You mean gross revenue, not profit. 30% profit is after expenses including CoGS/wages and is good money if it scales.
Comment on Child predators are exploiting kids on OnlyFans despite vows of safety
Deceptichum@quokk.au 2 months agoDo most employers spend 70% of their profit on the staff wages?
dezmd@lemmy.world 2 months ago
JasonDJ@lemmy.zip 2 months ago
Creators on OF or any social media platform can’t be compared to employees. They are more like suppliers.
Plopp@lemmy.world 2 months ago
How is 70% of what customers pay the same as 70% of their profits?
rand_alpha19@moist.catsweat.com 2 months ago
I guess that depends on the overhead. How much does it cost to maintain an Only Fans business?
Since equipment (camera, lighting, outfits, toys, etc.) is a fixed 1-time cost outside of consumables such as makeup, condoms, etc., I'd imagine that the profit margin is relatively high compared to most other types of business.
But that's just me making inferences, I have no authority or experience in these fields.
Plopp@lemmy.world 2 months ago
Those purchases aren’t paid for by Only Fans. It’s the content creators who pay for all that (unless there’s a way to get sponsored by OF, I don’t know). However, reliably storing and streaming video in high quality across the globe with low latency, both live and on demand, which is what OF does, is expensive af. It’s one of the reasons, if not the main one, there are no real competitors to YouTube.
rand_alpha19@moist.catsweat.com 2 months ago
I thought we were talking about the people making a living on OF, not the company itself. Isn't that the reason that its 30% deduction of profit from the creators on the platform is relevant to the conversation?