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Believe it or not, porn is everywhere. It’s in people’s <a href="http://www.businessinsider.in/searchresult.cms?query=mobile+phones">mobile phones</a>, laptops, hard disks, and of course on the internet. It’s been mankind’s discreet sidekick for centuries, nurturing our voyeuristic side. Thanks to the <a href="http://www.businessinsider.in/searchresult.cms?query=taboo">taboo</a> and the stigma that comes attached to it, Indians would rather not discuss <a href="http://www.businessinsider.in/searchresult.cms?query=porn">porn</a> in an open forum and try and tuck it safely into the secret pockets of their lives. 
 
At a time when the country is torn with the porn controversy, Business Insider India digs into the dynamics of this ingeniously sneaky trade to find out how it really works. 
 
For starters, porn statistics are notoriously hard to get hands on. Judging by the fact that many of these enjoy over 5 million hits per month, one can safely presume they are making serious moolah. 
 However, when you turn to a porn site, its free content, and most ads you see are of other <keyword id="51057" type="PERSON" weightage="20" keywordseo="porn-sites">porn sites</keyword>. Also, after piracy hit online porn hard and the recession struck harder in 2009, most adult <a href="http://www.businessinsider.in/searchresult.cms?query=movie+producers+">movie producers </a>admitted that profits have tanked 30-50%. So how did they stage a comeback, and how are they making any <keyword id="6354840" type="UNKNOWN" weightage="20" keywordseo="money">money</keyword> now? Let’s decode the financial model of the porn industry. 
 
How big is it? 
Porn is worth over $100 billion globally – that’s bigger than some of the biggest corporations across the world. Around 10% of that comes from the US alone; however the numbers are shrinking, thanks to free porn. However, just to give you an idea, there are 25 million porn sites worldwide and they make up 12% of all websites and over 30% of all web traffic. Around 11,000 hard-core porn movies are shot annually at the global hub for porn - California's infamous <a href="http://www.businessinsider.in/searchresult.cms?query=San+Fernando+Valley">San Fernando Valley</a>, where porn as we know it was born. 
 
However, the 2009 recession left this industry helpless, thanks to <a href="http://www.businessinsider.in/searchresult.cms?query=piracy+">piracy </a>and tanking <a href="http://www.businessinsider.in/searchresult.cms?query=DVD">DVD</a> sales. A mid-sized adult entertainment would cash in around $350,000 a month in DVD sales before the recession, and the figures dropped as much as 50%. However, the numbers are recovering, and with more diverse mediums to choose from, the industry has been forced to innovate. 
 
But it’s all free! 
Contrary to public perception, free porn may be more widely available, but it forms a small part of the entire gamut of products the industry offers and the audience it caters to. Look beyond the ‘free’, and you’ll see ‘premium content’. These include HD videos, no ad/pop-up promises, unlimited downloads, online Live Cam streaming, and so on. Paid users can ask the website to deliver content to their email, or physical addresses. While you may never know, many do sign up for it as they like the convenience it offers. 
 
But how do they earn? 
The allure really is that subscriptions offer priority access to new content from your favorite ‘star’ that would take months to seep into the free world. There is also the allure of personalized sex toys that offer the experience of being with your favorite star, adult chat rooms and dating sites. These premium services come at a cost, and when millions sign up, it’s a profitable business to be in. 
 
 Porn sites are also smart. They offer a wide range of payment options to choose from daily, weekly, monthly, quarterly and even yearly. Just like your common newspaper/magazine subscription, the longer you sign up for, the more discounts you get offered, and the more your brand loyalty increases. These subscriptions cost anywhere from $1-15 a day. While it might be too much for you for a mini bathroom session, there are millions who sign up for it. 
 
While a website may earn primary from subscriptions, it also cashes on man’s primitive lust for flesh. It makes money off traffic from other similar websites which it redirects. That explains why you only have porn ads on porn sites. These ‘similar services’ refer to adult dating sites, online adult stores, enhancement drug stores, adult gaming sites and so on. This forms a intricate and complex nexus of websites, all making money off each other, and cashing on your instincts, and that is what funds the ‘free mini clips’ you get to see. What to see the full video? Pay up. 
 
To give a sense of the traffic, Xvideos, world’s biggest porn site enjoys 4.4 billion page views and 350 million unique visits every month. If Google data is anything to go by, the other four of the top five porn sites combined enjoy more traffic than Wikipedia (take that!). 
 
How else do they make money? 
3D porn has also made a red carpet debut onto the global porn arena. With TV companies going bonkers over their latest 3D TVs and Smart <a href="http://www.businessinsider.in/searchresult.cms?query=LED+screens">LED screens</a>, some of the more mature porn markets are ready to pay for 3D porn that’ll give you the sense of…of…ahem ahem. Anyway, these leave you poorer by around $10 or more, and there are people queuing up to pay. Porn sites had the foreboding that DVD sales would wane, and have also rolled out ‘video on demand’ services to adapt to the transforming user-base. 
 
Also, there are the actors, and the loyal fan-base they come with. While we don’t have any such event in India, in the US, UK, Australia and many other places special events are held where you could get to meet your favorite porn stars, click a selfie, and if you’re really polite and nice, even get to touch a body part. Passes to these shows are of course not free. There are also porn award programmes and the TV viewership they garner. 
 
Last but not the least are the major hotel chains like Marriott, Hilton and Westin to name a few. These bring serious money to the industry without ever a mention of the same in their official reports. Adult titles are available across the world as ‘in-room entertainment’ in most countries around the globe and a fare share of the money hotel guests pay goes to the studios. 
 
 Consider this reach across genres and the millions of independent artists who run their own websites (it costs nothing really, just a cam and a few spare dollars), and you might get an idea of how big this business actually is. 
 
However, the unwillingness to pay to have a good time is what is biting at the knees of this burgeoning industry. A lot of commercial porn studios blame the tube sites pick up ad revenue from page views. Fact is these sites at least pay royalty for the free porn billions view. 
 
Long story short, while the adult industry is not a license to mint money anymore, but where there is loyalty, there is money, and human lust never comes with a recession. 
 
