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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.
So there's no longer a negative stigma attached to online dating," said the report's author, Victor Anthony, Topeka's managing director of Internet media. In a recent Pew Internet survey, 59 percent of Americans said they consider online dating a good way to meet people compared with 44 percent in 2005. are single, meaning there's plenty of opportunity for dating sites.
Other research suggests that more than a third of married couples now meet online. The unmarried population stands at 47 percent, up from 42 percent in 1994, according to the Census Bureau.
For a new startup, the best way to assure survival is to file patents or other intellectual property to keep future competitors from copying your success.
Yet almost no one in this business makes any money, since it comes with a larger list of challenges than most other opportunities I see.
Related: This Dating App Lets Your Actual Heart Choose Your Matches Thus, I encourage you to consider these challenges as reality checks for your own business idea -- dating or otherwise -- before spending all your time and someone else’s money in vain.
Bigger is usually better in the business of online dating, and the large players stand to benefit most. Strategists at Converg Ex Group, a New York-based global brokerage company, crunched numbers from and found that online dating can save a person thousands of dollars.
"In general, I would recommend mobile and social and large dating sites. "The dating phase prior to an offline marriage runs up a ,660 tab.
and e Harmony, cater to consumers moving toward easy-to-use mobile applications," IBISWorld online dating expert Jeremy Edwards said in a report released last week. A Division of NBCUniversal Data is a real-time snapshot *Data is delayed at least 15 minutes.