But while most new entrepreneurs have the drive and talent to make it big, their lack of sufficient funds prevents them from reaching for the stars.
As an entrepreneur myself, I understand how restricting a startup budget can be. You have to be conscious of every little purchase you make and keep the expenses low at all times.
That is why it is extremely important for new businesses to seek cost-effective solutions for all their needs and requirements.
While it is not always possible to find resources in your budget, there is in fact one highly beneficial business solution that doesn’t just help you save money rather it helps you make more money.
The technology of VoIP helps provide businesses telecommunication solutions that aren’t just efficient but also highly cost-effective.
VoIP solutions are helping businesses save more money than they can with any other communication solution.
What is VoIP?
VoIP, short for Voice over Internet Protocol, is a new age technology that is swiftly replacing the traditional phone systems.
In fact, it has become so immensely popular that according to experts, soon the VoIP industry will be evaluated at a whopping $137 billion!
While traditional telephony transmits calls via underground phone lines, VoIP makes use of the World Wide Web to ensure communications.
The technology uses the process of SIP Trunking to break voice messages or data in tiny data packets, which are then delivered across platforms over the internet.
This allows users to communicate seamlessly at affordable rates.
3 Efficient Ways VoIP Solutions Can Help Your Small Business Save Money
However, other than being a reliable and low-cost communication solution, VoIP has many other benefits as well, all of which help your business save money, such as:
1. Flexible plans & pricing
There are a number of VoIP service providers in the market that provide high-quality services at low prices.
In fact, top service providers offer such an extensive range of data plans and pricing models that businesses of all sizes and budgets can easily sign up for their plans and avail their services.
And since there is a reasonable plan available for everyone, businesses, especially start-ups, get to enjoy the innovative technology at their own price!
This doesn’t just help small businesses maintain their budget but also helps them get value for money. Because even the most basic plans offer features that aren’t present in traditional phone systems.
2. Cheap local and international calls
While the cost of local calls is more or less in line with what your current phone company charges, it is international calling that gives VoIP an edge.
Since all calls on VoIP are transmitted over the internet, the treatment of both local and international is the same.
It is similar to sending an email. Whether you are about to email a person sitting next to you or someone sitting across the globe; in both circumstances, the email will be delivered the same way.
That’s why international calling with VoIP is significantly cheaper than it is with landline phones.
Moreover, many VoIP service providers offer plans that include free international calling to countries like Canada and Mexico, which takes the stress of high phone bills completely out of the equation.
In fact, on the off chance that businesses run out on the allotted free international minutes, the additional per minute charges aren’t more than a few cents!
As a result, businesses are able to not just communicate within the region but they can expand their horizons and attract overseas customers.
This helps generate more sales and subsequently more profits.
For small businesses, this is a remarkable feature as it doesn’t just allow them to establish their mark on the global market, but they can also keep in touch with remote employees that are working in another part of the world.
3. Innovative features
Perhaps the biggest advantage of using VoIP solutions for your business communications is that it is not just a phone service; it is so much more.
Unlike traditional phone lines that are only good for making and receiving voice calls, VoIP systems provide a range of unique services that help businesses communicate, collaborate, boost employee productivity, increase security, improve customer satisfaction and so much more!
VoIP offers a multitude of call management features, such as call forwarding, transferring, voicemail to email transcriptions, call blocking, conference calling video calling and so much more.
Moreover, it also features services, like auto-attendant, hold music and online faxing that are highly beneficial for businesses that are just starting out and in need of assistance.
With features like video calling, start-ups can hold a virtual business meeting with their employees and business associates without having the need for an official workspace.
This can save businesses a ton of money in the construction and maintenance of an office building.
Moreover, with the service of online faxing, businesses no longer waste money on hefty fax machines and a huge amount of paper that goes into printing faxes.
Similarly, features like auto-attendant not only allows businesses to operate without a manual receptionist but also maintain healthy relations with their clients as their customer service programs are improved.
Thanks to the customizable hold music, fast call transfers and a 1-800 toll-free number. That is right. You can get your own, customized 1-800 number with a VoIP connection.
This doesn’t just help your business appear credible and more accessible to your clients but increases the number of incoming calls, guaranteeing more potential client base.
VoIP Solutions: Conclusion
Today, some of the biggest corporate giants and organizations use VoIP solutions for their communication needs. And the reason is simple: VoIP is undoubtedly the most cost-effective communication tool available to mankind today!
So if you are considering switching to VoIP for your small business communication needs, I’d say that is a smart decision.
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David R. Wilson, a rising entrepreneur in Nevada. Mr. Wilson started using VoIP in 2017 after finding out about them at Top5 Business VoIP. Top5 Business VoIP is an online portal for all the necessary information about top business VoIP service providers. They provide comprehensive VoIP reviews, comparisons, articles, blog, guides and much more.