Setting Up A Premium Rate Phone Line - Know The Basics
David Smythe
This article explains how to set up a Premium Rate Phone Line, the charges associated with the setup, and the regulatory issues. It also gives an overview of some of the services you can offer as a Premium Rate Service Provider. Premium Rate Phone services offer various items to customers such as weather forecasts,hardware and software support, adult chat lines and many more. If this appeals to you as an interesting way to make money but have no clue as to how to go about it, this article will provide you with 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 Kingdom, Premium Rate Numbers begin with 0906. Premium Rate Number Services usually generate a per-call revenue of between of 0.15 and 1.5 a minute. This is a good rate and allows you to earn approximately 60000 a year, providing you offer consistent, quality services.
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 may decide to link your services to some Interactive Voice Recording System such as horse racing tips or weather forecasts. Your Infrastructure provider can help your service interface with an IVR or even a website, if you would like to draw 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 up and running, is also critical. It is only these two things, content and level of service, that can help you keep up a consistent consumer base. If your content does not follow the standards specified by ICSTIS, the agency could initiate some kind of investigation into your service.
All in all, premium rate services are a great way to earn money with a short lead time to hit the market. Premium Rate business done in a proper way can help you earn the bucks you always dreamt of.
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