DATING SITE BUSINESS PLAN
With the internet in this present era, it is very easy for any serious would-be entrepreneur to start a million-dollar business from the comfort of their home.
One of the most exciting internet business anyone who is interested in starting an online business can start is a dating site. Starting a dating site is a very lucrative online business that has the capacity to provide you with a residual income stream.
Here is a sample business plan for starting an online dating site or app business.
Dating sites are becoming more and more popular as people are always in search of the right partner. They don’t mind becoming a member of 3 different dating sites just to get the right person for themselves.
According to research statistics, 35% of people who surf the net are singles. This means starting a dating website won’t be a bad idea.
Although the competition is high, there is still a possibility of making it big with your dating site. There are several dating sites earning millions of dollars in revenue yearly even with the competition.
So, here are 6 steps on how to start a dating site and become your own boss making residual income.
- Conduct a Research and Choose a Niche
This is the first thing you must do to start a dating site. It will guide you into establishing a business that will stand the test of time and succeed.
You have to conduct a research so you can decide on the kind of dating site you want to build, the software to use, startup cost and the concept.
You will also have to look at other dating sites to determine the staples that your dating site must offer to differentiate it from your competitors. Check out how they generate revenue and how yours will. This is very important as you don’t want to build a business that won’t be making you good income in the long run.
If you can handle it, you can decide to build a general dating site with lots of categories from the different fields. Or better still, you can decide to focus on a specific niche.
There are some dating sites specifically for gay, some for lesbians and some for seniors. It all depends on the concept you feel will be profitable for you. You can use Google for more research.
- Choose and Register Your Domain
After you must have decided on the niche of dating site you want to build, you will need to choose a good domain name, register and host it with a good web hosting company.
The name you choose for your dating site matters a lot. The name must be short, professional and easy to remember.
Never make the mistake of using free hosting services for your dating site.
When choosing a web hosting company, make sure you choose a web hosting company that can provide you the kinds of bandwidth that will be needed as the site grows.
- Establish Your Site As A Business
To do this, you will need to register your dating site as a business name with your state licensing agency. If you did your research very well, you should know that many successful dating websites have their domain name as their business name.
You will also need to open a separate bank account for any money earned from the site as it will help you track your revenue and expenses.
- Choose a High-Quality Software
You will need a high-quality software to effectively run your dating site. This is not an issue and you don’t need to be an IT guru to understand dating site software. Web developers have already made everything easy by creating software and templates where you can just purchase and download on your site. You can choose to customize the template to your liking if you have knowledge about customization.
Make sure the software you purchase have great features, is affordable and have lifetime licenses. You can also hire a programmer to build one for you if you have the fund as it allows the most customization options.
- Promote the Dating Site
To succeed as the owner of a dating site, you will need to promote your site properly to attract people to sign up as members. One best way to promote a dating site is by placing posters in areas where your targeted members hang out.
You already know who your dating site is built for, so you should know where to place your posters to attract your ideal members.
Another way is through the use of search engine optimization. Your dating site must be search engine friendly to attract organic traffic. PPC (Pay-per-click) is another advertising model you can employ to promote your dating site.
When you run PPC campaign, the company place your site on the first page of search results when someone types a keyword related to your bid keyword.
- Monetize your Dating Site
There are many ways you can monetize your dating site to start generating revenue. You can choose to earn from your dating site by charging members a small membership fee monthly.
Another way is by selling space on your website to advertisement companies to advertise their products. Google Adsense is still another to earn from a dating site. And, in order to accept payment from members, there must be a payment processor like PayPal in place.
So, go start your own dating site today and start profiting from your labor. You can choose to work with a team if you won’t be able to do it alone.