The OnlyFans platform was founded in 2016 to help ordinary people make money from their social media accounts. It is one of the most popular adult content platforms in the world. OnlyFans offers a range of features designed to help babes make money from their pages, including live memberships, premium video chat, and erotic text chat. It also provides a platform for independent models to build their brand and make money from their content.
Business on OnlyFans
OnlyFans is mainly used by pornographic creators, both amateur and professional, but it also has a market with chefs, fitness trainers, musicians etc. The company charges a 20% fee for all transactions made on the site. OnlyFans was launched in November 2016 as a platform for performers to provide clips and photos to followers for a monthly subscription fee.
History of OnlyFans
Tim and his brother Thomas founded the company with a £10,000 loan from their father, Guy Stokely. After acquiring Fenix, OnlyFans became focused on NSFW content. Amateur and professional sex workers were the "key drivers" of OnlyFan's significant growth. The site experienced further growth when rappers Cardi B and Bella Thorne joined the Platform. A trend on Onlyfans saw creators giving away sexual contents in exchange for proof of charitable donations, beginning with Kaylan Ward who raised $1 million in contributions to charities during the Australian wild bushfire in Australia in January 2020.
Earnings & Metrics
In late 2020, OnlyFans had 85 million users and more than a million creators. By March 2021, OnlyFans' user base topped 120 million and creators collectively earned $3 billion in revenue. OnlyFans states that it pays out more than $200 million a month to creators. In 2021, OnlyFans reached a company valuation of $1 billion.
One million dollar in 24hours on OnlyFans by Bella Thorne
The success of the platform showed in a record-breaking one-day membership tally of US$1 million. This was achieved when model and actress Bella Thorne joined the platform.
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