Online dating economy

What a labor economist can teach you about online dating

It was also around this time that online dating was peaking in the West, with a mix of startups such as Tinder , and well established companies in OkCupid or even Match. India, though never a priority market, was just about getting started. A vast number of urban singles, shunning stigma and societal denouncements, were ready to date online.

Slowly, but surely, armed with the ubiquitous smartphone, apps became the norm. And then, the likes of Aisle, TrulyMadly and iCrushiFlush took the plunge into the million market with contrasting business models. Five years down the line, there is some evidence these companies might be earning money. Statista also says sectoral revenue is expected to show a compounded annual growth rate of Primarily because, Indians, for now, are happy to consume free online products but seriously hesitant when subscriptionbased payment models are thrown up.

However, there are some who do not mind shelling out a few hundred to at least try and find their best match.

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Paul Oyer, Stanford economist and the author of “Everything I Ever Needed to Know About Economics I Learned from Online Dating,” explains the marketplace . At a time when books and their shelves threaten to become charming anachronisms, Matt Masina and Matt Sherman have created a new online dating site.

Tinder, for instance, is the third largest grossing app on Android in India, with industry estimates placing its monthly revenues anywhere between Rs crore. That said, the best may well be yet to come, say some founders, especially with the surge in language-first internet users expected over the next few years. The success of these apps will come from the number of authentic female profiles on the apps and how much time users spend on these apps.

But things are changing for the better. Happn is focusing on Hyderabad, Pune, Jaipur and Lucknow beyond the big cities. It is about getting you to spend time on the platform. This business also works on successful failures. So, imagine Raj speaks to Simran virtually but never meets her.

In the market for love? Here’s how economics can help

He tries a few times but then moves on to another platform to meet a different woman. Companies lose revenue since repeat orders make money. This time, they know that there is a chance of success.

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They stay on the app, keep subscribing, keep swimming and thus, keep buying new and expensive packs. We noticed that if a girl, however, messages him back, the user tends to stay there for at least seven months.

Online dating has changed our relationships and society | World Economic Forum

Until, of course, things go offline or most often to platforms like WhatsApp or Instagram. Single, needless to say, is preferred. For users, typical use cases are a mix of long-term, casual and platonic relationships, flings or even friendship beyond dating. Another subscription tier, TinderGold, lets users see who liked them, besides TinderPlus features. The monetisation puzzle goes all the way from subscription to micro-transactions.

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For dating companies, social ecommerce is fast becoming integral to their long-term strategy, a key learning from the famed Chinese app design playbook, which reads somewhat like this: That is, once the user is addicted or has signed up for a monthly fee, these dating apps offer add-on paid features like virtual gifting of flowers, likes, champagne bottles and so on. Each of these transactions is charged.

The end goal here is to keep the customer engaged. Some companies such as TrulyMadly and The Inner Circle have tried out offline events with mediumto-little success.

How online dating companies make money in India

Industry insiders suggest Tinder has less than 0. The main source of revenue outside of subscriptions could still come from ads, a potential that is locked, say advertisers, though it needs a strategy. In the economy of heterosexual online dating, where thumbs wield the ultimate power over a person's love life, height appears to be an immensely valuable currency.

The listing of height in dating app profiles has become so prevalent, that many swipers come to expect it, and sometimes hypothesise when it's been omitted from the profile. Online dating FOMO is ruining my chances of finding a date. In my own experience, I have grown to attach a great deal of importance to the feet and inches in a person's bio. As I idly swipe through Bumble, I will scroll through a dater's photos before perusing their bio, searching for a number that might dictate the crucial decision: I'm 5ft8, and I often swipe left which means no on men under 6ft.

I'm far from alone in this swiping behaviour. Amber Fahrner, 6ft, says height is at the top of her list when it comes to swiping. She lists her height in her dating bio, and has been told by some men that she's too tall for them. Jordan Maahs, 6ft, says she had "some trouble with the height thing" when she was using dating apps. Emma Lumley, 5ft7, says she only swipes right on men over 6ft1. Stephen—who prefers to use only his first name—says his online dating experience was marred by negative interactions about his height. Stephen, 5ft10, says women would ask him his height straight after matching, and when he told them, they would immediately unmatch.

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We use cookies to improve your experience on our website. And only over time, as it became so obvious that the efficiencies of meeting people online were so overwhelming, did that stigma slowly break down, and the non-losers began to come onto online dating sites, and the assumptions people made that you were a loser if you were an online dating site began to go away. Each chapter covered a new concept, so I was never confused. The concepts don't seem very adva It seems like everyone is a little disappointed with this book: But, author and "dating coach" James Preece says dating apps encourage us to be "incredibly picky" and to rule out individuals based on arbitrary qualities.

He said this made him feel "ruled out, disbarred and dismissed" over an attribute he had no influence over. Kunal, 5ft11, says he's had "weird experiences" with online dating because of his height. He says that he's neither short nor "very tall. He says that hearing that he's not the right height for women—particularly when he feels they've hit it off—makes him feel "slightly confused.

So, why am I—and countless others—so attracted to height in prospective matches?

Are we too picky?