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I imagine that making a profitable dating app is difficult. Your most successful customer is one that no longer needs your product. If you make it a subscript
by Sohcahtoa82 3y ago
I imagine that making a profitable dating app is difficult. Your most successful customer is one that no longer needs your product. If you make it a subscription service, there's a perverse incentive to make sure you never find a good match. But if you make it a one-time fee, the fee has to be high enough to make a profit, but not so high that people don't want to gamble the money.
Tinder's biggest problem, IMO, has always been whether it's a dating app or a hook-up app. I've found that generally, men consider it a hook-up app, while women think it's a dating app. Granted, there's been absolutely zero rigorous study on my part, so my conclusion is easily 100% confirmation bias. However, I think it's worth noting that generally, women are already less likely to use a dating app than men, and would be even LESS likely to use a hook-up app than men.
I would bet money that if the $500/month sub added some fancy symbol to your profile so everyone knew you were paying $500/month, you would easily get more matches simply because it shows that you have money.
- BoorishBears 3y ago> I imagine that making a profitable dating app is difficult Only if you let it be. You have a market of people who want something they know is naturally difficult. So they'll struggle to recognize if you start making it more difficult to obtain (because they already expect dating to be hard). So you can make things more difficult for users (reducing the number of "successful customers") then ask for more money to make it less difficult. The only risk is that if a competitor makes it too easy, people will leave your platform... but that's why Match Group exists. They buy any large enough competing platform and ensure that the average difficulty across all their owned platforms is fairly consistent.