|
#1
|
|||
|
|||
Starting An Online Poker Room
I have no plans of actually doing this. What would be the process of starting an online poker room? You would obviously need investors. How much money would it take? The fact is their are online poker rooms and their are some people who have started them and are getting the benefits. What would be the process? lets keep this thread serious
|
#2
|
|||
|
|||
Re: Starting An Online Poker Room
1) unlimited starting funds.
2) expertise to get some credibility over security (servers, cash transfers, etc.) 3) unlimited marketing budget 4) patience 5) go back to number 1) 6) ...... 7) profit! As a business owner, i wouldnt invest in an online poker room honnestly. Too much competition and very few ways to stand out from the crowd. |
#3
|
|||
|
|||
Re: Starting An Online Poker Room
I talked to the manager of one of the Ipoker skins and its actually not as much money to start one as I thought.
He said $500,000 is the absolute minimum and 2-3 million is a better amount to start with. He said its pretty rare that they all together fail but a lot of them are not the insaine cash making ventures that most people believe they are. I'd assume creating an indendant network like Poker Stars or Party did would require a lot more. I would almost certainly invest in an online poker room if I knew the owners and management were credible and competant. |
#4
|
|||
|
|||
Re: Starting An Online Poker Room
I have a great idea for a poker room that i am sure would blow up and be very profitable however i do not have assets or guidance to a team of investors.
|
#5
|
|||
|
|||
Re: Starting An Online Poker Room
You should consider preparing a business plan, you can also just sell the idea and let others execute in the way they prefer.
|
#6
|
|||
|
|||
Re: Starting An Online Poker Room
If you idea truly is great then getting investors is not an issue. My experience though is that most people think their idea is better then it actually is. I get pitched business ideas a lot. Most are average to bad with a few being just insane yet the people who had them think they are great.
|
#7
|
|||
|
|||
Re: Starting An Online Poker Room
LOL, wow you just blew it, why would you offer such a great idea for free?
-Michael |
|
|