Aspiring entrepreneurs frequently approach me personally being an angel investor, touting their revolutionary concept for still another online site that is dating. I agree the necessity 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 in e-commerce makes hardly any money, I see since it comes with a larger list of challenges than most other opportunities.
Hence, we encourage one to examine these challenges as reality checks on your own company concept — dating or elsewhere — before spending your entire time and somebody else’s money in vain.
1. The marketplace has already been oversaturated with competitors.
In accordance with data, there are many than 5,000 sites that are dating with 1,000 brand brand new people showing up each year. In the event that you check your market on Bing in order to find figures like these, I suggest you try to find another possibility where in actuality the amount of rivals you’ll find is lower than 10.
2. This company is suffering from the ‘Facebook model’ startup issue.
Numerous work at home opportunities, like that one, require thousands or an incredible number of current users before new users and advertisers have an interest to cover real cash. Read More