VoIP Business is one of the rapidly growing sections of the
telecom industry. VoIP or voice over internet protocol is the outcome of the
combination of traditional technology and internet protocol. Similar to every
other business there are some advantages and disadvantages of VoIP Business.
And for a businessman who wants to start in this sector, it is necessary
to know the pros and cons of VoIP Business. Knowledge about potential gains and
some relatively common issues beforehand helps one to manage the business
efficiently.
Pros
- Easy to start: Starting a VoIP business is relatively easier than other businesses. Many providers offer service in packages. This package deals are usually helpful as they save the time and money required to look for separate components.
- Global Market: VoIP business is online based and therefore global client base is also important. Providing calls to multiple destinations attracts much more consumers than catering to a single destination.
- Minimal Production cost: As VoIP business is managed online and mostly software-based, it requires minimal hardware. Therefore it saves infrastructure cost and further maintenance.
- Safe & Secure Multiple Payment Mode: For this business, service providers offer safe and secure payment portals which are supported internationally. Usually, these portals are encrypted and therefore add an extra layer of security.
Cons
- Service Provider Selection: While the availability of multiple service providers offers options for a person to choose from, it also makes way for fraud companies to disguise themselves. These companies put up attractive offers to scam people.
- Network Blockages: There are countries or regions that deliberately block VoIP due to security reasons or to maintain a monopoly of their services over that region. Providing VoIP Services to these regions is a challenging task. A solution to this issue is to use tunnelling software.
- Cash Shortage & Payment Delay: This is usually found in Wholesale VoIP business. This at times led to cash shortage for businessmen as the money is available only on the fixed billing date. Therefore to counter the problem some service providers offer instant billing or instant payment options
- Security: Hacking, VoIP frauds, thefts and numerous other security breaches come up all the time. Sometimes it is due to poor security on the service provider’s part. Other times it is due to lack of security on the client’s part. Therefore using multiple measures is necessary.
