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VoIP Phone Systems – Transition And The Cost Involved

In 2019, you cannot afford to not invest in good communication. The business has boiled down to the mutual understanding between the customer and the brand. In a scenario like this, wouldn’t it be wise to have a dedicated business phone system for your brand in place?
Evolution in technology has proven to be beneficial for humankind at all levels. Cloud telephony is one such innovation. The best you can do is leverage it as it continues to take the world by storm. 
With the Internet having invaded all spheres of our lives, quite literally, the communication dynamics have gone through a major shift.
The New collection of Digital 2019 reports from Hootsuite, and We Are Social reveals- There are 4.39 billion internet users in 2019, an increase of 366 million (9 %) versus January 2018.
In such a space, it makes sense for brands to leverage the platforms that their audience use. Voice communication has become possible over the internet, courtesy of the thorough internet penetration, and exponential broadband speeds.
With over 100 million conversations (Voice calls) happening on WhatsApp each day, you can imagine how we have collectively transitioned from PSTN (Public Switched Telephone Network) as the primary communication technology to VoIP (Voice over Internet Protocol). 
VoIP phone system allows businesses to make calls from computers equipped with a VoIP phone. It works by converting voice vibrations to digital signals that translate to Internet Protocol packets. These Internet Protocol packets are then transmitted and converted to regular telephone signals.

Before probing further, let’s discuss the major ways in which the VoIP phone system will serve your business; and why you must take the jump, right now!

  • Reduced cost- 
Making calls through VoIP is way cheaper when compared to conventional phone calls. As a single system is dedicated to voice and data both, cost cut down is obvious. This reduction in cost, if used efficiently, can serve your business in a multitude of ways. 
  • Innovative features- 
VoIP phone system serves you with features such as call queuing, interactive voice response, voicemail, call planner, recording, and many more.
  • 24*7*365 Availability- 
VoIP makes sure that your customers are not left unattended ever again. This proves to be an advantage for your call center agents as well, as they can now work remotely as per their convenience. 
  • Portability-
The best part about VoIP technology is that it is hassle-free and saves space. All you need is a good internet connection, and you’ll be able to access the VoIP phone system from anywhere, anytime.
  • Constant evolution – 
You no longer need to be stuck with outdated equipment that is expensive to upgrade. VoIP serves you with the ease of upgrading and changing plans. 
Now that we know why you must make the switch, let us understand the cost involved in doing so– 
As compared to traditional landlines that come with separate, dedicated copper wires, a VoIP phone system can run on your existing internet connection, transmitting your voice as data. As a result, VoIP proves to be much cheaper! The total cost incurred includes a basic cost, plus the cost of running your internet connection. A landline, on the other hand, costs around $100 for a base unit, with extra charges incurred for each additional user.

In-depth cost analysis and break-up

Irrespective of your strategy, a VoIP always proves to be cheaper than traditional phone systems.
Let’s look at the individual factors that influence the VoIP phone system cost-
  • Number of VoIP users
In many cases, VoIP is billed based on the number of active users.
  • Calculation of VoIP users
Calculation of VoIP users is done based upon the number of lines you need open at any point of time. That means, if you have 20 customers on the phone at any given time, then you’ll need 20 open lines.
  • The mandatory VoIP features
The pricing is also decided by the features that your business requires.
The must-have(s) are listed below- 
  1. Call from any device – You should be able to make calls from your choice of hard or soft-phones, and even from mobile phone apps.
  2. Ease of use– you should be able to manage VoIP numbers and related activity with a single click using an online portal.
  3. Cost effective – Your VoIP phone system must save you money when compared to a traditional phone system.
  4. Efficient service provider – This is more important than you think. Your service provider should have a dedicated customer service team to support you at all times.
But that’s not it, a package cannot be complete without side orders.
Thus, listed below are optional choices that will further affect your cost– 
  • Number management – Assigning multiple numbers to one user is a great feature you can add.
  • Conference calls – The ease of collaboration over conference calls cannot be undermined. Hence, this feature is a major value addition for many VoIP users. 
  • Voicemail to text conversion – Automatic conversion from voicemail to a text message or an e-mail is another great add-on.
  • Call queuing – A missed call is a lost customer. And you surely do not want that! Queuing calls lets your customers know that they will be attended shortly. 
  • Call forwarding – By setting up a forwarding number, your inbound calls to your VoIP system will be automatically redirected to a fixed line or a mobile phone.
  • Call recording – Call recording can be used for training as well as regulatory purposes.     
Reference:VoIP Phone Systems – Transition And The Cost Involved

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