How Much Does OnlyFans Take From Creators in 2024? A Deep Dive into the Fee Structure

As an entrepreneurship consultant, I frequently receive questions from creators and small business owners exploring OnlyFans as a potential income stream. One of the most common questions is: "How much does OnlyFans actually take from what I earn on the platform?"

This is an important question to answer, especially if you‘re considering becoming an OnlyFans creator in 2024. In this detailed guide, I‘ll break down OnlyFans‘ fees and payout structure so you can set accurate earnings expectations.

OnlyFans Claims a 20% Cut of Creator Earnings

OnlyFans promotes that they take a 20% fee from creator earnings. At first glance, this seems like a great deal compared to platforms like Patreon that take 5-12% plus processing fees.

However, it‘s important to read the fine print. OnlyFans‘ 20% isn‘t just a platform fee—it also covers payment processing fees, chargebacks, and more. When you factor in those costs on other platforms, the fee difference between OnlyFans and competitors narrows.

According to OnlyFans’ terms:

“The Creator agrees OnlyFans shall retain twenty percent (20%) of the Creator‘s Net Earnings, from which we will cover all processing fees, chargebacks, refunds, and payment to Contributors.”

This means OnlyFans keeps more than 20% of your gross earnings. The exact amount can vary based on processing fees in your country, currency conversion rates, and your chargeback/refund ratio.

Realistic Earning Potential for OnlyFans Creators

Next, let‘s look at realistic income projections based on OnlyFans’ fee structure.

The top OnlyFans creators earn in the millions per month. However, these represent less than 1% of accounts.

According to OnlyFans, the median creator earns $145 per month. The top 10% of accounts earn 73% of all the income on OnlyFans.

As an entrepreneurship consultant, I advise clients to be skeptical of inflated income claims and set realistic goals. Based on my experience, here are some realistic OnlyFans income projections:

Earning $500 Per Month on OnlyFans

  • 100 subscribers paying $10 per month = $1,000
  • OnlyFans takes ~25% fee = $750 to creator
  • Earning approximately $500 after taxes (estimated)

To earn $500 per month, you‘ll need to acquire and retain 100+ paying subscribers, which takes significant time and marketing effort. This income level represents the top 10-20% of OnlyFans creators.

Earning $2,000 Per Month on OnlyFans

  • 400 subscribers paying $10 per month = $4,000
  • OnlyFans takes ~25% cut = $3,000 to creator
  • Earning approximately $2,000 after taxes (estimated)

Reaching 400+ paying subscribers places you in the top 1% of OnlyFans creators. It requires exceptional marketing across multiple platforms, high-quality content, and superb fan engagement.

While six-figure incomes are possible on OnlyFans, they are extremely rare. Income stability also varies month-to-month. Be wary of inflated income claims around OnlyFans.

Maximizing Your Earnings as an OnlyFans Creator

Based on my consulting experience, here are some best practices I recommend to clients for optimizing OnlyFans income:

  • Build your subscriber base FIRST before quitting a day job. Don‘t leave a stable income source until you‘ve built a consistent OnlyFans following.
  • Reinvest a portion of earnings into better equipment and professional services. Upgrading your camera, lighting, editing software, etc. can drastically improve content quality.
  • Hire advisors like accountants and lawyers to help navigate legal issues, taxes, and finances. Their expertise saves you money in the long run.
  • Promote across multiple platforms. Leverage Instagram, TikTok, Reddit, Snapchat, and any other appropriate platform to drive OnlyFans subscriptions.
  • Offer tiered subscription packs. Charge more for subscriptions with exclusive content and direct messaging access.
  • Collaborate with other creators to cross-promote each other’s content and run bundle deals for fans.

Making a full-time living on OnlyFans requires business savvy and substantial effort. But it can become a viable income source with the right preparation and execution.

Evaluating if OnlyFans Is Right for You

I never advise clients to jump into OnlyFans—or any business—without carefully evaluating if it aligns with their goals and risk tolerance. Consider questions like:

  • Are you comfortable having intimate content online indefinitely? It can be difficult to remove content once posted.
  • Can you handle fluctuating income month-to-month? Earnings depend heavily on maintaining subscribers.
  • Are you prepared to invest 15+ hours per week? OnlyFans is not a passive income source. Significant time investment is required.
  • Do you have a plan to market yourself and create high-value content consistently? Competition is fierce.

I encourage clients to create a OnlyFans business plan detailing their target audience, content strategy, marketing plan, and financial projections. This helps determine if OnlyFans is a good personal fit and worth pursing over other monetization options.

The Bottom Line

While OnlyFans can be lucrative for top creators, it requires tremendous entrepreneurial effort. If you‘re considering OnlyFans, understand the fees, take realistic income projections, and evaluate if the opportunity aligns with your goals. With eyes wide open, you can determine if using the platform makes sense for your business.