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Thursday, January 17, 2008

Premium Rate Sms Text - Fantastic Messaging Services For Sellers

By David Smythe

This article details "everything you need to know" about Premium Rate SMS services, and highlights how this service can be used to improve business. The article also addresses the set-up procedure and how to operate a successful Premium Rate SMS service.

All of us often get a message in our mobile phones saying that there are exciting prizes if we can answer the quiz. Once we answer the questions the messages get billed to our phone bill for the next month. This service is known as Premium Rate SMS service and the revenue generated is shared by the service provider and the operator. The example mentioned is known as reverse billing. The SMS is sent using a short code.

Premium Rate SMS service is also an useful tool for companies who want to give their customers an easy way to contact them. Your customers can contact you using this short code and resolve their queries. How much you want to charge your customer depends upon you. Now let us understand how we can setup a Premium Rate SMS service.

Many companies offer Premium Rate SMS platforms to assist you in getting a headstart in the business. Once you have your structure ready, you can start immediately. Operating a Premium Rate SMS is also easy. The customer first punches in a keyword to a 5 digit short code; the SMS server then responds by sending an automated message. Customers are charged up to 5 per message.

Various different services can be offered through this service. They include generating response from advertising and promotions, newsletters, paid for text to win competitions, financial and sales information, betting tips, voting, dating services, and lottery numbers.

Be careful about the revenue-sharing agreement you have with your operator. Make sure yours is a win-win situation. Before starting your services, compare services and prices with at least two of them before signing up with a company. Doing so will give you an overview of the support services and common revenue-sharing models; it will also help you determine how to get the best deal.

Some operators are eager to sign you up for a minimum one-year contract. Remember, however, that one year is considerable when it comes to Premium Rate SMS service. It is best to always have the option to terminate the contract within a 3 month period.

To set up a new account usually requires less than 24 hours. You are in business once you have the application ready. With effectual advertising, you can start quickly earning revenues. Remember to register your services with ICSTIS, the UK's regulatory body for Premium Rate Services.

In your first year in business, it is very possible to generate up to 52000 per year. This is based on an average of 6 messages daily at .60 per message and a subscriber base of 40 customers. This is definitely good money for your investment.

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1 comment:

Unknown said...

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