Telephone Answering Service Business
Overview
The benefit to you of operating a Telephone Answering Service (TAS) business lies in the long-term recurring revenue stream the business can generate. The message services you will provide are important to your client’s business success. Servicing as few as 200-300 clients can realistically produce annual revenues in excess of $600,000. Most important, once your business and clientele are established, this recurring revenue stream is almost assured. Further, because this is a business where operating costs are readily identified and controllable, pre-tax profits in the 25-35 percent range are not unusual.

Services Provided
You can design your TAS business to provide multiple services, tailoring it to suit your interests or your experience while filling the needs of your the clients. Here are some types of services that can be provided:

Telemessaging and Paging Solutions

24-7 Telephone answering and message taking, bilingual services, virtual receptionist service, emergency dispatch, local paging, regional paging, national paging, medical answering services, physician tracking, number verification, physician to patient patching, office call over flow, wake-up service, automatic message dispatch services to alpha-pagers, fax machines, or to an email address.

Order Entry/Telemarketing Solutions

Inbound national toll-free numbers, outbound-inbound telemarketing and telesales, television and advertising media responses, inbound catalog sales, information requests, order taking, credit card processing, and seminar and event registration

Customer Relationship Management Solutions

Help desk, disaster back-up, customer service, corporate hotline, e-mail response service, shared operator service, travel services, sales call scheduling, appointment scheduling, order processing, credit card processing, and dealer locate service

Target Clients
Virtually any business can benefit from the services provided by your Telephone Answering Service business. For clients, like doctors or emergency service providers, a live-answer message service is a must. Other clients simply desire a more professional business image. Still others might wish to differentiate their business by having calls answered first by a person rather than an automated answering system. Finally, many clients need to have specific information gathered from a caller in order to properly service the client. The range of potential clients includes:

Air conditioning companies, alarm monitoring services, cable TV companies, car dealerships, churches, cleaning companies, doctors, dentists, electrical Contractors, EMS transport services, fencing companies, fuel oil delivery companies, funeral homes, medical centers, heating services, hospice nurses, hospital equipment providers, manufacturer representatives, medical equipment specialists, municipalities, psychiatrists, refrigeration companies, restaurants, roofing companies, towing companies, and more.

The important point is that in spite of recent advances in communications, the need for personalized, live-answer messaging services will remain a requirement for a substantial segment of businesses.

Download the 11-page WORD version of "Starting a TAS Business"