The last five years have seen the tremendous rise of digital media companies. The traditional methods of consuming content have changed now due to better Internet connectivity and increased smartphone usage.
For example, news apps and social media have replaced newspapers, and theatres have been substituted by Over-the-Top (OTT) platforms.
However, there is one content subscription platform that has dominated the global market since its launch in September 2016. If you are guessing which one it should be? It is none other than OnlyFans.
Popular artists, celebrities, fitness instructors, and models post their exclusive content (photos and videos) directly to users and make millions of dollars every month.
Decoding some insightful numbers behind the success of an app like OnlyFans
- It earned a whopping 1.7 billion pounds – ($2.4 billion) in revenue from November 2019 to November 2020. OnlyFans has increased its income by an impressive 615%.
- The famous online platform added 69 million – active users in 2020. A significant proportion of new customers came from the USA.
- Pre-tax profits increased from 6 million pounds – to 53 million pounds. It also has a positive cash balance of 200 million pounds as of November 2020.
- More than 300 content creators – have earned $1 million each from the OnlyFans platform.
- OnlyFans is available only as a web platform now – and not as an Android or an iOS mobile app. It functions based on an 80:20 business model. Content creators get 80% of the total revenue while the remaining 20% is retained by the online platform.
- Interestingly, Tim Stokely, the CEO of OnlyFans – recently said that the app will not launch on Apple App Store and Google Play Store as of now. This is because the OnlyFans platform will have to pay the App Stores a 30% commission for digital subscriptions. Consequently, this will reduce the total earnings of the content creators.
Why must you build an outstanding OnlyFans Clone App?
Creating an app like OnlyFans takes several months or years, involves a lot of investment in human resources and technology. A viable alternative is to acquire an affordable OnlyFans clone app made by a skilled app development company.
An attractive app like OnlyFans includes a modern Content Management System (CMS). Models and stars use the CMS to post their high-quality photos and videos. An advanced admin panel helps to efficiently control the day-to-day business activities.
What are the multiple incentives for content creators offered by an app like OnlyFans?
- Frequent payout of earnings – Models and stars get their payments regularly on the OnlyFans clone app. They can choose between three options (daily, weekly, and monthly).
- DMCA and GDPR Protection – The guidelines of the Digital Millennium Copyright Act (DMCA) is used to remove infringed (unlawful) content from the OnlyFans clone app. Privacy of the artists is safeguarded by complying with the rules of the General Data Protection Regulation (GDPR).
- A Social Media login option – New content creators register on an app like OnlyFans by syncing their social media accounts. They can enter details of their Facebook, Google, Instagram, and Twitter accounts.
- Extra income earnings opportunities – The models and stars pocket more revenue through options like live streaming, Pay-Per-View messaging, and tips given by followers. They also receive a certain percentage of commission from the monthly subscription plans of the users.
- Brand resources – Content creators boost their popularity on the OnlyFans clone app easily. They make use of the logo and social icons representing the highly-valued brand of the OnlyFans like app.
- Numerous withdrawal options – Artists and models can swiftly withdraw their income from an app like OnlyFans by using numerous methods.
They take away their earnings through Automated Clearing House (ACH), Original Credit Transaction (OCT), Paxum e-wallet, Single Euro Payments Area (SEPA), and the Society for Worldwide Interbank Financial Telecommunications (SWIFT).
A secure Vault – Content creators store all their media (images and videos) in the Vault. They categorize the content based on live streams, messages, posts, and stories. The artists can reuse their content and post it to fans and followers who have not seen it before.
An integrated referral program – Content developers of the OnlyFans clone app can refer their family members and friends for posting photos and videos on the platform. They receive 5% as commission out of the referred person’s earnings. The artists and models can refer an unlimited number of people to an app like OnlyFans without any restrictions.
What are the important features for users in the OnlyFans clone app?
- A Live Chat option – Members of an app like OnlyFans interact directly with celebrities and models through the real-time chat option. They get exclusive access to eye-catching content.
- Acceptance of multiple payment methods – Users can pay for their monthly subscription on the OnlyFans clone app through credit cards, debit cards, Discover, Maestro, Mastercard, and Visa.
- OnlyFans merchandise store – Members of the OnlyFans like app buy branded products from the integrated merchandise store. Users can purchase high-end bags, caps, face masks, hats, hoodies, leggings, mugs, pillows, smartphone cases, and T-shirts. There are two merchandise stores (Shopify and Teespring).
What is the budget outlay for OnlyFans Clone App Development?
The cost of creating an attractive app like OnlyFans is separated into several stages. It includes business analysis, market research, UI/UX designing, creation of the prototype, front-end and back-end development, testing, launching the solution, and conducting digital marketing campaigns.
Besides that, the budget shoots up if the entrepreneur requires additional services like the addition of software updates, bug fixing, maintenance, and technical support.
The OnlyFans platform has efficiently monetized content uploaded by artists, models, and stars. It is also attracting photos and videos posted by designers, journalists, and publishers. Many content creators get a good source of income by regularly publishing their work on an app like OnlyFans.
The OnlyFans clone app also removes the middlemen from the system. Above all, the content developers need not pay any commission to intermediaries. Hence, progressive entrepreneurs can become owners of the numero uno content subscription platform.
They can partner with a competent app development company for game-changing OnlyFans clone app development. Entrepreneurs will get the best business results quickly.