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It's been a couple of years so my info is probably retarded and it was for US-based premium SMS services (not talking WAP):
1. Find an SMS aggregator, who will be your middle-man between your service and carriers.
2. Acquire an SMS shortcode
3. Setup the SMS campaign with the aggregator: programming aside, must get carrier approval before you can sell your service.
4. Charge money for your premium SMS / downloads. Rake in what's left after the aggregator and carrier take their cut.
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