Prepaid Phone Card Industry Turning the Corner!

Since 2001 the prepaid phone card industry has been struggling immensely. Wrought by increased competition (everyone was flocking to the industry to make a quick buck), decreasing margins, poor management (let's face it many people running phone card businesses had little business knowledge) and corruption the industry flowed down hill until 2003 - 2004 when so many companies came crashing down.

Well it looks like that is a thing of the past and phone card business is starting to show signs of a comeback. Consumer confidence is now almost renewed and the decreased competition has driven rates back into an acceptable area where carriers can now actually make a profit! As long as the business keeps their heads about them, and stays at a manageable number hopefully those of us that stuck with it can actually start to make profits again! I am not looking for ridiculous profits, just a reasonable return for my time and efforts. You will never catch me driving a BMW and living in a million dollar home like many people I new in the industry. My profits get reinvested in to the future of my company!

To all others who have stuck it out in this industry, I say congratulations and keep on trucking!