Love is ranked between physical safety and self-esteem in Maslow’s hierarchy of needs. It may come as no surprise, then, that as people lose their jobs and face other personal crises, they evaluate their lives in terms of having someone to love and lean on or cling to. This intensified awareness has triggered a boom in the matchmaking industry.
Gone are the prim and proper spinsters of the Victorian age placing unlikely partners together to fulfill society’s demands. Matchmakers of today run the gamut from individuals serving local clients to national online dating services.
Matchmakers from all segments of the profession report that their client load is up markedly compared to a year ago.
The Millionaire Matchmaker, a reality show in which Los Angeles-based Patti Stanger uses her matchmaking skills to pair wealthy men with beautiful women, is also finding success in its second season.
All of this goes to show that love is good business.
Recession-Proof Romance
Matchmakers Are Enjoying a Boom Economy
Trend Themes
1. Booming Matchmaking Industry - The matchmaking industry is experiencing a significant increase in client load, creating opportunities for innovation and growth.
2. Increased Demand for Love and Companionship - As people face personal crises, there is a heightened awareness and desire for finding someone to love and lean on, creating opportunities for disruptive innovations in the love and relationship space.
3. Shift Towards Online Matchmaking Services - The rise of national online dating services indicates a shift in the matchmaking industry towards digital platforms, presenting opportunities for disruptive technology and user experience innovations.
Industry Implications
1. Matchmaking - The matchmaking industry is experiencing a boom in demand, creating opportunities for innovative approaches to matching individuals based on compatibility and niche markets.
2. Reality TV - Reality TV shows like The Millionaire Matchmaker are finding success by showcasing the matchmaking process, creating opportunities for innovative formats and content.
3. Online Dating - The rise of national online dating services highlights the potential for disruptive technology and user experience innovations in the online dating industry.