Aspiring entrepreneurs frequently approach me personally as an angel investor, touting their innovative concept for yet another on line dating website. We agree the requirement exists, with more than 91 million interested singles between the age of 19 and 45 around the globe. Yet very little one in this business makes hardly any money, as it is sold with a larger set of challenges than almost every other possibilities we see.
Therefore, we encourage you to definitely examine these challenges as truth checks on your own company concept — dating or elsewhere — before spending your entire some time some body money that is else’s vain.
1. The marketplace is oversaturated with competitors.
According to statistics, there are many than 5,000 sites that are dating with 1,000 brand new ones showing up on a yearly basis. Continue reading “8 Reasons online dating services Are a Business Dead End”