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Month: September 2008

Adrian Slatter, Searchmate UK CEO Interview

Posted on September 12, 2008
Adrianslatter OPW INTERVIEW — Sep 12 — Searchmate is a UK matchmaker. The Matchmakers Conference is Fri-Sun this week so I thought it fitting to interview a couple of matchmakers. You can see Janis Spindel’s interview here. Now its the UK’s turn. Here’s what Adrian Slatter, the CEO of Searchmate UK had to say. – Mark Brooks

What is the founding story of Searchmate UK?
Searchmate UK started off in the Midlands eight years ago as a personal introduction agency. Two years later it turned into a model that was grown across the UK with 35 locations, and offering a range of services to people who like the idea of a very personalized service rather then other current methods of finding a partner. 

What does Searchmate UK offer compared to other services, and how has it evolved?
We are absolutely intent on making sure that our clients are genuinely single and looking for a long-term relationship. We start off by interviewing clients for a couple of hours in their own home, as it’s more relaxing for them, while we extract the information needed to put together a meaningful profile of them. We check proof of identity, drivers license, passport, and proof of residence. From a secure standpoint, they see that anyone we introduce them to will have been through the same process.

It then gets down to the serious business of trying to find a partner for them. We have a team of people who handpick selected matches based on the criteria they’ve laid out. We can guarantee compatibility. What we can’t legislate for, and I don’t think that anybody can, is that all-important chemistry. 

What do you check exactly, in regards to background checks?
We don’t do criminal records checks. But we go further than just matching against our existing clients, which a lot of agencies do. By providing a head hunting service, we scour those places where people are advertising themselves as single, and if we think we’ve found a good match for one of our clients, we’ll make contact. We also do life coaching. Our life coaches ask a series of confidential questions, and get to the heart of any issues. Typically one or two sessions are needed, but some go on to embark on a whole series. They’re a way of making sure that our clients are ready to move forward and understand the etiquette of dating in the 21st century. 

How quickly has Searchmate UK been growing, and how does your growth compare to other matchmaking companies?
Searchmate UK has been growing fairly steadily in the early days but things have really taken off over the past 18 months. We’ve invested a lot in the technology to promote ourselves, and advertising has been very beneficial. The number of responses and leads that we get has gone up something like 1100% in the last year, and 33% in the last 3 months alone, which is quite interesting when everybody is talking about the credit crunch.

Almost a year ago, we acquired one of our competitors, who at the time had been the largest introduction agency in the UK. We’ve taken on board all of their marketing and acquired their members as well. So that’s really catapulted us into a different environment in terms of the size of the business.

The direction we’re looking to take is to grow the business through partnerships. We see a great synergy and complimentary mix in terms of the way online and offline agencies work. We’ve worked with a number of smaller online agencies that refer people to us and we’re also in the process of piloting with a national newspaper offering the offline service to compliment their online service. We can provide a truly white label service branded to the online agencies, but we can provide additional services they can’t offer. 

Why haven’t other Internet dating companies tried to incorporate offline matchmaking?
I think the barrier to entry is the scale. We’ve grown steadily over seven years and are now nationwide. To be able to offer this personal service, you have to have people in place that can actually carry out the personal element of that service, which means someone who can visit them. Starting that network up on your own is very difficult, very time consuming and costly. The main thing is it takes time and you have to get the right people. 

How can Internet dating companies partner with Searchmate UK?
Talk to us. We’re in the process of trying to approach people as well. We’re in an ideal position to partner with national organizations, whether they be publications or online agencies, because we’ve already got the infrastructure in place to provide them with support across the country. Whoever partners with us would potentially facilitate an introduction for someone who decided not to move further with their online agency, which can start up a whole new revenue stream for them, and indeed for us. And it costs them little or nothing to do as all revenue goes straight to their bottom line, as they’ve got no cost of service to deliver. 

What do you see for the future of the company?
We’re seeing a very dramatic growth at the moment. Building our own brand, we see ourselves very much in partnerships with people with whom we can provide revenue to them whilst they can actually provide us with people who can become members. And we see this model to be expanded over the whole of Europe and possibly even wider. But at the moment, we’re still getting the UK fully populated.

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White Label Has Taken Off

Posted on September 11, 2008

Whitelabeldating_logo STARTUPS.CO.UK — Sep 10 — White labelling is one idea which has taken off in recent years – selling your product to a larger business so it can slap branding on it and call it its own. The best thing about it is that white labeling can work for any product or service, from cornflakes to cakes to software. It has even worked for dating websites – whitelabeldating.com provides the software, membership database, and technical support, you provide the brand. In 2005, the white label market was worth £29.2bn, and it's predicted to exceed £36bn by 2011.

