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Earn Money From A Premium Rate Number - Easy Way To Become Rich

Jan 17, 2008
This article explains how you can make money by using premium rate number services. It provides tips on how to promote your services fast and how to start generating revenues quickly. For years, service operators have used Premium Rate number services to offer specialized service to consumers to generate revenue.

In the United Kingdom there are many service providers who offer premium rate number services and charge per minute for the services used. The service operators can charge up to 1.50 per minute for the services used.

How can you earn money from Premium Rate Number services? First decide on the type of service you want to offer customers. Choose from a wide variety -- anything from horoscopes to horse racing tips, from joke lines to adult recorded stories. Other services that have a good chance of attracting customers include virtual chat lines, technical support for hardware and software, and many more.

It is important that you verify the contents of your services before offering , otherwise there is a chance that ICSTIS may initiate an investigation against you, if they feel your content violates any of the regulations that governs premium rate services.

Now the next question that we may have is what is the earning potential from premium rate services. The earning potential is substantial. You can earn 120 per day if you offer quality services. If you have a recorded story line which pays you 0.85 per day with an average holding time of 6.5 minutes you can make 5.5 per call.

On average if the service gets 30 calls per day the earning potential stands at 165.75. Annually the earning potential stands at 60000. This is by no means a small amount considering the time and effort that needs to be given to the business.

You might also consider Premium Rate SMS services, where the earning potential is even more. With SMS services, once a customer asks for a service, messages are sent at intervals until the customer sends a stop message. If the service charges 0.60 per message and 6 messages a day are sent out to one customer, you stand to earn 3.60 per day per customer.

A subscriber base of 30 customers generates up to 108 per day, or approximately 39000 annually. This may appear to be less compared with the Premium Rate Call service statistics mentioned above. However, the popularity of messaging services can generate more revenue than call services.

Effective advertising of your services will help create a successful Premium Rate Number business. And print is the proven medium. Although print advertisements are expensive, they will provide more of a return on your investment.

Websites, of course, are also proving to be effective, cost effective medium where you can promote your services. Advertising your services on a high traffic website will increase your chances that your Premium Rate services will shortly become popular. It is wise to conduct thorough market research before you start your Premium Rate Number services. If you do not do this, your business could die quite quickly, like many other small businesses.
About the Author
It's a fact. Make money in your sleep with premium rate numbers and premium rate lines. Earning money will never be this easy! Earn huge residual income payments from premium rate numbers and premium rate lines. Visit Premium Rate Telecom now to start your service.
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