I definitely think Onlyfans is dying and will not be relevant in two years. They HAD a good business model but their greed is going to make them irrelevant. My main reasons why (other than agencies):
-Leaks, a lot of guys who would be willing to do onlyfans won’t for fear that they’ll get leaked and have their nudes online. Onlyfans never did enough to protect creators. And it’s much more common knowledge than in like 2021 that your stuff will get leaked.
-No new creators, this kinda goes hand in hand with leaks but a lot of new guys aren’t making onlyfans this year. I remember in past years that young guys, particularly guys starting college, starting onlyfans once they turned 18. Right now it’s the same creators doing to same things, so I won’t be spending my money on repetitive things and I know most won’t either.
-Difficult to start an onlyfans, I’ve heard from creators that getting verified and starting an onlyfans creator account is actually a pain and hard to do. Other than showing their ID they have to link their social media platforms and do extra things to get verified which can take months. It’s not this difficult on other platforms like Fansly or Chaturbate that do it almost instantly. This hurts the amount of new creators.
-Banning and mistreating creators, they ban a lot of creators who then move to different platforms with their audience. Many creators moved to Fansly and Fansly is starting to grow rapidly. I feel like this year Fansly grew more than previous years. Also creators hate onlyfans too, it’s not a good thing when the producers and consumers on your platform hate you.
-Creators using money transfers, most or every creator I buy from nowadays pretty much only sell using cash app. I’ve noticed starting this year everybody is now doing it. The 25% cut from sales is how Onlyfans makes money so this is really really hurting them.
-Lack of growth, once a guy starts an account it’s really hard to actually grow without an agency. This was always a problem and onlyfans never fixed it, so now the vast majority of accounts are agency ran.
Bundle all these issues with the exponential growth of agencies and it’s starting to cause a lot of trouble. I spent a significant amount less on the website than I did in previous years and it seems like many people are too.