7. VoIP Services
VoIP or Voice over Internet Protocol is a new technology that allows voice calls over broadband Internet connections. Opportunities exist in the VoIP business as a reseller, an affiliate or even as an independent VoIP service provider.
VoIP resellers redistribute air time of a VoIP company, and affiliates receive commissions for links and sales. Resellers require a computer and ancillary equipment, and need to purchase talk time upfront for reselling. Affiliates have low start up costs, requiring only a computer and a website.
The advantage of starting VoIP reselling and/or affiliate business is the low start-up costs, and technical and training support from the company. The business does not require much experience, but does require some basic computer skills to install VoIP services on customer systems. VoIP products are cheaper compared to the conventional telephone alternative, and this allows for a big market and makes sales and marketing easy.
Starting an independent VoIP service is expensive and cumbersome for a small start-up entrepreneur, requiring investments in millions. VoIP is regulated by the Federal Communication Commission and an independent VoIP related business requires a license.
Continue to Page 3 for even more new service business ideas.