Starting a poker training site...

meathman 007

Ok basically i have been thinking about starting a poker training site - imo there is a major gap in the market for a specific training site - i have a couple of unique sellings points in mind that I feel would set the company apart from the competition.

I genuinily believe there is a large amount of money to be made in this venture - however i do think it is vital that the business plan is put into place asap.

Now, i am looking to see if there is any interest from people on here in such a venture - i would be looking for 3-4 people to start up the business with me - each with an equal share holding.

Seems like a good place to post this, as i think its important to get people with a lot of knowledge of the poker industry involved.

Pm me for further information/discussion

ghost-snot

party poker already have one

semibluff

would this be akin to cardrunners - but a european version?
how far has the development of this gone, or are you still at idea stage?

meathman 007

semibluff wrote: »

would this be akin to cardrunners - but a european version?
how far has the development of this gone, or are you still at idea stage?

I dont want to go into the ideas i have for the site here for obvious reasons

But yes it would be something similar to cardrunners - i am at the idea stage

5starpool

The exact same thing occurred to me a couple of days ago with regard to live consultations and sessions as well as online reviews etc. I have way too little drive and imagination to make anything like this succeed though.

God knows there are enough people out there that could do with a little poker educaction.

dannydiamond

meathman 007 wrote: »

i think its important to get people with a lot of knowledge of the poker industry involved.

Er,I think you're probably right.

Rb

Online or live?

If online, I wouldn't bother.

Bandara

Nice idea but your about 5 years too late in my opinion.

The 'Poker Boom' is over and is now in decline, expect to see a return to the old regulars playing in the clubs and less newbies coming in and looking to learn.

It would take you close to a year to get it up and running and your then looking at 2009. Selling training/training products is a very volatile business (I've a lot of experience in this area), I can confidently see training products and instruction tools been giving out free by the big sites in order to attract signups in the near future. The software to design online training products is now very simple to use and very cheap in comparison to several years ago.

I really think it would be a bad move at this stage, poker is a losing hobby to many people, they are not interested in paying to learn it, their ego tells them they are better than they are already, the quantities required to make a venture feasible would not be there. Its akin to running courses in picking winners at horse racing, people would rather loose their money than have to pay to find out where they are going wrong.

ianmc38

Hammertime wrote: »

The 'Poker Boom' is over and is now in decline, expect to see a return to the old regulars playing in the clubs and less newbies coming in and looking to learn.

Why do you think this?

meathman 007

Hammertime wrote: »

Nice idea but your about 5 years too late in my opinion.

The 'Poker Boom' is over and is now in decline, expect to see a return to the old regulars playing in the clubs and less newbies coming in and looking to learn.

It would take you close to a year to get it up and running and your then looking at 2009. Selling training/training products is a very volatile business (I've a lot of experience in this area), I can confidently see training products and instruction tools been giving out free by the big sites in order to attract signups in the near future. The software to design online training products is now very simple to use and very cheap in comparison to several years ago.

I really think it would be a bad move at this stage, poker is a losing hobby to many people, they are not interested in paying to learn it, their ego tells them they are better than they are already, the quantities required to make a venture feasible would not be there. Its akin to running courses in picking winners at horse racing, people would rather loose their money than have to pay to find out where they are going wrong.

i think i disagree with pretty much all of this tbh - online poker in America will be legalised within 6 months and imo another explosion will happen as a result

Bandara

meathman 007 wrote: »

i think i disagree with pretty much all of this tbh - online poker in America will be legalised within 6 months and imo another explosion will happen as a result

Fair enough, as I said its just my opinion, I spent 5 years involved with developing training and educational software for multiple business setups like this in a variety of different industries, both online and live. The return is rarely close to the projections that the company has predicted, yes they have a fantatic product but its one that 90% of the market either doesn't want, wants but doesn't want to spend money on, or can get cheaper by using inferior products (the nature of this business means the benefit of a particular training package/program isn't quantifiable before it is purchased, therefore it becomes a very hard sell if your even marginally more expensive).

Its a savagely tough business and the first thing to go when things get tight is any form of spend on learning tools.

I know I'm being very negative but success stories are few and far between sadly.

Macspower

I have an involvement in a Swedish company setting up something in this line coming to Ireland in the next few months...

Details are still sketchey until my return from Sweden next month... Watch this space

Van Dice

Hammertime wrote: »

The 'Poker Boom' is over and is now in decline, expect to see a return to the old regulars playing in the clubs and less newbies coming in and looking to learn.

every day i wake up and pray online poker will boom in china and asia in general

stewiegriffin08

Hammertime wrote: »

Nice idea but your about 5 years too late in my opinion.

The 'Poker Boom' is over and is now in decline, expect to see a return to the old regulars playing in the clubs and less newbies coming in and looking to learn.

It would take you close to a year to get it up and running and your then looking at 2009. Selling training/training products is a very volatile business (I've a lot of experience in this area), I can confidently see training products and instruction tools been giving out free by the big sites in order to attract signups in the near future. The software to design online training products is now very simple to use and very cheap in comparison to several years ago.

I really think it would be a bad move at this stage, poker is a losing hobby to many people, they are not interested in paying to learn it, their ego tells them they are better than they are already, the quantities required to make a venture feasible would not be there. Its akin to running courses in picking winners at horse racing, people would rather loose their money than have to pay to find out where they are going wrong.

Your definalty wrong there mate, Im 17, recently I started playing poker and I love it, even in the college there is poker nights every thursday.... It is rising, Alot of people I know are only starting to get into poker... I would be in favour of this learning site, and I think your on to a good idea.

THEIRISHMOB

Van Dice wrote: »

every day i wake up and pray online poker will boom in china and asia in general

I totally agree with you VAN DICE.
But you have to ask yourself why hasent Asia taken to poker yet?
Also, companys like pokerstars and fulltilt must see the potential in Asia yet why has it not taken hold there yet?
I know gambling is illegal in a lot of Asian countrys, maybe this is the barrier.!!

This is the untapped market.
Ive done business in Asia for the last 10years and this is the market anyone with ideas for poker should be aiming at.


Regarding poker in decline, I think in ireland it is.
Its too expensive for new players to enter the live game. ok play a few tournys but live cash is savage for new players. there only hope is learn online and try build a bankroll. Just some of my thoughts

kakak1

meathman 007 wrote: »

online poker in America will be legalised within 6 months

interesting, any grounds for thinking this

eagle eye

Lets just hope Barack Obama wins the Democratic nomination and then goes on to be president. He has admitted to liking Poker and to having played for cash. That would be a very big step in the right direction if he succeeds in becoming the first African/American US President.

semibluff

his user on stars is Ih8GW

ozpoker

eagle eye wrote: »

Lets just hope Barack Obama wins the Democratic nomination and then goes on to be president. He has admitted to liking Poker and to having played for cash. That would be a very big step in the right direction if he succeeds in becoming the first African/American US President.

Sort of like what Bill Clinton did for the War on (Some) Drugs. Don't hold your breath.

-Oz-

Rb

eagle eye wrote: »

Lets just hope Barack Obama wins the Democratic nomination and then goes on to be president. He has admitted to liking Poker and to having played for cash. That would be a very big step in the right direction if he succeeds in becoming the first African/American US President.

Obama is against the expansion of gambling, thinks that "moral and social cost of gambling, particularly in low-income communities, could be devastating." And, with casinos, "you'll have a whole bunch of people who can't afford it gambling their money away, yet they're going to do it."

Doesn't mind about Las Vegas but is definitely against the expansion, which I would assume includes the internet.