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.

Author's Bio: 

Christopher Willson is an ardent believer in life morals, a writer by profession, an aspiring author and a creator, who believes in his existence for literature. He, being an extrovert, has no qualms talking to all sorts of people. When he is not writing, you can find his indulged in reading, dancing and day dreaming to change the World!