Image credit: Indiatimes

This is how porn sites make money

Everyone wants to become rich as early as possible but what they lack is patience. Many people take the fast lane to build <keyword id="6383453" type="ORGANIZATION" weightage="20" keywordseo="Wealth">wealth</keyword> and many others adopt the slow lane. Both lead to wealth creation and <keyword id="25450" type="UNKNOWN" weightage="20" keywordseo="savings">savings</keyword> but many have argued that slow lane is better as you save more. In order to retire rich, you have to adopt one habit-saving. We all are aware that adopting tiny habits in our routine life helps us in living better lifestyle. Habits change the way we live and shape us as better human beings. If you want to change something in your life, start by making a simple step as a habit, just like <keyword id="4488107" type="UNKNOWN" weightage="20" keywordseo="chris-reining">Chris Reining</keyword> did. He used to send an automated mail to himself every morning which reminded him to greet everyone. This habit changed several things in his life. Another habit that changed his life forever is money related. By adopting this tiny habit, he saved millions and retired as a millionaire at the age of 37. In his <a href="https://chrisreining.com/tiny-habit/" data-type="tilCustomLink">blog</a>, Reining spoke about ‘hyperbolic discounting’ that helped him save money and retire rich. He says humans are wired to think about short-term gains than long-term and in order to become wealthy, this needs to be changed. Reining said one tiny habit to save wealth is -automating your money. “What you do is have money automatically sent from your paycheck to your retirement account. I recommend investing 10% of what you earn, which means the remaining 90% of your income goes to your bank account. But you can start with as little as $50. The key is to start saving for retirement rather than doing nothing because you’ll be better off than mostly everyone else,” suggests Reining. You can set up automation for how the money in your bank account gets used. You can divide your paycheck in three parts-Credit Card, Rent and Savings. Each month you can automatically pay your student loans, credit cards, and rent. You can automatically set aside money each month for savings. “I automated my money years ago and the benefit is I don’t have to make decisions about where my money should go,” he said. Reining became financially independent at 35 and then retired at 37.

This one tiny habit can help you save millions

You can be wealthy too, if you don’t let money control you. The thing about rich people is they know how to control money, which is one of the keys to become filthy rich. 
 Billionaires like <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>, Bill Gates, Warren Buffet, etc have been raking in money and have been wise about spending and using it. They don’t make silly <keyword id="2032735" type="UNKNOWN" weightage="20" keywordseo="money-mistakes">money mistakes</keyword>, which general people often do. 
 
You have to be the captain of your own ship and in order to become filthy rich, you have to stop making certain money mistakes. 
 
These are the 7 silly money mistakes that rich people don’t make and you should avoid them too

These are 7 silly money mistakes rich people don’t make

Whatever be the domain in which you are interested, there are some common steps to start and run your business online successfully. Here is a set of seven sequential steps to starting your own online business. Watch Prajakta Koli and Armaan Malik share their experiences with YouTube program and you can also <keyword id="7654670" type="UNKNOWN" weightage="20" keywordseo="make-money-online">make money online</keyword> on YouTube. <div type="Video" msid="69524285" hostid="261" title="How To Make Money On YouTube | Prajakta Koli, Armaan Malik, Sucharita Tyagi | What’s What Ep 2" dataSource="BUSINESSINSIDER" thumbUrl="https://denmark.timesinternet.in/cmslite/api/app/images.jpg?msid=69524285"></div>
 Identify a need and check how you will fulfill it The right approach to starting a business is to find the market and then look for a product. Most people do the common mistake of first making a product and then searching for the market. When you first start with the market, you get to maximize the chances to make your business succeed. Identify a group of people who are looking for a solution to a problem but do not find any results. The internet makes conducting such surveys easy. Online forums are potential avenues to check what questions people ask and what problems they look forward to solving. Do keyword research and discover the keywords that many people are searching. It is highly useful to find those keywords for which many sites are not competing. Also, check out who are your potential competitors. Visit their sites and try to find out what they are doing to solve the problems they have identified in the market. You can then use the knowledge you have gathered to create a product for the market that exists. Spare efforts to do better than the existing competition. Write about your product and make your website Make a headline that will arouse the interest of your visitors online. Describe how your product will solve their needs or problem. Give testimonials from people who have already used your product. Talk about your product, make an offer and describe how your product will benefit the user. Make offers, guarantee the results and create urgency. This will make the ground for a potential sale of your product. State the unique points about your product and then create a website to publicize your product. Keep the website simple and ensure that it is customer friendly. Make use of the search engines to drive traffic to your website PPC advertisements show up on the search pages at once when the users are searching for something. PPC lets you test different headlines, keywords, selling strategies and prices. You get immediate traffic and you can also use your PPC advertisements to find out the keywords that ensure the best conversion rates. Make the best use of these keywords in your code and copy and work for getting better ranking for your site on the search engines. Adopt strategies like email marketing, back-end sales and upselling Opt-in lists help you create the most valuable assets to your online business. You have obtained the permission of your visitors to send emails. You have developed lifetime relationships with them and you can measure the responses 100 percent. Since email marketing is highly targeted, it is simple and cheaper too than other kinds of marketing strategies. Following up with your customers will maximize your chances to sell repeatedly. Backend selling and upselling are some useful strategies that will let them buy from you once again.

How to start a Business and make money online in India

Facebook reveues reached USD 17.93 billion in 2015, up from USD 7.87 billion in 2013! And this year, Facebook with its 1.59 Billion Users has humongous target to achieve. 
 
But everytime you login and engage yourself in chitchat and liking other’s posts, did you ever think how does this entity earn money? 
 
Here's how they do

How does Facebook make money?

Easiest ways to raise capital for your startup this 2017 
Any entrepreneur will let you know that raising money can be the hardest piece of starting your own business. While the competition for funds slowly builds every day, your odds of securing investors turn out to be fundamentally thin. Obviously, finding an investor isn't unimaginable. 
 
Here are a couple tips to raise capital this 2017 
 
Your money 
Tap into savings, home equity, or retirement accounts. It's risky, but don't expect that others will invest in your startup if you haven't put some of your own money in. Educated investors need to see founders show certainty with cash. They support entrepreneurs with more than "simply" sweat equity in the game. 
 
