Ways To Earn Income From A Netflix Clone App For Entrepreneurs

Article about Ways To Earn Income From A Netflix Clone App For Entrepreneurs

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William Mark activities: Business Development/Sales, Business Development/Sales, IT, Business Development/Sales, Business Development/Sales, IT

Sep 24, 2021

The entertainment industry is vast as it seems to be a perfect sector to enter into for entrepreneurs. There is a wide opportunity for them to establish themselves as a successful individual upon launching an OTT platform. Undoubtedly, this sector witnessed massive success during the Covid-19 crisis. This eventually increased the demand for video streaming services apps in the market.


Growth and popularity of Netflix: Will it launching an app like Netflix be a wise choice? 


There are several video streaming service apps prevalent in the market. However, Netflix is one of the well-known app worldwide, widely used by millions of people. Here are the foolproof stats and facts of Netflix that will inspire you to launch an OTT platform similar to that.   


  • Netflix is an American-based streaming service company, established in 1997. This platform offers online streaming of series, movies, shows, and many more. 

  • As of the first half of 2021, the app has gained 209 million subscribers. The majority of users are from the United States and Canada, which includes 72 million. 

  • It is in operation in almost all regions across the globe except China, Crimea, North Korea, and Syria.  

  • In 2020, its revenue was approximately $24.99 billion. Notably, most people spend 3.2 hours a day on average. 

  • In the first month of 2021, it was recorded that its Android & iOS apps were downloaded 19 million times. 


In addition to these, the global OTT media market’s net value will reach $210 billion by 2026. So, it will be wise to opt for a Netflix Clone app development now.


Take a peek at some of the revenue models of the Netflix Clone app! 


If you are sure to launch a Netflix Clone app, you have to decide which revenue-generating strategies to implement. Some standard ways to generate income from OTT platforms are listed below.

 

Subscription - It is the constant way to generate revenue from OTT platforms. You can permit the users to stream video content, including shows and movies, upon availing of a subscription plan. Charge them a subscription fee monthly or yearly.


Advertising - This revenue stream will be a great fit for your business model when your app has a greater reach. Entitle advertisers to post ads on your platform. Incur charges from the advertisers based on the ad views/clicks.


Pay-per-view - Some users might want to watch videos for one time without opting for a subscription plan. For them, pay-per-view will be a beneficial one as they have to pay for particular video content. 


Final words


Hopefully, you will realize that launching an on-demand video streaming app like Netflix is a top-notch business idea. Do you have a plan to launch your app instantly? Opt for a Netflix Clone Script, a readily available solution. This will enable you to enter the booming sector and start a prosperous business right away.