The full article was originally published at Startups.co.uk, but is no longer available.

See all posts on WhiteLabelDating

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SayHeyHey Goes Mobile

Posted on September 11, 2008

Sayheyhey_logo TRADING MARKETS — Sep 10 — Verizon Wireless customers can now access SayHeyHey’s user-generated online dating video content directly on their phones. SayHeyHey serves as a video blogging “soap box” for young adults to share their experiences, stories (worst dates, best dates, craziest sexual episodes, etc.), advice, and passions around relationships and dating, as well as allow them to make initial connections via video.

The full article was originally published at Trading Markets, but is no longer available.

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Zoo Animals Try Online Dating

Posted on September 11, 2008

Koala
DISCOVERY CHANNEL — Sep 9 — Just like the digital dating services that pair up people,
so-called studbooks are used to match most animals held in captivity.
The databases containing information on sex, age and weight are
used by more than 200 zoos nationally and some internationally. Now, new software is going to the Web, promising more easily
accessible data, faster matches and details on an animal’s personality. FULL ARTICLE @ DISCOVERY CHANNEL

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Dick Syatt, Singles Links – OPW Interview

Posted on September 11, 2008

Dick_syatt_headshot OPW INTERVIEW — Sep 11 — Meet Dick Syatt, the original king of Singles Events. During the 25 years he hosted his radio show, he could pull a crowd of 1200 singles together in an afternoon. What does he think of online dating? Here’s our interview with Dick Syatt, a man ahead of his time. – Mark Brooks

When did you run your first singles event?
In 1976, long before the Internet, as a radio talk show host at WFAA radio in Dallas, I created the very first on-air radio dating show. My show allowed singles to call in, describe themselves and whom they wanted to meet, and then we’d exchange phone numbers off the air.

It wasn’t long after that the singles parties started, because the radio show became very popular. We were featured in Playboy, the New York Times, Phil Donahue, Good Morning America, among others. By early 1977, I was hosting parties in Dallas which were attracting 800 -1200 people. In 1981, I joined WRKO radio in Boston and the same thing happened. The show was an enormous success. The New York Times showed up and put a counter on the phone to see how many hits (calls) came into the radio show on an average Saturday, and there were over 40,000 calls during that four hour time span.

In February of 1982, a hotel in Boston called me to do a singles party on a Sunday afternoon at 3pm. We had no idea how many people would attend, we estimated 200 if we were lucky. That same afternoon, we had 1200 people.

How much advanced notice did they have?

Two or three weeks; it was promoted heavily on my radio show. For most of the next 20 years, I had as many as seven dances a week simultaneously in different locations.

Around 2000, when the online services really were ramping up, my dances were failing, and it was clear to see that instead of getting dressed up and going to a dance, it was much easier to sit at home in your bathrobe, fill out a profile and have your inbox fill up with inquiries from other singles.

What do you think of online dating? Does it work?
The whole process can often take weeks. When you finally meet, in most cases, there is no chemistry. While I’m not knocking online dating, the reason I started the dances again is because I think that nothing will ever replace human contact. For 25 years, people told me on my radio show that looks don’t matter. Of course that’s nonsense because no matter what you look like, looks matter. When you and I meet, we know in 5 seconds whether we appeal to each other. We need to see face to face. So earlier this year I went back to a club, Vincent’s, where I host the singles dance. For $5, we offer a free buffet, great music and an ability to be in a Disney World for single people.

How should events be integrated into the Internet dating sites?
My intention is to partner with an online site at least locally, perhaps via banner ads that target people who live in the greater Boston area, who would be encouraged to come to the Singles Links party. So you meet online, you’re introduced online and then you meet in person at an event.

Some people don’t feel comfortable venturing out alone to meet someone new so maybe they want to go where there is a big crowd of people. Safety is key for many people.

You’re absolutely right. At one of my events, you walk into a club that holds 1000 people; there is music, doormen in tuxedos, its safe and very public. We have our conversation and maybe we’ll hit it off and live happily ever after or we can both say “Hey this was fun and I’ll see you around.” Then we turn around and have another 999 people to choose from.

What single thing would you change, if you could, with all online dating sites?