The Crowd Game 
An entrepreneur will set up a detailed description of his business on a crowd-funding platform. He will specify the goals, plans for making a profit, how much financing does he require and for what reasons, and so forth and after that consumers can read about the business and give money on the if they like the idea. Those giving money will make online vows with the guarantee of pre-buying the product or giving a donation. Anybody can contribute money toward helping a business that they truly believe in. 
 
The "Co" 
An alternative and more effective approach is to find a co-founder who has complementary capabilities in light of the business model you need to implement. In this manner your new venture would be more independent and would require you to hire less individuals right off the bat. If you are starting a technology company, ensure the founding team has solid technical skills. If the consumer space is of interest, make sure you have marketing experience. The core functions of your business should be secured by your founding team 
 
Toward the day's end, equity capital, or venture capital, is the most costly kind of capital you can raise. So just raise what you need and ensure you realize what will you use it for-- before you take it on.

Easiest ways to raise capital for your startup this 2017

Not having the capital needed must never stop you from realizing your entrepreneurial dreams. A clear vision of the right kind of strategies and confidence as your two wings, you can achieve a lot. Once you have covered them, getting the funds to support your dreams might not be as difficult as it might sound. Here is a step by step guide to starting your own business without money. Stay in your present job You will need a steady source of income before you can start your business. Never qit your present job before you are settled with your business. This approach will make you feel more secure and avoid the risks on the move. Spend some extra hours and work harder towards the transition. Develop a business idea The first step to becoming an entrepreneur is to work on a business idea. Before getting started, there are several steps you will have to take. However, developing a unique idea and finding out what value it will generate depending on the demand for it among the target audience will help determine if your idea will work. Identify the challenges Make a thorough market study and find out the competition. Look at the trends and find out the challenges your business might face. In the next step, decide how you will address those challenges and remain profitable. Find out your capital needs Find out how much capital you will need to start your business. Unless you have evolved a realistic valuation of your business, you cannot impress the investors and invite them to fund your business. Before working on how to raise the money, you must first evaluate the funding needs. Decide how much you will need to get started and how you will pool the finances. Raise the capital Crowdfunding platforms have helped a lot of entrepreneurs get the funding necessary for their business startups. Get people to invest in your business. Find out the right people who can help you out. Make the best use of social networking sites and online forums to discover some useful resources and tips to get your business to life. If you can impress some investors with your ideas, you will find generating the capital for your business easier than you had imagined. Make a trial run It is necessary to ensure if your business idea is unique. A trial run will help you develop the confidence needed and also mitigate the risks. They also help you take your ideas to the next level. Give away some freebies to select people in your target audience and check their response. The trial run helps you develop some useful insights about your business. Also gathering some reliable feedback will help you gain more knowledge on perfecting your business idea. Secure a loan if needed There are several avenues to securing small business loans. These programs aim at helping the first-time entrepreneurs to set up their business. Check if you meet the criteria specified by the loan granting agencies and qualify for a small business loan that can help you get started with your business.

How to start a Business without Money

<ul class="summary-list"><li>To make money on the side, you'll first want to figure out exactly how much money you want to make, and how much time you plan to spend doing it.</li><li>You might also want to consider <a href="https://www.businessinsider.com/best-side-jobs-to-make-extra-money-2018-7">choosing a side job</a> that uses the skills you have from your primary job, so you don't have to learn something new.</li><li>Once you decide what you want to do, it's up to you to keep on top of payments and taxes, to put the money you earn toward your most important goal, and to reassess regularly to <a href="https://www.businessinsider.com/side-hustle-waste-of-time-2019-2">make sure you're getting what you want</a> from your <keyword id="2873884" type="PERSON" weightage="60" keywordseo="side-job">side job</keyword>.</li></ul>Making money on the side — or having a <a href="https://www.businessinsider.com/easy-side-hustles-paid-student-loan-debt-2019-6">side hustle</a>, if you will — has become an industry in its own right.With student loan levels at all-time highs and an increasingly competitive job market, bringing in a little extra bacon with a side gig is a great way to stay on top of bills, pay down debt or, if you're lucky, help fund some of your dreams, like that European vacation, or a down payment on your first house.If you're interested in making some money on the side, here's how to go about it:<h2><keyword id="9789094" type="UNKNOWN" weightage="60" keywordseo="how-to-make-money-on-the-side">How to make money on the side</keyword></h2><h3>1. 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Plenty of websites allow you to search for jobs that would make good side options, and most even vet out any possibilities of scams, so you don't have to worry about that, either. <a href="https://www.indeed.com/find-jobs.jsp">Indeed</a>, <a href="https://www.monster.com/">Monster</a> and <a href="https://www.flexjobs.com/">Flexjobs</a> are all good places to start. You may also want to consider task-related jobs that are usually very flexible, like becoming a driver with <a href="https://www.lyft.com/drive-with-lyft?utm_source=google&amp;utm_medium=cpc&amp;utm_campaign=PAID_DAX_SRCH_US_DEN_WEB_DESK_BRND_LYFT_EXACT&amp;adgroup=become-lyft-driver_NA_NA&amp;utm_term=become%20a%20lyft%20driver&amp;device=c&amp;matchtype=e&amp;targetid=kwd-297363165589&amp;loc_physical_ms=9028710&amp;loc_interest_ms=&amp;network=g&amp;devicemodel=&amp;adposition=1t1&amp;campaign_id=1401312708&amp;ad_id=338478923230&amp;adgroup_id=55309829956&amp;placement=&amp;ref=DEN155013030P&amp;adname=AC-AG-AdRel-BRND-V7&amp;gclid=EAIaIQobChMI3Z_N0drf4gIVm7fACh3smAqpEAAYASAAEgJ3ffD_BwEel-BRND-V7&amp;gclid=EAIaIQobChMI3Z_N0drf4gIVm7fACh3smAqpEAAYASAAEgJ3ffD_BwE">Lyft</a>, completing chores for <a href="https://www.taskrabbit.com/?utm_source=pd_search&amp;utm_medium=ggl&amp;utm_campaign=Google_Search_Denver_Brand&amp;utm_content=9092997096&amp;utm_term=taskrabbit&amp;gclid=EAIaIQobChMIgbyax9rf4gIViLbACh3NygUEEAAYASAAEgJXifD_BwEEEAAYASAAEgJXifD_BwE">TaskRabbit</a>, or walking dogs with <a href="https://www.rover.com/?utm_medium=cpc&amp;utm_source=google&amp;utm_campaign=1413234866&amp;utm_content=60339143456_300623939434_EAIaIQobChMIifb84Nrf4gIVyMDACh1bsgMCEAAYASAAEgIc0fD_BwE&amp;utm_term=rover_e&amp;adwordslocation=9028710&amp;gclid=EAIaIQobChMIifb84Nrf4gIVyMDACh1bsgMCEAAYASAAEgIc0fD_BwEbsgMCEAAYASAAEgIc0fD_BwE">Rover</a>.<h3>6. Make yourself invaluable</h3>Once you decide to pick up a side job, the only way to really become profitable is to commit to it. Just like with your regular job, by making yourself invaluable to your side job customers, you'll be ensuring a steady stream of work for the foreseeable future. That means making deadlines and going above and beyond what's asked.<h3>7. Keep track of your payments and expenses</h3>Picking up a side job can become overwhelming quickly, if you aren't organized. Be sure to stay on track of the hours you're working and your income, and follow up promptly with any payments that don't come through when they are supposed to.Make sure you discuss with an accountant whether or not you need to make quarterly tax payments, as well as how much you should be saving from each paycheck to do so, if your taxes aren't taken out for you. Discuss any new things that might become write-offs, as well, like any equipment you need to purchase for your side job, or any classes you take to increase your skills.<h3>8. Be purposeful with your new income</h3>There's likely a reason that you wanted to use your free time to make some additional cash. Whether that was making more payments towards your student loans or other debts, or saving up for a down payment on a house, or to put towards a trip, put actions into place to make sure you don't spend that hard-earned money elsewhere. It's easy to do so if you set up direct deposits or automatic payments.<h3>9. Set a timeframe to reassess</h3>Give yourself some time to get adjusted to the side job you go with, but set a reminder to reassess in six or 12 months to see how things are going. Are you making as much as you'd hoped? Are you stressed out attending classes and working two side jobs? Have you become so wildly successful at your side job that you could maybe consider making it full time? Whenever you're dealing with your financial goals, it's always a good idea to reassess occasionally and to make any necessary changes to meet your goals while staying sane in the process.Related Content Module: More <keyword id="35448" type="ORGANIZATION" weightage="100" keywordseo="personal-finance">Personal Finance</keyword> Coverage

