What are the multiple ways of getting monetized on Spotify?
Spotify has multiple ways of generating money, which is the leading potential platform to earn. This article provides an idea to get monetized and uncover related tips.
Spotify Playlist Curators
Earn while hearing songs! Being curators, earn money for reviewing newly launched songs by independent artists. But before that having a huge follower count and account visibility is imperative. There are many sites that pay for music reviews.
When you have more follower count and active listeners then the payment will be high accordingly. The leading and verified sites provide a ‘buy Spotify followers’ option which increases the organic traffic to gain more active listeners and account visibility.
Sell Merchandise
Selling merchandise is another great option to go with. Having your own merchandise is complicated with the process but generates a huge revenue.
Sell creative customized t-shirts, print on ceramic mugs, hand bands on their favourite name, hats, and many, which customers wish for a new album release to promote the songs. This may boost the account visibility and can earn as well.
You can also conduct polls to understand the audience preference that causes an abundant reach of visitors to the profile page. Preferring the audience choice never fails to give a hit. Plan the plot and work on it!
Conduct Campaigns for New Release
When you’re about to release a new song for an album, conducting pre-release campaign streams doubles up on the date of song release. Plan well accordingly, sell merchandise with exclusive song lyrics on t-shirts, mugs, headbands, and more that may go on-demand by the customers. When you earn an active audience, the sale on pre-release makes a good turn.
Let the pre-paid Spotify curators review the song on release day to gain more organic traffic due to the specific new song. Tell them to mention why the song is special and why one should need to hear it. The high account visibility may generate revenue and bring popularity to the album.
Advertisement Campaigns
Conducting ad campaigns on different platforms of social media brings a wide range of audiences to the account. Choose the best playlist of yours for ad purposes and promote targeting the ideal audience with similar music preferences.
Spotify creators can also generate money by showcasing their playlists on the music review sites that attract the website audience too!
Sell Concert Tickets
Spotify artists who are willing to conduct concerts can sell their entry tickets through ‘ticket selling sites’, which allows the listeners to buy tickets directly from the artist’s profile page. Artists can earn money by selling tickets as well as the account getting more visibility.
Give it a try – ‘Podcast’
Podcasting on Spotify is the best part of earning money in a simple passionate way. Once you reach a high follower count you can add ads, partnerships, and conduct campaigns.
On at least the first 100 followers, creators can activate podcast monetization but as creators you must have engaged and active listeners for the streaming. Podcasts are available in two ways – Audio Podcasts and Video Podcasts.
Fan Community pays you
When you are an artist with a high fan base, for the unique style of songs and popularity, the community pays you as a token of encouragement and love.
Subscriptions: The followers who have subscriptions pay monthly for exclusive behind-the-scenes (BTS), bonus episode content, extended versions of podcasts, and interesting tracks that are only available on paid playlists. The listeners who are interested in extra content can pay monthly; they are said to be the most active listeners.
Only on interest: There are options where listeners can pay creators to express their love for their tracks, not on a monthly basis.
For example: If an artist is streaming a live podcast, listeners can pay a certain amount of their wish to show interest and encouragement.
Conclusion
If you move on with a great idea with the audience’s preference, you can generate money and gain popularity. Analyze what the market is in need of, and plan according to it. Advertisements, Campaigns, Events, Collaborations, Selling Merchandise, Podcasting, and Subscriptions are the multiple ways of generating revenue on Spotify. Make use of it!
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