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Years later, has maintained its place as the best known, most reliable resource and largest network for online dating.Since the start of the new millennium the online dating industy grew rapidly from year to year. In 2004, however, those high numbers began to drop. Vice President of romance for Match.com, Trish Mc Dermott, reported a 154% growth in revenue, from .3 million in 2001 to 5.2 million in 2002.As more and more singles migrate to free social networking sites, however, the profitability of dating services is narrowing to those services with the best reputations and largest network communities. Off-line chains and matchmakers are posting moderate growth, but radio datelines and print personals continue to slide.Speed dating continues to do well, along with certain niche markets."( This is good data. Remember that public companies publish annual reports.The single population over the age of 18 in the United States is estimated to be between 92 and 100 million people.Of that number, approximately 16 million have tried online dating services.The average price of online dating services is between and dollars a month.It was initially a very lucrative business to be in with online dating services soaring in popularity since 2001 and representing nearly 50% of the dating market’s value.
When I ask this question to the women I speak with, they often tell me they’re not sure where single men over 50 are hanging out.According to Mc Dermott, earnings for the first quarter of that year amounted to .9 million; profits were .1 million in 2002 versus .7 million in 2001.“This is a massive business,” said Roben Farzad, a writer for Smart Money magazine in September, 2005 We are willing to work hard to make you money with our online dating software.Learn more One of the biggest challenges when creating an online dating business is populating the database, which is where the White Label approach is especially valuable.
At present the online dating industry is a 700 million dollar industry.