When I hosted the online radio dating show for almost 25 years, I interviewed people. I asked questions like “What do you do? What do you look like? What are your interests? What kind of food do you like? Do you smoke? Pets? What kind of person do you want to meet?” I wouldn’t allow people to say anything generic or obvious. Everyone thinks they have a great sense of humor, everyone thinks they’re a nice person, so if all you tell me is “I want to meet a nice person who likes to have a good time and go out to eat.” well, that doesn’t narrow down your search by an iota.

So I’d like to see online sites become more diligent about insisting that members do a better job filling out their profiles. This will not only benefit their rate of return, but also will also give companies more credibility, while making the sites more interesting and entertaining. When I see the numbers and I see companies who have 275,000 members at $40 a month, I don’t see why this can’t be remedied.

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The Right One/Together Dating On Track To Appoint Banker

Posted on September 10, 2008

Therightone_togetherdating_loga MERGER MARKET — Sep 9 — The Right One/Together Dating, a Norwell, Massachusetts-based matchmaking service, is weeks from appointing a banker to look at M&A options for the company, CEO Paul Falzone said. The Right One/Together Dating has been approached by numerous private equity firms interested in the company's strategic potential over the past six to nine months, he said. TRO/TD, which charges each member USD 3000 to USD 4000, generated about USD 18m from its corporate stores in 2007 with profit margins between 22% and 25%. Its franchise stores generated about USD 18m in 2007. Revenues, which in total came to more than USD 40m in 2007, have been flat between 2007 and 2008. The company is debt-free. "We have been courted by companies for eight to nine months. The most obvious buyers would be Yahoo, IAC or eHarmony, however The Right One/Together Dating may also be a fit for a personal health programs such as Nutrisystem or Weight Watchers", Falzone said.

See all posts on TheRightOne

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eHarmony Has “Significant” Acquisition Capability

Posted on September 10, 2008

Eharmonylogo
MERGER MARKET — Sep 9 — eHarmony is interested in buying online content
companies as it builds toward an initial public offering, CEO Gregory
Waldorf said. eHarmony has passed the minimum requirements to go
public, but it has no capital needs at present. eHarmony declined to
comment specifically on targets. Internet dating industry consultant
Mark Brooks said Mary.com could be an attractive target.
Waldorf said
eHarmony is "very profitable" and generated USD 200m in 2007. Asked
whether eHarmony might expand to allow male seeking male, or female
seeking female partners, Waldorf did not answer directly, saying the
content is for anybody who would find it useful. Brooks said it is
possible eHarmony fears a public reception would be tainted by its
association with social networking businesses, which have not been as
financially successful as some hoped.
Brooks said it may be waiting for
people to forget about Chemistry.com’s recent advertising campaign,
which invited homosexuals "rejected" by the eHarmony site to join its
service
.

See all posts on eHarmony

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The Right One/Together Dating on track to appoint banker in one month, CEO says

Posted on September 9, 2008

Therightone_togetherdating_loga_2
The Right One/Together Dating, a Norwell, Massachusetts-based matchmaking service, is weeks from appointing a banker to look at M&A options for the company, CEO Paul Falzone said.
"It should take six months to find the right marriage, merger or acquisition," Falzone said in an interview. The Right One/Together Dating will probably sign a contract with McFarland, Dewey & Co by October and will work with banker Gregory O’Brien.
The Right One/Together Dating, which operates under the names The Right One, Together Dating and eLove.com, has been "left at the alter" twice in the past by buyers, Falzone said. In one instance the buyer pulled out of the deal because a second acquisition it had intended to make in tandem with The Right One/Together Dating fell through, Falzone said. An industry source said one of the deals was with IAC, which owns matchmaking site Match.com.
Having gone through the due diligence process twice, The Right One/Together Dating has addressed "holes" in the company, appointing a better controller, overhauling the accounting system and automating administrative functions in the company, Falzone said.
The Right One/Together Dating has plans to let go of many of its franchisees in the months ahead while bringing others under the corporate umbrella. It will also make use of its new eLove brand, integrating recently acquired Love Access with the online name, and linking this with the brick and mortar locations. Members who go to the physical stores to complete background checks, validate their online claims of height and appearance, will receive an "icon" of authenticity for their online personal description.

