Sapar Karyagdyyev: Rebranding and Complete Turnkey Solutions: Pros and Cons07/05/2021
Entrepreneurs who can’t wait to establish their iGaming ventures typically have a common problem: the most suitable solution to operate and introduce it quickly. Sapar Karyagdyyev, CEO at Gamingtec, describes the merits of using a complete turnkey and its capability for media entertainment.
The iGaming ventures are created in two primary ways by software engineers: white label solutions and comprehensive turnkey. The former is a ready-made digital brand bought from a provider. The latter is a custom-made and modifiable solution for an iGaming website.
Sapar Karyagdyyev believes that the complete turnkey solution is the perfect choice for a large-scale company. He mentioned that one could establish an iGaming business with a complete turnkey, where the owner is in charge of relations with suppliers and funds. They can select a design, framework, payment options, and available games. This makes an original brand.
The entrepreneur can opt for a white label solution as the initial step in the iGaming and media entertainment sector. They buy an online brand with the license. White label provides a training ground to get familiar with both sectors, with content and payment providers, know gamers’ preferences, foresee and prevent unplanned situations.
According to Sapar Karyagdyyev, White Label is good for startups that are not sufficiently skilled or are novices in the media entertainment and iGaming sector. It takes the entrepreneur to a certain point where they has to change to a complete turnkey to maintain their progress.
An iGaming license is required for the complete turnkey to operate. It’s a lengthy process, but an important part of ensuring steady progress continues in the business. If the entrepreneur functions under the platform provider’s license, their clients are the platform providers. All the investment into the business will be forfeited once they decide to migrate to another platform provider. That means the entrepreneur will begin from ground zero on another platform provider.
Sapar Karyagdyyev explained that applying for a license is not a simple process, so his gaming company provides consultancy for those that wish to establish their iGaming venture on his platform. He stressed that it’s the perfect investment for clients. Specialized knowledge regarding legal complications will be shared and assured that his company would meet the technical audit requirements.
Sapar Karyagdyyev noted that he has developers eager to fulfill the requests and ideas of clients. Gamingtec involves partners (for both content and payment) according to the requirements of the platform proprietors. The company puts much effort into making available a myriad of games and payment options and seeking new partnerships.
To conclude, the white label solution functions best for entrepreneurs who are startups to the iGaming and media entertainment niche. On the contrary, a complete turnkey is a suitable option for businessmen with enough capital to own and operate an autonomous iGaming venture. With the latter, you can establish a separate brand and simultaneously have a contractor handle the development process.
There is no suitable answer to the better option between rebranding (white label) and full turnkey for running the iGaming business. Reliant on several factors, both can function well and satisfy clients’ needs. To ensure one thrives in the media entertainment and iGaming niche, an entrepreneur should confer with many platform providers, see what they offer, compare offers, pinpoint the pros and cons of each, and know their priorities. White label can be compared to a simulator or a safe playground. It is recommended for novices but with a small range of opportunities. The complete turnkey is similar to a solid framework. It is the perfect foundation to support a great business venture.
Read more about Sapar Karyagdyeev in the source.