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Category: All UK & Europe

CEO Interview: Levent Gultan, CEO Of Turkey’s Top Dating Site Network, Istanbul.net

Posted on November 4, 2011

OPW INTERVIEW – Nov 4 – We’re extending our coverage on Online Personals Watch to more markets. I met Levent at iDate a few years ago.  He now runs Turkey’s top dating sites. Here’s his story. – Mark Brooks

What’s your founding story?
We got into the dating scene quite late. We entered the market in 2006 and the concept was a local dating site based around city neighborhoods. It caught on quickly and within the first 3 or 4 months we had the 3 main cities in Turkey. Over the years we have expanded our network into different cities adding a new one this month.

We were lucky as there were not many Internet start-ups going after city names so we got high profile cities such as Instanbul.net easily. The city name helps with SEO rankings and marketing the site.

There’s about 35 million Internet users in Turkey at this time and about 1/3 are under 15. Have you found similar?
42% of the 35 million are under 35. Our subscribers are on average 33 years old so not that young at the moment.

What do you charge? What is the propensity for people to pay for internet dating in Turkey?
We’ve had over 5 million subscriptions to date.  We don’t charge the female subscribers which helps us keep the male/female ratio balanced. On the male side we are converting about 15%.

How would you describe your dating positioning, in terms of being serious like Match.com or a little bit more casual?
There’s actually no real translation for the word ‘dating’ in Turkey. At the end of the day we are all called ‘friendship’ sites which has a lighter feel to it. You can mix being a member looking for dates with finding friends. So probably more casual.

Are you making use of Facebook?
We are but not as much as we would like to. Our users don’t want to really disclose their identity. Turkey has the highest Facebook usership in the world with over 90% of people using it. The challenge is to find ways to make Facebook users feel comfortable to load profiles to dating sites but still in an anonymous way. We are also trying to advertise with Facebook.

Overall would you say that the rise of social networking and Facebook is good or bad for your Turkish dating sites?
I think through Facebook everybody has a reason to be online. But the flip side is that people tend to be resistant to other things online.

Are there any other particular difficulties with operating in Turkey or challenges  doing business as an Internet dating service?
We have similar challenges to all online dating sites. There has been a lot of abuse with mobile dating apps. We had to make sure we provide a very secure service with a money back guarantee to build user confidence in the market.  

How do people usually pay? What are the modes that are most popular?
Credit card is the most popular. There are over 40 million credit cards in Turkey right now due to low interest rates with our banks. We also have a small portion of wire transfers. Paypal is on the rise.

We interviewed the CEO of Pemberpanjur recently and their main competitor is e-cift in Turkey.  Do you think these more serious models have legs in Turkey?  
People are still learning about online dating through the casual sites. As time goes on they will be looking for more serious sites. The good thing is that there is traction in the market but serious sites are not as popular are casual sites.

What aspects of your service will you be focusing on for the next year?
We want to introduce new features that you wouldn’t see in general dating sites. In terms of strategy there is still a lot of room for growth and we are looking into some more serious dating sites as well as wanting to explore new geographies.

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Gregory Blatt appointed Chairman, Philippe Chainieux CEO of Meetic

Posted on September 30, 2011

Meetic logo new 4TRADERS – Sep 30 – Meetic today announces changes in the composition of its Board of Directors. Gregory R. Blatt, CEO of the IAC group, Meetic's majority shareholder, has been appointed Chairman of the Board of Directors, thus replacing Marc Simoncini, who remains a member of the Board. At the same time, Philippe Chainieux was promoted to CEO of Meetic and becomes a member of the Board.

See full article at 4Traders

See all posts on Meetic

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CEO Interview: Seda Berber, CEO of PembePanjur, “Turkish Version of eHarmony”

Posted on September 29, 2011

OPW INTERVIEW – Sep 29 – Seda lives in L.A. and operates PembePanjur, which is the nearest thing to eHarmony in Turkey. – Mark Brooks

PembePanjur translates to “pink shutters”. What does it mean?
People say that when they grow up they want to get married and live in a house with pink shutters. It’s a cultural and traditional terminology in Turkey. You can find the term in the movies, etc. We grabbed the cultural term and used it as the name of our company, which is based on serious relationships and marriage.

