Aspiring entrepreneurs frequently approach me personally being an angel investor, touting their revolutionary concept for still another online dating site. We agree the necessity is offered, with more than 91 million interested singles between the chronilogical age of 19 and 45 throughout the world. Yet Expert review of Cupid com | Cupid.Reviews 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.
Hence, we encourage you to definitely examine these challenges as truth checks on your own company concept — dating or else — before spending all of your time and somebody else’s cash in vain.
1. The marketplace is oversaturated with rivals.
According to data, there are many than 5,000 sites that are dating with 1,000 brand new people appearing on a yearly basis. In the event that you check your market on Bing and locate numbers such as these, it is best to try to find another possibility in which the amount of rivals you will find is lower than 10.