The immediate mention of the term OnlyFans conjures up images of an application not available in the App Stores of both Apple and Google, concentrating on NSFW content for which everything has to be paid.
The reality is not far from the image it has managed to create! It would not be surprising to see some of the most renowned superstars belonging to the adult industry having a creator account on OnlyFans.
What was the reason for its success?
OnlyFans is a classic example of being in the right place at the right time.
A platform like OnlyFans, in itself, is a revolutionary concept. While every social network was concentrating on building numbers, OnlyFans decided to go in the opposite direction by making the content premium. This has prompted a lot of social media sites to rethink their strategy.
It also functions as an amazing monetization platform for content creators. The space is indeed dominated by people belonging to the content subscription platform. However, there is a small yet respectable niche for people belonging to yoga, lifestyle, fitness, and cooking as well.
The COVID-19 pandemic had radically altered the landscape of business, especially for content-based business. With OnlyFans coming in, they could make a massive profit. There have been instances where creators have earned millions of dollars only from OnlyFans.
The crisis
OnlyFans created waves, although for not so right reasons when it announced that it will no longer host unwanted content. It received a major backlash from both creators and fans alike, with both of them being critical of the company for ditching the people that made them famous in the first place. Some performers had gone too far in calling out this hypocrisy.
One of the reasons for the sudden decision was that OnlyFans, which is valued in the vicinity of $1 billion, is seeking its next round of funds/investments. Since the app is not officially available on both the application store ecosystems of Google and Apple, it becomes difficult to market the app. Any investor would want good returns on their investment, and OnlyFans was stuck at a crossroads.
Very soon, the OnlyFansClone platform reversed its statement, telling that the content creators can continue to create content irrespective of it being SFW or NSFW. While the integrity had taken a little bit of a hit, OnlyFans continued to be one of the most preferred platforms for adult entertainers.
Enter OFTV
To address this concern, OnlyFans decided to take an offbeat path. They introduced OFTV, a completely SFW social network that promotes creators belonging to spaces like yoga, fitness, and cooking. This social network, however, will be completely free and it will be available to everyone and will also be made available on the iOS App Store and the Google play store.
This would mean that OnlyFans is getting back to what the classic social network has always been! It is now going to count on numbers but the only difference is that OnlyFans has clearly stated that there will not be any advertisements even in the free version.
The NSFW version will not be completely taken off. It would be quite probable that the funding will happen only because of the presence of OFTV. The fund, however, has a very good possibility of being utilized for all the segments of services that OnlyFans clone offers.
What does this mean for an entrepreneur?
Irrespective of the content being as SFW or the other way around, it cannot be denied that OnlyFans was a massive success. It not only became a highly valued company but at the same time, it also created a lot of millionaires who might not have found a way to express themselves if not for that platform.
OnlyFans has also opened up a new wave of content consumption heralding to the world, the concept of premium social networking. People, if they get good content or exclusive content, are willing to pay to consume it. This has been tapped into only in one of the segments by OnlyFans and there are so many of them that can still be explored. This opens up amazing opportunities for an aspiring entrepreneur to create an OnlyFans lake platform.
The monetization platform
Looking at the NSFW version of OnlyFans, we can see the different avenues in which the app monetizes its content. There is a sign-up fee associated with every new registration. Even if you were to enter into the OnlyFans ecosystem, you must have to pay your sign of fees. This forms a major chunk of the revenue for OnlyFans.
They also charge a commission from content creators for the revenue that they make, and it right now stands at 20%. This might not be a lucrative number when comparing platforms like Patreon but the intensity of consumption makes it a lucrative avenue for content creators, especially those belonging to the adult industry.
On the top, some content creators can even charge an additional amount for extra premium content and OnlyFans earns commissions even on those, drastically expanding the possibilities of profitability.
The relevance of an OnlyFans clone app
We have already discussed the possibilities that live in the premium social networking space, and how an aspiring entrepreneur can create the next big thing in social media spread across different verticals.
To build a social networking platform from scratch, however, would be a cumbersome and daunting affair. Instead of building your app from scratch, you can opt for a white label OnlyFans clone. The app is easily customizable, and it can be made to better the features of your choice. You can also garnish it with an interface that reflects your brand language.
Going for an OnlyFans Clone platform not only saves you a lot in terms of money but also in terms of time. With this idea being so open, the fastest to hit the market is the one who is more likely to make a bigger profit. In addition, the app will not have any bugs or glitches that might interfere with the expected basic functionality. Therefore, you can launch your premium social network platform with confidence that you might not have when you build your app.
Conclusion
All that is left for you to do is to get in touch with the company that specializes in the development and customization of OnlyFans clone applications. They will take care to understand your requirements and present you with perfect solutions that will launch you into the profitable space of premium social networking, and that too, in the shortest possible time!