How to Make Money Using Premium Rate Numbers

You wont become a millionaire using Premium Rate Numbers however with a little patience and perseverence you can produce an excellent source of passive residual income for doing very little work. In this blog I will aim to share all my expereince using Premium Rate Numbers and how I have been able to successfully make about $300.00 per month spending couple of hours a day, I know that I could make a full time salary if I put more effort in which I will do in the future.

How Premium Rate Numbers Work

Premium rate numbers are special numbers which have an extra charge associated with them, normal calls may cost about 5 cents/pennies a minute however premium rate numbers can cost upto $10 or £1.50 per minute. The reason for the high cost is that there is a premium attached to the service you provide. Many Premium Rate Numbers provide a bespoke service such as Technical Support to Horoscopes and Adult content. These numbers are completely legal and as long as you are operating within the law there is potential to make a great deal of money.

How to Purchase a Premium Rate Number

Purchasing a Premium Rate Number is relatively simple, there are many providers out there and who provide excellent service as they are now all regulated by offcom, there is a one off cost to these numbers and once you own the number any calls made to that number is revenue generated for you. I recently purchased a several numbers from PremiumRateIncome and NumberGroup both of which have been extrememly successful for me. The Lines are set up within a few days and the company provides live online data to monitor how well your lines are doing.

My Earnings Report

I purchased 4 lines on the 01 June 2009, it has been approximately 1 month and 10 days. Two of the lines were purchased from PremiumRateIncome and cost only £28.00 - the provider also provided free advertising for my lines at no extra cost, the cost of making a call to these numbers was £1.50 per minute of which I would keep £1.20.

The other 2 lines were purchased from NumberGroup at the cost of £22.00, unfortunately no advertisment was provided however these numbers that I purchased enable me to point them to my Land Line phone. The calls were charged at 10 pence per minute of which I would keep 7 pence in revenue.

Here are my Stats so Far ; (Drumrole Please)

Premium Rate Income - 40 Days Duration so far

I have recieved a 118 calls, this is roughly 3 calls per day.
These calls usually last 6 minutes however the average duration of the call was 3.45 minutes
For each call I recieve £1.20

Earnings = 118 * 3.45 * £1.20 = £488.00

NumberGroup - 40 Day Duration so far

I have recieved calls amounting to 4879 Minutes this month.
These calls have been from cold callers and from my family and friends.

From these calls I have made £0.07 for every minute.
Total Earnings = 0.07*4879= £341.00

Total Earnings in 40 days = £829.53
Average Earnings Per Day = £20.00

As you can see this amount is not going to make you a millionaire overnight however you will be able to make enough to pay the bills and mortgage or just invest the money for the future. Remember that this is passive income and the only required effort is at the beginning and just maintenance for the duration. I aim to set up more lines using the profits I have made to see If I can make even more money so please bookmark my blog for future updates.

Strategies You Can Use to Promote Your Numbers

With premium rate numbers the more you promote your numbers the more money you will make. Most of the companies whom provide premium rate numbers offer a great deal of advertising packages for your numbers. I recommend you start with a small budget and see how much income you can generate, once you get a feel for the return you can start investing more money on advertising on a larger scale.

Cold callers that constantly call you to sell products can call you on your premium rate number that points to your landline, this way you can generate income while the cold callers call you. If you can take to these cold callers for a hour every day then you can make upto £150 per month which can contribute towards the monthly groceries.

There are many other illeagle ways to make money using premium rate numbers and I would recommend you steer well clear of these, if the providers of these numbers find out of these illeagle activities then they can cancel your number and prosecute the perpertrater. These illeagle activities include calling your number from other peoples phone. Hacking into phone lines using #90 and then making calls to the number or Bluesnarfing a mobile phone and making calls from other peoples mobile phones.

I really hope this log has been helpful to you, if you have any questions please leave a comment and I will try and help you as much as possible. You can find some links to these Premium Rate Numbers on this page if you are interested in persuing this passive income generator.