It’s Singles Week! Here’s Why You Should Celebrate Your Singlehood

Tips
  • Monday, September 29 2014 @ 06:50 am
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  • Views: 1,582

First, let's get this out of the way: happy (belated) National Unmarried and Single Americans Week!

Yes, that's a real thing sponsored by Unmarried America, an information service for unmarried workers, consumers, taxpayers, and voters. It was celebrated this year from September 21 to September 27, and if you're wondering what it's all about, you can pick up a copy of their e-book on singles' rights.

Having a week to celebrate singles isn’t so bad, and it's probably better than referring to Valentine's Day as "Singles Awareness Day” (aka “SAD”), but really, why wait for a specific week when you could celebrate singlehood all year round?

There's lots to love about being single, even if it feels like a hard pill to swallow when everyone on your Facebook feed is getting hitched. Forget about them. Being single is awesome, and here are 10 reasons why:

  1. That huge bed is all yours.
  2. And you can sleep in it in whatever you want, because there's no need to worry about how sexy you look in the morning.
  3. That paycheck you just got? It's all yours. Not a single cent of it is going into a joint account and none of it has to be spent on another person unless you want it to be.
  4. If you do feel like treating someone, treat one of your friends – because since you're single, you have a whole lot more time to spend enjoying their amazing company.
  5. When one of those friends complains about their relationship, you can privately congratulate yourself on being drama-free in that area.
  6. Holidays are so much easier. You don't have to come up with a cute couples costume for Halloween. You don't have to stress out about what mind-blowing gift you're going to get your SO. You don't have to worry about meeting relatives or dividing time fairly between each other's families.
  7. You can marathon an entire season of a show in one night and no one will ever know, because that Netflix account is all yours.
  8. If you do feel a sudden urge to make out with someone, you can. Any time you want. With zero guilt.
  9. You'll stay culturally relevant. Your coupled friends have probably never tried the magical modern experience that is Tinder.
  10. There is no one around to tell you how much Ben & Jerry’s is too much, because that pint is all yours. Go right ahead and eat it in one sitting, without even dishing it into a bowl.

The adventure of singlehood is sounding pretty good right now, isn't it? And so is that ice cream…

eHarmony Turns Around in 2-Year Period

eHarmony
  • Sunday, September 28 2014 @ 10:00 am
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  • Views: 2,174

eHarmony was on the brink of disaster in 2012, ready to be sold to the highest bidder on the auction block, at least according to a recent article on Online Dating Insider. But the company was determined to turn things around.

According to eHarmony executives, “We took our hard won stash of capital and used $153.2M to buy out all the “Class B” shares, and we began the pursuit of our own company.  We asked five of our former and highly-esteemed board members to step aside and give us a chance to do more of what we needed to do to bring this company back.  We made tough decisions…let some people go, terminated vendor contracts. Moreover, we have cleaned up “our house” by appointing an all-new executive management team that is a more aligned team than we have ever had before.”

For those of us who did not know eHarmony was on the brink of financial ruin, this letter came as a surprise. In the time they were desperately struggling to tread water, Neil Clarke Warren, the company’s founder, came back on board as CEO and reminded the company of the reason they were successful in the first place – their focus on matching for long-term relationships.

While most dating sites and apps have gone in the opposite direction – focusing on quantity instead of quality of matches, and casual meetings instead of long-term relationship potential, eHamorny’s serious focus has paid off.

“Instead of losing 100,000 end of period subscribers each year, suffering...losses of 50% every single year, our EBITDA for 2014 will literally be dramatic and the cash in the bank increasing substantially each month. EBITDA is currently running $9.4M ahead of plan as we work with our forecasts. Our end of period paying subscriber count has hit its all-time high...”

eHarmony was not afraid to get rid of what wasn’t working. Trimming staff by over 30%, they went from about 300 employees to only 190 in all of the U.S., U.K. and Australia. They have also dropped vendors who weren’t contributing to the primary focus of the site – relationships. (That is, focusing on the long-term potential.)

eHarmony’s success rate speaks for itself. It claims to have made more than 600,000 marriages, and has only a 3.86% divorce rate (compared to the over 50% divorce rate of Americans in general).

