Why Voice Over Internet Protocol (VoIP) Makes Sense As a Home Based Business Opportunity

If you are looking for a way to better your life that will give you either more time, more freedom, or more money then VoIP might just be the niche you need to look at seriously as an opportunity. Leading business analysts have predicted that VoIP will cause the next major shift of wealth with comparisons being made with the deregulation of long distance in the mid 1980s and the Internet during the 1990s. More millionaires are expected to be created than during the PC and Internet era combined.

Let’s look at four major principles that most experts would agree are critical to success for most businesses to really understand the potential of VoIP.

1) Timing/Trends
VoIP is today more popular with businesses than the mass consumer market. However VoIP is getting the attention of the mass market as consumers look for ways to save as much as they can, given the state of the economy and jobs. Today’s VoIP products are much more user friendly that older systems which were difficult to understand – today’s products are essentially plug and play systems. There is therefore a significant opportunity to capitalize on VoIP as a technology that hasn’t yet hit the mass market. You can position yourself in front of the next major wealth shift. Today, it is very easy to use a VoIP phone (including a video phone) and these phones now call non-VoIP connected phones on flat rate plans. VoIP phones today can receive calls from non VoIP callers and similarly make calls to them. VoIP is here and the mass market is finally recognizing the savings and benefits from such a system.

2) Huge Expanding Market:
IBIS World (a leading market research firm) predicted that VoIP was poised for a breakout year in the U.S. in 2008. Revenue at the end of 2008 was estimated at $4 billion with growth near 15%. The major catalyst behind this growth according to IBIS World was subscriber growth will drive VoIP revenue this year with expectations of an increase of 21% to almost 17 million. The VoIP industry is expected to continue to be the best performer in the telecommunications space as this emerging technology gains greater consumer acceptance. Over the coming years, VoIP is expected to replace local and long distance revenues and it is predicted to create one of the greatest shifts of wealth in history. Leading analysts such as IDC predicted residential VoIP users in the USA to increase to 44 million by 2010 and be used in 62% of broadband households. ABI Research, an established market research company, predicts there will be near 270 million global VoIP phone service users in 2012 – a huge jump compared to the 38 million users in 2006.

3) Unique Product or Service:
Video is believed to be the key application that will dominate the future landscape of telecommunications. Today there is already at least one video phone product that is being marketed very successfully in the USA, making it affordable for consumers to make phone calls with live video. These are cutting edge technology products that are fairly recession proof also – consumers will always talk on the phone and today they can avail of these cutting edge products and lower their telephone costs significantly at the same time. The WIFI video cell phone is expected to be added as a product very soon also for distribution. But what’s really unique about the way these products are marketed is that you as a consumer can also get paid to use the service. This can make a whole lot of difference in marketing as we will see under leverage. Think about what it means to be paid every time some pays their phone or Internet bill.

4) Use of Leverage:
How can you use Leverage in your business? In order to truly reach your financial dreams as quickly as possible, you must be able to leverage the time of others. This is about leveraging other people’s efforts. There are other forms of leverage including financial leverage (using other people’s money) When combined they can create significant income generating power. So how are the early marketers of VoIP creating leverage? The most significant way is via network marketing that is based on promoting high-demand digital services such as VoIP phone services. Leverage as used in this model has even more significant benefits in the form of residual income you are able to generate based on the efforts of others. The major attractiveness or promoting digital services such as VoIP phone services is that once new paying customers to come on board, you benefit by earning royalties (residual income) as long as these customer continue paying monthly for their service -you generate residual income based on customers you did not necessarily refer yourself – now that is leverage!

So, if you’re searching for way to make some extra income by starting your home based business, I encourage you to seriously consider an opportunity that offers a multi-tier compensation plan for the marketing of these types of services. If you are interested in finding out more about this type of opportunity, then simply click on the link below to find out more or contact me.

Author: Gemel Sobers
Article Source: EzineArticles.com
Provided by: Benefits of electric pressure cooker

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