VoIP, Voice over Internet Protocol, is basically using your internet connection to power your phone service. Advanced hosted telephone technologies offer many advantages over the traditional phone system, leading to its increasing popularity among business owners. In 2016, worldwide consumer VoIP traffic is expected to reach 158 petabytes per month. What is a petabyte you ask? To put it in more concrete terms, this is equal to the power of roughly 2.6 million 64GB iPhones!
Instead of dealing with the hassle of a typical phone service contract, VoIP gives you the power to leverage the internet connection you most likely already have. Some businesses who are hesitant to go 100% VoIP or are under a binding contract with their existing voice carrier are opting to utilize a hybrid-based system – providing the best of both worlds.
Now that know what VoIP is and how quickly it is growing worldwide, you may be wondering how VoIP can benefit your bottom line:
1. Lower Cost
In general, the cost of your traditional phone is going to be substantially more than that of your VoIP costs. Under many plans, you can expect to see up to a 50% cost decrease. With cloud-based VoIP technology, you can see even more long-term savings through features such as free system management, automatic upgrades, and zero maintenance costs. The diversity and growth of this market mean there is a wide range of different plans that can work for your unique business needs.
2. Higher Functionality
You might think that by being the lower cost alternative, switching to VoIP automatically means compromising on several important business phone features. You would be wrong! VoIP business systems offer a unique mix of low-cost communication with all of the features of an expensive enterprise-level system.
With the evolution of the mobile workforce, traditional analog phones are simply not cutting it. Many VoIP solutions allow you to create virtual extensions, transfer calls to an external number, set up mobile softphone, and enable SMS notifications. Basically, your office can be anywhere you want it to be – providing it has Internet access!
3. Maximum Efficiency
Did you know that approximately 50% of all voice conversation is made up of silence? VoIP fills the empty silence spaces with data so that the bandwidth in your data communication channels is not wasted. In addition, VoIP business systems tend to use energy much more efficiently than traditional phone systems, making it a green choice for your company. Speaking of green, did you know that with a VoIP system you enable paperless faxing? Multiple users or departments can send and receive faxes directly from their computers.
If you feel like your business is lagging behind in voice technology, whether you currently have a system or are a first-time buyer, VoIP business systems will not only save you money and increase efficiency, but you won’t have to compromise on critical features.
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