Dating apps are all the rage. Instead of going to a bar or out in public, we’re now living in a world where we can sit on our couch, in our sweatpants and talk to guys/girls instantly. Dating apps have made life easier to date and easier to make money.
Dating apps make money off of subscription plans, advertisement and one time purchases which allow the user to access premium features. Subscriptions typically are charged monthly, every 3 months or every 6 months.
We’re going to break down the many ways that these dating apps and services have created road blocks to get as much as they can from their users. Between blocking features, limiting your use and requiring a paid membership to even join, we’re going to break down all the different ways that dating apps make money.
How Dating Apps Make Money
There are three different methods in how dating apps make money:
- Subscription Service
- One-Time Purchases
Subscription models are better business-wise for a company because of the consistent payments. Almost all of the dating apps have deferred to this type of business model.
Subscription services also lock in the user to using just their app, as most users will seldom pay for more than one dating app. Having a financial commitment from a user will typically increase the usage of the app.
We’re going to break down how each popular dating app uses their subscription model, one time purchases and advertisements to make money.
The main business model that most, if not all dating services have is a subscription model. This means that a user will pay a designated fee a month.
On average, users will pay up to $20 a month to access all of the premium features, and in the case of platforms like match.com, will pay that fee just to enter the website.
Here are some of the popular dating apps and how they’re making money…
Tinder Gold & Tinder Plus are the two subscription models that Tinder has created, urging their customers to pay for additional services.
Features That Come With Subscription: Tinder Gold, as we wrote about here, allows the user to access unlimited swiping features, the ability to hide your age, change location, rewind to missed swipes, additional super-likes, and the biggest feature in being able to see who likes you.
Bumble is a female friendly platform that allows the girl to make the first move once they match with another user. If the girl doesn’t want to respond, the user will then expire after 24 hours and be gone forever.
Features That Come With Subscription: Bumble Boost is the subscription name that Bumble offers. Similar to Tinder, users are able to see who likes them and match with them instantly.
As mentioned, users will expire after 24 hours, Bumble Boost gives you ability to extend with your time sensitive connections in hopes they just didn’t open the app for 24 hours, or to really get their attention. Last, you’re rematch with connections that expire after the 24 hours.
Match.com, one of the oldest dating sites and services out there, is one of the first to offer a subscription service to it’s users. As their tagline states, “More Marriages, More Users”, match.com allows users to create profiles and match criteria with what the user is looking for.
Features That Come With Subscription: Match.com forces you to pay to even use their service. Different from other apps and services, which typically have a free trial or limit features, match.com completely limits you from using their platform without payment.
This may seem like a bad idea initially, but we’re predict this is why their success rate is so high, as their users are serious about dating. Committing $35.99/month is a hefty investment compared to other apps.
Hinge is the newest of all our apps on the list. Their marketing campaigns are focused on being the “app that you want to delete”, insinuating to it’s users that you’ll find your true love on it.
Just like all of the other dating apps, Hinge has a subscription model which focuses on additional features.
Features That Come With Subscription: The features that come with the Hinge preferred membership are seeing who likes you, setting advanced preferences such as education, family plans and vices, and finally sending unlimited likes.
Plenty Of Fish
Plenty Of Fish is a mobile app that is similar to the other mobile apps on this list. It allows for free functionality, with a paid premium membership. Plenty of fish users who pay will be tagged with a gold star.
Features That Come With Subscription: Premium membership features include uploading 16 images, unlock every user’s extended profile, see if your emails were read or deleted, show up on first on “meet me”, ad-free, find out what date and time someone viewed your profile, stand out in all searches, send three gifts a day.
“You’re about to go on better dates” as they advertise on their website. OkCupid launched as a site that’s free for basic usage and has been for a long time. It wasn’t until recently they caught up with the rest of the dating apps and added a preferred service.
Features That Come With Subscription: OkCupid launched a subscription service called “A-List” which allows for members to see who views their profile, read their messages and also browse profiles without anyone knowing.
Coffee Meets Bagel
Coffee Meets Bagel competes directly with the free to use online dating apps on this list. Coffee Meets Bagel almost forces the user to pay as there is a very limited amount of what the user can do compared to the other apps. Users are allowed 5 likes per day and users can only chat for 7 days.
Features That Come With Subscription: One of the more interesting features on the list is Coffee Meets Bagel’s activity report, which shows stats on the a users profile – whether they’re active, respond back and more. They’ll also gain read receipts and 6,000 beans to spend on other premium features.
One Time Purchase (Features)
Another revenue stream is one time purchases. This is a feature that most of the subscription apps offer, however it’s for a one time purchase.
Each app has it’s own stripped down preferences as a way to sell “low hanging fruit” to users who don’t want to commit to a long term membership.
For instance, dating apps will make money by offering a fraction of a service for a one time purchase. This could be boosting your profile for 24 hours, seeing who liked you profile briefly, or getting coins to purchase features.
These one time purchases are a great way to try out a product to see if the subscription price is worth it, however these one time purchases often cost more.
Companies will often have advertisements that will pop up as you’re swiping through potential matches. Tinder is notorious for doing this, as users will more often than not click or swipe on the advertisement if they’re swiping a rapid speed.
This advertisement often relates to dating, but we’ve seen food, household and even MTV advertisements while swiping. Advertisements open another stream of revenue for the company, which is easily implemented into the user’s experience.
Mobile dating apps use subscription services, one time purchases and advertisements to make money. These revenue streams are common among all mobile dating apps.
This is often referred to as a freemium model, which allows users to use a majority of the app for free, with restrictions. The restrictions will hopefully entice the user enough to want to purchase the full product.