And yet vinyls sold last year was even higher than ever since 1991. So there are people out there who are willing to pay for other services than Spotify or going to a concert. How much do you know about music especially electronic music, honest question?
No I don't take any money from my friends for that service.
I know nothing about music. I'm just a 22 year old kid who wouldn't pay for music and most of my friends wouldn't either. I do have a couple of friends that are buying vinyls but I think that's mainly because they think it's cool, it's definitely not their main source for music. I also have a lot of friends that go to concerts frequently.
And really comparing vinyls to playlists is like comparing apples and oranges. Yea they both deal with music but vinyls are cool, hip, play music, and sound classic. Your playlists on the other hand? It's just a list of songs right? The only value I see is people wouldn't have to do it themselves. I think the value skew is low and so is the entry barrier. Anyone can make a playlist. Not anyone can create a vinyl that plays Led Zeppelin. People will pay $20 for a Led Zeppelin vinyl. They get a physical record with their favorite music that makes them seem hip and trendy. How much will they pay for your list of songs?
Nobody cares that you love music, listen to it all day, and think you have the best playlists. The market cares about what they want. The question is, do they want your playlists bad enough to not only pay you for them but also pay you enough to make a decent profit?
Whenever your friends ask you for your next playlist charge them $10 and see if they'll buy it. Do some simple market research. I'm betting they'll pass. But remember, I'm just one speck in the market of millions. Find out what the market thinks before you take my word on it.