Premium content is the biggest trend now and OnlyFans is the pioneer in it. The London-based startup earned a whopping revenue of $390 million from November 2019 to November 2020. Further, the British content subscription platform has more than 120 million daily active users. A quick way for entrepreneurs to rule the digital media industry is to establish an OnlyFans clone. They can reach out to a specialized app development company for achieving their business objectives successfully.
What are the different revenue streams by owning an OnlyFans clone platform?
The 80:20 business model is the secret behind the huge success of OnlyFans. Content creators, models, and publishers retain 80% of their total earnings. The remaining 20% is taken by the OnlyFans Clone platform. It uses this share of revenue to incur different expenses like legal compliance, maintenance of the Content Management System (CMS), paying commission for referrals to artists, and processing of payments.
Further, techpreneurs can get income from deposit and withdrawal charges, publishing targeted advertisements and the sale of branded products. They can modify the commission percentage anytime based on the business needs and market conditions.
Wrapping Up
Above all, OnlyFans minted $74 million in pre-tax profits between November 2019 and 2020. Hence, the premium content subscription industry is worth multi-billion dollars now.
The OnlyFans Clone platform will continue to grow in the future. It will focus on compliance with different laws, timely payments to artists and celebrities, and protection of their privacy and security.
Therefore, entrepreneurs can reap rewards by obtaining a first-class OnlyFans clone script. They can witness a surge in the number of users, revenue, and traffic soon.
