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As a result, Tinder will soon begin offering a “freemium” service to appeal to the app’s growing user base.
Tinder Plus, Tinder’s newly minted subscription-based service, will add opt-in features for a fee while maintaining the app’s free service for those uninterested in a premium account.
For two years, Tinder has been able to stay afloat without relying on any kind of revenue stream.
Now, the free match-making mobile app is exploring a new money-making model in an effort to cash in on the international billion-a-year online dating industry.
Are you a single parent seeking love that will last, a single mother in search of her soulmate that will understand her or a single father looking for a like-minded woman? It’s a single parents dating community where you will meet lots of lonely people longing for love.Due to the app’s investor backing, it had the security to grow its business growth model first and revenue model later.The company will want the added cash, however, after a recent and highly publicized sexual harassment and discrimination lawsuit brought about by a former executive.One such add-on, Passport, will expose users to more matches by eliminating geographical restrictions, providing access to profiles not limited to the user’s location (the existing model limits users to profiles within a 120-mile area).Passport will appeal to the Tinder traveler, allowing users to peruse profiles across the country and across the globe.