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 exists, with more than 91 million interested singles between the chronilogical age of 19 and 45 throughout the world. Yet very little one out of ecommerce makes anything, I see since it comes with a larger list of challenges than most other opportunities.
Hence, we encourage one to evaluate these challenges as truth checks for your own personel company concept — dating or elsewhere — before spending all of your some time someone money that is else’s vain.
1. Industry has already been oversaturated with rivals.
Relating to data, there are many more than 5,000 sites that are dating with 1,000 brand brand brand new people showing up each year. 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 work at home opportunities, like that one, require thousands or an incredible number of current users before brand new users and advertisers have an interest to cover real cash. Hence, the investment in money and time needed before payback is huge. Facebook invested $150 million before positive cashflow.
3. Obstacles to entry are hard to establish.
For a fresh startup, the way that is best to make sure success is always to file patents or any other intellectual property to help keep future rivals from copying your success. Dating isn’t a process that is highly scientific as well as the first-mover benefit had been taken. Consider this challenge for the most readily useful concept. Leggi tutto “8 Reasons Online Dating Services Are A Definite Business Dead End”