Many Gen Z users are entering the content creation space and looking to live outside the typical 9-5 hours.creators of Gen Z said they want to monetize their content.
Still, many content creators are concerned, given the recent drama surrounding the social media app, the cancellation of Meta’s monthly Replay Bonus program, and a potential ban on TikTok. One study found that 60% of Gen Z creators use TikTok to monetize their content.
FanFix, a Patreon contest that caters to Gen Z creators and allows only pure content, may generate more revenue for creators. Subscription monetization platforms allow influencers to earn money directly from their followers.
According to the company, Phoenix has attracted more than 10 million users, including 3,000 creatives. According to him, the annual income of active writers is $70,000.
As of this month, FanFix has paid $11 million to developers and will have paid nearly $50 million by the end of the year. It also believes it will generate $35 million in revenue and be profitable in the first quarter of 2024, co-founder Harry Gastner told TechCrunch.
These numbers are impressive for a two-year-old, especially when you consider that today’s market makes it difficult for new manufacturers to succeed.
Fanfix is an online platform where content creators build memberships, build paywalls, and publish content behind paywalls. Creators can set their own subscription fees, with as little as $5 and as little as $50 per month.
Influencers can make more money through features like Tip-to-DM, a pay-to-message feature that allows fans to pay between $3 and $500 to chat privately with their favorite artists.
Fanfix recently introduced a one-stop shop and a new messaging feature where fans can reach all subscribers at once.
Other features in the jobs include one-on-one interviews, custom videos, and live streams.
FanFix also has an analytics dashboard that allows users to track revenue, number of subscribers, and other performance metrics. It is an important tool when designers want to share value with clients and brands.
The platform generates revenue by taking a 20% commission. This is slightly more than some competitors like Funhouse who charge just 10%. Patreon creators must sign up for one of the subscription plans, which range from 5% to 12% per month.
While FanFix has no plans to cut fees, Gastner says it has no hidden fees and offers a “premium service” superior to many of its competitors.
“If you look at other sites, a lot of the product creators pay the fee. So there are a lot of hidden costs, and we are very open about how we make money,” added founder Simon Pompon.
“Fanfix is one of the fastest growing platforms for Gen Z fundraising because it’s where our platform creators get the most money,” said Gastner. “Producers are often very happy with commissions because they know they’re making more money on our platform than anyone else.”
Gastner and Pompom have been friends since high school and started dating in college in August 2021. Justetner and Pompon Vine star Cameron Dallas joined the cast shortly after the fanfix aired.
The funk idea came about when Gesttner’s uncle got millions of views on TikTok but lost money. After doing a little research, Gastner discovered that many writers are struggling to make money.
In general, the writer economy can be difficult to navigate, especially for new full-time writers who want to make money. Small content creators can’t find a profitable business, let alone one that provides regular income.
“Many artists have signed record deals as a way for artists to receive money directly from their loyal fans without relying on labels, producers, studios or record companies. The format is perfect for the whole family of fans,” he said.
Because Fanfix fans are between the ages of 13 and 24, the platform has a strict content policy that prevents allegations that the content promotes illegal activity.
The platform ensures the protection of users and authors under the age of 18, while they are responsible for other security features, such as the reporting function and a controller that monitors the personal information of the author 24 hours a day and twice a day. day. the account.
Regardless of the age of the writer, they can use the safe mode feature, which allows them to keep their information private.
In general, the entire platform is run by people.
Fanfix accepts authors with 10,000 or more subscribers. The creator must match the fan’s “brand image” and is subject to change.
We spoke to Savannah Rae Demers, a 22-year-old content creator who started using FanFix in the fall of 2022. Demers says she’s made nearly $100,000 on the platform so far.
“My current membership fee is $8, which earns me about $6.40 per user per month,” Demers told us. “With nearly 2,100 subscribers, that’s already $13,500 a month from subscribers alone. This doesn’t include additional tips and revenue from service providers.
Other successful content creators who have worked on fan fiction include Maddie Monroe, Brooke Monk and Anna Schumacher. According to the company, there are around 200 fanfic customers per creator on the platform.
“I was immediately intrigued by the whole idea of the platform – instead of just relying on token donations to have a place to record behind the scenes content – it sounds great! Connect and reach me and my community Also a place to interact Followers are very special to me and Fanfix is what it gives me through the messaging platform,” Demers added.