This article illustrates how you can make money by employing premium rate number services. It provides tips on how to promote your services and how to generate revenues fast. With an aim toward generating revenue, for years service operators have used Premium Rate number services to offer specialized service to consumers.
Many service providers in the UK who offer premium rate number services charge per minute, up to 1.50 per minute, for the services used.
Now let us try to understand how we can earn money from Premium Rate Number services. You need to decide on the kind of service that you want to offer to your customers. It can be anything from horoscopes to horse racing tips and from joke lines to adult recorded stories. The other services that can be offered to customers include technical support for hardware and software, virtual chat lines 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 a service receives 30 calls per day, the earning potential is 165.75, or 60000 a year. Considering the time and effort that you need to give to the business, this can make you very comfortable.
You can also make money from a Premium Rate SMS service. The earning potential is even more in SMS services because once a customer asks for a service, messages can be sent at intervals until there is a stop message received from the customer. If the services are charged at 0.60 per message and 6 messages are sent out to one customer then the earning potential stands at 3.60 per day per customer.
With a subscriber base of 30 customers, the income generated is up to 108 per day, or about 39000 per annum. This may be less compared to the Premium Rate Call service statistics mentioned above but the popularity of messaging services most likely will generate more income 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, too, are proving to be effective, cost effective media to advertise your services. If you advertise your services on a high traffic website, chances are that your Premium Rate services will become popular in a short time. Conducting thorough market research is essential before you start Premium Rate Number services. Otherwise your business will most likely die quickly, like too many other small businesses.
Many service providers in the UK who offer premium rate number services charge per minute, up to 1.50 per minute, for the services used.
Now let us try to understand how we can earn money from Premium Rate Number services. You need to decide on the kind of service that you want to offer to your customers. It can be anything from horoscopes to horse racing tips and from joke lines to adult recorded stories. The other services that can be offered to customers include technical support for hardware and software, virtual chat lines 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 a service receives 30 calls per day, the earning potential is 165.75, or 60000 a year. Considering the time and effort that you need to give to the business, this can make you very comfortable.
You can also make money from a Premium Rate SMS service. The earning potential is even more in SMS services because once a customer asks for a service, messages can be sent at intervals until there is a stop message received from the customer. If the services are charged at 0.60 per message and 6 messages are sent out to one customer then the earning potential stands at 3.60 per day per customer.
With a subscriber base of 30 customers, the income generated is up to 108 per day, or about 39000 per annum. This may be less compared to the Premium Rate Call service statistics mentioned above but the popularity of messaging services most likely will generate more income 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, too, are proving to be effective, cost effective media to advertise your services. If you advertise your services on a high traffic website, chances are that your Premium Rate services will become popular in a short time. Conducting thorough market research is essential before you start Premium Rate Number services. Otherwise your business will most likely die quickly, like too many other small businesses.
About the Author:
It's a fact. You can make money in your sleep with premium rate numbers and premium rate lines. Making 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 start your service.
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