Dating sites angel
Loyal repeat customers who become locked in by a high cost of switching are the dream of every investor and smart business.
It is estimated that there are about 30 million total users, with roughly 1 million unique users logging in every day.Aspiring entrepreneurs often approach me as an angel investor, touting their innovative idea for yet another online dating site.I agree the need is out there, with over 91 million interested singles between the age of 19 and 45 around the world.Others in this category would include online gambling, debt collection and work-at-home offerings. Yet the online dating market, like every other one, has many new opportunities for those entrepreneurs willing to think further outside the box.Recent ones that I have noticed include Doggies Match for pet dating, Our Time for singles over 50 and Supernatural Dating for paranormal enthusiasts.Even though these all sound interesting, please don’t ask me to invest.
I always tell entrepreneurs that even if you are bootstrapping and not looking for investors, it’s still important to apply external investor thinking to your new venture.
Related: John Mc Afee Offers Ashley Madison Post-Hack Analysis Investors and customers alike want to see return that can be measured against the costs.
Value propositions such as “easier to use” or “find better partners” rarely compete with terms like “half the cost” or “50-percent faster.” Make sure your new innovation has a quantifiable value proposition.
Many business opportunities, like this one, need thousands or millions of existing users before new users and advertisers are interested to pay real money.
Thus, the investment in time and money required before payback is huge.
Facebook spent $150 million before positive cash flow.