This article will explain how to set up a Premium Rate Phone Line, the charges associated and the regulatory issues. It will also try to give an overview of the services that you can offer as a Premium Rate Service Provider. Premium Rate Phone services are used to offer various services to customers such as hardware support, weather forecasts, adult chat lines and many more. If you find this as an interesting way to earn money but got no clue as to how to go about it, this article will give you a clearer picture.
The infrastructure set up and running the services is easy. You need to narrow down on an operator from whom you want to avail your services. Check out all aspects before closing in on one particular operator. The revenue sharing, support offered, back up and disaster recovery and legal and compliance issues all need to be clarified before you start doing business with any particular operator.
In the United Kindom, Premium Rate Numbers begin with 0906. The revenue that can be generated from Premium Rate Number Services are generally between 0.15 and 1.5 per minute on a call. This is no mean amount and gives you the opportunity to earn around 60000 per year if you are offering quality services consistently.
Once you have decided on a certain line of service, you can talk with any of the operators that provide Premium Rate Services. But you will need to decide on the package that suits you. This is because operators offer various kinds of packages to service providers. You can choose a custom package if you feel that your business requires one or select a pre-built packages that includes ready-made services.
You can also choose to connect your services to an Interactive Voice Recording System like horse racing tips or weather forecasts. The Infrastructure provider will help you interface your service to an IVR or even a website, if you want to direct call traffic to a website.
Before you try to set up your business, be aware of an important regulatory angle. This has to do with the entire Premium Rate Services story. You have to register your services with ICSTIS, which is the governing body that regularizes Premium Rate Services across the entire U.K.
The rules that govern Premium Rate Services have become more strict because of the many scams and frauds that have occurred. Remember: you will not be able get any operator to offer you services without a service provider license from ICSTIS.
The content you offer, once your services are running is also critical. It is only the content and your level of service that can help you keep up a consistent consumer base. If your content is not following the standards as specified by ICSTIS there is a chance that it may initiate some kind of investigation against your service.
Premium rate services are a fantastic way to earn money. With just a short lead time before hitting the market, a Premium Rate business done properly can help you earn the money you have always dreamt about.
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