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If it is broke, fix it!
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Charge More and Demand More
Than Your Competition

Key Idea #3: eHarmony was late to the matchmaking business. They first started in business to teach the principles found in Dr. Warren's book, Finding the Love of Your Life. Yet, being late gave to enter the field to be an online dating service had its advantages. First, they could look at what everybody else was doing and do it better and differently.

Topic for Discussion: How is it that they are winning customers by being the most expensive and the most time consuming of all the match services on the web?

Answer: Singles are exhausted by the dating process. The quick and the cheap has already been tried and there is a group of singles that have been burned by quick and cheap online services. Also, plenty of men have told us that dating is expensive because women want to be taken to very nice places. Not only do men have to fork over hard earned dollars to go on a date with someone that they have no idea will be a good long-term match for them, they have to spend hours on the date.

Let's just think about the price first. Spending $49 a month or $249 for a year to use eHarmony could save a guy hundreds of dollars and plenty of Friday nights. For a woman, the money invested in eHarmony is more about safety than about saving on the cost of dating. By letting eHarmony match them and screen potential dates when two singles who decide to meet in person do so it is only after the relationship has been somewhat established. The cost of the service is worth the reduction in risk it provides.

If time is the #1 commodity that no one seems to have enough of, why would an eHarmony customer be happy to invest over an hour in the first step of the process?

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1. Turn A Small Idea Into A Big One
2. Fix Something That Is Broken
3. Charge More and Demand More...
4. Attract The Biggest Brains
5. Accommodate The Hard-To-Win...
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7. Keep Your Promises
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And though it only took us one hour to answer the 436 questions for the personality profile, we know people who have taken as long as three hours to complete the questionnaire.

Of course, time is not an issue to any singles looking for their soul mate, The goal to is to get married to the right person. Everybody knows the pain of divorce To find that right personand is easily worth the time. For many, it is the only unfulfilled expectation. People often have the best job and live at the best address but they are alone and they don't want to be alone.

eHarmony has set itself apart. As Dr. Buckwalter says, they are far more than any typical dating service.

What do you think? What can you do to make price irrelevant? Should you raise your prices? What would you have to do to your product or service that would allow you to raise your price?

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