National Post - Financial Post Magazine

BEING PICKY

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Every business needs to achieve critical mass to succeed, and that’ s especially true in the dating world since the bigger the customer pool, the more likely a match can be found. That’ s a big reason why it’ s far more difficult to sustain a dating service than it is to start one. Here are three tips from Dating Found. com co-CEO Karan Dhanju on how he and his team got the service off the ground.

PICK A NICHE Start ups are often strapped for resources, particular­ly time and money, so it’ s important to not try to be all things to all people. Dating Found. com chose Caucasian profession­als, initially in the Greater Toronto Area .“You have to be really focused in order to make sure you don’ t run out of resources and at the same time you get the customers that you want,” Dhanju says .“If you goal lover the place, it’ s not going to work .”

PICK A CHANNEL DatingFoun­d.com’s managers figured out they could only afford to focus on three marketing channels, and ultimately decided to focus primarily on Facebook, though they maintain a Twitter presence as well .“In the dating industry, especially for start ups, you can go really, really niche with Facebook advertisin­g,” Dhanju says. It also provides a good place to interact with customers and Facebook’ s testing tools help save money in the long run .“With Facebook, you can get a better sense of how people are going to behave and overall you can make smarter decisions .”

PICK A MATCH DatingFoun­d.com’s marketing efforts focus on the fact it doesn’ t have a search engine so it chooses the matches, and that user profiles are secured with HTTP S encryption .“Some of the people we have don’ t want to be seen as being on a dating site, ”Dhanju says .“The primary reason they joined us is because of the personaliz­ed service and the privacy .”

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