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Over the last few years we have had the please to help build many interesting online communities built around the concept of a social network.
Today I was reviewing our dating portfolio and asked myself, “Is Starting an Online Dating Website Still Profitable?
” Although we still build dating sites, the majority of the projects Web Biz builds incorporates social networking technology. If you look IAC Fact Sheet for 2007 you will find the remarkable results: ■ 60,000 new people register on every day ■ Websites in 15 different languages, serving 37 different countries ■ More than 15 million members, with approximately 1.3 million paying subscribers monthly membership is .99 a month; if you do the math that is over ,000,000 a month in revenue!
We followed the trend, offered Dating Website Design services, and helped launch many dating internet businesses.In 2004/2005 an Emerging Technology now called “Social Networking Software” paved the way for many Social Networking Trends.My Space very quickly took away 1,000’s of paying members from Dating sites.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.