“Cracking up a net revenue of 1.2 billion dollars in 2021 and in the future the revenue is expected to scale up to 2.5 billion dollars in a subscription-based app like Onlyfans.” isn’t that making you awestruck? Don’t you feel tickled?
How not! It does, and it kindles an interest to know what the app does to bring in lump sum revenue. And any businessman would have eventually calculated an average cost of developing and launching a similar OnlyFans clone app.
But any discussion can not be taken just like that, right? So this is for you! Get to know more about the OnlyFans, its prerequisites to develop a similar subscription based app, features structure, and monetization opportunities, Here’s all you need to clarify to get your app developed and launched in the market.
The Adult Content streaming OnlyFans App:
A sensational app with nearly eight thousand creators emerging now and then. Moreover, an app with 1.5 million active users was live in 2016 on the global market. This was an open forum whose prime revenue was through its subscription model. Now there are different opportunities to explore in the app in terms of revenue generation..
This is the only platform that streams endless content without any restriction. While the app users have to meet one of the most important criteria, they must be adult to become a part of the app. This social networking platform allows its users to create content and earn income. while the admin will also gain mutual monetary benefits.
The fans in the app are the funding source. They can subscribe to their favorite creator and enjoy accessing first-hand content. The subscription models can be fixed in favor of the creator. The app retains a 20% commission, while the creator can charge $4.99 to $49.99 per month. Other monetary strategies include Pay-per-view, live streaming charges, charges to activate chat, and many others.
Impressive Stats Of Subscription-based App Like OnlyFans:
- There were 350,000 active users on the platform in March 2020, and by August, the scale shifted double, almost crossing 700,000 users. And eventually, by the end of December 2020, OnlyFan had 1 million users, which positively helped it step into another successful new year.
- The subscriptions model accounts for 64% of the actual revenue of the app, and the rest of 36% is compensatthrough the pay-per-view model.
These facts are too lucrative for any entrepreneur to build a similar subscription app that has too many benefits and is fill with increase revenue opportunities. That thereby made OnlyFans clone app development a common initiative in the market.
How Are Entrepreneurs Monetarily Benefited Through OnlyFans Clone App?
- Subscription For Premium Content:
We all know that the Subscription model constitutes the major part of the revenue of the app. The users/ fans here can subscribe to their favorite creator’s account and get the benefits of accessing their content beforehand. The fee can be either monthly, quarterly, half-yearly, annually. The creators get the advantage of framing their subscription model in the platform.
- Charges For Live Streaming:
The creators can charge the users for exclusive live content stream by the creators while a percentage is share with the admin.
- Premium Messaging:
Like the subscription model, the premium messaging facility can be enable only when the user pays. This helps them release the lock and opens room to chat with their favorite creator. The charges vary from one creator to another.
- Referral Incentives:
The users benefit from the app for every new user they bring into the platform. The creators can refer their co-creators to enter the app and gain incentives for it.
For exclusive content the users watch, they are charge for each view. As mentioned above, this is the second-largest income-generating strategy of the app.
- In-app ad campaigns:
The admin benefited from every transaction happening in the app. At the same time, the income generate by running ad campaigns in the app is solely credit for the admin.
OnlyFans Like App Solutions are Profitable:
OnlyFans claims a standard in the market that lets it freely function with no restrictions. Wherein in terms of money-making policies, the app is on par, benefiting the admin.
The business model of the OnlyFans like subscription app ensures 100% profitability. Apart from that, the app also has made its stand in other two aspects.
- Despite the emergence of new platforms to scrumble the monotony, OnlyFans brought in awestruck innovations. They were all an instant hit, thereby withstanding its monopoly in the market. With its intuitive ideas and concepts, it’s very easy to turn them into money. For an account, this adult content app almost earned a 120million user base from something lesser than 20million.
- The next lucrative aspect of this app model is that it’s very convenient and secure, which encourages celebrities to join these platforms. Despite being an unusual social networking platform, it has diverse approaches but gains traction, which is completely lucrative.
Working Of OnlyFans Like App:
- The user of the app undergoes a seamless login process. They can sign up using either their social media login credentials or phone number, e-mail, etc.
- Basic information of the user is collect: name, age, contact detail, etc.
- The verification process takes place. Once the admin panel verifies the user’s accounts, it gets activate
- The user can now surf through the app to find their favorite celebrity and subscribe to their account.
- On the other hand, the creators can log in to the app and set their profile as they like. They get the liberty to set up their account as they wish, and they can also choose their subscription plan setup.
- The subscription fee can be seamlessly transferred via the app, and there are different gateways to improve its effectiveness.
- The commission is fixed and classified based on the need, that they are duly divided.
- The user with continuous subscription and support they provide to their favorite celebrity gets a chance to own a super badge for themself.
- With this, the user can uninterruptedly access the content of the creators they have subscribed to.
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