This article will explain how you can make money by using premium rate number services. The article gives tips on how to promote your services fast and start generating revenues quickly. Premium Rate number services have been used by service operators to offer specialized services to consumers and generate revenues.

Many service providers in the United Kingdom who offer premium rate number services and charge per minute (up to 1.50 per minute) for 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.

Let's talk about earning potential. The earning potential from premium rate services is substantial. If you offer quality services, you can earn 120 per day. You can make 5.5 per call with a recorded story line that pays you 0.85 per day with an average holding time of 6.5 minutes.

On average if the service gets 30 calls per day the earning potential stands at 165.75. Annually the earning potential stands at 60000. This is by no means a small amount considering the time and effort that needs to be given to the business.

You might also consider Premium Rate SMS services, where the earning potential is even more. With SMS services, once a customer asks for a service, messages are sent at intervals until the customer sends a stop message. If the service charges 0.60 per message and 6 messages a day are sent out to one customer, you stand to earn 3.60 per day per customer.

A subscriber base of 30 customers generates up to 108 per day, or approximately 39000 annually. This may appear to be less compared with the Premium Rate Call service statistics mentioned above. However, the popularity of messaging services can generate more revenue than call services.

Advertising your services effectively will build a successful Premium Rate Number business; and print is the proven medium. Print advertisements are expensive but provide more return on your investment.

Websites, of course, are also proving to be effective, cost effective medium where you can promote your services. Advertising your services on a high traffic website will increase your chances that your Premium Rate services will shortly become popular. It is wise to conduct thorough market research before you start your Premium Rate Number services. If you do not do this, your business could die quite quickly, like many other small businesses.