MYM or Meet Your Model is a social network similar to Instagram that currently has over 8 million subscribers. Although not very popular, this is what makes it so captivating; it is exclusively reserved for stars and public personalities. Through this network, fans can receive personalized posts and content from their idols. However, it is not free; you must subscribe to enjoy communicating with these models. So, how much does the MYM commission cost?
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What do MYM commissions include?
The motto of MYM is transparency. As such, all transactions and deductions are disclosed to the members. Since a company has expenses to pay, it is entirely normal for it to receive a share. What are the different fees?
- Bank fees;
- Commissions;
- VAT.
Bank fees
To avoid various payment issues that could affect members’ sales, the platform works with the best financial institutions. This does increase the cost slightly but ensures and secures all transactions. MYM seeks to reduce costs daily while maintaining the same quality of service. For your information, costs are reflected in the % of commission so you come out ahead!
The commissions and Mym percentage:
Once the various fees are deducted, MYM will pay these clients, which will come to:
- 75% of subscriptions, meaning MYM takes 25%;
- 80% of private media for you, which leads to a total percentage of 20% for MYM with these contents;
- 80% for each live broadcast, so 20% for MYM if your fans choose this service;
- And if you receive a tip, MYM will take 10% and you will then receive 90%.
From these figures, it can be seen that the remuneration of creator members of the platform is attractive compared to competitors, in addition to having other MYM advantages.
Interested in becoming a model to earn money?
The VAT
It is important to specify that the charged fees do not include taxes. Indeed, VAT is only paid after the invoice is sent. To determine your VAT, simply calculate the difference between what your fans paid, the amount you proposed, and what you receive.
It is important to note that these percentages are deducted from your total monthly income, and not from the content you share with your fans.
Why is this commission rate set on the platform?
The percentage allocated by the network is then used to maintain the site and pay various fees. Additionally, it also covers the different hosting costs on the site. The subscription amount is set by the creator or the individual in question and varies from 9.99 euros to 40.99 euros.
It is entirely possible to earn a small amount of money through this network. As long as you have a low profile, surpass it and/or use MYM to monetize your activity. Some stars have become millionaires thanks to the platform; you just need to know how to sell these services to later negotiate prices with fans.
Interested in becoming a model to earn money?
