Last Edit: 3 April 2018
Spotify hits 70 million subscribers.
Here is the official tweet.
Hello 70 million subscribers 👏
— Spotify (@Spotify) January 4, 2018
Everybody likes music. At least majority of them does. But, at the same time, life is also getting busier than ever and there is no time for search different tracks, downloading them, sorting them into playlists, and then listen. Instead, everybody now prefers streaming their favorite music online to get an effortless user experience in the matter of couple of clicks. Smartphones and a high internet connectivity only compliment this trend.
This blog post will shed some light on the idea of creating your own music app like Pandora and Spotify with stages to pass, features to add, and factors to take into consideration, for the sake of developing a successful app like Spotify.
Before getting into subject, take a look how people enjoy music streaming services of easily accessible apps like Spotify.
Well, people globally shifting to their smartphones for fixing the daily life problems and spend 90% of this time in different mobile apps. Also, did we mention that Spotify just reached 50 million paying users?
Their service is currently available in 60 markets with a catalog of more than 30 million songs on off.
Furthermore, according to the latest report, “The Unicorn music streaming company, Spotify has filed for $1 billion IPO (Initial Public Offerings)”, The music streaming Goliath, Spotify has confirmed that it would be forging the traditional IPO (Initial Public Offerings) process in favor of direct listing.
However, from the start of the investor day, the music powered firm has announced that “On April 3rd, the company is going public using a direct listing, which is a method of flotation, which is a process of offering a company’s shares for sale for the first time. Moreover, this is a very first time when the firm is taking a reasonable approach to going public.
This online streaming service works differently from many other music services on net. In fact, its main aim is to make your listening time as seamless as possible. Moreover, the Spotify’s music is stored on various servers.
To enable your smooth experience, Spotify check your device’s cache first to make sure you didn’t listen to this sound and it’s already there. And more importantly, it enables users listening to all this music legally by paying royalties to authors.
Apart from this, Spotify also introduced a new feature for its users called Line-In, which let users suggest edits in metadata for any song or album by clicking on the three-dot menu icon next to any song, album, and select ‘suggest an edit’. It will then open up the Line-In website.
Once the Line-In website opens, users will be able to suggest edits to the metadata of that particular song, album. Though users won’t able to change the metadata using this feature, they can only make suggestions.
Once users have submitted the suggestions, Spotify will check those submissions to match up with other users’ data and also keep track of a user’s past performance. Spotify will also test its users to make sure they have enough knowledge about a particular genre. If a user starts to show odd results on any of these fronts, their suggested edits will go to the bottom of the list.
To get a closer insight at Spotify and other apps like Spotify, their business model can be broken into two main parts.
According to Spotify website, they collect revenue from advertising within free accounts and from premium subscription fees. Although, they claim to spend major amount of money to give rewards to artists.
This basically concludes how you can earn money with Spotify Clone.
But, still, where to start?
Before your music streaming app development, you must specify a whole concept of the app, find similar apps like Spotify, and of course think of something that will make your app special & one-of-a-kind.
Music industry has a truly big potential. Though, that’s not enough for running and spending every penny you have for your music streaming app. You need to study your target audience, what they like, how they prefer service like yours, make an important decision of the most effective way to hit them with your product. Later, make the adjustments according to your users’ preferences.
Now, it comes the time of the actual work, and choose a mobile app development company to build the app for you. There are lot of factors to consider for this task, in terms of how much does it cost to develop a music app like Spotify, and which is the best mobile app development company that have worked on Spotify like app idea, etc, etc.
Ask in your circle for references, communicate with several agencies, and arrange a meeting or conference call to discuss your app idea with development team and ask for their suggestions as well.
To put it all together, let us also mention that a huge privilege for stepping into music industry business is a significant gap of people, who are still holding onto the same old radio stations to enjoy music. And, just remember, make your app effortless and easy for your users in everything because that’s an absolute competitive advantage.
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