Starting a Telephone Answering Service

Making money with a new business at home has never been easier. Starting a home-based telephone answering service is a great way to earn extra money. Learn what it takes to succeed as a self-employed professional answering phones for others.

Do you have extra time on your hands? Do you want to start a new business and start making money? Do you possess the focus and determination that it takes to work at home? If you answered yes to these questions, then you may have a promising future starting a new business. A telephone answering service is a great way to start making money from home. This business idea features minimal startup expenses, great revenues and the potential for growth and expansion is entirely up to you, the business owner.

The telephone is still the most relied-upon communication tool in the world. When you work at home providing a telephone answering service, you will help to meet the needs of a variety of business professionals. Doctors, lawyers, construction companies, and many others in different industries often make use of telephone answering services. There is never a dull moment when you are fielding calls, answering questions and scheduling appointments. Partnering with different companies means you will be able to start making money quickly with your telephone answering service.

While technology continues to advance, the need for efficient and friendly customer service over the telephone has not disappeared. Small business owners may not want to be answering phones all day, so you can step in and provide excellent customer service with your new business. All it takes is the right combination of communication skills and a little office equipment to get started. Making money while working at home has never been so easy!

Skills Required: communication skills, organization and time management skills

It is not difficult to work at home with a telephone answering service, but it does require strong communication skills. Listening, speaking and attention to detail are essential with this new business idea. You also need superior organization and time management skills to relay messages and keep your clients satisfied.

Startup Expenses: $200 (for one phone line)

You can expect to invest $200 in each phone line that you will answer. For each client that you serve, you will need to set up a separate phone line. This makes it easy to keep track of each businesses’ different needs.

Monthly Revenues: $500-$1500 per month

Your monthly revenue as your work at home answering phones has unlimited potential. It will be dependent upon the amount of time you can devote to your new business. For example, if you are only available to answer phones in the evening, your income will likely be less than if you were available during normal business hours, weekends, or even 24-hours a day.

Monthly Expenses: $50 (per phone line)

For each phone line that you set up, you can expect to pay about $50 in service charges. This means you will calculate your monthly expenses based on the number of clients that you have. Keep in mind that this expense can actually be billed directly to the client that you are serving, but the phone lines will be in your name; therefore, you need to put the money up front before you’ll get reimbursed.

Time to Break Even: 2 months

Within two months, you should be able to recover the cost of your startup expenses and start making money with your telephone answering service.
Working from home answering phones is one of the easiest new business ideas. With a little investment of time and energy, you can turn this home-based business opportunity into a full-time job and start making money fast!

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