1on1 live webcam chat - Online dating business case

by  |  03-Nov-2015 23:17

Then one day a friend told him someone had already done his idea.

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So much so that he quit his $86,000-a-year job after a few months to start Group Encounters, a social organization, using the $10,000 his father had given him to pay off school loans.

While de Lasa went to Barnes and Noble to research how to write a business plan, Graham Mc Aden, 28, a public relations account executive for consumer products such as Burger King, languished at his job and told friends about the "socializing service" he dreamed of opening.

"When we send people to a wine tasting, it's a wine tasting for our group and those 20 people are just from Social Circles," emphasizes Mc Aden. With estimated sales of $400,0 and a goal of $2.5 million within five years, Social Circles is among a plethora of profitable matchmaking businesses.

The dating services industry is a $600 million market and growing, according to market research and consulting firm Marketdata Enterprises Inc.

There must be a better way of meeting people than hanging out in a bar, thought Jose de Lasa, now 32, while attending Tulane Law School in New Orleans and doing just that.

Online dating business case

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