How to make money on the side, no matter how busy you are

Going the <a href="http://www.businessinsider.in/searchresult.cms?query=startup">startup</a> way is riskier but more straightforward than working a job. Here there’s no boss to decide what happens to you. You’re the boss. There are just 4 people who matter- you, your customers, your investors, and your co-founder. 
 
BI India lists how making money looks to <a href="http://www.businessinsider.in/searchresult.cms?query=startup">startup</a>s (with some help from the guys at Funders and Founders): 
 
· Find a product (or idea) that is popular but not yet perfect 
· Buy one and study it in detail 
· Figure out how to improve it 
· Make a prototype 
· Show the prototype to 100 people 
· Remake it until people are willing to pre-order (for example on Kickstarter) 
· Find a co-founder who can build it with you 
· Split the equity – give your co-founder 50%, but use a vesting agreement so that their share becomes worth more the longer they work on the company 
· Find an investor. This can be a person who has a lot of money (an angel investor) 
· Give her or him 10% of your company 
· Make the product 
· Sell your product to 1 Million people 
· Get more money (this time from VCs) 
· List your company on stock exchange (this is after you’ve either raised a lot of money or have a lot of revenue, or better yet profit) 
· Sell a lot of shares when you list on <a href="http://www.businessinsider.in/searchresult.cms?query=stock+exchange">stock exchange</a> 
· Then just wait out the cooling off period (about 6 months) and you will have your money 
 
Image credit: Funders and Founders

This is how startups make money

<div class="KonaFilter image-container display-table"><div><div class="image on-image">YouTube/Linus Tech Tips</div></div></div>Welcome to Crypto Insider, Business Insider's roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up <a href="http://e.businessinsider.com/join/crypto-insider?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">here to get this email delivered direct to your inbox</a>.A new company that lets people mine cryptocurrencies through a subscription service has announced plans to list on the London Stock Exchange, a first for the exchange.Argo Blockchain said in a statement on Monday that it hopes to raise 20 million pounds in the listing and expects to be valued at around 40 million pounds.<a href="https://twitter.com/AdHocEmilie/status/1006197163125288960"> Argo says it will be the first crypto-mining company to join London's stock market.</a>Here are the <a href="http://markets.businessinsider.com/cryptocurrencies?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">current crypto prices:</a><a href="http://markets.businessinsider.com/cryptocurrencies"><div class="KonaFilter image-container display-table"><div><div class="image on-image"><a href="http://markets.businessinsider.com/cryptocurrencies">Markets Insider</a></div></div></div></a>In the news:<ul><li><a href="http://markets.businessinsider.com/news/A-crypto-mining-company-is-listing-on-the-London-stock-market-1026832929" target="_blank" rel="noopener">A crypto mining company is listing on the London stock market</a></li><li><a href="http://markets.businessinsider.com/news/A-small-startup-is-developing-a-tool-to-make-money-from-insane-cryptocurrency-spreads-and-hedge-funds-are-interested-1026830174" target="_blank" rel="noopener">A small startup is developing a tool to make money from 'insane' cryptocurrency spreads - and hedge funds are interested</a></li><li><a href="http://markets.businessinsider.com/news/A-hacker-made-120-000-hunting-for-bugs-in-the-flawed-software-of-a-cryptocurrency-startup-that-raised-a-record-breaking-4-billion-ICO-1026819666" target="_blank" rel="noopener">A hacker made $120,000 hunting for bugs in the 'flawed' software of a cryptocurrency startup that raised a record-breaking $4 billion ICO</a></li><li><a href="http://www.businessinsider.com/fidelity-the-conservative-wealth-management-firm-shut-down-a-crypto-fund-after-a-slew-of-bitcoin-staff-departures-2018-6">A crypto prop fund at Fidelity shows how the money manager is surprisingly one of the most active Wall Street firms in bitcoin</a></li></ul>New to Crypto Insider? Business Insider has a ton of articles to get you caught up to speed, including:<ul><li><a href="http://www.businessinsider.com/tech-finance-coinbase-buy-sell-trade-bitcoin-app-coinbase-2017-1?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">How to buy and sell major cryptocurrencies using Coinbase on your iPhone</a></li><li><a href="http://www.businessinsider.com/how-to-buy-ripple-xrp-a-step-by-step-guide-2018-1?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">How to buy Ripple's XRP</a></li><li><a href="http://www.businessinsider.com/finance-veteran-matt-hougan-explains-why-wall-street-isnt-diving-into-bitcoin-2018-2?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">An ETF veteran who ditched Wall Street for crypto explains how bitcoin can fit into a portfolio</a></li><li><a href="http://markets.businessinsider.com/cryptocurrencies?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">Track the price of nearly two-dozen cryptocurrencies here</a></li></ul>What other questions do you have about crypto? Ask them in Business Insider's <a href="https://www.facebook.com/groups/BI.CryptoInsider/" target="_blank" rel="noopener">Crypto Insider Facebook group</a> today to discuss with readers from all over the world, as well as BI editorial staff. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/spyce-restaurant-uses-robotic-kitchen-cook-food-three-minutes-fast-casual-boston-2018-5">Four MIT graduates created a restaurant with a robotic kitchen that cooks your food in three minutes or less</a></h3> <div> </div> </div>

