Small bar tables or other two-person seating arrangements are ideal. Think about the logistics of moving speed daters from one conversation to the next. One possibility is to have the ladies stay put while gentlemen move up or down table numbers may make this go more smoothly. Provide name tags for participants first name only or first name and last initial , as well as clipboards, pens and comment cards so that daters can keep track of the people they meet. Comment cards should provide space for participants to list the name of each new acquaintance along with an answer to the question, "Would you like to see this person again?
If and only if! Establish the Ground Rules -- Be sure participants know how long each conversation will be, what to do when the bell rings and what happens at the end of the speed dating session. If any questions or topics are off limits, be sure to say so. If you have good people skills, are able to foster relationships and have good business acumen, then starting a speed dating business might just be the perfect business for you. A speed dating business is a niche business that has not only great potentials, but there is also less competition in it.
The reason why this is such a great business to start is that more singles have busy lifestyles especially due to demanding careers that has left little or no time for most to engage in romantic relationships. Asides from the busy lives of singles, the high divorce rates for married couples have led more people to seek for either a companion or a life partner, hence the reason why speed dating, which is a modern form of matchmaking has turned out to be quite popular.
- Starting a Speed Dating Business – A Complete Guide?
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The speed dating business is usually conducted by creating get-togethers and social events and then inviting singles to interact with each other at a hired venue. This means you will need to go round to identify which venues will be suitable for whatever events you have in mind.
Unlike a matchmaking business where singles go with the mindset of meeting someone and so are most usually tensed, not knowing what to expect; the speed dating business is one where singles meet under a more relaxed atmosphere and familiarity is increased via contests, games and entertainment programs. However, even though this might look like a simple business to start up, you have to treat it seriously like any other business.
First of all, you will need to conduct a thorough market research and from this write out a comprehensive business plan. Before you can fully start and run your speed dating business, you must ensure that your business is legal enough by checking with local authorities to know the required licenses that you will need to run your business without hitches from the law regardless of whether you run your business offline or online.
Alternatively, you can get an attorney to help you handle all the legal aspects of the business. When looking to hire a venue to hold events for your speed dating business, you should try to negotiate discounted rates with the venue owners. You will need to be creative as regards the choice of your venue and also ensure that you keep operating costs at a minimum so that you do not end up making little or nothing for every event that you host.
How to Host a Speed Dating Event
One way you can get a venue cheaper than the usual rate is to ensure that you create a relationship with the owners of the venues. Other segments of the dating service industry are dating apps which has become popular as more people now have smartphones which makes it easier for consumers to connect to many single customers instantly. For example, Tinder, which is a dating app is one that has generated more than one billion matches since it started. There are more than 6, dating services in the United States and it has employed more than 9, people. The reason for the growing acceptance of the dating industry is because social stigmas over getting a date online or via matchmaking services have begun to fade.
Another thing that has increased acceptability for the services in the industry is the growing population in the baby boomer generation as well as more usage of smartphones. The dating service industry is in its growth phase. Another reason for the high demand experienced by the industry is due to the fact that consumers are having a change in their attitudes towards dating services especially the online dating service as the internet has become a platform for singles to look for dates.
The dating service industry has continued to grow especially online dating as more people are looking to the internet for love or companionship. It is expected that over the next five years — to — more households will become more acceptable towards the dating service industry. The demographic and psychographic composition of those who require the services of a speed dating company are usually those who are single, divorced and widowed.
I made $1, from hosting a speed dating event. Ask me anything. : Entrepreneur
The age range for such type of people is between 18 and Those who normally seek out a speed dating company are usually those who can afford it — mid class to high income earners. Therefore, if you are looking for the demographic composition of your speed dating business, you should endeavor to make it more all-encompassing. In every industry, entrepreneurs struggle to find an area of specialization where they can generate revenue, be identified with and also compete fairly against their competitors and the sped dating industry is no different. While the industry is still a growing one and there are few niche services available, entrepreneurs are still looking for areas that are untapped to generate revenue from.
While niche services has several advantages, it is best that you conduct a thorough research into the niche areas you are looking to go into so that you do not waste your time specializing in something that no one is interested in. Below are some of the niche ideas that exist within the speed dating industry;. The level of competition in this industry depends entirely on the services that you are looking to offer to your clients.
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If you choose to specialize online, then this is a business that can be done from anywhere as you will have to compete with so many other services. If however you are looking to run a business that requires you to host events in a physical location, then it is necessary that you study the area you are looking to go into thoroughly to know if it is within the hub of your target market. All that clients are looking forward to when they seek the services of your company is that you provide all the services required. Even though the speed dating industry is a growing one in the United States, more entrepreneurs are going into it which means you will be facing a lot of competition not only from those already in the business but also from those looking to enter the industry as well.
The speed dating industry might be a growing one but there are already companies that stand out from others and this is due to several factors such as quality of events hosted, rate of success, charges and customer care relationship. If your intention is to be well known, then you must ensure that you are able to offer more than one of these factors to your customers. According to the United States Census Bureau, the population of those who are over the ages of 18 is between 92 and million.
Tips on Getting Started
Out of this huge figure, about 16 million have tried an online dating service. The online dating service however used to be a lucrative business but the profitability has been dwindling due to free social networking sites. However, with the decline in online dating services, Europe and China have remained untapped markets. Other forms of dating services have continued to post moderate growth and niche services like the speed dating service.
Starting a Speed Dating Business – A Complete Guide
The internet has caused a revolution in this business and has made dating to be more convenient and affordable. Normally you should do some sort of research to indicate that you have a market. The speed dating industry is definitely a growing industry as many more people want to meet face to face. Decide who will run the events. Will you require staff to run the event or will you be running it yourself? Identify venues for the speed dating to occur. Travel around your local area looking for places that would suit. Some speed dating meeting venues are set up in night clubs, where they can serve a glass of champagne at the beginning of the evening; a licensed venue is required to serve alcohol.
Also, some of these venues are not used on weekday evenings, which is when its the best time to hold speed dating evenings. Do you need a licensed venue? There may be other venues in your area that are licensed that would permit you to hold your speed dating venues there as well, for example, lawn bowling clubs.
Perhaps you could even go no alcohol? Serve savories after one hour; find out what catering facilities are at the venue. Look at the atmosphere of each venue location. Sit down and go to each venue at the same time of the night and week where you plan to hold and run the venue. Things to consider include: Is it really suitable for speed dating?
Do they have individual tables or do people have to sit in a long line? Will your clients be listening to the conversation on the table next door or be able to easily concentrate on each other? How comfortable will people feel in this venue? Can the lighting be dimmed a little to make it more intimate? Is the floor clean? Will you provide tablecloths, or are they provided? If so, are they clean? What about table ornaments, will there be a red rose or is something else suitable?