ADVICE SOMEONE READY TO ESTABLISH A GAMBLING PLATFORM BUSINESS
The intention for creating this thread is to hear about our general opinion, suggestions or best advise we could give to someone who is ready to establish a gambling platform as a business, if we are in the same position, what will be our response toward these few questions.
1. What are the first things to put in place before starting?
2. What are the strength and weakness to consider with gambling platform?
3. Can you hire a person to be in charge, for the business management of the gambling platform?
4. Is it a profitable business base on your own experience or from what you have seen others achieved from establishing one?
I have always wondered to start a crypto gambling site because I know it has all the potential to generate huge profits.
But we need huge capital to start with and keep the site up and running and I couldn't figure out where I would get that capital from.
So here are my thoughts based on my experience.
1. Ofcourse the initial capital is the first and foremost thing required to get started with.
We need to lay out a blueprint of the site and number of staffs required to operate the site and the costing for each service provided on the site based on which the initial capital can be set.
2. The strength is that it can generate huge profits once it takes off and weakness is that we need to get clearance for the policies and regulations to operate the gambling site in various countries.
3. It would be mandatory to hire people with various skills to operate the site.
4. Yes ofcourse it's highly profitable.