Subscription-based adult content is taking the freelance world by storm.
If you are thinking of launching a modeling or adult video business of your own, one of your first steps should be to understand how subscriptions can help you to monetize your passion, please your customers and surpass many of your competitors.
The OnlyFans example.
OnlyFans is a U.K.-based internet service that hosts user-generated textual and video content. Although it is known primarily for its adult materials, it also hosts the work of creators in fields such as physical fitness and music.
Much of its success stems from its innovative subscription model that allows users to pay a set monthly fee to gain enhanced access to the images and written content of their favorite makers.
1. Longevity appears certain.
Adult industry payment processing makes subscription-based billing possible not only on sites like OnlyFans but on any ecommerce platform you choose to use. The reason this model appears to be here to stay is the set of advantages it furnishes to creators and their customers.
For one thing, payments are pre-scheduled, making withdrawals predictable for both parties. Customers know when to expect their discreet withdrawals, and creators can reliably make financial decisions based on a reasonable certainty that the funds will be in their account on a set date.
Moreover, this model helps to enhance the consumer-creator relationship. As a producer, it gives you numerous ways to stay in touch by offering incentives and other promotions. No longer do people only hear from you when their payment is due.
2. Subscriptions help businesses to grow.
When creators bring subscription-based billing into their business model, they have laid an infrastructure that can support far-reaching marketing campaigns and other enhancement strategies.
That’s because cash flow is more predictable and can be augmented by the additional promotions you offer to your recurring billing customers.
3. Subscriptions help to mitigate high-risk business charges.
When you set up your adult entertainment business, one inescapable reality is that you will be categorized by payment processors as a high-risk business.
This is due to the increased frequency of chargebacks as well as the added rules and regulations that exist in this industry. As a result, you can expect to pay higher fees for every transaction as well as to be saddled with additional charges and contractual obligations.
This can place additional financial burdens on your fledgling business. Fortunately, instituting a subscription model can help you to have more reliable and lucrative access to cash.
This can help you to offset these additional expenses.
The success of OnlyFans is a predictor of things to come. This innovative creator platform is revolutionizing the way that adult content generators interact with their customers and accept payments.
Even if you choose not to become a part of that particular site, you can still piggyback on its path to success. Implement subscriptions in your business plan, and you too can reap the rewards.