The online space has revolutionized business, making it possible for thousands of people to start earning online. It is a fulfilling experience to start a business and see it become successful. It is the only way you can secure a solid financial future.
There are many business models with great potential for making profits. Online casino white label solution is one of the online businesses that you can do. It will feel more like owning a casino and making it your business. So, is it a good business idea? Well, you can only interrogate its merits based on a full understanding of what it is. This is why we will share critical details of this business idea.
What is an online casino business?
A casino is a gambling facility where gamblers meet to play various games. It is one of the oldest forms of entertainment with history showing the presence of casino games many years back. When casinos started, people had to go to a betting facility physically and play the games. This is why they were called gambling houses. However, the advent of the internet has transformed this space and it is now possible to find online casinos.
An online casino works typically like a normal casino, with the difference being that it offers a virtual experience. Gamblers log in to a gambling site and choose the game they want to play. They make deposits using the allowed methods and when they win, they can withdraw the money at their earliest convenience.
The feeling that a person gets in a physical casino is the same that one gets in an online casino. Gambling works on a secure platform that provides players the casino experience. Therefore, an investor just needs to become an online operator who will provide a platform for gamblers to share their experiences. The reason why many people have not gotten into this business despite the increasing demand for online operators is the technicality of creating a secure operating platform.
Luckily, this is what the white label betting solution is providing.
What is a casino white label (betting white label)?
The concept of white label solutions is one that has been helpful in the business sector. It is a simple concept where a business gets an already-made business product for its consumption. The easiest way to define it is to state that one company creates a product that another company can use. The white label casino software is an example of creation by a white label service provider. In this service, the white label company creates the white label casino online software and then sells it to another company that wants to run the white label gambling company.
The essence of this service is to make it easier for investors to get into the gambling industry without worrying about how they can create gambling websites. It is a win-win scenario for both the online casino white label solution provider and the client that buys the software.
This model of business is popular among passive business people who want to make money while they are not responsible for the creation of the gaming platforms.
Is casino turnkey solution a good online business idea?
Every business needs to be carefully assessed before entry. The due diligence conducted should be thorough if it is an online business. So, does the white label betting solution qualify as a good online business idea? Well, we will check it out for you and highlight some of the benefits and concerns that you should have before signing up for this business model.
The benefits of casino turnkey solution
Fast start
The biggest benefit that you get here is a fast start for your business. A betting white label has a solution that is already made for you. The gambling and betting websites have been created and the platform is ready for operation. You just need to brand it with your names to begin the business.
Another important thing that you should know about this venture is that it requires the capital to be ready. It is not an online business that you can start progressively; you need to buy the white label casino software and own it. Therefore, it is not ideal for people who don’t have enough capital to start an online business.
You get a reliable partner
There is nothing as important as getting a reliable partner when starting an online business. Most people think that an online business is smooth because it is not physical. You need technical skills and special abilities to be able to run an online business. With a white label casino online, you will get a reliable partner who can help you get started in this business. Some of the things that you will get here include a license and operations’ documents, a casino platform, a server, gambling software, and technical support. These are offerings that you can’t get anywhere unless you opt for betting white label.
Less costly
You do not need so much capital to get started in this business if you choose a casino white label solution. The cost of getting started using a white label betting solution is by far much cheaper than what you would pay to start it yourself from scratch. You save a lot of money because the platform has already been created and you just buy it.
Start your brand
Another benefit is that you can start your brand using the white label gambling software. The software is customizable and you just add your brand. No one will ever know that it was created for you by another company because you are the one branding it.
As you can see – a casino turnkey solution has huge benefits to offer.
Casino white label – how to start?
If you are convinced that this is a great online business idea, you shouldn’t wait to start the business. The sooner you begin; the sooner you will start making money. But this does not mean that you don’t conduct due diligence before getting started. In an online casino white label solution, many things have been done for you. You just need to check the following:
Licensing
Of course, the white label service provider promises to cover the documentation for you. But the business is yours and you need to check the various licensing requirements. You will be lucky if the white label service provider has done it for you. Every country has a unique set of requirements for companies to run betting and gambling activities. You don’t want to start your business without knowing its legality.
Competition
The demand for online gambling is increasing. In a similar fashion, the supply is also increasing. You are among the people who will be in the market to offer gambling services. You should check the kind of competition that you have before you proceed to market your business. It is at this stage that you can decide to invade new markets that have not been exploited e.g. Africa and make money using casino online turnkey solution.
Associated costs
There could be other costs associated with running an online casino. You need to factor in such costs so that your business runs smoothly when you start it. Failing to accommodate such costs in your plan makes it hard to operate if you need extra money to sustain the platform. An ideal example is a back-office support. You should know from your betting white label supplier if there are extra charges. Just ask about any other thing that they offer for a fee after selling the white label gambling software.
Marketing
You also need to know that you are in charge of marketing the betting company that you have started. You should have a robust marketing plan for you to penetrate the market and beat your competition. This might need you to have a marketing team that works effectively. The whole idea behind casino white label is to market it well since you have every other thing done for you.
These are the basics that you need to have right to get started.
How to choose the best casino white label and betting turnkey solution?
How would you know that the casino white label that you have chosen is the best? Well, the secret lies in the service they provide. You must scrutinize the service before you settle on a white label service provider.
Here are the key things that you should have in mind:
Number of casino games offered
Players are attracted to an online casino that has many game offerings. You must examine the number of games a white label is offering before you choose them. The best betting white label is that which offers many casino games for players to enjoy a variety. Such are the software providers that you should partner with.
Multi-jurisdictional license
One of the most important things that you need to check is the extent to which you can cover. An ideal range is that which provides you the best markets in Europe and America. They should have various licenses to operate in such markets. This is an important factor that allows you to operate your business without any interference.
Multilingual interface
If you want to scale your online casino business to an international level, you must also have the ability to capture the international markets using various languages. Therefore, an ideal white label casino software developer should have covered different languages and offer 24/7 support using these languages.
Existing payment systems
You need a service provider that has multiple payment options including PayPal, Neteller, Skrill, credit/debit cards, bank transfers, etc. This is because you will be offering real money games in your online casino and players will need to deposit and withdraw money.
Compatibility with multiple devices
The casino online turnkey solution should be mobile-friendly. Your clients should be able to access the games on both desktop and mobile devices. It should also accept all the operating systems that are on offer to expand the market reach.
Casino white label vs. lottery white label platform
Another alternative that you have is the lottery white label solution. Its operation is similar to that of a casino white label just that it has a different target market. In our review, we believe that the market covered by the lottery is much bigger and better as opposed to the casino.
We will compare these two business options to help you see which is better than the other.
Explanation of the differences between casino turnkey solution and lottery white label
A serious investor who wants a quick return on investment should opt for a lottery white label as it has many benefits as opposed to a casino betting white label. The lottery is loved because it has a charity angle that makes it acceptable in society. Customer loyalty will always be high when you have many players in the lottery.
WhiteLotto lottery white label – the best alternative for casino white label solution
WhiteLotto is an excellent white label service provider that designs lottery platforms for online businesses. This company gives business guarantees that you cannot get anywhere else. It is an industry leader that offers exemplary lottery solutions with the following advantages:
- A powerful software that runs on multiple devices including desktop and mobile devices of different operating systems
- The software provided runs in over 40 international languages
- Players don’t have to download the software because it works online
- Many international lotteries are added to the platform. the top games are GG World Lottery, GG World Keno, Mega Millions, Powerball, EuroMillions, etc
- Multiple convenient payment methods.
You can start your lottery online business today and experience the great benefits that WhiteLotto offers its clientele investing in the lucrative lottery business.