In a time when people seem to be shying away from psychics and things that are related to divination, it is easy to conclude that phone psychic businesses are on a decline. While this may have some truth to some extent, the best and most reputable phone psychics out there still make plenty of income especially during days when economic times are difficult. Indeed, in desperate times, phone psychics find their own incomes rising.
This should encourage you to set-up your own phone psychic business if you have the talents. Of course that is the first prerequisite. You have to be a credible source of psychic information, unless you want your business to go down immediately.
The first thing that you have to consider is to get a psychic reading from an established phone psychic. This will allow you to find out how he/she conducts his reading and may be able to guide you with your own. Learn from the experts, as they say.
Then you will have to consider the time of the day when you can accept calls. Do it during a time when you are sure that nothing much can bother you. During this time, make sure that all distractions are absent. Usually this is during mid-afternoon or in late evening, when most activities are done already. After this, you will then have to decide on your fees and on what basis you will make it. This can be every half-hour or every hour. What I can suggest is to make an expert's charges your base, and try to work from there. Of course you initially cannot charge the same amount as an expert if you are still beginnning.
Furthermore, you also have to consider the mode of payment. I suggest you use Paypal, which can take credit card and debit card payments on your behalf. Set up a Merchant Account for this.
Finally, advertise. Make an ad on your local newspaper or start your own word-of-mouth marketing scheme, although this will be more difficult.