Using a ‘Pay per Head’ service to increase Profitability

When it comes to running a successful business, an owner must never lose sight of the fact that “time is money”.

This is especially true in the business of bookmaking, as it is next to impossible to complete all the tasks involved in taking bets without some outside help.

No matter how big or how small your operation may be, everyone can benefit from the services a pay per head company can provide.

Two of the biggest ways you can improve the profitability of your business is through efficiency in operations and an increase in sales.

Simply put, you have to focus all of your energy on either servicing existing customers or finding new ones.

If you are constantly getting bogged down in the administrative end of the business, you will have little time to actually work with your existing client base to grow sales from within or expand your revenue stream by expanding your customer base.

A pay per head service is designed to take all of those administrative tasks off of your plate with one low fee that is far less than you would pay if you try and perform these tasks in-house.

Most pay per head companies will only charge you for active customers so if you have a few people sitting on the sidelines while rebuilding their bankroll, they will not cost you a dime.

Another huge boost to profitability through the use of a pay per head service is the variety of wagering options they can bring to the table.

Through their association with offshore sportsbooks, they have access to sports action all over the world as well as online casinos, poker rooms and horse racing.

Many people who enjoy betting on sports look to expand their horizons from time to time so why not cash in on the opportunity to provide those options as well.

Always remember that your pay per head company works for you not your customers, so you will always have the option to customize a betting package that best suits your needs.

The main takeaway is that these options are always at your disposal for generating some extra revenue.

The reason that pay per head companies can provide all these services at such a low per head rate, is that they are staffed with a full customer service department that is solely dedicated to handling every process that goes into bookmaking.

These companies are also constantly upgrading the software and technology that goes into maintaining your individual customer’s account as well as your account as a whole.

Response time to any questions or concerns is immediate with round-the-clock support and you will always have access to all of this information though the use of state-of-the-art website that can generate a number of different reports to help run your business.

You could not even begin to duplicate all of this even if you had unlimited funds to spend on technology and why would you want to.

The concept of subbing-out services exists in just about every industry out there and bookmaking is no exception.

Another important aspect to keep in mind when trying to improve overall profitability is the fixed-cost aspect of a pay per head service. No matter how active your customers are, you still only pay one set price on either a weekly or monthly basis depending on the particular service you decide to use.

When you compare prices among some of the bigger and more established pay per head companies in the gaming industry, you will find that many of them offer a number of different pricing plans depending on your needs.

If you are only handling a small amount of action and do not require all the bells and whistles that are available, you could pay as low as $5 a head. If you are looking to go big time with a huge customer base that wants access to anything and everything, the increase in price for a deluxe package is well worth the price.

Either way, you will be able to enhance the overall profitability of your bookmaking service through the use of a pay per head service.

Tagged With :