Can VoIP Phone Systems Save Your Small Business Money?
Out of all the business phone services, Voice Over Internet Protocol (VoIP) phone systems have steadily risen in popularity with small businesses over the past few years.
In fact, nearly one-third of North American businesses are reported to be currently utilizing VoIP phone systems, with the global VoIP market projected to grow from being valued at $20 billion in 2018 to an estimated $55 billion by 2025. 74% of businesses using VoIP are doing it via mobile devices, and Android VoIP brings in over $90 million in revenue each year.
So, what's the cause for this sudden boom in VoIP phone system usage? Aside from their outstanding telecommunication accommodations, simplicity to use and install, as well as their multi-versatile purposes, the bottom line is that small businesses can save themselves hundreds, if not thousands, of dollars by switching over to VoIP phone systems.
What Is VoIP?
VoIP is also known as voice over Internet Protocol. Its primary job is to route calls through the business Internet instead of a landline and is commonly used with on-premise and hosted phone systems, so the information is transmitted at less cost than a traditional system.
The system offers a consistent mobile phone option line with additional features, including:
● Call transfer, hold, and recording
● Caller ID
● Virtual numbers
● Call screening
● Contact lists
● The ability to connect a desk phone with a cell phone via an app
VoIP Changes with Your Company
VoIP is also customizable, so whether your business increases or decreases, the phone system is designed to be scalable. This means whether you need to remove lines, add more in, or increase the number of features your system has, the system can accommodate this, making it a more affordable and efficient option.
Are VoIP Phone Systems Affordable?
VoIP systems are becoming increasingly popular with businesses because they deliver reliable telecommunication services and offer multifunction features that can help you save money.
There's no longer a dependence on an analog phone line, and all that's required is an Internet connection. The prices are affordable and can range between $15 and $45 a month, depending on the company and features you choose.
Save Big By Switching to VoIP for Your Business
Let's look closer at how VoIP phone systems can potentially save your small business some serious money!
Less Maintenance
A general rule of thumb for most business phone services is that the more equipment you have, the more expensive it will be. Suppose you're implementing a business phone system that features ample amounts of hardware. In that case, it's practically inevitable that expensive maintenance, repair, and replacement bills will have your small business ultimately footing the bill.
Instead of having to depend on an analog phone line, all you essentially need with VoIP phone systems is a VoIP adaptor and an internet connection to make high-quality phone calls. This means never having to deal with any potential hardware failure or analog technical difficulties that will require paying a technician to fix.
Affordable VoIP phone systems will help save your small business sustainable amounts of money to avoid pricey installation or maintenance fees.
Customizable Phone Plans
Rather than setting up an intricate landline phone system and paying monthly or annual service fees for a phone provider, VoIP phone systems allow for more freedom and flexibility when it comes to paying for a plan that's most applicable to your small business.
Research regarding the general costs of VoIP phone system plans include:
● The average business saves 30-50% on their annual phone bill after switching to a VoIP phone system.
● Average costs for VoIP phone systems are expected to decline by 3-5% in the next few years.
● Small businesses switching to VoIP phone systems have reduced local phone call costs by up to 40 percent while saving an average of over $1,700 per month in cell phone and long-distance call expenses.
Because VoIP phone plans are far more accommodating to businesses' needs than traditional company phone plans, small business owners can pay as they go with their VoIP phone system and pay flat, up-front costs rather than accumulating usage or data fees.
When you're utilizing your Internet connection to make calls instead of landlines or cell phone plans, you can say goodbye to having to pay for long-distance charges or any interstate fees.
Flexible Mobility
If you're frequently traveling on behalf of your small business, then having a business phone plan that emphasizes flexibility and mobility will accommodate your job and lower your overall phone bills.
With VoIP phone systems, you only need an IP connection to log in and make a call. This allows for more calling options out of the office, compared to depending on landlines, conference phone systems, or reliable cell phone network coverage.
Dependable Connectivity
When your small business receives professional installation for a VoIP phone system, the quality and dependability of your calls will help you avoid wasting more time (and money) on the phone.
Reports have shown that businesses that switched to VoIP phone systems can reduce an average of 32 minutes of phone calls per day per employee. Much of this is due to depending on a secure and reliable Internet connection rather than spotty landline service or cell phone coverage.
In fact, inadequate conference call connectivity has been estimated to equate to an average annual loss of $34 billion in revenue for businesses worldwide!
Should Your Business Make the Switch to VoIP?
Deciding whether your existing system is the best option or whether it's time to make a switch comes down to your needs. The VoIP system is going to offer you enhanced mobility for employees who are working remotely, and you're to get more versatility with time and money-saving features like call screening, automated attendance, and mobile apps.
VoIP systems are highly flexible and able to scale to meet your company's changes through the years while offering you cost savings of up to 50% on services like long-distance and local calling.
Reap the Business Benefits of VoIP Phone Systems
If you want to learn more about how VoIP phone systems can benefit your business and save money, Lighthouse Technology Solutions is here to help! Our telecommunication services and solutions will help your small business find the most efficient and cost-effective company phone system and plan to ensure you're getting the most bang for your buck.
Contact us today to request a free quote on our services, or give us a call at 612-345-9177 to speak directly with one of our telecommunication professionals.