Indian dating sites revenue
Dating is not a highly scientific process, and the first-mover advantage has already been taken. In reality, dating is a form of social networking, so Facebook could easily enhance their services in this direction, if the market traction of others was evident.Google or other search engines could add image-matching or other focus to capture this market. Online dating scams to get money or attention are a very common and growing problem, according to several articles on the Huffington Post.Facebook spent 0 million before positive cash flow.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.Singles in neighbouring China, too, are hooking up online, and the market there is expected to reach 5 million by 2014."In many ways, the mindset of people in China and India is similar," says Anita Dharamshi, one of the founders of Two "We both come from traditional, conservative cultures and are now embracing a more progressive view on many things - in this case, dating, relationships and marriage." She says dating sites have been around in China for over a decade, while India is just getting started.
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.
A handful of entrepreneurs has realised that in the business of love, India could be where the proverbial rainbow touches the ground.
There is no data on the online dating business in India , but globally, it is worth billion (Rs 22,184 crore).
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.