Does Spotify make money?
On the other hand, Spotify does not earn an income directly from the sales that artists make through its platform, but rather charges $5 a month to build its store through an extra application, called Spotify for Artists.
According to the details of Shopify, which is the company that promotes these e-commerce efforts, by paying this fee, artists can publish up to 250 articles, although they will only be able to highlight three elements in their profiles within Spotify.
In the Spotify for Artists app, you can also track sales from Spotify and if an item is out of stock, it is automatically removed from the artist’s profile to avoid friction in the purchasing experience. .
The initiative is intended to help creators monetize their work through a product in which they make the majority of the profits and do not make the decision to go to other platforms.
Spotify also sells concert tickets
In August of last year, the Swedish company included the possibility of purchasing tickets for presentations, in addition to having the Live Events Feed function, where it links to its ticketing partners such as DICE, Ticketmaster, Eventbrite and others.