This makes perfect sense. With how many businesses already exist out in the world, it can be difficult to come up with the right idea you should be spending your time on. When I set out to start a new business, I always make sure it aligns with both my core competencies and my passions. Obviously, some of these gigs have more earning potential than others, but what they all share in common are relatively low barriers to entry and the flexibility to work at them for a limited amount of time per week. Packaging your skills and knowledge into a downloadable eBook that delivers value to those seeking to learn a skill, advance in their careers, or start their own businesses, makes for a strong value proposition if you target the right audience. Build up a following on your Instagram account and you could quickly be approached by major brands, gear companies, and other relevant businesses that sell products or services related to the type of content you share on Instagram. Lots of companies, especially startups or those in retail or travel, have heavy social media presences and are constantly in need of people to help build their brands online. Think blogging is no longer a viable source of income? Think again. Yes, even the lowly PowerPoint requires outside consulting every now and then.
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Aspiring entrepreneurs often approach me as an angel investor, touting their innovative idea for yet another online dating site. I agree the need is out there, with over 91 million interested singles between the age of 19 and 45 around the world. Yet almost no one in this business makes any money, since it comes with a larger list of challenges than most other opportunities I see. Many business opportunities, like this one, need thousands or millions of existing users before new users and advertisers are interested to pay real money.
Thus, the investment in time and money required before payback is huge. 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. Dating is not a highly scientific process, and the first-mover advantage has already been taken. Think about this challenge for your best idea. 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.
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They offer an alternative for those who are struggling to meet the right calibre of people in their everyday lives. In recent years, dating has been changing dramatically, with many people now reluctant to use the internet to meet potential partners. This is a result of fake profiles, high levels of online dating fraud, safety fears and concerns that meeting people in this way rarely leads to a committed, meaningful relationship.
Now those looking for true love are taking advantage of an alternative and safe option. This is an opportunity that allows you to work from home, maximising your own potential and income. Franchisees also have the use of meeting rooms at the Head Office in Warwickshire, when required. The role of a Professional Matchmaker franchisee is varied, each day is different.