Are you passionate about learning how to start a VOIP business? to become a white label VoIP reseller has never been easier. Studies show that VOIP is among the most profitable emerging businesses. Expenditure on communication is over billions of dollars every single month. With the current statistics, it can be seen that it is a lucrative business. In this article, we will give you a brief insight into the industry so you can have a pool of information before you jump in. A VOIP business can be a great opportunity to earn an income, but it is important that you know the basics.
A VoIP phone service allows customers to make long-distance and international calls through the internet at much lower prices than traditional telephone companies. While this sounds very exciting, there are some downsides as well: firstly, the equipment needed for a VOIP phone system can be expensive, and secondly, many people still prefer talking on their cellphones or using other voice communication services like Skype or Google Hangouts. Regardless of whether or not you want to start your own VOIP business, it is important that you understand what one entails before making any decisions!
A STEP BY STEP GUIDE On becoming a white label voip reseller
What is voip?
VOIP stands for voice over internet protocol. Apps like Zoom and GoToConnect that offer to call facilities over the internet fall under the VoIP business category. In the VoIP business, there are many terminologies used like Codec, SIP, DID, etc. Make sure you do your homework and know the meanings of these basic terminologies before jumping on to the next step.
What industries use voip?
What industry will you sell VOIP service to? There is a vast range of industries out there, but with so many options to choose from, how do you know which one is the best fit for your company? some will say go after all which may sound amazing. It can be difficult selecting a specific industry to target will not only be smart but will help you gain more market insight and experience. Also, don’t forget referrals you can get as you get better in that industry you can move on to next. Different industries offer unique challenges and benefits that will affect the success or failure of your company.
For example, if you choose a real estate industry you can get to know what type of services they need being that they deal with customers globally and most of the time they are showing properties But if your business sells electronics then it makes sense to branch out into other areas like cell phones or computers because they share similar customer needs and this will help build up brand recognition in these categories. Once you’ve identified what type of industry your company falls into as you start your white label VOIP reseller program you can start targeting leads… here are 5 booming industries that require VOIP:
- Healthcare: Hospitals, dental care, primary care…
- Real estate: Mortgage broker, property management, commercial real estate…
- Calling centers: E-commerce, collection agencies, lead agencies…
- Financial industry: Banks, investment centers, stock traders…
- Hotels: Vacation resorts, hotels suite apartments rentals…
PICK A NICHE:-
When beginning, you should be well aware of your strengths and weaknesses, financial position, and your contacts before planning out your business model and picking a niche. The VOIP industry is a rapidly growing industry with many business options like
- Call center solutions
- Mobile VoIP
- Residential VoIP
- Call shops
- SIP trunking etc.
Before deciding on a niche, you should have thorough insight and technical expertise on your preferred niche, so you can deal with any problem that may arise.
BECOME A RESELLER
When starting a white label VoIP reseller business you have two options, either become a reseller or a service provider. As a VoIP reseller, you can buy VoIP services from a trusted provider and then sell them under your name. You have a few options when deciding to become a VoIP reseller such as,
- VoIP dealer
- Reseller for a wholesale VoIP provider.
- Self-sufficient VoIP reseller
For a newbie, it is recommended to become a reseller as it has more pros than cons.
PROS
- A reseller makes a profit by reselling VoIP products and services
- It requires a small investment which is great since you are just starting out
- VOIP is an online business so there are many security threats but by being a reseller these threats are minimized to a great extent.
CONS
- The VoIP reseller makes less profit than the provider which is the only con in the situation.
On the other hand, by choosing to be a VoIP service provider, you have to set up everything from scratch, like buying and building your system. It provides you with much more flexibility, but it may not be a good idea if you have limited financial resources and expertise. As a beginner, it is highly recommended that you should start your business as a reseller. Once you gain experience and capital, you can launch your business. Here is a list of VOIP companies that you shall consider for reseller programs.
FIND YOUR TARGET MARKET:-
After picking your niche, it is now time to find your target market. It is preferred to start with local clients and expand your target market when you feel your business is ready.
FIND A TOP NOTCH SERVICE PROVIDER:-
When you provide VOIP services, a key factor that can help your business to reach new heights is to find a top-notch service provider. A dedicated hosting provider without customer complaints and service availability issues is bound to ensure a smooth experience.
FINDING CLIENTS:-
After going through all the nitty-gritty, it is now time to spread the word. For any business to succeed, it needs to have a strong marketing strategy to attract potential clients. You need to ensure that you provide services and products with extensive features at the bare minimum price, so you can score clients and keep your business afloat.
GROW AND EXPAND:-
After establishing a wide client base, it is now time to gain valuable feedback. This will help you to improve the quality of your services and grow as a business.
Once you become a white label VoIP reseller the important thing is to take the initiative. Understand the technology and assets you need, get your financing, and launch the business with faith and spirit.
5 companies that offer white label voip reseller program
1)Reinvent telecom
- No startup cost
- Up to 50% margins
- Usa and canada
- Transparent billin
- Partner portal
- Backed support
2) Skyswitch
- 60% margins
- Many added services to offer your clients a one stop shop
- Unlimited support
- Low start up cost
3)Ringlogix
- Manage service on demand
- Usa
- Create and send sales quote
- Integrated and automated billing
4) Viirtue
- All in one provider
- Set your own rates
- Dedicated account manager
5)coredial
- Full control of pricing
- Invoiced under your brand
- The ability to sell and up-sell more effectively with customized sales content and marketing materials
Conclusion paragraph:
If you think you have what it takes to become a white label VOIP reseller, then consider the above and go for it , it has a rewarding future there are many things that you’ll need to still consider, if this is to much for you can always earn money by referring clients too.
You might also like reading:
How much money do you need to start a business?
Business 101 – Full Startup Guide 2021
small business legal requirements for 2021
