OnlyFans is no doubt the trailblazer in content subscription platforms. It is planning to raise more funds to strengthen its business operations. The London-based startup has a market valuation of more than $1 billion.
What is OnlyFans planning for the future?
- It aims to become a mainstream digital media — platform. Athletes, celebrities, and rappers can directly connect with their fans and followers. They will post exclusive updates (photos and videos).
- It earns a bulk of revenue from — commission (20%), monthly subscription plans paid by users, and transaction processing fees. Importantly, the OnlyFans platform is targeting to earn more revenue from advertisements (brand stories, sponsored posts and promotional content).
What are some must-know stats about the OnlyFans phenomenon?
- It pocketed a mind-boggling $2 billion — in content subscriptions last year. This includes $400 million as commission representing 20% of the earnings of content creators.
- OnlyFans has a vast user base of 130 million — artists, chefs, content developers, fitness trainers, models, music composers, singers, and sportspersons. The British platform is rapidly growing at more than 100% in 2021.
- The OnlyFans content subscription platform has paid — more than $3 billion to 1.25 million creators so far since its launch in September 2016. 300 content creators earn at least $1 million from the online platform.
- It earned 53 million pounds ($74 million) in pre-tax profits — from November 2019 to November 2020. OnlyFans is targeting a bigger pre-tax profit of 300 million pounds ($417 million) in 2021.
Why choose the customized OnlyFans Clone?
Entrepreneurs need not spend a huge amount of resources for building a state-of-the-art content subscription platform like OnlyFans. They can get a budget-friendly and tailor-made OnlyFans clone made by a competent app development company. It contains a modern Content Management System (CMS) and several online payment gateways.
The white-label OnlyFans clone script can be launched in the market quickly leading to greater competitive advantage. Moreover, it follows all the guidelines and rules of the Digital Millennium Copyright Act (DMCA), 1998 and the General Data Protection Regulation (GDPR), 2016. This ensures a high level of confidentiality and trust for content creators.
Wrapping Up
OnlyFans is a strong example of the Pay-to-View business model. It has converted content like images and videos into cash effectively. The online platform will focus on enhancing its position as the number one content subscription platform in the world.
Hence, entrepreneurs can take control of the digital world by building a ready-made OnlyFans clone platform in partnership with a reputed app development company.
OnlyFans has unearthed a new set of millionaires in the world.
Celebrities, models, and stars are pocketing hefty revenue from the popular content subscription platform.
They post their exclusive photos and images to their beloved fans and followers across the globe.Entrepreneurs aiming to dominate the digital media world can initiate customized OnlyFans clone app development by hiring a reputed app development company.
A modern content management system manages all the content efficiently and an advanced admin dashboard helps to control the day-to-day business operations efficiently.Understanding the functional aspects of the outstanding OnlyFans clone app?Content creators register — on the online platform.
The admin approves their profiles after verifying their background and data.They upload their images and videos — on their page by setting it either as Free or Paid.Users create an account — on an app like OnlyFans by paying the monthly subscription plan.
The admin onboards them after checking their submitted information.Stars and models earn extra income — from the OnlyFans clone app through live streaming of content and Pay-Per-View messaging.All the content is safeguarded — on the online platform by following the guidelines and rules of the Digital Millennium Copyright Right (DMCA) and the General Data Protection Regulation (GDPR).It also contains features like — instant sharing of notifications, a live Content Feed, a Poll sharing option, a private chatting facility, and provision of 24x7 technical support.Content creators can withdraw their income — either daily, weekly, or monthly from an app like OnlyFans.
Among a plethora of social media apps, OnlyFans is one of the most popular subscription-based social networking apps.
Noticing its trend in recent years has made newbie entrepreneurs to launch an OnlyFans Clone.
If you have decided to enter the social media sector with a content subscription service app, this blog will guide you through choosing which approach to proceed with.
Two different ways to build a content subscription app like OnlyFans OnlyFans Clone app development from scratchThe conventional way to build an app like OnlyFans is to start from scratch, and it takes nearly 6 to 8 months.
As the time required for development prolongs, the cost for the same will elevate significantly.
Its customizability and scalability elements will make your app modifiable based on your business requirements.
Subscription-based social media apps are gaining popularity in recent years.
Onlyfans Clone Script is one such app that works in a social network-based format, which makes it more user-friendly for its users.
It's worth noting that the app is used by A-list celebrities, bloggers, influencers, and not just adult workers!
The app's unique feature is that there are no censor restrictions in the app.OnlyFans has paid out approximately $600 million to the creators since its launch in 2016.
Creators can charge their audience a monthly subscription to access their content.
So by investing in developing a similar app like OnlyFans, you have a good chance of making more profits in the shortest time.
One of the businesses that bloom in the market is contenting.
Especially in the social media spectrum, content-based revenue streaming opportunities are highly lucrative.
An app like OnlyFans facilitates the users to mint money for the content they produce.
Similarly, an entrepreneur investing in developing OnlyFans like the Adult Fanclub subscription app is potential enough to track revenue and users.
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