In recent research, it has been found out that online videos will make 80% of internet traffic by 2022. Do you have the idea of starting your own video streaming service but having doubts like, will I be successful in my business venture?
The market is competitive with players such as Netflix, Hulu, Amazon Prime, and YouTube. You have to remember the fact any business can survive if it has the idea to captivate its customers. This is the secret behind every successful business. Services like Netflix and Hulu succeeded because they have something unique to offer.
Before starting a video-streaming business, you have to select a suitable revenue model for your business. Some of the popular revenue models are,
Subscription VOD
Transactional VOD
Advertisement-Supported (AVOD)
Hybrid VOD
Post selection of model, the next step is to concentrate on developing an advanced app for your business. You can get readymade clone apps instead of developing an app from scratch. Netflix clones are readily available in the market which lets you start your business venture in no time.
AppDupe, a leading app development company offers the best Netflix clone with advanced features such as,
Multiple social logins
User-friendly dashboard
Inbuilt video player
Advanced search options
Feature-rich admin panel
Admin managed blogs
You can visit their official website for more information.