The Right One/Together Dating has been approached by numerous private equity firms interested in the company’s strategic potential over the past six to nine months, he said. The Right One/Together Dating, which charges each member USD 3000 to USD 4000, generated about USD 18m from its corporate stores in 2007 with profit margins between 22% and 25%. Its franchise stores generated about USD 18m in 2007. Revenues, which in total came to more than USD 40m in 2007, have been flat between 2007 and 2008. The company is debt-free.
"We have been courted by companies for eight to nine months," Falzone said. The most obvious buyers would be Yahoo, which owns Yahoo Personals, IAC or eHarmony, however The Right One/Together Dating may also be a fit for a personal health programs such as Nutrisystem or Weight Watchers, Falzone said. The Right One/Together Dating may also be attractive to foreign companies that want to take advantage of the low value of the US dollar, he said. Paris-based LVMH could be interested for this reason, he acknowledged.
Falzone and his business partner Brad Megahan own 85% of the business, he said. At 52, Falzone "would love to take some chips off the table", he said, adding that he would also be content to keep growing the business if it does not find an M&A partner. "Putting (The Right One/Together Dating) in a larger company’s hands would give (employees) a good opportunity to do well," he said.
The Right One/Together Dating works with the law firm of James McNulty in Boston, Massachusetts.

By Louise Bleakley

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eHarmony has “significant” acquisition capability; looking at content buys, CEO says

Posted on September 9, 2008

Eharmonylogo_2
eHarmony, a Pasadena, California-based online matchmaking business, is interested in buying online content companies as it builds toward an initial public offering, chief executive Gregory Waldorf said.
"I have a clear belief eHarmony will be a public company one day," he said. eHarmony has passed the minimum requirements to go public, but it has no capital needs at present, he said.
Waldorf said eHarmony is "very profitable" and generated USD 200m in 2007. The management team is IPO-ready and the business has "significant" acquisition capability, he said.
Since 2006, eHarmony has grown its presence internationally and diversified with a publishing group. The company is interested in acquiring content companies for this part of the business, he said. An example of this might be a site about the best place to go for a first date, he said. eHarmony also plans to broaden its focus to include issues around other meaningful relationships, such as between friends and family members.
Waldorf said while eHarmony is compared with Yahoo Personals and Match.com, it tends to focus more on long-term and marital relationships. True.com, another match-making website that was listed as a target for eHarmony in a previous report, would not be a good fit for eHarmony, he said. True.com’s advertising base is "not eHarmony’s type", being directed at less serious relationships, he said.
Internet dating industry consultant Mark Brooks said Mary.com of Clearwater Florida could be an attractive target. eHarmony declined to comment specifically on targets.
eHarmony, whose founder Dr. Neil Clark Warren is an Evangelical Christian, was sued in mid-2007 by a homosexual couple claiming the company is in violation of a California state law which bans discrimination based on sexual orientation because it does not offer matchmaking services to homosexual couples.
Asked whether eHarmony might expand to allow male seeking male, or female seeking female partners, Waldorf did not answer directly, saying the content is for anybody who would find it useful.
Brooks said it is possible eHarmony fears a public reception would be tainted by its association with social networking businesses, which have not been as financially successful as some hoped. Brooks said it may be waiting for people to forget about Chemistry.com‘s recent advertising campaign, which invited homosexuals "rejected" by the eHarmony site to join its service.
The decision not to go public before now has been based on internal considerations rather than a weak public market, Waldorf said. "The market is generally open for strong companies," he said. He declined to elaborate on the internal criteria necessary to go public.
eHarmony receives "a lot" of approaches from interested suitors but has a strong desire to remain independent, he said.
eHarmony works with law firm Orrick Herrington and accounting firm Ernst &Young.

By Louise Bleakley in San Francisco

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Companies Use Twitter To Bolster Their Brands

Posted on September 9, 2008

Twitter_logo BUSINESS WEEK — Sep 6 — A growing number of companies are keeping track of what’s said about their brands on Twitter. Comcast, Dell, General Motors, H&R Block, Kodak, and Whole Foods Market are among a handful of companies haunting Twitter to do everything from burnish brands to provide customer service. JetBlue keeps tabs on what Twitter users say about it, using a scanning tool, to find customers who might need information, say, on flight delays or cancellations. Begun in 2006, Twitter is a pioneer of microblogging, a way for users to keep others informed of their current status by way of text messaging, instant messaging, e-mail, or the Web. Other services that have followed suit include Jaiku, Pownce, FriendFeed, and Plurk.

The full article was originally published at Business Week, but is no longer available.

Mark Brooks: See Tweetbeep, Tweetscan, and Summize to search Twitter. Every brand should have their own Twitters set up. We have a newsflash set up for Social Networking Watch under twitter.com/social_news, and for Online Personals Watch at twitter.com/internet_dating

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