On the internet, there is a service called Cameo that allows consumers to pay famous people to create custom movies for them. Two other goods are Zoom calls and the chance to speak with a famous person. Cameo makes money by deducting a 25 percent fee from any transaction made through their marketplace.
Chicago-based Cameo, which was established in 2016, has raised more than $65 million and has a $300 million market cap. More than 30,000 creators are now using the site. The Cameo app has been copied numerous times as a result of this.
In order to create effective Cameo Clone apps that can be sold under their own brand or customized for a specific client, mobile and web app development businesses set out to do so. We at FansForX, one of the well-known Cameo clone app creation businesses, are here to share some advice with you on how to monetize your Cameo clone app.
How To Earn Money With Your Cameo Clone App?
Celebrities can earn money on Cameo through cameo requests, Cameo live experiences, Cameo DMs, sponsored marketing, and more. To put it another way, it will only take you about 30 seconds to watch a single Cameo video. You can make about $1,125 in just 7.5 minutes if you charge $100 and complete 15 cameos.
For a low-profile celebrity, cameo videos and DMs can be purchased for as little as $1, while for a high-profile celebrity, they can cost as much as $2500. Video requests are more expensive than cameo DMs. To put things in perspective, sending her a DM only costs $9.99 as opposed to purchasing a video from Paul Abdul for $225.
By taking a 25 percent cut of every transaction that occurs through their marketplace, Cameo makes money. As was previously said, the majority of the company's revenue comes from short-form videos made by celebrities. In June 2020, Cameo expanded their product portfolio by two more items. At first, customers can purchase 10-minute Zoom calls with their preferred celebrity. These typically cost two to three times as much as a video.
Through a different product, customers can even get in touch with a celebrity of their choice. A message can only be 250 characters long. These programs are a part of a bigger attempt to make the platform more engaging. Users rarely visited Cameo again because it was primarily a transactional platform. Similar to social networks like Instagram, the goal is to get users to return to the platform for a variety of purposes, including validation, enjoyment, or to complete a purchase.
Conclusion
The Cameo network included 30,000 creators, and more than 150 of them made more than $100,000 annually. The Office actor Brian Baumgartner, who played Kevin Malone, would be recognized as the performer with the biggest box office take. In 2020, he earned more than $1 million via cameo shout-outs.