You’re based in LA and you’re UCLA educated. You’re an interactive marketer and designer. Why are you interested in matchmaking?
I have a degree in Sociology. I got into interactive design and marketing just before I came to the USA and got more education in marketing. My partner is a developer and we were working on a project. We were talking about starting an online dating site.

What is your target demographic?
Our target is 30-40 year old young professionals.

Do you like eHarmony?
Yes. We looked into the serious dating sites in more depth and then adopted the model to the Turkish culture and traditions and that’s how we came up with Pembepanjur two years ago. eHarmony was a major site that we looked into.

How many questions do you have and what line of questioning do you use on the site?
We have a combination of about 130 questions. 64 cover social and economic background and 64 are personality analysis. Our service is based upon compatibility, basically character analysis.

Did you pull on your background in Sociology or more of a Psychological profile?
It’s Sociology but the questions are not done by us. We hired a psychologist and she prepared the questions based on other worldwide known questionnaires then it was adapted into Turkish.

There are some challenges working with the Turkish market in terms of billing and regulatory issues. Can you tell us more about some of the challenges you had to overcome?
We didn’t have many regulatory problems. The biggest problems we had were the merchant accounts with the banks. Turkey still has a pretty conservative society which is reflected in the banking system. It took a while to open a merchant account. Trusting a dating site service was not on the top of their list.

You are two years in, how many members do you have?
We are 1 year and 9 months in and we have over 350, 000 active members.

How do you market the service?
We have been doing online marketing so far i.e. facebook. In the last two months we did our first public relations campaign such as TV/radio and we were also in the Sunday paper in Turkey. This is just the beginning for us; we believe doing PR is the best way to promote.

Did you see an immediate jump or was it more over a period of time?
It was an immediate jump. The day after the article in the Sunday paper our revenue went up quite a bit.

What did you do to get the attention?
We had been building relationships with a big funding company in Turkey created by the top 18 online giants. They selected us as one of the top 3 Internet projects of 2011 so that’s how we started to get the press attention.

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Karl Gregory, U.K. MD, Match.com

Posted on September 29, 2011

Karl-Gregory Match NEW MEDIA AGE – Sep 28 - Following a relaunch earlier this month, Match.com UK MD Karl Gregory spoke to new media age about the new site and what digital media can learn from a successful online subscription-based business.

Q: What are the major changes for the user following the relaunch?
A: The new Match.com site has been developed based on customer feedback. Features include new cultural data to give more insight into a member’s personality, more security controls, updates to search functionality and a new Daily 6 feature.

Q: How did the relaunch impact your ad offering?
A: Our ad technology now works to determine the most relevant audience for the ads that appear on the site, based on gender, age, location and interests.

Q: How important is customer and behavioural data and how do you use it?
A: Data is at the heart of our business. Our technology learns from people’s search behaviours.

Q: As a paid-for site service, how do you make sure advertising fits your business model?
A: We are able to be selective when it comes to our advertising partners.

Q: What for you are the most important innovations and trends this year?
A: New technologies, such as mobile apps.

by Charlotte McEleny
The full article was originally published at New Media Age, but is no longer available.

See all posts on Match.com

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Dating Profile Attributes vs. First Date Outcomes

Posted on September 12, 2011

Freedating uk logo PRESS RELEASE – Sep 9 – According to FreeDating.co.uk study, the more overweight a woman is, the more open she is to having sex on a first date. The same applies as women get taller. The younger a woman is, the more likely she is to be up for sex on a first date. Men peak in their late twenties in this respect, with younger men apparently slightly more inhibited. The more educated a man is, the more receptive he is to sex on a first date. Women, in contrast, become less open to first date sex as they get increasingly better educated. Dan Winchester, founder of FreeDating.co.uk, said "this research allows our users to target or avoid other members based on their own attitude to what is appropriate behaviour on a first date." Read the full report on this research here.

