OnlyFans, launched in 2016, has brought a whole new dimension to Twitter users with large followings; offering premium subscription services so that dedicated followers can access exclusive content and therefore allowing members to make an income from their social media account.
Many of us use social media to interact with a network of people from friends and associates for both business and/or personal reasons but, with the advent of OnlyFans, you can now monetize your accounts and make money from your followers. A win-win situation, you can make money and your top fans receive access to exclusive content.
In this guide, we take a look at what OnlyFans can do to help cam models, escorts and other personal service professionals monetize their social media content as well as how to make the most out of this unique service.
What is OnlyFans?
OnlyFans is an online portal through which you can link your Twitter account and share private content with paid subscribers.
Quite simply, you can earn money from your social media by prioritizing your best posts only for those people who are paying for it. After all, why give the milk away with the barn?
Though the OnlyFans platform effectively replaces (or supplements) the way you post your content online it does posts links to your Twitter account to help drive traffic to your monetized account whilst you can still post normally on your main Twitter account.
The site has its own app that you can download to your iOS or Android device and post on the move.
What Kind of Money Can You Earn with OnlyFans?
The lowest subscription rates that you can charge for your OnlyFans service is $4.99 per month up to a suggested maximum of $49.99 (technically, there is no upper limit to the monthly subscription costs). With an expected sign-up rate of 3% across 1000 followers, your monthly earnings could be in the range of $149.70 to $1,499.70 depending on the cost you set for your membership.
OnlyFans estimates that subscription sign up rates are likely to be in the order of 1-5% and base many of their calculations for projected earnings on a monthly signup fee of $14.99.
You can also receive monetary ‘tips’ from your subscribers using the OnlyFans system.
Similar to the way in which tips generate extra interest in cam rooms, subscribers pay tips to get attention from the object of their attention. And, let’s face it, if you have a regular follower who is tipping you then you are more likely to interact with them. The tipping culture is so big in cam rooms that some popular models have even received five figure sums from their admirers. You can read more about this phenomenon in our feature on cam room big spenders.
As well as charging your subscribers for regular content you can also send one-off messages either publicly or privately with a set price that must be paid before the recipient can open it.
The price for these is entirely set by you and offers a way of fulfilling special requests for specific members. This is becoming a popular way for escorts to share intimate pictures with potential and existing clients.
In practice, sign up and conversion rates are higher the lower your subscription fees are with your potential earnings increasing by an economy of scale; more users at lower rates will deliver better returns than fewer users at higher rates.
In reality, the price of your subscription can be determined by how popular your content is likely to be and how many followers you currently have. There are many users on the OnlyFans site who have several hundred paid subscribers whilst others have thousands so the sky is the limit.
You should remember that only 80% of the fees are actually paid to the account holder with OnlyFans taking a commission of 20% of your earnings (including tips).
Payment is made using a verified bank account and is processed daily. Money usually takes 48 hours to reach your bank account.
OnlyFans: Making the Most of Monetization
In order to get the best results from OnlyFans it is important to both drive traffic to your OnlyFans account whilst withholding your best content for paid subscribers.
It can be a bit of a balancing act as without new subscribers your earnings will plateau (or fail to take off) whilst sharing all of your premium content for free will guarantee you a quick way to obscurity as paying members are left wondering why they are parting with their cash for nothing they can’t get for free.
The best advice is to continue using social media accounts to publicize much of your regular Tweets, Posts and Selfies whilst ensuring that any ‘premium’ content is saved for your paying members.
Content can be posted in a variety of formats including general text to promote events and news as well as images and video.
In addition, you can also set up a ‘fanscope’ session which allows you to broadcast live.
It is this feature which is particularly appealing for many subscribers as it allows them a real-time exclusive interaction with their favorite amateur adult stars; sort of like a special cam channel where you broadcast only to your best members whilst getting paid for it.
It is recommended that you use a mix of media to maintain your marketing momentum; and that’s what this site is all about. Using a new platform to market yourself as a brand that people want to buy into.
OnlyFans: Simple to Use
Using OnlyFans is similar to the way most social media platforms are set up but is perhaps most like Twitter.
Once you have linked your Twitter account and created a profile, you can simply start adding content. A reciprocal tweet is sent to your Twitter page with a link to your OnlyFans page; anyone who wishes to see these tweets must first subscribe.
Who Uses OnlyFans?
The service is available to anyone who has a Twitter account but it is predominantly being used by those people who work in the adult entertainment services industry to protect their best content from being shared.
Users like cam models, Instagram models, escorts, adult models and porn stars who have large followings that are prepared to pay for exclusive access to the content seem to be making the most money.
However, a wide range of other professionals are also using the service to share their content across a paid-up member base.
OnlyFans: The Future
Whilst OnlyFans is currently only set up to work with Twitter, there are plans to integrate the service with both Facebook and Instagram with the latter expected to be a very popular move.
Featured image via website.