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Premium Profits Rate - More Than You Could Ever Imagine!

Jan 17, 2008
In this article, we give you an idea of the profits that you can make from offering Premium Rate Services. We also delve into how you can best achieve a meaningful profit quickly. If you have a well-designed business plan in place, Premium Rate Number services is a way to make good money.

If you can offer services for which there is a genuine market it would not be long before your cash registers start ringing. The amount of money that you can make is around 60000 per annum - maybe more - maybe less. The return on your investments is achieved within a couple of months after you make your investments.

You need to decide on the kind of services that you would offer to make your business an instant hit. A "me too" kind of service may not hit off well and you will be one among the many people who have had to shut down shop. Another important factor that needs to be taken care of once you start a service, is advertising.

Print advertising has proven to be the most effective kind of advertising for premium rate services. A great service and proper advertising can help you achieve your targets. Now let us understand how much money you can make by offering Premium Rate Services and what would be your rate of return.

Setting up a Premium Rate number is relatively inexpensive. Some operators set up a number free of charge while others charge a one time fee of 99. It's no secret that they make their money from calls that customers make to your premium rate number.

Hence, the initial investment of setting up is nominal, though you may need to spend money on the IVR and the advertisement costs. The revenue calculation is simple and with a daily customer base of 30 calls per day you can earn 60000 per year. We have estimated an average hold time of 6.5 minutes per call.

Calculating the return percentages we can say that you can make a profit of 50-60% or even more depending upon your volumes. This is possible if you provide excellent services to your callers and the services offered really add value to them. A recurring customer base can help you achieve consistent revenue targets.

Some of the most popular ways to earn money from Premium Rate Services is by offering adult chat lines, weather services and horse racing tips. If you can promote effectively then these services can still bring in the money that you are looking for. If you have some innovative ideas that you feel can sell, it is suggested that you start offering them. Who knows if your idea could be the one that people were eagerly waiting for?

Comply 100% with all regulatory and legal matters. Keep your business clean on paper and register your services with ICSTIS. You will surely want to avoid having a regulatory body bother you once your business is fully operational.
About the Author
It's a fact. You can make money in your sleep with premium rate numbers and premium rate lines. Earning money will never be this easy! Earn huge residual income checks from premium rate numbers and premium rate lines. Visit Premium Rate Telecom now to launch your service.
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