Updated October 24th 2018
Want to earn more cash and build your sportsbook empire? We know that running your own business isn’t easy. That’s why we’ve dedicated our business to helping your business.
Stay on track and scale your business with these 5 online bookie steps that will help you achieve your dreams. Save, print, or bookmark the below infographic so you can always stay on track, and know your meeting your goals to retirement!
Online bookie agents can create a sustainable sportsbook business. The way to do that is for agents to transition from bookie agents to master bookie agents.
Master bookie agents run sustainable sportsbook businesses, with multiple revenue streams, subagents, and players.
5 Tips to Create a Sustainable Sportsbook Business
Check out 5 tips on how to create a sustainable sportsbook business. If you have any questions or want to know more about growing your sportsbook business into a sustainable
sportsbook empire, the PayPerHead team is just a call away.
Tip #1: Partner With PayPerHead.com
As we said, our business is helping your business. That means when you sign up for PayPerHead.com you get hooked up with your own Account Success Manage. They work one-on-one with bookies to ensure they’re making the most out of our platform.
With access to TruLive wagering, you can also double your profits. There’s no need to worry about lagging or missed opportunities—there’s no third party-platform to worry about.
Tip #2: Get All Players To Using Cryptocurrency
Players can only pay you via the agent payment system if they use cryptocurrency transactions.
If you wish to create a sustainable sportsbook business, work to switch your players from making credit card and other fiat currency transactions to making cryptocurrency transactions.
The faster players pay you, the faster you can sustain your cash flow.
Tip #3: Utilize the PayPerHead Agent Payment System
The most important aspect of sustainable businesses is cash flow. What money comes in and what money comes out.
Also, how fast does money flow into your business and how fast does it flow out.
Using the agent payment system, you can ensure that money flows into your business right away. All you must do is set up a settle alert.
Once the settle alert pings you that a player owes you money have the player send it to you via the agent payment system.
Tip #4: Offer Internal Referral Programs
You can take advantage of the PayPerHead referral program—and you should.
However, you should also run your own referral program for your players by offering wagering credits to any player that brings in a new sports bettor.
Sustainable businesses consistently build revenue. They then turn that revenue into profit. You can’t create a sustainable business if you’re not selling.
You’re not selling if you’re not convincing new players to bet through your sportsbook business.
Tip #5: Try to Hire Subagents With Their Own Sportsbook
Hiring subagents with their own book of business allows you to build the current business by just hiring employees. That’s a great way to build your sportsbook and make it sustainable.
Eventually, you could hand over a percentage of your business to your very best subagent, have that subagent run the day-to-day, while you retire to Maui, kick up your feet, and live the good life.
Building a sustainable sportsbook isn’t rocket science, however, it is hard work.
If you’re considering updating your sportsbook status to a pro-master agent, it’s time to speak to a PayPerHead rep. They’ve helped thousands of bookies, just like you, take their business to the next level.
Plus, if you sign up for PayPerHead’s Prime Package today and you’ll get it all for just $3 Per Head.