See all posts on FreeDating.co.uk

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Meetic First Half 2011 Results

Posted on July 28, 2011

Meetic logo PRESS  RELEASE – July 27 - Revenue for the first half of 2011 totalled Eur92.4M, up +1.1% compared to the same period of 2010. The total amount of money invested in advertising over the Q2 was thus Eur21.7M, compared to Eur36.5M the previous quarter. The client acquisition cost was thus Eur86.35 versus Eur72.10 over the same period of 2010. Subscriber numbers: a total of 844,435 subscribers at 30th June 2011, versus 872,047 subscribers at 31st March 2011. This decrease in the number of subscribers is due to the reduction in marketing spendings over the Q2 2011.

See full article at 4-Traders

See all posts on Meetic

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Cupid Wins Over German Online Dating Business

Posted on June 23, 2011

Cupidplc logo STOCKOPEDIA – June 23 – Cupid has acquired a 75% stake in two German online businesses, OnlineLiebe GmbH and WomenWeb GmbH, for a total of €2.75M (£2.5M). The two companies are run together by the same team in Munich, led by founder Andreas von Maltzan, who is recognised as one of the pioneers and leaders in the German dating market, having established Neu.de, Germany’s most popular dating site, which was sold to Meetic in 2007. OnlineLiebe GmbH owns sites such as Zuckerjungs.de, Zuckerdaddys.de, Gleicheliebe.de and Gayjz.de. Its leading site, Zuckerjungs.de, was founded last year and has already become the market leader in the ‘Cougar’ dating niche in Germany, as well as in Austria and Switzerland. WomenWeb GmbH is Germany's largest online community network of female interest websites with domains such as Womenweb.de, Frauen.de, Kochrezepte.de, Allegraclub.de, Esoteriktreff.de, Hochzeits-club.de and eight other portals. Bill Dobbie, Cupid’s CEO, said: “This acquisition continues our stated strategy of international expansion and is an excellent opportunity for us to gain a foothold in the German-speaking markets.

See full article at Stockopedia

See all posts on Cupid plc

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Kerrang! Radio Launches Dating Site on WhiteLabelDating.com Platform

Posted on June 21, 2011

Kerrangradio dating logo WLD – June 21 – Kerrang! Radio has launched into the world of online dating with KerrangDating.co.uk, powered by WhiteLabelDating.com. KerrangDating.co.uk aims to provide their listeners with the perfect place to meet like-minded singles. Kerrang! has won many awards in its time, from Media Brand Of The Year to Station Of The Year, taking away 21 awards in its launch year alone.

See all posts on WhiteLabelDating.com

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Lovestruck.com Offers Free Issues of Time Out

Posted on June 14, 2011

Lovestruck logo BENZINGA – June 12 – Lovestruck's singles can enjoy up to 12 months of Time Out magazine for free with a Lovestruck.com subscription. From comedy nights, hidden galleries, classic clubs and the latest bars, to film houses, hip theatres and pop-up cinemas, the iconic Time Out publication will provide Lovestruck's members with a smorgasbord of inspiring, romantic and culturally stimulating date ideas.

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

See all posts on Lovestruck

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IAC Offers to Buy Out Remainder of Meetic for 15 Euros/Share

Posted on May 30, 2011

Meetic matchcom loga REUTERS – May 30 – InterActiveCorp's Match.com unit offered to buy all of the outstanding shares of Meetic for 15 euros a share. Match.com already owns 27% of the French online dating service. Meetic is valued at 347 million euros, or $497 million. The offer is 7.3 times EV/EBITDA, with a PE ration of 13.9. Match has no plans to delist Meetic.

by Christian Plumb
See full article at Reuters

See all posts on Match.com
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