In this article, we will give an idea of the profits that you can make from offering Premium Rate Services. The article also goes into how you can best achieve a meaningful profit within a relatively short time. If you have a well-thought-out business model in place, Premium Rate Number services is a good way to make money.
Your cash registers will start ringing quickly if you can offer services for which there is a genuine market. You can make approximately 60000 per year with a complete return on your investments within a couple of months after starting.
First decide on the kind of services that you will offer to make your business an instant success. Try to make it unique; a "me too" service may not take off and you could end up being among the many people who have had to quit.
Advertising is another essential element that you need to attend to after you start a service. For premium rate services, the most effective kind of advertising is print advertising. Taken together, a helpful service and proper advertising will help you hit your targets. Next, let us find out how much money you can make by offering Premium Rate Services.
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.
You can make a profit of 50 to 60% or even more, depending upon your volumes, if the services offer really are of value to your customers and you provide excellent services. A recurring customer base will help you hit revenue targets consistently.
What are some of the most popular ways to earn money from Premium Rate Services? Among the best money earners are weather services, adult chat lines, and horse racing tips. If you can effectively promote these services, they will bring in the money that you would like to make. Do you have some innovative ideas that you feel will sell? Start offering them. Who knows -- your idea could be one of those that people are eagerly waiting for.
Adhere to 100% compliance with all legal and regulatory matters. Register your services with ICSTIS and keep your business clean on paper. You will surely not want to have a regulatory body bother you once you have a fully running business.
Your cash registers will start ringing quickly if you can offer services for which there is a genuine market. You can make approximately 60000 per year with a complete return on your investments within a couple of months after starting.
First decide on the kind of services that you will offer to make your business an instant success. Try to make it unique; a "me too" service may not take off and you could end up being among the many people who have had to quit.
Advertising is another essential element that you need to attend to after you start a service. For premium rate services, the most effective kind of advertising is print advertising. Taken together, a helpful service and proper advertising will help you hit your targets. Next, let us find out how much money you can make by offering Premium Rate Services.
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.
You can make a profit of 50 to 60% or even more, depending upon your volumes, if the services offer really are of value to your customers and you provide excellent services. A recurring customer base will help you hit revenue targets consistently.
What are some of the most popular ways to earn money from Premium Rate Services? Among the best money earners are weather services, adult chat lines, and horse racing tips. If you can effectively promote these services, they will bring in the money that you would like to make. Do you have some innovative ideas that you feel will sell? Start offering them. Who knows -- your idea could be one of those that people are eagerly waiting for.
Adhere to 100% compliance with all legal and regulatory matters. Register your services with ICSTIS and keep your business clean on paper. You will surely not want to have a regulatory body bother you once you have a fully running business.
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 fat residual income checks from premium rate numbers and premium rate lines. Visit Premium Rate Telecom now to start your service.
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