Content creators are getting more value now. Wonder how? Performing artists across the world are posting photos and videos on OnlyFans. Netizens can pay monthly subscription plans and watch engaging content without any intermediaries. Besides that, the British based platform is helping in hassle-free monetization. Entrepreneurs can also set the Internet ablaze by launching an OnlyFans clone.
How did OnlyFans become a tech giant within just 5 years?
- It has more than 150 million registered users and 2 million content creators. The Britain-based web application came to light in September 2016.
- The Covid-19 pandemic was a game-changer for the London-based tech giant. Its revenue grew by 70% every month. Interestingly, cybernauts paid around $2.3 billion to watch engaging content on OnlyFans last year.
- 2021 will be bright for OnlyFans. Wonder why? Its earnings are predicted to cross $1.2 billion this year and $2.5 billion by the end of 2022.
- Unquestionably, instant messaging apps and social media platforms are minting billions of dollars from the data of their users. However, OnlyFansClone gives more power to content creators. On average, 300 artists pocket more than $1 million each in revenue every year. Besides that, 16000 creators get $50000 each for posting photos and videos regularly on OnlyFans.
How does an OnlyFans Clone Platform support multimedia content?
- Performing artists have different options to post content. They can share photos, podcasts, stories, videos, and also live stream rare footage of their personal and professional lives.
- Entrepreneurs can attract popular actors/ actresses, filmmakers, influencers, models and earn millions of dollars in no time. How to ensure consistency in revenue generation? Techpreneurs can build their wealth by captivating beauticians, chefs, fitness instructors, gamers, magicians, musicians, photographers, poets, sportspersons, and standup comedians.
- Will users benefit by subscribing to this exclusive content? Of course, yes! They will get advantages like cross-platform compatibility, interaction with stars via a live chat option, special episodes, and 24×7 access to uncensored content.
- How will artists earn more income? They will receive a Pay-Per-View (PPV), a percentage cut of the monthly subscription plans, and tips from fans. Are there any additional sources of revenue? Yes, they can sell their merchandise at their own price to customers. In the long run, this will help in building a personal brand.
- What are the strategies followed by techpreneurs? They can follow either a freemium or premium strategy? Accordingly, stakeholders of the creator economy can charm their fans with free content for a certain period.
- Once they get some followers, they can increase the price of their subscription packages. They can levy a minimum and maximum fee to distinguish between one-time users and frequent subscribers.
- Later, artists can establish a paywall for publishing content. Hence, cybernauts would have to incur a subscription fee for watching these rare and unique content.
- They can process transactions via credit and debit cards, mobile wallets, net banking accounts and wire transfers. After the creator receives the money, the photos and videos will be unlocked.
- Moreover, performers have ample freedom in choosing the types of paywalls. They can opt for liberal, metered, and restricted. Digipreneurs will receive real-time reports about the number of clicks, impressions, traffic, and views.
- Aspiring media moguls can view charts and graphs about the business performance. This will help in carving an expansion plan in the future. This will lead to more daily active users (DAUs), gross merchandise value (GMV), monthly active users (MAUs), profits and revenue.
The factors to consider while operating an OnlyFanslike Platform are
- The preferences and tastes of the target audience – With smartphone usage increasing, entrepreneurs must check the level of content consumption. Currently, audios, dubsmash, emojis, GIFs, mashups, and videos are the biggest way to capture users’ attention in the digital era. Accordingly, techpreneurs must consider the costs involved in managing the Content Delivery Network (CDN) and hiring mobile app developers, security experts, software developers, and web designers. This ensures secure financial planning without compromising on the quality of the content.
- Analyze the strategies followed by competitors – While OnlyFans is the fastest-growing subscription platform in the world, it has plenty of rivals. Entrepreneurs can check out the policies and plans followed by competitors. Subsequently, they enchant their target audience with discounts, offers, and promo codes. Besides that, this will encourage new users to join the OnlyFans like platform. Moreover, tier-based plans help gain more traction in the market.
- Focus on specific demographics – Instead of going internationally in one go, techpreneurs must devote attention to specific markets. Data like age, frequency of streaming, gender, location, and the time spent can be compiled. Entrepreneurs can take these trends into account and formulate a clear-cut plan for a few markets. They can alter the subscription packages based on the purchasing power (PP) of the target audience.
- Adhere to various laws – Complying with data protection, privacy, and security laws is a must while operating a content subscription platform. Entrepreneurs have to follow different guidelines: the Children’s Online Privacy Protection Act (COPPA), 1998, California Consumer Privacy Act (CCPA), 2018, the General Data Protection Regulation (GDPR), 2016, and other laws formulated by governments. This would ensure unobstructed business operations as there will be no intervention from authorities.
Predicting the future of content
OnlyFans is continuing to alter the landscape of content distribution and streaming. It has gotten rid of intermediaries. Hence, artists can directly reach out to their admirers from anywhere across the globe.
The British tech giant has also helped content creators get more income through referrals. They can encourage talented performers to join the platform and get a certain fee as commission. “Unlimited” is the best way to describe this as content developers can share a unique code and refer any number of artists.
As market conditions change and new technologies emerge, entrepreneurs ought to stay ahead of the times. An app creation enterprise will ensure that by creating a customized OnlyFans clone. Connect now and disrupt the Internet soon!