What is OnlyFans and How Much Money Can You Earn By Using This Platform? (Information video) - Video

Founded in September 2016, 4 years ago by Fenix International Limited, OnlyFans is a content subscription service not just for adult entertainment. Video creators can earn money monthly from users or fans who subscribe to their content, as well as one-time tips and pay-per-view. An interesting fact is that the highest paid earners on OnlyFans are women.

The website is mainly used by pornographic models, both amateur and professional, but in addition to sex workers, it is also used for the work of other content creators. For example chefs, musicians, fitness experts and enthusiasts.

Important Note: Regardless of adult content, users must be at least 18 years old.

In addition, there are no official figures. OnlyFans announced that they have more than 1 million creators on the platform by December 2020. Which is remarkable, because in 2019 they only had 60,000 creators. This huge increase in the number of makers is a result of the COVID-19 crisis and more people are trying to make money from home while having to stay at home. All of these creators post about 7,000 to 8,000 new content per day.

In addition to the 1 million creators on the platform, OnlyFans has more than 50 million registered users. Many users registered with OnlyFans during the lockdown enforced by COVID. With an average of 500,000 new users per day.

But how does OnlyFans make money? Their business plan is quite simple. They provide a service, a platform, for paid content. Video makers create content for which users have to pay a certain amount. And OnlyFans takes a hefty piece on those payments. The company charges 20% on every payment the subscriber makes. The more a creator asks, the more money OnlyFans makes and this applies not only to adult content, but all content.

But the main question is how much money you can make with OnlyFans. The average creator earning is $ 180 per month. But this rules out the tip users can give to these creators. Another fact is that the top 1% of creators earn a third of the total money spent by users. That is 33%. The top 10% of popular creators earn a total of 73% of all money spent on this platform. OnlyFans announced on their website that they have paid out $ 2 billion to creators.

OnlyFans have grown a lot in recent months due to the COVID-19 crisis and require a high commission. But keep in mind that most artists are not going to get rich with OnlyFans. The majority don't even have a single fan and earn less than $ 145 a month. Besides all the nudity, some influencers or creators can make a lot of money using OnlyFans. For example, Bella Thorne made over a million dollars on her first day on the website. How? She briefly offered a 'naked' photo of herself for a bid price of $ 200 to look at. But she was actually wearing lingerie, which caused a lot of refund requests from users, which led OnlyFans to change payment rates.

I personally wouldn't recommend this website as they charge a lot of commission and if you're not a creator of adult entertainment there are some other platforms that could be more interesting for you personally. I would discuss a few of them in my other videos.

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