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Sep 11, According to the latest census, in85 million urban Indians were considered single, potentially looking for partners. The number represented a market waiting to be acquired, hooked on and then monetised. It was also around this time that online dating was peaking in the West, with a mix of startups such as Tinderand 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.
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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.
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.
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He tries a few times but then moves on to another platform to meet a different woman. Buy and Sell Domain Names. Domain name trading has been around for the last couple decades, and while the slam-dunk names have long been sold off Insure. Brew Your Own Beer. Why not try making it yourself? With patience and skill you might end up brewing something that others are willing to pay to drink.
Freelance Proofreading and Editing. As long as there is still the written word, there will always be editors. Freelance editing and proofreading not only pays a decent hourly wage, it also gives you the chance to read about potentially interesting topics too.
Buy Used Electronics and Refurbish Them. Many people give up on their faulty laptops, mobile phones, or cameras without even looking into the cause of their malfunctions.
If you have the skills to fix them, consider starting a side business refurbishing and reselling used electronics.
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Got a thing for numbers? There is a treasure trove of valuable items being thrown away by big box stores around the world. Hourly wages for novice copywriters are not very high, but with experience and a great portfolio, you can start charging more than you make at your normal job. Once you build up a reputation and client base for yourself, it could easily turn into a full-time endeavor for you. Yoga or Meditation Instructor.
Yoga is getting ever more popular, which means yoga instructors are more in demand than ever. Pursue emotional and physical balance with others, during your free time while helping your bank balance, too. Start a YouTube Channel. If your mastery of another language is good enough to have the grammar and spelling down, translating is a great side business to set up for yourself and can be done remotely.
Live in a destination where travelers frequently visit? If you love meeting new people from around the world and also love the city you live in, starting your own local tour business will give you both of those perks. Do you play a musical instrument well enough to teach it to others?