CRYPTO INSIDER: London's stock exchange is getting its first mining company

How BTS makes and spends their money

<ul class="summary-list"><li><a href="https://www.businessinsider.com/category/bts">BTS</a> is the <a href="https://www.forbes.com/profile/bts/?list=celebrities#3581b3e39667">highest-paid K-pop group</a>, earning $57 million in pre-tax income in the last year, according to Forbes.</li><li>Most of that fortune comes from their <a href="https://www.businessinsider.com/bts-world-tour-opening-concert-seoul-photo-report-2018-10">"Love Yourself: Speak Yourself" world tour</a>, in addition to their album sales and brand deals.</li><li>The group is worth <a href="https://www.scmp.com/news/asia/east-asia/article/2178540/bts-billions-k-pop-superstars-worth-more-us36-billion-year-south">$3.6 billion to South Korea's economy</a>, contributing to a surge in tourism and increasing the appeal of South Korean products. They're expected to bring in $37 billion over the next 10 years according to the Hyundai Research Institute. </li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's page for more stories</a></li></ul>Following is a transcript of the video.Narrator: BTS is the biggest name in South Korea right now.Jimmy Fallon: Please welcome BTS.Alex Pall: BTS.Emma Stone: BTS.Stephen Colbert: BTS.James Corden: BTS.Narrator: BTS is the first group to have three No. 1 albums in a year since The Beatles. And their music video for "Boy With Luv" smashed the record for the most watched YouTube video in 24 hours when it was released in April 2019. Forbes listed the group on its Celebrity 100 list of the world's highest-paid entertainers of 2019. Ranked at No. 43, they earned $57 million in pre-tax income in the last year. A majority of those earnings came from their "Love Yourself: Speak Yourself" world tour, which grossed $44 million from just six US stadium shows. And that is only part of their fortune. Here's how the members of BTS make and spend their money.BTS amassed their fortune through their music, album sales, concerts, merchandise, and brand deals. Their April 2019 album, "Map of the Soul: Persona," sold nearly 3.4 million copies within a month and set a record high in South Korea. They've also landed endorsement deals and partnerships with brands like Coca-Cola, Hyundai, and Puma. The group seems to turn anything they touch into a major success. In 2018, Hyundai made them global brand ambassadors for its new Palisade SUV. BTS released two concert films that also contributed to their cash flow. Their 2018 movie, "Burn the Stage," grossed over $20 million worldwide. And their most recent film, "Love Yourself in Seoul," brought in over $10 million during its January 2019 release.BTS is worth over $3.6 billion a year to South Korea's economy. They increased South Korea's popularity, contributing to a surge in tourism. An estimated 800,000 tourists reportedly chose South Korea as their travel destination because of BTS. Their popularity also boosted the appeal of South Korean products, such as clothes, cosmetics, and food. EBay in particular saw an increase in merchandise sales thanks to BTS. EBay Korea said in April 2019 that sales had risen by more than 50% since the previous April. The country now has at least a billion dollars' worth of consumer exports associated with BTS. And they're projected to bring in an economic value of $37 billion over the next 10 years. Talk about being a national treasure.K-pop isn't new to the world. Back in the late 2000s, before BTS debuted, many groups were slowly paving the way for the genre's growing popularity. BTS was formed by a company called Big Hit Entertainment. But in 2007, Big Hit almost went bankrupt. CEO Bang Si-hyuk managed to keep the company afloat with the success of previous K-pop groups he had managed. He formed BTS in 2010, and the group officially debuted in 2013. Because BTS struggled with media exposure in South Korea, they took a nontraditional marketing approach by connecting with their fans through social media, and they slowly built up a dedicated fan base known as the ARMY. Bang attributes BTS' success to the connection they share with their fans. This led to sold-out concerts, record sales, and being the world's most tweeted-about celebrities. Thanks to BTS, Big Hit Entertainment is worth an estimated $2 billion. And Bang alone is worth $770 million. With his current fortune, Bang rented a $6.5 million mansion for BTS in Hannam the Hill, one of the most expensive complexes in South Korea.But how do the members of K-pop's richest band spend their money? Although they share a mansion, some of them still have their own apartments. Jin reportedly spent $1.7 million in cash on his apartment at Hannam the Hill. J-Hope and Jungkook also bought apartments in the Seoul Forest Trimage, known as one of the most luxurious apartments in Seoul. J-Hope bought his for a reported $1.6 million back in 2016, while Jungkook reportedly spent $1.74 million in cash when he purchased his unit in late 2018. Suga also bought a $3 million apartment in the Hannam district around the end of 2018.The boys are also known for their bold fashion and style. While it's common for celebrities to land sponsorships with luxury brands, BTS reportedly doesn't accept these kinds of deals, instead choosing the brands they actually want to wear. Some of their favorite luxury pieces come from Supreme, Gucci, Givenchy, and Mastermind, each ranging from hundreds to thousands of dollars. In addition to luxury living, some of the members have exotic pets. Jin currently has a leucistic sugar glider named Gukmul, which translates to "soup." Sugar gliders can cost anywhere between $100 to $5,000, and leucistic sugar gliders typically cost between $1,500 and $2,500. The other members have more common household pets. V owns the most pets in the group. He has four dogs and one cat. While he hasn't confirmed the breeds of his pets, fans speculate he has a teacup Pomeranian, a Korean Jindo, and a chinchilla Persian cat, all the expensive breeds. Suga also has a toy poodle named Holly. Toy poodles can cost thousands of dollars, depending on gender and coat.Although they have a lavish lifestyle, the BTS members are known for their humble personalities and don't publicly flaunt their fortunes. The members have donated to many charities, including food banks, animal shelters, and children's medical funds. And in 2017, they partnered with UNICEF to launch the Love Myself campaign, which is aimed at promoting self-confidence and ending violence. The campaign has raised over $1.4 million worldwide. And in September 2018, BTS became the first K-pop group to address the United Nations.

