A year ago, I have been touting the idea of doing the converging business of tour, gambling, sex and foreign-exchange (forex). This converging online gaming market that integrate tour, gambling, sex, and forex, I call it the Unified Matured Entertainment, UME.
The business is nothing new to many people but the way these joint businesses are manage do not give the consumer the complete experience. By unifying all these businesses as one entity, the client experiences the unique enjoyment and in a protected environment.
The purpose of such unified online gaming market is not to retain clients but to give clients a once a lifetime experience of what exotic leisure is all about. These kind of entertainment will only attract short term clients and there is no reason to retain their loyalty. A good reputation with satisfied clients will generate good referrals from them.
Since the beginning of the year, I have trial different business models and meeting potential partners in the related industries. I have gone through a lot of case-studies and sort out many issues to establish firmly in this new business.
I am almost done with my preparation and ready to launch on 1 November 2006 but I am hesitating to execute it because it is going to require a lot of my time and my commitment to baby-sit this new venture. For me to commit in this business, I will have to end my travel-the-world lifestyle to make this business a success.
I hope to make a decisive decision by 1 December 2006.