The owner of a valuable 800 toll free number who attempted to illegally sell the number to an undercover agent faces stiff fines according to regulations set by the Federal Communications Commission.
By law, phone numbers cannot be sold or brokered. In 1997, the FCC made the sale of 800 numbers illegal. Because of the short supply of available numbers, complaints were pouring in at that time that price gouging for the popular numbers was becoming a common practice. The FCC acted quickly, prohibiting sales.
According to the FCC, anyone who is caught hoarding or selling toll free numbers will face severe penalties. In the past these have included an $11,000 fine per incident.
The demand for 800 numbers is at an all-time high. Finite supplies of available 800, 888, 877 and 866 numbers are plummeting. Making the situation worse, hopes that the new 855 numbers would soon be released have been dashed as insiders report the launch of the numbers may be held off until 2011. Meanwhile more than two-thirds of available numbers have been taken and millions of news numbers are registered each year.
According to the FCC, toll free numbers are becoming increasingly popular for business and personal use. The supply of retired numbers is low because toll free numbers are so effective in helping businesses thrive. Toll free numbers increase market reach, enhance customer confidence, establish recognition of brand image, and sustain businesses during times of a weak economy. Because businesses that offer 1-800 numbers prosper, disconnected numbers returned into the system are scarce.
In an unstable economy, small businesses need reliable marketing tools to increase the flow of new and repeat business and compete with bigger, sustained companies. Toll free numbers instantly win customer confidence and give new businesses the jumpstart they need to grow into sustained companies.
Advisors say the best way to obtain a toll free number before supply runs out is to use a legal, reliable toll free service provider that has access to the database of available numbers.
Filed under: Information | Tagged: 800, 800 number, auction, ebay, number, phone, resp org, resporg, sell 800 numbers, vanity | 81 Comments »