What system should I use for my forecast

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What system should I use for my forecast

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charliescomet

posts: 11

Sep 12, 2008 12:05 AM ET Quote Report Abuse

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What systems can I use to calculate a 5 year forecast for my dating site?

robertj

posts: 1458

Sep 12, 2008 11:55 AM ET Quote Report Abuse

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I not sure what you mean by "systems"?

Why do you want to create a 5 year forecast?

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charliescomet

posts: 11

Sep 12, 2008 4:02 PM ET Quote Report Abuse

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Yes, just trying to get a formula because when I have check out a 5 year forecast online, they have so many elements that I dont need for a dating site.Trying to get a basic structure

robertj

posts: 1458

Sep 12, 2008 4:54 PM ET Quote Report Abuse

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I`d begin with the essential assumptions for revenue such as

Conversation ratio-
LTV (lifetime customer value)
Advertising rates (if applicable)

charliescomet

posts: 11

Sep 12, 2008 5:40 PM ET Quote Report Abuse

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Thanks!

LolaC

posts: 3

Sep 19, 2008 12:27 PM ET Quote Report Abuse

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If you`re willing to spend a little bit of money, I used a business plan software that walks you through financial projections. It was $75 I think. Here`s the website if you`re interested:

http://www.bankablebusinessplans.com/index.php?sec=online_tool

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