Could you imagine a world without any computers or any other technologies which did not genuinely exist ages ago? It looks like a nightmare for today’s generation who can reach any information with just one click for 24/7 by using an electronic gadget -Computer. Meanwhile, the role of computers in daily life continues to increase and affect the way we live. People who do not have their computer or are on a business trip and vacation can still need this gadget. As a result, new business sector – Internet cafe business emerges. It establishes Cyber Cafe or Internet Cafe where people can have access to several computer services, high-speed internet and mainly a range of online games.
Online Casino Business
Besides new ones, computers bring changes in various existent business sectors, including the gambling industry, which has switched from live casino to online casinos business. Online casinos business is one of the lucrative areas in today’s world, which yields a substantial amount of profit in a relatively short run. It becomes a part of the cafe in which clients can enjoy a variety of gambling games by one click. As a result, a lot of business-minded individuals try to make billions by investing in this lucrative industry, not depending on their experience and knowledge. Thus, you would probably like to turn this opportunity to profit and make money efficiently and enjoyably. This article will guide you for starting your internet cafe business in three steps.
First Step: Business Plan and Financial Investment
Plan of Your Internet Cafe Business
The first step in this way is to prepare a Business Plan for your internet café and define a reasonable amount of money for investment. Let’s assume you already know how you want to run your business, your audience, and the service you wish to offer. You still need to investigate the marketplace by inspecting other internet cafes on the same path, communicating to the possessors of them and researching the pros and cons of the sector. After your investigation, you should establish a deductive and clear business plan. It will cover each detail of your internet cafe business or online casino business. The project should include the number of computers and long-run operational costs.
The business plan should be based on your previous research, which will help you to run your business profitably for a long- run. An effective business plan consists of the following factors:
1. The business concept – which should explain the market and business of your cafe.
2. The market research – which should define your primary opponents, target and their needs and priorities, and the features of the marketplace.
3. The financial plan – which should describe your upcoming expenditure and income besides how you will sustain your work.
4. Last but not least, the operations plan – which should contain daily basis operations of the business. This includes working days and hours, the staff, hardware and software you will need
After an effective business plan, you should devise financial investment and the place for your internet cafe business. On the first step, you should calculate how much money you will need to establish your business. Therefore, you need to define your future daily and annual costs and revenue and to set up a financial plan. It is a kind reminder that you should have a reasonable amount of money for establishing your business. You also need to consider upcoming operating costs such as the wage of the staff, hardware and software, insurance, rent or mortgage, professional support, permits, security system, licenses, etc.
Most of the people prefer to buy second-hand hardware or hire the required devices in order not to waste money on operating expenses. If you do not have enough supply, you do not need to worry about it yet because there are some other ways to meet the desired amount:
Small Internet Cafe Business Administration
Although an efficient way is to find a partner, meanwhile the most popular and secure way is to take out the various forms of credit from the bank. You can take the Small Business Administration credit through a credit union or local bank which can ensure the reimbursement by this administration if you fail.
Home Equity Credit
Moreover, you can apply for a home equity credit; however, you need to feel confident that you can repay your debt. We want to remind you that if you cannot repay, you will give up on your property.
Internet Micro Lending Services
Finally, some internet microlending services assist you in meeting people who can lend you a small amount of money. Nevertheless, clients need to make sure that they read and research all the obligations and rules.
Second Step: Location and Licenses
An Ideal Location for Your Internet Cafe Business
One of the significant matters is to define an ideal place for running your internet cafe business. You need to use successful and effective strategies to attract the desired target market. Do not forget that you should focus on not only regular but also loyal clients. Firstly, research the potential locations that you would like to establish your company and focus on mainly the possible opponents and demand rates of these locations. You should prefer the districts in which people have high revenue and can spend money on entertainment. Furthermore, the business can be more successful and profitable if you establish it in the areas where the 5-star hotels are operating and hosting wealthy businesspeople. At the same time, you can absorb an available internet cafe which has already had regular customers.
On the other hand, you need to be far away from the location near to school, university, or college campuses in which most of the people are under 18. At the same time, you do not also prefer to set up your internet cafe near the libraries. Most of the people’s entertainment understanding is quite different in those areas.
Find an ideal place for your lucrative new business
Finding an ideal place may look difficult and a severe challenge for you. Therefore, you can get help from different firms which deal with these issues. These experienced organizations will be able to help you to discover suitable and sufficient places for your business, which will meet your budget and preferences. They can suggest you a property that they have already had or a new location which is proper to establish your company.
After finding your ideal location, you need to continue your investigation by researching and observing the property and region. It is to make sure that you will be able to run your business in the long-run. You should investigate the available records and database in order to identify how the property has been used formerly. Moreover, spend a reasonable amount of time observing the district. Then, obtain a result of the foot traffic and demographics.
Internet Cafe Business Licenses and Permits
Well! If you think that you have already passed the problematic stage, welcome to the most robust and most essential struggle of setting up your internet cafe business. It is known that establishing a new business is hard enough because of the governmental processes such as getting a license, permissions, diverse obligations, etc. If we take into consideration that we would like to run an online casino business, our struggle will be doubly hard. Getting a license and permission is one of the most critical processes of establishing online casino business. You cannot run your business or provide your clients with service without them. At the same time, it is the most significant indicator of reliability and security of your service to the clients.
