Pros
You really ARE your own boss! Work from home, set your own schedule, create your own menu/prices, choose how and when you get paid. You can do just about anything on your show- from just giving a little "peak" of a body part to playing with adult toys. I've actually seen other models who just sit in front of the camera and talk while they eat dinner! It's great! I've also seen models who were grossly overweight and much, much older than me have some very lucrative shows. Compared to other webcam sites, Chaturbate seems to be the most user-friendly to me. It helps to have a consistent schedule, so people are used to when you'll be on and become "followers", but again, you set your own schedule, so that's really up to you.
Cons
Not Chaturbate's fault, but you have to be aware of scam artists. Don't fall for the "do something now and I'll pay you later" line. Protect yourself by only accepting tokens as payment, not Amazon gifts. You're labeled as a new model to viewers for about a week, and some of them like to take advantage of your newbie-ness.