How To Start A VoIP Business Successfully?

The world of communication technology is changing rapidly and moves much faster than any other industry. It has the potentiality to both improve on existing phone technology and greatly reduce phone costs. This rapid growing industry is not only saving the communication cost but also creating the worldwide business opportunities. Among them, VoIP wholesale is becoming an increasingly lucrative business model nowadays. Yet, many Small and Medium Business owners are understandably wary of the technology, having heard horror stories from their peers, or having had poor experiences due to bad VoIP implementations. It is a matter of hope that, with the right knowledge and the correct set of tools (technologies & software), it is possible to implement VoIP in a manner that is extremely reliable and effective
as well as profitable. This is the reason that makes VoIP so popular as a means of communication and business. Here we are exploring some of the basic concepts involving in setting up a dependable VoIP business. IP business usually doesn’t require huge initial costs and might be highly lucrative if done properly. This means that all peculiarities of the business must be taken into consideration.

Following are the prerequisites of VoIP business:

• Hardware Equipment
• Software
• Clients- traffic consumers or resellers
• Ensure sufficient Bandwidth

Hardware Equipment:

To run a VoIP business you should have some hardware. Hardware related to VoIP is Gateway, Router, a well configured PC or Laptop, LAN card and so on.

• Gateway:

A VoIP gateway is a device which converts telephony traffic into IP for transmission over a data network. There are lots of VoIP gateways available today in the global market, and its demand has increasing dramatically and the prices also very reasonable. Analog VoIP gateways start at as little as $200. SBO a software solution for VoIP Termination works with any types of VoIP gateways.

• A PC or Laptop:

You should have some basic idea about MS excel to generating bill for your clients. In addition, if you would like to apply software or bandwidth solution i.e SBO, you should have a PC configured with SBO ISO and your PC should be locally connected with Gateway Device.

Software:

• SoftSwitch:

Most important software for VoIP is Softswitch. It is the central device in VoIP Company’s network. So, it is very important to select a high quality and stable softswitch which has integrated billing system, because billing is very important part of IP Telephony. It will help you to monitor and collect CDR (Call Detail Record) to generate bill for your clients. A quality softswitch should have the functionality of convertibility from VoIP to TDM (Interfacing with physical Switches) and complete switching and billing platform for IP based telecommunication service providers. For example, SyncSwitch, it gives users a wide variety of business model implementation possibilities including Calling Card, Call Shop, Call Back, PC to Phone, Mobile Dialer, Device to Phone, on net calling and so on. And also support all commonly use codecs.

• Bandwidth Solution:

Beside this, you will need some (third party) solution to reduce business operation cost and to develop service quality. Synchronous Bandwidth Optimizer (SBO) is a complete solution for VoIP service provider. It reduces the bandwidth consumption by 80% which directly cuts down the operational cost. Moreover, it uses multiple internet connections for VoIP termination. This provides the opportunity to do business with low cost shared bandwidths and still maintain superior voice quality. As it has the ability to use multiple connections it can distribute the load evenly among the networks very efficiently and performs failover on demand.

Clients- traffic consumers or resellers:

Well, to run a VoIP telecommunication business you should arrange some clients or suppliers by yourself. They are the main contractors in VoIP business. The providers buy international VoIP traffic from their suppliers and sell it to clients. One VoIP company can be both your suppliers and clients as well. Your company should have corporate pages on internet communities. It will help you to communicate with your clients and other providers. Moreover, social media pages like facebook, linkedin, twitter and so on, is also a good source of marketing and communication. ...