<ul class="summary-list"><li>Social-media influencer is a highly sought-after job these days, especially among Gen Zers.</li><li>The first step to becoming an influencer is posting consistently on apps like Instagram and TikTok.</li></ul>Social media has created many new ways to make money, and over the past few years, it has led millions of people around the world to become influencers.Platforms like TikTok, Instagram, YouTube, and Snapchat have opened up doors for individuals who want to switch careers, become full-time creators, or supplement the income from their 9-to-5 jobs.The most important step to getting started as an influencer is to pick a platform or two and begin posting consistently. While some creators eventually land on a specific content niche, such as fitness, beauty, fashion, or education, others post about many topics.Creator Ayomi Samaraweera gained hundreds of followers a few weeks after uploading her first TikTok when one of her videos about resigning and applying for new jobs went viral."It was a lot of trial and error in the beginning," Samaraweera previously told Business Insider. "I wasn't really thinking about a niche or how my content could be unique. I just posted what I felt like at the moment."<a target="_blank" href="https://www.businessinsider.com/tiktok-influencer-dm-email-template-brand-deals-jellysmack-career-consulting-02023-2?r=how-to-become-an-influencer">Read more about how Samaraweera became a full-time content creator and got her first brand deal with 2,000 followers</a>A steady posting cadence has even helped some creators successfully launch companies, like Nadya Okamoto, who founded the period-care brand August in 2021. She first grew her TikTok following rapidly by posting 100 times a day about menstrual hygiene and her experience in reproductive healthcare."To me, the TikTok algorithm is like a lottery," she previously told BI. "The more lottery tickets you put in, the more chances you have of winning or, in this case, going viral."<a target="_blank" href="https://www.businessinsider.com/how-to-grow-your-business-on-tiktok-period-product-august-2022-6?r=how-to-become-an-influencer">Read more about how 2 Gen-Z entrepreneurs leveraged TikTok to launch and grow a period-care startup</a>Here's exactly how to become an influencer and start making money:<h2 id="5fe3d16c-4fb8-45d2-b89c-73c487eef3c9">How many followers you need to be an influencer</h2>Most brands take an influencer's audience size into account when considering them for a paid collaboration. As a result, influencers are categorized based on their follower count.<a target="_blank" href="https://www.businessinsider.com/how-instagram-nano-influencers-make-money?r=how-to-become-an-influencer">Nano influencers</a> have only a few thousand followers, under 10,000, but can still partner with many different brands. California-based creator Stacy Kim had only around 4,200 followers on Instagram but landed more than 40 paid partnerships in over a year and a half with companies like Samsung and Clinique."My engagement on posts is really high, and I heard that most brands care more about that than the number of followers you have," she previously told BI.<a target="_blank" href="https://www.businessinsider.com/media-kit-nano-influencer-brand-deals-instagram-pitch-2023-2">Read more about how the nano influencer pitches sponsorship deals</a>The next category, <a target="_blank" href="https://www.businessinsider.com/how-to-reach-out-to-brands-as-micro-influencer-templates-to-use?r=how-to-become-an-influencer">micro influencers,</a> are classified as social-media users with between 10,000 to 100,000 followers. For many brands, this is the preferred tier of creators to work with because they have a highly engaged audience but charge a lot less than celebrities or very well-known social-media personalities.Maesha Shonar, a micro influencer with 24,000 followers on Instagram, previously told BI she had such a highly engaged audience. To stand out to brands, she created a pitch proposal, which outlined two sponsorship options the brand could choose from — each with specific timelines, deliverables, and rates — and case studies of her recent collaborations.<a target="_blank" href="https://www.businessinsider.com/pitch-proposal-document-media-kit-instagram-tiktok-brand-deals-outreach-2023-5?r=how-to-become-an-influencer">Read more about how the micro influencer gets brand deals</a>Influencers who have more than 100,000 followers are the next tier, followed by mega-influencers who have multiple millions.Fashion influencer Nate White has 1.8 million followers on TikTok and earned six figures in 2022 by collaborating with companies like Verizon and Amazon Prime."The money's changed my life," he previously told BI. "I've been able to move out from the hood where I'm from ... the kids in that neighborhood looked up to me and I miss that, but I did this for me."<a target="_blank" href="https://www.businessinsider.com/tiktoker-built-a-six-figure-income-brand-partnerships-no-agent-2022-9?r=how-to-become-an-influencer">Read more about how much the TikToker earns with 1.8 million followers</a>Meanwhile, YouTube star MrBeast, who has over 280 million subscribers, brought in $223 million in revenue in 2023 through various businesses, including his YouTube channels, sponsorships, and chocolate and snack brand Feastables.<a target="_blank" href="https://www.businessinsider.com/youtube-star-mrbeast-expects-700-million-revenue-this-year-2024-6?r=how-to-become-an-influencer">Read more about YouTube star MrBeasts' business empire, which he expects to generate $700 million in 2024</a><h2 id="8190a85f-34f7-4295-bdb5-916cabcdaff7">How influencers get paid</h2>After amassing an engaged audience, <a target="_blank" href="https://www.businessinsider.com/top-ways-to-make-money-as-content-creator?r=how-to-become-an-influencer">influencers can start making money</a> directly through their respective app's monetization programs, by creating sponsored content for brands, or through affiliate marketing, among other revenue streams.Pay can range from a few thousand dollars for an <a target="_blank" href="https://www.businessinsider.com/brands-pay-instagram-influencers-more-than-tiktokers-study-takeaways-2023-2?r=how-to-become-an-influencer">Instagram sponsorship</a> to six figures a year for a full-time creator, such as photographer and videographer <a target="_blank" href="https://www.businessinsider.com/tiktoker-influencer-tips-advice-reflections-learning-lessons-photography-filmmaking-video-2023-2?r=how-to-become-an-influencer">Tej Patel</a>, who made $100,000 in 2022 through his photo and video work, sponsorships, and the <a target="_blank" href="https://www.businessinsider.com/tiktok-end-creator-fund-after-three-years-influencers-mr-beast-2023-11?r=how-to-become-an-influencer">TikTok Creator Fund</a>, which has since been discontinued.<a target="_blank" href="https://www.businessinsider.com/how-to-reach-out-to-brands-influencer-collaboration-post-email?r=how-to-become-an-influencer">Brand deals</a> are one of the most popular ways to earn money as an influencer since companies are always looking for talent to help promote their products or services. Some brands have earned a reputation for rolling out <a target="_blank" href="https://www.businessinsider.com/brand-partners-influencers-creators-of-color-underrepresented-pay-gap-income-2024-6?r=how-to-become-an-influencer">more inclusive campaigns</a> by paying creators fairly and allowing more creative control.<a target="_blank" href="https://www.businessinsider.com/top-ways-influencers-find-brand-deals-key-takeaways-new-survey-2024-4">Take a look at new data on influencer brand deals in 2024</a>Platforms also pay creators based on their video views and engagement.In 2023, some creators earned tens of millions of dollars through TikTok's Creativity Program beta, <a target="_blank" href="https://www.businessinsider.com/tiktok-creator-rewards-program-challenges-google-search-youtube-2024-3">now dubbed Creator Rewards</a>, which pays influencers for TikToks over 60 seconds.