Budget

Gambling is a business like any other business out there in the world, and is based on the same things. To build it you need to invest money and time. A business needs to be promoted to become a successful one and for this you'll need an initial capital. Do not get scared off because we are not talking about huge sums of money, you just need a basic initial budget to set the site up.

At first you will need to invest for a domain name and for the site design. The investment for the domain name is a cheap one – somewhere around $10. Also, if you have any knowledge in the html programming or html edit, things are easier for you as you'll be able to set up and support your site by yourself. A larger investment is needed if you need help with the site design. For this, you can go to our forums and consult our design guru, Dean.

Monthly operating expenses brandish somewhere around $30, split in $10 for the hosting service and $20 for the links exchange service. More information regarding this you'll get in a later progressive lesson.

Now, the expenses for starting the site and operate in on a monthly basis are not too much indeed but that's not all. If you intend your business to have a fast expansion, you should also invest in buying traffic. In a future lesson, in the class 3 part you will find more details about it. For now, just think if you would want to invest in this item or not.

Supplementary Information
I opened 2 FREE accounts so that your transactions will work easily. One is a PayPal account and the other a Neteller account and both connect Merchants & Internet Users. This way you can deposit, transfer or withdraw money from your online accounts using a fast, safe and effective system to transfer Cash throughout the Internet!

I assume you are wondering now, why do you need two accounts? The answer is simple. Neteller is a service preferred by most of the online casinos all over the internet for paying affiliate commissions. The second account, PayPal is a preferred method for Internet services like buying domain, traffic etc. So, this is very easy and a better way to track your budget, one is for paying your expenses and one account is for getting your commissions.