Like any get quick scheme, the key is to get the people who have no chance at making money to believe they can get rich like the top tier individuals.
It is very much a pyramid scheme, but like a deck of cards stacked on each other, it will come tumbling down.
One of the first things that happen is the market gets oversaturated. There is more supply than demand, and when the supply all looks the same, acts the same, and doesn’t do anything different. Eventually, the demand goes does because people lose interest.
The second problem is content.
When the market is oversaturated, you better have premium, consistent and creative content. Many women don’t have the time or want to put in the effort for that, so it isn’t surprising they are broke now.
The plunging economy has been hard on one particular sector — se* workers who say that decades-high inflation has forced their clients to cut back on discretionary spending.
Allie Rae, a 38-year-old Massachusetts woman who left her $84,000-a-year nursing job to earn a monthly six-figure income on OnlyFans, told The Post on Friday that she and other online creators have seen their incomes take a hit recently.
“Many top creators are hurting really bad,” Rae said. “It’s definitely something that’s happening.”
Rae, who during the pandemic earned as much as $200,000 a month, told The Post that her income has fallen 25% in recent weeks. Other OnlyFans performers have seen their incomes drop by as much as 50%, she said.
“My traffic has been down a lot,” she said. “I’m working harder than I have ever been.”
Rae, who has used some of her OnlyFans earnings to create her crypto-friendly platform for erotic performers, told The Post that as one of the site’s top earners, she can withstand slowdowns. For those at the bottom, however, they may have to find new lines of work.
I hope they saved their money when things were booming.
Don’t be mad, UPS is hiring. That line would probably be changed to Amazon in 2022.
Flip the page for the rise and fall of OnlyFans.