Aspiring business owners frequently approach me personally as an angel investor, touting their revolutionary idea for yet another online site that is dating. We agree the necessity is offered, with more than 91 million singles that are interested the chronilogical age of 19 and 45 all over the world. Yet very little one out of e-commerce makes hardly any money, as it is sold with a more substantial set of challenges than almost every other possibilities we see.
Therefore, we encourage one to evaluate these challenges as truth checks for your own personel company concept — dating or elsewhere — before spending all your valuable some time some body money that is else’s vain.
1. The marketplace has already been oversaturated with competitors.
According to statistics, there are many than 5,000 online dating sites worldwide with 1,000 new people showing up on a yearly basis. In the event that you check your market on Bing and locate figures such as these, it is advisable to seek out another opportunity in which the range rivals you will find is not as much as 10. Continue reading