Aspiring entrepreneurs frequently approach me personally being an angel investor, touting their innovative concept for still another online site that is dating. We agree the necessity exists, with more than 91 million interested singles between the chronilogical age of 19 and 45 all over the world. Yet very little one in e-commerce makes hardly any money, I see since it comes with a larger list of challenges than most other opportunities.
Therefore, we encourage you to definitely evaluate these challenges as truth checks on your own business concept — dating or elsewhere — before spending all of your some time some body money that is else’s vain.
1. The marketplace has already been oversaturated with competitors.
Based on data, there are many more than 5,000 online dating sites global with 1,000 brand new people appearing each year. In the event that you look at your market on Bing and locate figures like these, it is advisable to try to find another possibility where in fact the quantity of rivals you’ll find is not as much as 10.
2. This company is suffering from the ‘Facebook model’ startup issue.
Numerous online business offerings, like this 1, require thousands or an incredible number of current users before brand brand new users and advertisers have an interest to pay for money that is real https://datingmentor.org/. 继续阅读8 Reasons Online Dating Services Are A Definite Business Dead End