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Loyal repeat customers who become locked in by a high cost of switching are the dream of every investor and smart business.
Dating services lose customers quickly when they find a match -- or when they don’t find a match.
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.
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Dating sites are tagged as having historically high failure rates and a hint of business hustle, so they are avoided by professional investors.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.As founder, you are always the biggest investors and should apply the same reality checks.
Related: 1 Billion Matches Later, Tinder Can Trace Its To-the-Moon Growth to Signing Up Sorority Girls How well does your latest startup idea avoid the challenges outlined here? Given that I’m busy and that it’s so popular, I decided to give the world of online dating another go, but this time, with some professional assistance.
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