Streaming music through Spotify is one of the most popular ways for people to discover, listen to and share music. With over 100 million active users, Spotify is an incredibly powerful tool for artists to make money. But how much money do you get when you hit 100k streams on Spotify?
The answer depends on a few factors such as what country you are in, what subscription plan you have and how much of the streaming revenue is being shared with other artists. Generally speaking, if you are in the US and have a premium subscription, then 100k streams on Spotify can earn an artist anywhere from $500 to $2000. If you are an independent artist or label, then these numbers can be even higher.
The amount of money you earn from streaming your music on Spotify largely depends on how much money is being shared with other artists. This means that the more successful the artist is, the more money they can make from their streams. For example, some of the top-streamed songs on Spotify will earn around $2 per thousand streams while some lesser-known tracks may only earn around $0.006 per thousand streams.
Spotify also has a program called “Spotify for Artists” which allows artists to directly track their streaming activity and get paid directly from the platform. This program is free to join and allows artists to easily track their streaming stats and see how much money they are making from each of their songs. You can also use this program to see which countries are driving the most revenue for your songs so you can focus your marketing efforts in those countries.
In addition to streaming revenue, there are also other ways that artists can make money from their music on Spotify such as through advertising and sponsorships or through licensing deals with labels or brands who want access to your music catalogue. These deals can be extremely lucrative for independent artists who don’t have access to traditional record labels but still want to monetize their music in a big way.
Overall, hitting 100k streams on Spotify is a great milestone for any artist and it’s possible to make good money off it depending on where your fans are located and what kind of subscription plans they have. With strategic marketing and good use of programs like “Spotify for Artists,” it’s possible for independent artists to really maximize their earnings potential from streaming services like Spotify.
Conclusion: Hitting 100k streams on Spotify can open up many opportunities for an artist – whether they’re signed with a record label or not – as it provides them with potential revenue sources such as advertising, sponsorships or licensing deals as well as direct payments from Spotify itself through its “Spotify For Artists” program. Ultimately, how much money any artist makes depends largely upon how much attention they’re able to attract through strategic marketing efforts as well as what kinds of subscription plans their fans have opted into in order maximize earnings potential from streaming services like Spotify