Spotify is one of the most popular streaming platforms in the world with over 320 million monthly active users. It is available in 79 countries and has a paid subscription of about 170 million users. Spotify also offers a free ad-supported service. In addition to music, Spotify also offers podcasts and video content.
Spotify is an excellent platform for both music lovers and music creators. If you’re a music lover, you can enjoy a huge catalog of songs and podcasts. If you’re a music creator, you can upload your music and reach a huge audience. And if you’re looking to make some money, you can do so by promoting your music on Spotify.
In this article, we’ll show you how to make money from Spotify in 2023. We’ll cover both the free and paid ways to do so. Let’s get started!
1. Promote Your Music on Spotify
If you have a following on social media, you can promote your music on Spotify. You can share your music on your platforms and encourage your fans to follow you on Spotify. You can also run ads on Spotify.
2. Earning Royalties
When you create music and add it to Spotify, you’re eligible to earn royalties every time someone streams your song.
The amount of money you can earn from royalties depends on a few different factors, such as how many streams your song gets and which country the song is being streamed in. However, it’s possible to earn a decent income from Spotify royalties if your music is popular enough.
3. Becoming an Affiliate
Spotify has a program called Spotify for Artists, which allows you to promote your music on the platform and earn a commission on every sale that you generate.
To become an affiliate, you first need to sign up for the Spotify for Artists program. Once you’re approved, you’ll be given a unique link that you can share with your fans. When someone clicks on your link and signs up for Spotify Premium, you’ll earn a commission.
4. Becoming a Partner
Spotify Partners are independent artists or labels who have direct access to Spotify’s promotional tools. This includes things like Spotify playlists and featured artist spots.
To become a Spotify Partner, you’ll need to submit an application and be approved by Spotify. Once you’re approved, you’ll be able to start promoting your music on the platform and earning money from it.
5. Selling Merchandise
By selling t-shirts, hats, and other merchandise, artists can directly profit from their music. And with the platform’s massive reach, there’s the potential to sell a lot of merchandise.
6. Become a Spotify Playlister
Spotify is always looking for new music. And they need people to help curate their music. If you’re a music lover, you can apply to be a Spotify playlister. You’ll get paid to listen to music and create playlists.
7. License Your Music to Spotify
If you own the rights to your music, you can license it to Spotify. This means that Spotify will pay you every time your song is played. Licensing your music is a great way to generate passive income!
If you’re looking for ways to make money from Spotify in 2023, there are a few options available to you. You can promote your music on Spotify and earn royalties, become an affiliate or partner, sell merchandise, become a Spotify playlister, or license your music to Spotify
Whatever route you decide to take, make sure you’re prepared to put in the work required to succeed. With a little effort, you can make a decent income from Spotify in 2023.
If you’re serious about promoting your music on Spotify, it’s important to have a well-thought-out strategy. At TN Global World Music Group, we can help you plan and execute your Spotify promotion strategy. We can pitch your music to Spotify curators, release your music on the platform, and provide tips on how to get your music added to popular Spotify playlists. Contact us today to learn more about our Spotify promotion services!