How to make money on OnlyFans?

OnlyFans was founded in Nov 2016, OnlyFans is a subscription-based platform for content creators to create videos and photos and post them on the platform. Along with this side, they receive money from their fans where they pay a monthly subscription fee to see the content of their favorite creator. Content creators can earn money from their followers and this enables content creators to receive income right from their followers on a monthly basis as well as the pay-per-view option.

This platform has more than 2 million content creators and 130 million fans. The service is popular with and commonly related to adult-oriented content, but it also provides the exertion of other content creators, such as physical fitness, professionals, musicians, and other creators who post content on daily basis.

OnlyFans, a membership platform that aims to provide a “new way of earning” for content creators via subscription, and has recently grown in popularity. It is a new place for content creators to stop depending on commercial revenue and start getting paid directly by their fans. The platform has gained much popularity in the adult industry due to its open content policy making it a viable option for any adult performer desiring to monetize their content online.

How OnlyFans Pay You?
On one hand, it would make sense that the website helps to make it easier for creators to sell content. This is how creators make income.
On the other hand, the platform hasn’t really made its edge more user-friendly. So, much of the work has been an increase on the creator, and they have to get creative ideas for how they monetize their content.

Below are some money-making techniques used by top creators:

1. Social Media Integration
While OnlyFans can’t link openly to social sites, many creators are getting to increase their followers to earn more money. In several cases, creators will use platforms like Instagram or Twitter to promote their OnlyFans account, generally by referring their followers to their OnlyFans link.

2. Video and Content Editing
Since OnlyFans does not contain a creative platform, creators need to create their content on a third-party service and then drive it to OnlyFans. So, creators need to learn how to edit videos and photos, meaning that most of these people are getting much more skilled by themselves.

3. One-on-One Chats
However users can message creators directly, there is no direct chat or video chat feature. Once more, creators have to make use of third-party platforms like Snapchat, FaceTime, and WhatsApp. According to creators, many users come to OnlyFans for custom-made associates. So, creators have to form relationships with their followers if they want to earn money from them.

How Much Profit Can You Make?
Since inception in 2016, OnlyFans had waged out over three billion dollars to creators. However creators only get 80% of their earnings. Only Fans maintains a 20% commission from all creators' earnings to cover referral payments, payment handling, hosting, support, and all other services.
The OnlyFans creators have two intents that is "pending" balance of their incomes that are still being processed and a "current" balance that they can withdraw, According to the OnlyFans, all expenditures from followers credited to the creator's pending balance, becomes eligible for withdrawing in eight days after earning.
The minimum withdrawal amount is $20, which means creators can only withdraw money from their current balance, when there is a minimum of $20 in their current balance. Cashing out can be done both manually or automatically with regular payments on a monthly, weekly, or daily basis.

How to get Cash out?
When artists create their OnlyFans accounts, they link their bank accounts to their profile, if you set up an automatic repetitive payment, your earnings will transfer directly into your bank account. If you have a manual transfer, you can decide at any time how much money you would like to withdraw from your account and send a "Payout Request." The withdrawals process take around two days and the money will be credited into your account. According to OnlyFans, netbanking is the easiest method of cashing out.
Since income taxes are not taken from the creator' earnings, OnlyFans have to pay taxes at the end of the year. OnlyFans will forward your tax form with your annual income, and you classify as a 1099 self-employed creator. It becomes terrifying if you are not paying your taxes and have a massive tax bill at the end of the year, you will not just get stuff of cash to deduct from your account. Everything is overtaxed and abstract by OnlyFans and the government.

Conclusion
As a relatively new company, OnlyFans has yet to release much more information about its earning methods. It’s clear by their transparency over social media that they are in the industry with developing a reliable following and long-term profitability in mind.
It is true that platforms like Instagram provide people with a chance to sense good among themselves. However, they can gain even more contentment using Onlyfans. This is how they provide opportunities to make income.

Know More: https://www.linkedin.com/pulse/how-get-paid-onlyfans-fansforx