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What are Good Online Bussiness Ideas to Start Today? Rosloto Expert Answers

If you want to start a successful online business project today, it is essential to keep up with the progress of modern technologies. When I got interested in launching my own business, I didn’t know which direction was the trendiest. It turned out that the online gambling sphere has been flourishing and has pretty favourable conditions for the new entrepreneurs. Moreover, with such proficient helpers as Rosloto, it won't take you long to get the first profit. 

Online gambling business ideas

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Why Online Gambling Business is a Good Idea to Start Working With Today

Generally, if a person wants to start earning money by themselves, there must be a checklist of features that a project should possess to grab the attention of an entrepreneur. In case of an online gambling business there were several such peculiarities. 

Total market revenue

The numbers of the global gambling business are pretty amazing. By the end of 2018, the total market revenue equalled more than $44.1 billion. Moreover, it doesn’t stop to grow and is estimated to reach $50 billion by the end of 2020. Pretty impressive amounts for such a young industry. 

Pay-off period

Further than that, each new operator feels completely safe over their money. If your platform is organized according to all standards and launched in an appropriate region, you will start receiving the first net profit in just 3-6 months after the beginning of the operation.

Apart from that, you also need to understood the golden business rule — the more you invest money in your project, the more you will eventually get back. 

Swift organizational period

Online gambling license

With the professional help you will have only 3 weeks waiting for the official permit, dealing with all other issues, like software purchase, website development, and staff search. By the way, some countries have particularly tempting conditions when it comes to licensing. Check out the most popular options:

  1. Costa Rica. Non-refundable payment — $15K. Monthly renewal — $1,5K.
  2. Curacao. Security deposit — $37K. Annual renewal - $75K (for the first 2 years). No taxes.
  3. Gibraltar. Non-refundable payment — $22K. Annual renewal - $2,2K.
  4. Malta. Non-refundable payment — $55K. Taxes — 5% of income.
  5. The Isle of Man. Non-refundable payment — $1,2K. Annual renewal - $43K. Taxes — 0.1-1.5% of gross revenue, depending on your income.

Advertising capabilities

With the insane development of internet technologies, it won’t take you long to figure out the best ways of promoting your online gambling platform. First of all, it is better to turn your attention to affiliate programs. Considering the target audience, it is a real bargain. Apart from that, pay attention to SEO, SMM, and some blog-writing solutions to increase the coverage of the advertising. The most important part here is to remember to reinvest up to 70% of your profit into promotion. Sounds like a sheer waste? Not until you get back several times as many resources as you invested.

Is it Possible to Get Yourself a Platform Without Extra Efforts?

Online gambling is a perfect business idea to start today. So, even if you don’t want to care about the entire process, you can easily hire a team of professional service providers from Rolsoto. Their specialists will offer you a turnkey business option that includes the development of the entire project.

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Author: Clara Hazel
iGaming business expert
11.30.2019
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