The company plans to take its technology in other directions besides love. They are planning the launch of Elevated Careers by eHarmony, where they hope to make successful coupling between potential employees and employers by using the same psychologically-based matching system to help people find their dream jobs.

While the company didn’t offer exact figures, they did claim to have hundreds of thousands of users as well as 1.2 million matches. It looks like they have turned things around, though most of us didn’t even realize how much they were struggling.

To find out more about this dating service, you can read our eHarmony review.

Mobile Dating Apps on the Rise

Mobile
  • Friday, September 26 2014 @ 06:51 am
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  • Views: 3,318

There’s no doubt about it, mobile dating is on the rise, and poised to take over the traditional online dating industry.

The figures are staggering: mobile dating apps were a billion-dollar industry in 2011, and by 2016, the market is poised to be worth 2.3 billion. This is a huge opportunity for some of the newer dating app developers, and also an opportunity for traditional online dating companies to improve their mobile platforms, as most have been doing the past couple of years.

While many app companies offer free downloads, they make money through advertising deals or through “freemium” services – that is, offering the basic service for free with added “extras” like more matches or instant communication features for a price.

According to an article in The Washington Post, a recent conference in June brought together people from the tech industry to try out different mobile dating apps for a couple of weeks, to see how they fared. The experiences varied for both men and women, with most agreeing that mobile dating offered a more casual dating experience. However, the more a dating app mimicked real life, the more successful the users’ experience with it.

Many daters find a level of comfort in apps that verify through Facebook or other means, for obvious reasons. With online dating, there is a safety factor to consider, especially for women, when you are meeting a complete stranger. There are also plenty of fake dating profiles with traditional sites and some apps, sometimes used to lure unsuspecting singles.

Most mobile apps however are tied to social media accounts like Facebook in order to verify that the dater is a real person. This adds a layer of security that allow users of an app like Hinge to meet someone they don’t know through friends.

Of course, meeting someone through friends is preferable in real life, so it makes sense that it is also preferable in a mobile dating app. Coffee Meets Bagel is an app that provides matches through your Facebook circles – that is, friends of friends - so you have to have a mutual friend in order to date. According to the company, the more mutual friends two singles have, the more likely they are to say yes to a date. In fact, if they have four mutual friends, they are 90% more likely to say yes.

This isn’t a coincidence. Since so many people are online dating, and dating with technology can feel intimidating to many, it makes the experience easier when you have friends in common.

Will newer dating apps come up with even more organic ways of meeting people? Since the mobile dating industry is only getting bigger, it seems the likely choice.

To find a list of popular services that you can use on your phone, please check out our Dating Apps category.

IAC Continues To Make Big Moves In The Online Dating World

Match
  • Thursday, September 25 2014 @ 07:23 am
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  • Views: 2,692

I could say something about how hard IAC/InterActiveCorp is trouncing the competition, but…um… It hardly has any competition. The media conglomerate, helmed by Barry Diller, has been killing it in the online dating realm for years and shows no signs of stopping.

Thanks to its two massive dating sites, Match.com and OkCupid, IAC was already the biggest player in the game when it decided to shake things up last December by creating a special division for its online dating holdings called the Match Group.

This year, IAC has made more powerful strides in its quest to dominate online dating. It increased its majority stake in Tinder, the mobile app at the top of the mobile dating heap, and acquired most of the Brooklyn-based dating site HowAboutWe.

Slowly but surely, IAC has bought its way into the dating market. By the end of 2013, IAC reportedly hosted 30 million active users throughout its dating properties, 3.4 million of whom are paying subscribers. The Match Group is now responsible for approximately one quarter of IAC's total revenue. And they're not shy about singing their own praises.

“We are not just the acquirer of choice,” said Sam Yagan, chief executive of the Match Group, “we are the only acquirer.”

