- Work "After" Work
- 🧹 How to make money "cleaning up" data
🧹 How to make money "cleaning up" data
how i'd start this million-dollar business from scratch
GM. This is Work "After" Work, the business newsletter that gets better with every sip, no sugar needed.
Here's how we're starting the week:
🧑💻 Social Blade for Spotify
😂 Meme of the day
SOCIAL BLADE FOR SPOTIFY
For YouTubers, it's common to go on Social Blade to see:
how fast other YouTubers are growing (this tells me what’s working)
how much YouTubers are potentially making
how they rank compared to other creators on the platform
The site also provides useful charts like these:
What you probably didn’t know about Social Blade is that they make $12 million a year. Did you just spit out your coffee? Cause same.
I was shocked when I saw this number, so I did some digging.
Social Blade makes its revenue from 2 main streams:
#1 Advertisements on the site - it got over 15M visits last month. Advertisers pay to be seen.
#2 Subscriptions - Social Blade offers some free analytics, but to see more in-depth data you have to upgrade through their subscription stack.
The highest subscription gives you access to all their data and costs $1,000 a year. For a full-time YouTuber, this is well worth the investment.
Here are their subscription prices:
Bronze: $3.99 per month, $3.34 per month (billed annually)
Silver: $9.99 per month, $8.34 per month (billed annually)
Gold: $39.99 per month, $33.34 per month (billed annually)
Platinum: $99.99 per month, $83.34 per month (billed annually)
Social Blade does offer a few other things like YouTube consultations to grow your channel and custom reports (most likely for advertisers) but these are smaller income streams.
And they do all this with just 5 employees (and probably some side contractors that aren’t listed).
They cover a ton of platforms:
The one platform they don’t cover? Spotify. And trust me, I’ve checked. There’s no dominant website offering this.
There’s chartmetric.com but it costs money and is more geared toward companies, not consumers.
Or there’s kworb.net, which was the first site to pop up when I searched “Justin Bieber Spotify streams over the past 5 years”. It’s extremely ugly but averages 3M monthly visits a month. Meaning, they’re making money.
How? SEO (I’ll get into that in a bit)
Just look at this thing 🤮
Doing something similar can become a six-figure business relatively quickly.
Who are Social Blade’s customers?
Mostly platform competitors (other YouTubers), and social media/advertising departments for companies that track artist growth and engagement.
How does Social Blade get this data and how can you too?
The short answer is APIs.
Social Blade uses YouTube’s public API. This acts as a gateway for you to access and read all the data that YouTube allows you to.
From there, Social Blade has all the data. Then they make it user-friendly so users can search by artist and see their growth over the past year.
Just like this.
Here’s my YouTube channel for example:
Lucky for you, the same can be done with artists as Spotify also has a public API that lets you retrieve information about tracks, albums, artists, and playlists.
From there, you can start to put your spin on it, just like Social Blade does with guesstimating YouTuber earnings.
This business model is great for 3 reasons:
#1 It’s taking free data that’s messy and cleaning it so end users can draw insightful analytics - my favorite business model
#2 You have a company to “copy” - put your spin on it of course but you can reverse engineer everything Social Blade has done
#3 Spotify is set to grow to 1 billion users by 2030 - these analytics are only going to become more valuable
Now how would I go about starting this with no engineering background?
I’d call up my engineering friends. Tell them my idea and ask them to help.
You’ll be in charge of the other heavy lifting - getting people to the site.
There will be two main ways to do this:
#1 SEO (Search Engine Optimization)
Whenever someone types in “YouTube channel analytics” guess what site pops up first? You guessed it - Social Blade.
You want the same thing happening when people search “Spotify channel analytics” or “How many streams has Justin Beiber’s song ‘Baby’ done in the past 5 years?”
To do this make sure whatever keywords people are searching for are also on your site and in your metadata (aka the data search engines like Google read)
#2 Reach out to smaller artists to get them to use your site
Smaller artists are well… small and more likely to respond. Ask them for feedback on the site, get their opinions of how it could be better for them, add those features, and keep reaching out.
Pretty soon you’ll have a rolodex of artist contact information that you can reach back out to when the time is right to officially launch. If you’re providing value for them, a simple free subscription could mean a shoutout for your site!
You could also:
Use paid ads - target music lovers and artists
Invest in influencer marketing - target smaller creators that have niche but loyal music audiences
Do some marketing of your own - make videos on how to use the site, send out emails to all your music contacts about the features your site offers, etc
This will take time to grow but as I’ve shown, these two friends have figured it out creating Songstats and are doing $1M a year!
It’s still early days for music analytics. Start now and ride the wave for the millions of users set to come into the space!
Have you always wanted to start investing in real estate, but don't have $100k lying around? Don’t worry you’re not alone…
I recently came across this company called “Arrived” - they allow you to invest in real estate for a fraction of the cost. (Think $100 and you can own real estate!)
They do all the work on finding profitable properties
They deal with all the maintenance, upkeep, cleaning, etc.
They deal with all the legal side of it
All you have to do is buy shares of a home… kind of like a stock. And every quarter they’ll pay you on your investment!
It’s a great way to get exposure to real estate without having to put a lot of money down.
Even if you’re not ready right now at least subscribe to their emails that way you can see potential deals that become available! (It’s completely free)
MEME OF THE DAY
If you haven’t seen the news, Sam Altman was fired by OpenAI’s Board (the company that created ChatGPT) because he wasn’t being “consistently candid in his communications”.
Now, apparently they want him back and Twitter is having a field day 😂😂
OpenAI’s board texting Sam today
— gaut (@0xgaut)
Nov 19, 2023
The OpenAI board sent Sam a playlist on Spotify this evening leading up to these discussions:
— Chris Bakke (@ChrisJBakke)
Nov 19, 2023
That's all I got for ya today folks!
What'd you think of today's newsletter?
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.