Aspiring entrepreneurs usually approach me being an angel investor, touting their revolutionary concept for yet another on the web site that is dating. We agree the necessity is offered, with more than 91 million interested singles between the chronilogical age of 19 and 45 around the globe. Yet very little one out of ecommerce makes hardly any money, I see since it comes with a larger list of challenges than most other opportunities.

Therefore, we encourage you to definitely evaluate these challenges as reality checks on your own company concept — dating or else — before spending all of your some time somebody else’s money in vain.

1. Industry has already been oversaturated with competitors.

According to data, there are many than 5,000 internet dating sites worldwide with 1,000 brand new ones showing up on a yearly basis. 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. Read More