We should consider that effort, duration, and charges can vary depending on the country, even the state. The policies, laws, regulations, and process of getting a license and permission for the gaming industry are different. In other words, meanwhile, some countries ban online casino business, the others do not even regulate the sector. As an owner, you need to get a license for your online casino business from specific regions which called gambling jurisdictions. The most famous ones of them are Isle of Man, Malta, Gibraltar United Kingdom, Curacao, and Alderney.
Laws and jurisdictions
These jurisdictions define the nature of the requirements for getting a license for the gambling industry. Thus, to get your permission, you need to apply one of these jurisdictions after you make sure that your business meets all requirements. It should mainly include criminal records of the proprietor and staff, particular norms of good nature, and detailed financial report. It makes clear that the goal of these requirements is not for avoiding businesspeople to establish their online casino business. They stand for ensuring that these owners can provide qualified service to the customers of the gambling industry. If you are still not sure about the situation of your business, we can advise you to consult with your attorney. He/she can guide you to get a license for your online casino business.
Third step: Hardware & Software
Internet Service Provider
If you pass the previous stages successfully, it is time to deal with details of your work. Firstly, you need to choose the provider for the internet connection of your cafe. We want to remind you that you should prefer the provider who can ensure more vigorous connection and higher speed than the one people use in their houses.
Moreover, you need to decide the type of IP address. There are two forms of IP address which you can use for your company: static and dynamic. Meanwhile, you should share out your IP address with some other clients through dynamic IP. It will give you a different new address for each login process; only one client can use a static IP address.
Design and Equipment
You can assume that the next stage is to get equipment for your internet cafe; however, you should define the design of the property beforehand. It would be more effective if you prefer to consult with professionals. This investment can avoid enormous future expenses such as damaged equipment and assure the constant and regular supply of electricity for electronic devices in your business. Finally, you can buy your device which will set up the skeleton of your internet cafe. After you have made the necessary financial calculations for the equipment, you can detect how and which devices you will purchase.
The leading equipment for any internet cafe which will deal with an online casino business can include machines and computers, RJ-45 jacks network cable, furniture, crimping tools, etc. You can purchase the necessary equipment through the internet or by going to some stores. As mentioned above, you can hire or buy second-hand equipment if you would like to save money.
Internet Cafe Business Software
After purchasing the required devices for your cafe, you can decide on the internet cafe software. You have already known that your business should supply a variety of excellent games and gambling software. Each internet cafe software business can offer various games to the clients; however, you should prefer to work with an internet cafe software business which ensures launching online casino games prosperously. Do not forget that the success of the internet cafe business highly depends on the performance of internet cafe software. Therefore, you should investigate each gambling software carefully and extensively.
Meanwhile working with expensive internet cafe software business does not mean that it will operate without any problem; getting a cheap one will not also be a rational decision. Acquiring internet cafe software looks like coming to a conclusion about the housing agreement. The expenses of the software are one of the significant factors. But there are other sides that you need to focus on, which will affect the performance of your business. Another essential factor related to software is to define the games which will be served to your customers. You will need to prefer games which can grab the attention of the gamers quickly.
Invest in a casino software
In other words, if you supply more exciting and popular games, you will get more clients. That is why you should devote a considerable amount of time to conduct research on choosing games for your cafe. The essential features of these games consist of lower cost, easy installation, instant automatic updates, 100% uptime, etc. Moreover, it is vital to know the current trends in the gambling industry. It will help you attract new clients while satisfying the existing ones.
Secure Payment System
The next and another essential stage in this way is to establish a secure payment system which defines the quality and reliability of your service. As a sensible owner, you need to understand the vital role of high-level secure payment system before starting your cafe. It is evident that the security level is an indicator of the safety and reliability of your business. Even the wealthiest gamers are not interested in playing games in a place with a weak payment system. As a result, you need to find a confidential payment system provider to provide a simple and transparent financial transaction and payments of the clients.
Supporting different currencies at your internet cafe business
Owners should take into consideration that they need to focus on various elements which meet the demands and necessities of the regional market target while choosing a payment service provider. On the other hand, vital services which a provider will be able to deliver should include advanced risk management and payment processing. It should also include multicurrency support, fraud detection, complete, and integration with all significant e-merchants. Providing the most desired products and smooth payment service will yield more profit to your business and help you to advance your experience.
Another issue related to the payment system is about the methods of the payment by internet cafe business. You need to offer multiple modes of payment which will be able to transfer the amounts safely to the clients. This service will result in positive feedback, the high reputation of your company, and a wide variety of customers. In other words, your payment method needs to include both the cryptocurrency or bitcoin currency. It should also support traditional payment methods which are based on cash or credit cards. Accepting advanced payment methods will bring your additional business benefits. However disregarding traditional ways can result in complaints of the clients. Furthermore, do not forget to make various contracts with your payment system provider. Business owner should ensure the security of financial transactions of the online casino business.