Yes, Money Talks! But What Exactly is Premium Conferencing?

As we all know, phone conferencing is nothing new. Itcombination of the perceived value of the cost of the
has been around for years, and there are manycall to the caller together with how the event is
companies pushing even more brands in the hope ofmarketed.
capturing a slice of this particularly lucrative pie.If such conferencing is to be used in a 'one-to-many'
Applications might include a company that deploys it informat, having a hundred or so callers simultaneously
order to hold a sales briefing with their remotecall in means that the 'open' conference is out of the
workforce.question - just one participant with a screaming child in
In the UK, such services are typically offered 'for free',the background would end up ruining the entire event
in return retention of a proportion of the accruedfor everyone.
revenues generated by participants calling in toTo this end, upon calling, participants are asked if they
conference.would like to join the queue for a chance to speak to
Premium conferencing, as the name suggests, simplythe host, who can monitor all activity on their
takes that concept one stage further. Participants doconference in real time via their internet-enabled PC.
not call a 0845 'sharecall' number to take part - rather,He or she then talks 1:1 with the first caller, with all
they call in on a premium rate number instead.others listening in, including those that elected not to be
The conference is hosted by anyone that adds valueplaced in the queue - so audience participation is an
to the call in order to justify the premium rate element:option, not a prerequisite.
this could be a celebrity, a sports personality,Alternatively, such technology can be deployed to
astrologer, lawyer, or expert in any given field. Thatfacilitate ad-hoc 'one-to-one' revenue generating
person then receives the majority of the accruedvalue-added phone calls, such as legal advice: the
revenue - not least since they initiated the calls in thelawyer need not invoice the caller: rather, the caller
first place.pays for their counsel on a per-minute basis instead.
Such technology can also be used to hold fundraisers:Furthermore, since premium rate billing already features
celebrities, for example, could agree to donate ain most developed countries, money can be made on
proportion of the funds generated to their favoritea global scale, and not just a national one. Such
charity. Good PR for both the celeb and, for a change,numbers can be promoted in conjunction with the
premium rate - and useful money for a worthy causeworld's first truly global medium, the internet, allowing
in the process.conference hosts to make money from Afghanistan
The success of such phone 'events' depends on theto Zimbabwe.