotify’s platform for artists to manage their profiles and track their music’s performance.
2. On the dashboard, there’s a banner where artists can get started with the fundraising feature. Clicking on this banner will lead them to a page where they can choose where they want to direct their fans.
3. Artists can pick a fundraising destination. They can choose to fundraise for themselves, for their crew, or for a selection of charities participating in Spotify’s COVID-19 Music Relief project.
4. After the artist selects a fundraising destination, they can submit their choice. Spotify reviews it to ensure it meets their guidelines and then adds a new fundraising link to the artist’s profile.
Once you set up the Artist Fundraising Pick, fans visiting the artist’s Spotify profile will spot a heart-shaped icon next to the fundraising destination. A single click on this icon lets them chip in for the fundraising cause. Donation transactions occur through third-party payment platforms like Cash App, GoFundMe, and PayPal, and Spotify doesn’t take a cut from the raised funds.
The Artist Fundraising Pick feature adds to the ways Spotify shows its dedication to assisting artists in building robust connections with their fans and racking up extra income. Independent artists and those heavily hit by event cancellations and other COVID-19 pandemic effects find this feature particularly beneficial.
In addition to Spotify, there are several other streaming platforms like Apple Music, Tidal, and YouTube Music. Each platform has its own monetization opportunities. For instance, you can create an online store selling merchandise or physical copies of your favorite albums. This could be another source of income, especially if you have a dedicated follower base.
Are you ready to transition from a music lover to a Spotify playlist curator? Start today by creating your unique Spotify playlist. Explore different genres, discover independent artists, and most importantly, share your love for music with the world. You never know, your playlist could be the next big hit on Spotify, catapulting your favorite artists to stardom and turning your passion for music into a profitable venture.
Remember, every great journey starts with a single step, and in this case, that first step is as simple as curating your first song. Don’t wait, create!