Users asked themselves, “Why pay .99 a month when I can create my own profile, view other user’s profiles, and chat directly with them?
” Brian Peters, an internet consultant/project manager who worked for Web Biz Ideas at the time, asked him self the same question.
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Yet, almost no one in this business makes any money; it comes with a larger list of challenges than most opportunities I see.
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. The market is already oversaturated with competitors.
According to , there are more than 5,000 dating sites worldwide, with 1,000 new ones appearing every year.
If you check your market on Google and find numbers like these, I suggest you look for another opportunity where the number of competitors you can find is less than 10. This business suffers from the ‘Facebook model’ startup problem.
In 2004/2005 an Emerging Technology now called “Social Networking Software” paved the way for many Social Networking Trends.