<a target="_blank" href="https://www.businessinsider.com/how-much-tiktok-creativity-program-pay-creators-long-form-video-2023-8?r=how-to-become-an-influencer">Read more about how TikTokers can score huge paydays for longer videos</a>On Snapchat, creators have had success making money from its <a target="_blank" href="https://www.businessinsider.com/gen-z-creator-couple-snapchat-ad-revenue-program-income-2023-11?r=how-to-become-an-influencer">ad-revenue program</a>. In 2023, Gen-Z creator couple AJ and Grey made $84,000 and $21,000, respectively, from the program. The initiative allows creators with at least 50,000 subscribers on the platform to make money through the ads their followers are shown in between Snap stories.<a target="_blank" href="https://www.businessinsider.com/how-to-make-money-with-affiliate-marketing?r=how-to-become-an-influencer">Affiliate marketing</a> is another popular way to make money after becoming an influencer. This revenue stream allows creators to link to products or services they use, and if a follower buys it through their customized link, they earn a commission.In 12 months, influencer Janesha Moore made $100,000 just from affiliate links on platforms like Amazon, in addition to partnering with lifestyle and beauty brands. She also highlighted how it's easier for BIPOC creators like her to earn money through affiliate marketing than brand partnerships, where there is often a<a target="_blank" href="https://www.businessinsider.com/brand-partners-influencers-creators-of-color-underrepresented-pay-gap-income-2024-6?r=how-to-become-an-influencer"> pay disparity</a>."Affiliate marketing is such a powerful tool because everyone has the same percentage they make, so it's really just a matter of the strategies you put into place to make the money work for you," she said.<a target="_blank" href="https://www.businessinsider.com/how-influencer-makes-money-affiliate-marketing-programs-amazon-ltk-2024-2?r=how-to-become-an-influencer">Read more about how Moore got started with affiliate marketing and made over $100,000 in a year</a><h2 id="790576e6-0f40-4e04-a27a-f996c9745915">How to contact brands and get paid for sponsorships</h2>Email is how influencers usually first contact brands about working together. Most influencers who reach out to companies attach a media kit to display the value they would bring to a potential partnership. The document highlights information such as engagement analytics, audience makeups, and previous brand deals.<a target="_blank" href="https://www.businessinsider.com/influencer-media-kit-examples-for-brand-sponsorships-youtube-instagram-2020-5?r=how-to-become-an-influencer">Read more about how to create a media kit and see examples from influencers</a>Creator Paulina Perez landed more than 20 paid partnerships in a year with global companies like Skims, Olay, and Sephora, all thanks to the media kit she created. She previously told BI that she's been fortunate to collaborate with so many brands because of her unique niche as a Hispanic creator who also posts videos in Spanish, and many of them have turned into long-term relationships."I still work with a lot of the companies that first took a chance on me," she said. "I just charge them more now because my engagement is higher and my audience has grown."<a target="_blank" href="https://www.businessinsider.com/micro-influencer-media-kit-tiktok-instagram-brands-bilingual-latinx-creator-2023-3?r=how-to-become-an-influencer">Check out the full 2-page media kit Perez she uses to land brand deals</a>Many creators also use Instagram, TikTok, or LinkedIn to direct message influencer marketers at brands who are looking for potential talent. Samaraweera, the creator who scored her first brand deal with 2,000 followers, Instagram DMed software company Fishbowl to land her first paid sponsorship."Timing is everything, so keep a lookout for brands who start engaging with your content because it's more than likely they're looking to work with you," she said.<a target="_blank" href="https://www.businessinsider.com/influencer-templates-email-dm-brand-outreach-deals?r=how-to-become-an-influencer">See the email and DM templates influencers have used to reach out to brands</a><div type="image" title="Ayomi Samaraweera (middle)" height="878" width="1170" msid="111174334" hostid="261"></div><h2 id="9b75d2db-8a6e-4b50-9145-c67609d4dd91">How influencers find jobs and get advice from other creators</h2>Workplace communication platform Slack has surged in popularity in the past few years, so much so that those in the industry have started using the app to vent about their frustrations, land job opportunities, and connect with other creators, brands, and talent managers in the industry, with one labeling it a "gold mine" for opportunities."I had an influencer who really wanted to work with a certain brand, and I just asked in the channel and immediately got the contact info for the person in charge," talent manager Lissette Calveiro previously told BI.<a target="_blank" href="https://www.businessinsider.com/influencers-brand-deals-ugc-slack-user-generated-content-2024-2?r=how-to-become-an-influencer">Read more about how influencers use Slack to get brand deals</a>Many creators have also launched their own apps to help influencers get paid fairly by brands, like Christen Nino de Guzman's <a target="_blank" href="https://www.businessinsider.com/content-creator-launches-app-to-address-tiktok-instagram-pay-gap-2022-1?r=how-to-become-an-influencer">Clara for Creators</a> and Samaraweera's <a target="_blank" href="https://www.businessinsider.com/start-business-after-being-laid-off-from-your-day-job-2023-3?r=how-to-become-an-influencer">Canopy for Creators.</a> These apps, which are free to join for users, help creators compare rates and negotiate higher compensation. Nino de Guzman said she launched the app to help show others how easy it was to become an influencer and make money from social media."It used to be a typical kind of person, usually a middle-to-high class woman blogger who had access to video equipment and was traveling, but now anyone can be a creator," she said.<div type="image" title="Christen Nino De Guzman, Clara for Creators" height="375" width="500" msid="111174246" hostid="261"></div><h2 id="f33d971a-9133-49d5-ae2a-fe2308285524">How to get a manager or publicist as an influencer</h2>Once an influencer becomes more popular online and amasses a large following, they can choose to hire a talent manager and publicist to grow their brands even more. Talent managers can help creators with anything from starting a new company to negotiating higher rates for campaigns to generating content ideas.Some talent management firms, like UTA or CAA, focus on representing the <a target="_blank" href="https://www.businessinsider.com/top-tiktok-managers-for-creators-power-list-most-influential-2023-7?r=how-to-become-an-influencer">most well-known social media stars</a> like Alix Earle. Others, like Kensington Grey and Society18, focus on <a target="_blank" href="https://www.businessinsider.com/bipoc-creators-influencer-management-firms-talent-agencies?r=how-to-become-an-influencer">creators from diverse and underrepresented backgrounds</a>.<a target="_blank" href="https://www.businessinsider.com/top-influencer-agents-managers-database-youtube-instagram-tiktok?r=how-to-become-an-influencer">Explore BI's database of talent management firms and agencies that work with influencers</a>Talent managers previously told BI that they often get hired after a creator explodes online or goes viral and the creator feels overwhelmed with the incoming messages and offers to collaborate."Reinforcing that there's a reason this happened to them, it's all positive and they're safe and everything's good — that's probably the most time-consuming part of that first couple months of when someone blows up," said Danielle Pistotnik, a talent manager at Select Management Group.Meanwhile, some influencers choose to hire publicists to help with their image, landing TV appearances or written features in prominent publications, and getting them on the list for exclusive industry events.<a target="_blank" href="https://www.businessinsider.com/top-publicists-pr-pros-for-influencers-in-creator-economy-2024-4?r=how-to-become-an-influencer">Read more about the top PR pros and publicists in the creator economy</a>

