Online video streaming is now a billion-dollar industry. Now is the right time for entrepreneurs who wish to start a business in this lucrative platform. With a customizable app like Netflix from the right technology partner, earning revenue from the video streaming sector isn’t a herculean task anymore.
It may be Monday, but chances are, you’ve started to feel vexed by the monotonous work life. Fret not! Fret not! A well-deserved weekend is a few days away. Have plans for the weekend like an appointment with the dentist, cleaning your closet, going shopping at the nearby store? But do you think you will be able to complete every task on this list? I would say no.
Do you remember your last weekend which passed in the blink of an eye with you binging on Netflix? Of course, we can’t deny the fact that all our weekends begin and end with video streaming apps. I am not being judgemental; I too have impressive ideas of self-improvement and productivity at weekends, but when Friday rolls out, all my plans are doomed and sacrificed at the altar of Netflix.
Gone are the days where you had to schedule your timings to watch your favorite shows on TV. In the past, our elders used to tell us stories about how they waited for hours to watch TV serials and how they missed some of their shows only because of timings.
Here’s How Things Have Changed With Technology!
Technology has changed things, it saved us from a lot of mediocre and time-consuming stuff like washing laundry by hand, waiting hours for a taxi and so on. Now with the arrival of on-demand services, we can avail every service with a few taps from our mobile. By tapping a few buttons on an app, we can get food right at our doorstep. The video streaming industry is not an exception.
With the arrival of apps like Netflix, Hulu, YouTube and so on, watching our cherished videos online isn’t a problem anymore. Of all the apps, Netflix has become a household name for video streaming services. It is the dominating player in the market with 150 million subscribers. The company began as a DVD rental service in 1997 and has grown into a million-dollar business in a short span.
Success Recipe Unveiled!
Netflix consumes 15% of the global downstream internet traffic. Some of the pointers that have helped Netflix achieve the status of ‘legend’ in the market are,
- The company gives users the liberty to watch movies for free online during a trial period.
- Once they have subscribed to the service, they can watch unlimited content without any barrier.
- The app is designed in such a way that it works on mobile ecosystems like Android, iOS, desktops, tablets and so on.
- Users can download the content and watch them offline whenever they want.
- One of its greatest strengths is its ‘user-friendly’ interface.
- By mining data, Netflix identifies the likes and dislikes of users and uses it as constructive feedback to create a list of preferred videos that users would love to watch.
- Generous terms and conditions – Showrunners can stream their content without prior approval from the Netflix team.
- This gave rise to critically acclaimed series such as ‘House of Cards’, ‘The Crown’ and so on.
Threats and Risks
The growing updates and offers on other streaming services like Hulu and YouTube have attracted Netflix’s users and they have started subscribing to the former. Though Netflix established a firm foot, it has to take care of the recent technological advancements and its competitors in the field.
Be the Next Netflix!
The global video streaming industry is expected to reach $125billion USD by 2025 and an average consumer spends 40 hours per week in watching video content online. 70% of the customers have cut the cord and opted for a video streaming service in recent years.
It’s the right time to enter the online video streaming industry with an app like Netflix. Instead of creating an application from the ground up, getting a readymade app clone is a wise choice. Cloning an application is perfectly legal and it helps entrepreneurs save their time and money. Netflix clone apps are readily available in the market but finding the right replica solution provider is a tedious task.
While getting a Netflix clone, make sure to include the following advanced features to make your app a great hit in the market,
- Video management
Thousands of videos are uploaded on the website. Admins can easily manage the videos that are uploaded by the channel users. Admins can also remove videos that are reported by other users in the network.
- Category management
It helps the admin to keep the users organized in categories by sending messages to all the members of the team and department.
- Profile management
Users can create a profile of their own with their preferences. They can upload their profiles as per their convenience.
- Social media sharing
Users can share videos they like with their friends over social media platforms like Facebook, Whatsapp, and Twitter, etc. The links to all the social media platforms will be provided in the app.
With instant notifications, users never have to miss their favorite videos ever again. All the updates can be sent via a notification. They can watch their favorite TV shows from anywhere at any time with this feature.
Beware in finding the right app development company for your business. Make sure to get an easily customizable Netflix clone with additional unique paid plugins such as,
- Bitcoin wallet integration
- Adservice integration
- Custom video player
- Custom payment integration
- Promotion codes
This is the apt time to enter the industry with an advanced video streaming app clone. Enter the industry with an avant-garde software solution and start making money in no time.