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FBN’s small-business experts debate whether life as a professional wingman can turn a profit.
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Sorry yeah I think you're not Ritter what you -- product or service that you think it's an express saying let us be the judge of that Thomas Edwards turned his skills and helping his friend scored date into a business -- professional.
Weighing meant -- it came to the business.
The good idea let's ask our panel here to -- and -- and -- -- eight.
-- are -- -- returns also joining us shale wells small business executive editor rod Kurtz.
And also returning doctor Victoria -- -- Wilson she runs a dating advice web site in addition everything else so it's.
Appropriate to bring her back -- so Thomas.
Congratulations.
We congratulate all entrepreneurs you.
Sacrifice a lot of free time and or reduce but tell us how the ideas start.
So it goes back well the sophomore in college.
Five found one.
And I went as far as asking her parents for their bus and they gave it -- a week later find -- that she cheated on and but we're -- -- -- you turn added this wing man business so it through a process.
Trying to rediscover myself my standards who wanted to become and what this five year processes.
Trial in -- finding out things that worked for -- and didn't work.
So you knew that the things were working well and a bar and you thought you'd turn it into a little bit of a device service first I guess you did it for free -- -- realize you made money hello this is certain to work if it was impossible so I was out at a bar the body and mine she's really really attractive woman says.
Do you my wing and introduced me -- there so.
-- I said again pay for a drink he said I'll pay for your drink the rest that we.
Over there may an introduction in the went on -- once it the next day and I thought how long -- was just by march of 2009.
So president to give you and -- -- you've been added for a couple years we've got to move this along but how much do you charge per wing man appearance.
So those different services so it's 150 an hour for ala carte services.
-- have -- the current forty a month per phone and email packaging so if you're not in the area I can work with and how many clients -- -- Right now actually work with fourteen I've worked with over 200 in the past two years from all over the world suddenly there was a movie about this wasn't there is effectively an idea well I do next -- movie hits and tell them I was moving has -- -- member state.
So let's go to the panel Emilia what do you think of the idea.
I don't see how that how the idea what actually scale right because I mean you know obviously mean by that scale -- that gonna get a lot bigger -- get bigger through duplicate yourself is -- crosses how to actually make money out of it's good for entertainment -- -- -- how do you actually really make a living at.
Thought about that how do you think about it at all times so actually I hired to other when man and -- Going to be working in Boston and -- in -- undoubtedly had a -- audition.
-- a lot of fun just thought fashioning them we feel that a very individual service though and talk about it but then you get to know their character and their ability to help others -- -- -- and that's -- Lee Hawkins day I wanna know what's your player pedigree.
Lately I've seen likely pockets operate at a bar he could be -- -- -- bar -- What is that what is your background what qualifies you all right good question what quiet not.
-- -- from primary going through different experiments understanding what worked what didn't work well -- it.
And being able to replicate that -- working with other people ride you see this on the Internet but why don't you this these kind of -- together -- -- and that's sort.
My question is what is the barrier to entry -- this that there are a lot of -- people out there it seems like you've you've kind of head on and adjusting business model here but what's to say you know we can't come along and and started -- right now.
I'm not so this -- I think the scales a challenge and I think that the barriers to entry is challenged you know the thing I do like is that you're sort of charging a premium for premium product that partners I think it went on price they they delivered.
So horrible we have another entrepreneur who is doing something related -- -- doctors -- what do you think of the idea lie and do -- sex dating advice and I see more and more socially anxious and awkward people.
And I think that electronic not because they're texting -- macabre example -- -- and Tex and Ted at tech communication.
They're very uncomfortable with eye contact and -- -- -- many previous books was on -- specifically on dating and how to approach.
So I do think there was a great market -- -- that's -- you know we're not -- -- are you.
And up a fascinating pointed -- -- I'm -- Thomas is part of the things you've been thinking about.
People are so used to texting now have literally that they have forgotten how to do the human contact think there's so d.'s leading -- at their social skills -- -- actresses.
So how do you recover from that OK is -- very quickly panel is this gonna fail or succeed this plan.
I don't think it's gonna.
Work long -- Really how is but it's working short term and for -- younger -- -- demographic amana as you look for more substantial partners I don't know if you can fly.
They the career is manic guy -- -- -- personality if you brand this and you get a reality show.
-- -- -- -- Apparently not that's what's.
That's what's gonna take this to the next one no one -- and -- I think it will work I think it is working the question is how big and you take it you have to expand beyond -- something like that be more of a life -- like -- seems like on some doctors -- -- -- saying seminars and definitely TV show on a vehicle -- -- Are there a terrific car for a and -- went on -- are right good to see it our best ability -- a lot thank you --
