What the other people are saying about "don't bother" and "get a whitelabel" is good advice for 99.9% of cases. But if you REALLY want to do this anyway then I say don't even bother trying to compete with MyFreeCams and go directly into Fetish Cams. We're talking things like jerk off instruction, dominatrices, knee high boots, nurse outfits, cheerleaders, lesbian domination (two young ladies taking requests for what to do) and that kind of thing.
Do that and then open up an affiliate program WITHOUT THE GAMES or the usual bullshit (14 day cookies, 80% shave, 180 day holds, bullshit chargebacks) and pay 10-15% lifetime honestly. Put up at least some minimal promo content (again no bullshit games like your url all over it) and I'll send you so many good leads you'll be shocked at how well they convert. There is a real lack of this and real opening for it. Kink live isn't any good for most affiliates who report 1:20000 ratios which is impossible. Do it right and it'll work. If you do it, send me a PM when you're able and you have it up and I'll promote you full time as long as it seems like you're giving me a fair shake. I have shit loads of targeted traffic for this but with no good home.

It's fucking wasted right now because there is no one to send it to and the people who come the closest I no longer trust and I refuse to do that.
Completely serious here. If you have the capital and the drive, listen to me and I guarantee you'll get rich. The opening is there.