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8 Reasons Online Dating Services Are A Definite Business Dead End

Saturday, August 1st, 2020

8 Reasons Online Dating Services Are A Definite Business Dead End

Aspiring entrepreneurs frequently approach me personally as an angel investor, touting their revolutionary concept for still another online site that is dating. We agree the requirement is offered, with more than 91 million interested singles between the chronilogical age of 19 and 45 all over the world. Yet very little one out of e-commerce makes anything, as it is sold with a bigger set of challenges than almost every other possibilities we see.

Hence, we encourage one to examine these challenges as truth checks on your own company concept — dating or else — before spending your entire some time some body else’s cash in vain.

1. Industry has already been oversaturated with rivals.

Relating to statistics, there are many than 5,000 internet dating sites global with 1,000 brand brand brand new people showing up on a yearly basis. I suggest you look for another opportunity where the number of competitors you can find is less than 10 if you check your market on Google and find numbers like these.

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 brand new users and advertisers have an interest to cover real cash. (more…)