You can launch a poker room or casino site successfully, but beware of how you place your "Futrue Bet". The good news is that the market is enormous.
The online poker market is a $6 billion dollar a year industry. The top online poker rooms are profiting over $1 million dollars each and every day. Top poker affiliates, who refer players to poker sites, make over $100,000 per month.
You decide to start researching on how to start your own online poker room. You hop onto the search engines and before you know it, you find two dozen or so companies claiming to be capable, able, and willing to help you. Naturally, you don't get something for nothing and you realize their fees range from $5,000 up to a couple of million. You know that you generally get what you pay for, so you start weighing the pros and cons with pricing for these companies.
On the low end, you can get a website that is 95% canned, and you simply advertise it. When players sign up on your website you receive a percentage of the revenue that their gaming generates. In other words, you are a glorified affiliate with little or no control of anything else besides limited marketing with the business. (Due to duplicated website content).
On the high end, you can drop $1-$2 million dollars on fully created and customized gaming software. This will be created from scratch to match ALL of your likes/dislikes, and desires. So, you're out $1-$2 million and 1-2 years have passed while you waited for the software to be completed. Now it's complete and you have to start marketing. Once your marketing is ready to go, you need to hire 1,000 or so player props to play poker at your site so that when your first 5 poker player signups show up, they have someone to play poker against. This is the trickiest process when trying to reach and maintain the much needed player liquidity.
Option C is to join a poker network. Contact several of the larger successful poker networks and you will find that they are very selective. You must know what you are doing, have a good business background, and have a sound business plan for them to scrutinize. You will naturally pay them a small royalty percentage of all revenue that your players generate. They can have you set-up and running with customized gaming software in six to nine months. This means when your first 5 poker player signups show up at your site, they are pooled into the other players from all of the other poker rooms on the network. It typically costs about $500k to get started and the network will usually want to see a budget of $2million or more.
I reluctantly agreed and within two days, I referred many people to the new poker site. It wasn't perfect, but I figured it was good enough to get the ball rolling (oops). On the 12th day of launch I got an email from a player I referred. He had won $22k. He had requested a withdrawal, and after 8 days he got an email explaining that the max payout was $2k per week and he would have to resubmit a withdrawal request and wait 10 weeks total to get all of the money out.
The online poker market is a $6 billion dollar a year industry. The top online poker rooms are profiting over $1 million dollars each and every day. Top poker affiliates, who refer players to poker sites, make over $100,000 per month.
You decide to start researching on how to start your own online poker room. You hop onto the search engines and before you know it, you find two dozen or so companies claiming to be capable, able, and willing to help you. Naturally, you don't get something for nothing and you realize their fees range from $5,000 up to a couple of million. You know that you generally get what you pay for, so you start weighing the pros and cons with pricing for these companies.
On the low end, you can get a website that is 95% canned, and you simply advertise it. When players sign up on your website you receive a percentage of the revenue that their gaming generates. In other words, you are a glorified affiliate with little or no control of anything else besides limited marketing with the business. (Due to duplicated website content).
On the high end, you can drop $1-$2 million dollars on fully created and customized gaming software. This will be created from scratch to match ALL of your likes/dislikes, and desires. So, you're out $1-$2 million and 1-2 years have passed while you waited for the software to be completed. Now it's complete and you have to start marketing. Once your marketing is ready to go, you need to hire 1,000 or so player props to play poker at your site so that when your first 5 poker player signups show up, they have someone to play poker against. This is the trickiest process when trying to reach and maintain the much needed player liquidity.
Option C is to join a poker network. Contact several of the larger successful poker networks and you will find that they are very selective. You must know what you are doing, have a good business background, and have a sound business plan for them to scrutinize. You will naturally pay them a small royalty percentage of all revenue that your players generate. They can have you set-up and running with customized gaming software in six to nine months. This means when your first 5 poker player signups show up at your site, they are pooled into the other players from all of the other poker rooms on the network. It typically costs about $500k to get started and the network will usually want to see a budget of $2million or more.
I reluctantly agreed and within two days, I referred many people to the new poker site. It wasn't perfect, but I figured it was good enough to get the ball rolling (oops). On the 12th day of launch I got an email from a player I referred. He had won $22k. He had requested a withdrawal, and after 8 days he got an email explaining that the max payout was $2k per week and he would have to resubmit a withdrawal request and wait 10 weeks total to get all of the money out.
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