How to become an influencer and make money

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div></div></div>Webcam modeling, or "camming," has become a lucrative profession now that the internet has made it possible for anyone to make and sell porn from their homes. 
In his book, "<a href="http://www.amazon.com/The-Dark-Net-Jamie-Bartlett-ebook/dp/B00K0M6JQC">The Dark Net</a>," Jamie Bartlett explores, among other things, the large network of websites that allow amateur pornographers to upload explicit videos or perform live for a chatroom audience. We've highlighted some of the discussion below.
Websites like Chaturbate and WeCamGirls use a "tipping" system that lets viewers pay to see certain sex acts. The chatroom displays a tipper leaderboard, and the top tipper gets a prize. Big spenders are also listed as the cam model's "favorites." This system applies a soft competitive pressure on everyone to keep spending.
One UK-based cam model, Vex, tells Bartlett she can make in an hour what most people earn in a week.
Bartlett describes sitting in on one of Vex's sessions and seeing one viewer alone tip £500 ($782), which she shares with two models who perform with her. Vex claims the most she's ever made from a show is £1,000 ($1,500) and estimates her salary to be around £40,000 (about $62,600) per year. 
Viewers pay using virtual tokens which the website converts into dollars. Then, the website takes a cut before distributing the rest of the money.
Many models also have Amazon-like "wishlists" where fans can go and buy them things, whether it be a breast enlargement or a washing machine. Bartlett recalls finding one wishlist which included books of left-wing social criticism and a Black &amp; Decker Dust Buster. 
Unlike other sex workers, cammers typically work independently and in a safe place. 
As The <a href="http://www.nytimes.com/2013/09/22/technology/intimacy-on-the-web-with-a-crowd.html?pagewanted=all">New York Times</a> noted, however, cam models performing for a large online audience are sometimes blackmailed or threatened into performing acts they are not comfortable with. If they don't comply, they run the risk of having their real identity exposed to friends and family.
Another threat noted by Bartlett comes from internet "trolls" who try to identify camgirls and ruin their lives just for the fun of it. He describes one nightmare incident, in which one camgirl, Sarah, was asked to post naked photos of herself on 4chan: one with her first name written somewhere on her body, and another holding a bottle of any medication she was taking. 
As it turns out, Sarah had inadvertently provided enough personal information to allow 4chan users to track her down. Soon, her full name, address, and telephone number were revealed, and a fake Facebook account with all of her naked photos was made in her name. The account was forwarded to her family and friends, along with a message.
"Hey, do you know Sarah? The poor little sweetie has done some really bad things. So you know, here are the pictures she's posted on the internet for everyone to see."
<a href="http://www.amazon.com/The-Dark-Net-Jamie-Bartlett-ebook/dp/B00K0M6JQC">Buy Bartlett's book here to read more about the dark side of the internet</a>.

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