How to Lose Your Money on Premium Rate Numbers!

The aim of this blog is to attract the attention of those who intend to purchase a premium rate number or set of premium rate numbers in the near future.

The type of Premium rate numbers that this blog pertains to are the ones which start with 0906/0908 and so on, the type that usually cost anywhere from 60 pence to 150 pence per minute to call.

These types of premium rate numbers are regulated by PhonepayPlus and are sold online by various premium rate number merchants. The cost of these numbers can range anywhere from an eye catching £24.99, to well over a hundred, and in even thousands of pounds in some cases.

When you purchase your premium rate number, you are usually given an online account. You can use this account to monitor how much money your premium rate number is making (if any). The amount of money you make from each premium rate number depends on the rates set by the premium number rate merchant. The vast majority of premium rate number merchants that I've come across have their rates set at about 50/50, that is, if your premium number costs £1.50 per minute to call, you will receive 75 pence per call and they'll keep the rest.

So, for the average Joe, with a view to making some quick cash, 25 pounds seems like an irrefutably good punt. After all, if I'm using my premium rate number to charge my customers £1.50 per minute, and I'm therby entitled to half of that figure then, surely, I'm on to a straight-forward winner, right?

Wrong, because, as with most cases which involve making money - things are never usually straight-forward. This case is no different... having browsed this site that was selling singular premium rate number packages for 25 pounds, I was almost about to part with my cash up until I had read the terms & conditions thoroughly (something that you should always do!!!!) to find a few shockers.

Tags: How to, Lose Money, Premium Rate Numbers, 0906/0908, premium number costs

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Can I Make Money with Premium Rate Numbers?

If you read my last blog on how to lose money with premium rate numbers you may have believed that the prospect of making money with premium rate numbers was an outright gloomy one. Not so:

In fact, the opposite is the case. More critically, the aim of my last blog was to encourage potential premium rate number purchasers to make sure that they have an understanding of what they are getting in to. If you haven't yet read my blog I recommend you read it first.

Now...

I in this post will try to provide you with some useful tips on how to make money with your premium rate number. In order to proceed, you first need to ask yourself the following question: what kind of service am I going to offer people? You may want to set up a premium rate number based advice line, where you offer people technical support or strategic guidance. You may want to setup a premium rate number service that helps people with problems be it in the family or at the work place and so on. You may want to set up a premium rate number service that offer gamesters tips on the latest video games. You may want to setup a premium rate number service which provides tips and advice on how to date the opposite sex. You may want to setup a joke, horse racing or even an adult chat line.

As you can see, there are many things you can do, many services you can provide people, with a premium rate number. If none of these ideas entice you straight off, I'd recommend you take some time to have a good think about it. Perhaps, you could invite some mates over to discuss potential avenues, and come up with more ideas for potential services to offer. Taking this quality to time out of your days to come up with viable, well-thought ideas will be beneficial in the long run.

Once you have found your idea, and are ready to per sue it, make sure you refer to my earlier blog (click on the link at the top of the this post). In my earlier blog, I gave a brief introduction on how premium rate numbers work, how you can earn money from owning one, and a whole host of things associated with the process in general. I also touched briefly on advertising premium rate numbers. Making money with premium rate numbers is certainly not for the faint hearted, it's requires a great degree of patience, persistence, innovation and most important of all hard work. But so do most things in life, work at it, stick with it, focus and reap the rewards.

There are many people in the country today who are making an absolute fortune via premium rate services, so why can't you? Well, the answer is: you can! The future of your venture in this sector resides with you. Only you can make it happen. Keep a close eye on my up and coming blogs. I will focus on topics like "how best to advertise your premium rate numbers" "how to make money from SMS premium rate services" "how to maximise your premium rate number/sms earnings" and much much more...

Tags: Premium Rate Numbers, lose money, making money, sms earnings

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