Investors, on the other hand, are a little more wary. Analysts are convinced that online dating's growth is likely to slow, despite the fact that the market has never been stronger in the US or abroad. The primary bump in the road is free mobile dating services, which are making it increasingly difficult for other dating services to generate a profit.

Mobile dating now accounts for around 27% of dating site services. As mobile audiences grow, dating sites are finding it challenging to turn those users into paying members. They are also challenged by a crowded market, which becomes more congested all the time as various niche sites pop up. Although many don't last for long, they're still successful in drawing audiences away from larger, more general dating sites.

With that in mind, IAC’s future may lie in Tinder. So far the app has put growth above revenue, but it is estimated that Tinder could eventually earn $75 million a year. First, the company has to figure out how to monetize it without losing users or slowing growth. Yagan is feeling positive about the future.

“It is not a winner take all dynamic,” he said. “There is a lot of concurrent usage. Unlike a car, the majority of online daters use multiple products, so you want to have a portfolio — a multibranded approach.”

Recieve 50% Off an eHarmony 6 Month Subscription

eHarmony
  • Wednesday, September 24 2014 @ 08:09 pm
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  • Views: 1,810

Starting tomorrow and ending this Sunday eHarmony is offering a coupon code for members to receive 50% off on a 6 month membership. You can use the coupon code on the eHarmony website or dating app but it must be used from September 25th to (and including) September 28th, 2014.

The coupon code is: GET50OFF

Once you create a free profile and fill out the personality questionnaire you will be prompted if you want to purchase a subscription or continue on as a free account. A free account allows you to try out most of eHarmony's features but it does not include profile pictures and sending email. If you choose to purchase a subscription you will then be asked to enter the coupon code.

This code is for the United States only and reduces the 6 month eHarmony subscription by 50% which means it will only cost you $29.95 a month. To find out more about this dating service and why it is so popular you can read our review of eHarmony.

Spark Networks Is Breaking Up With Its Employees

Finances
  • Wednesday, September 24 2014 @ 07:04 am
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  • Views: 1,838

Breakups are never easy, especially when it means losing your job. Spark Networks, the company behind dating sites like ChristianMingle.com and JDate.com, has announced that it's cut its workforce and has made substantial progress in expense reduction initiatives. The measures are expected to save the company $4.5 million to $5 million a year.

Although Spark did not disclose exactly how many jobs were cut, the company had previously reported that it had 201 full-time equivalent employees as of December 31. The company expects to incur pre-tax cash charges of approximately $1.3mm for severance benefits and other related expenses.

The cuts come at an interesting time for Spark Networks. Lately, its sites have seen an increasing number of their customers turn to competing services. The company has also undergone a number of recent changes in its corporate structure. David Hughes, formerly chief executive at a digital marketing firm in West Los Angeles, resigned as a director after joining Spark Networks’ board just six months prior. He will be replaced by Jonathan R. Mather, a former Netgear chief financial officer.

Hughes’ exit comes only two months after a very public ousting of four of Spark's six directors (including Chief Executive Greg Liberman). The hope is that a fresh crop of directors will be better able to help the company rise above the competition in difficult times.

Free dating sites like OkCupid and mobile apps like Tinder are dominating the market and have made life difficult for services like Christian Mingle and JDate. Spark Networks experienced a 10% drop in revenue during the second quarter, to $15.8 million. The company reported a total of $29 million in net losses over the last three years.

Looking to future, Spark Networks plans to head back to basics. It's putting its focus on three things in hopes of boosting subscriber count and revenue:

  1. Upgrading its product offerings
  2. Improving its processes for subscriber acquisition, retention, and renewal
  3. Refining its marketing strategy

"Much has been accomplished over the last 30-days to refocus the business on its core properties and to drive operational efficiencies,” said Executive Chairman Michael McConnell in a statement.

“Moving forward, I believe the opportunity to profitably grow our business is significant and we are prepared to execute on strategic growth initiatives that meet our return on capital hurdles. Further, the team is operating with a sense of urgency and commitment to drive improvements in all areas of the business. Importantly, I am confident in the resilience and resonance of our brands within our targeted communities."

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