Telecom businesses are popping up all over, and for a good reason.
The way people do business (all business) is changing. And telecom businesses like VoIP reselling are needed more than ever before.
This has led eager entrepreneurs without any telecommunications experience to get their feet wet. And they’re finding lots of success, too!
Are you thinking about starting your own?
To help, let’s take a look at the 6 surprising reasons to start your own telecom business.
Incredibly Low Investment
Most would-be entrepreneurs think that starting a telecom business is expensive.
To someone unfamiliar with the telecom industry, things like networks, seats, and SIP trunks feel expensive.
While the technology behind it is of incredible value, the whole idea of VoIP reselling is that it’s easy as possible for the end-user.
The initial touchpoints and costs for a new reseller can be incredibly low, letting hungry entrepreneurs actually start their own business for just a few thousand dollars.
Work From Home – no office bills
A single telecom business owner can make a very good living without ever having an office.
Just from your home, you’ll have access to everything you need to grow your business, provide expert customer service, and more.
With the cost of office rent, maintenance, and utilities gone, you’ll be able to focus on what’s most important; your own business and your very own customers.
Customize Your Brand
White labeling opportunities give you the chance to make your brand however you want it.
Control not just how your brand markets, your logo, and personality, but also what goods and services you offer.
Many brands will find a unique opportunity close to them and shape their brand to serve that market uniquely.
Lots of other telecom businesses simply cannot do that.
At first, the idea of finding the right market for your new telecom business can feel daunting.
That is until you realize just how many businesses benefit significantly from having VoIP for their phone communications system.
This gives you the chance to target any market that interests you, that you have experience with, and/or are nearby.
Diverse markets matter for starting, but also for growth. So as you serve your local market, you’ll see even more untapped markets that you can add to your brand’s focus.
One of the best ways to get started is to sell to a market you know incredibly well. For example, suppose you have experience in kitchens. In that case, packaging your telecom business as a restaurant-specific brand will let you get experience in something new (telecom) and work out of your superpower simultaneously.
Serve Your Local Community
It’s not just big corporations that need a VoIP phone system.
The small, local businesses in your community could see a cheaper monthly phone bill AND a bevy of more opportunities with VoIP.
This gives you a unique opportunity to serve your local community for the better while growing your business.
The stronger the businesses are around you, the stronger your business will be! Plus, once word gets out that you’re an ally to small businesses, you’ll start having them pursue you!
VoIP is a huge market that’s only growing and growing.
For decades, it’s grown every single year.
The expected market growth of VoIP is expected to go from $85.2 billion in 2021 to $102.5 billion by 2026 per ResearchandMarkets.com.
VoIP is big now and it’s only going to grow.
Those starting now are in a prime position to see consistent growth, every year, for a long, long time. As long as people are doing business, so will you.
It might be surprising, but starting a telecom business, even with ZERO experience in the field, is low-risk and high-potential.