Understanding the Cost Savings of Fiber Internet for Small Businesses

As the operator of a small business, you are probably well aware of how important the internet is for your company. Depending on your operation, your internet connection may serve as the backbone for much of what you do, from customer communications to inventory management, accounting to branding, and much more.

As a leading provider of internet for small businesses, including business fiber internet, company owners often ask us about the benefits of fiber internet for small businesses. How much does it cost? Is it a worthwhile investment? 

We can say with certainty that for most businesses, switching to fiber is an excellent financial decision. Read on to learn why so many organizations are opting for fiber and to see how investing in this technology now can save your business money for years to come. 

What Internet Connection Does a Small Business Need? 

If you have done much research concerning internet options, you may know something about fiber internet for small businesses already. It’s the fastest internet available and it offers so many benefits, like high speeds, massive bandwidth, and significant scalability. One thing you may not be aware of is the potential cost savings of fiber internet. 

Choosing to upgrade to fiber is a form of future-proofing for small businesses. It may take a larger investment upfront to get fiber for your business, but the dividends that investment can yield over time more than make up for the initial cost. 

Keep in mind that your need for the internet is likely only going to increase over time. Technology is always changing and those changes almost always lead to more internet use. Your business needs a connection that will allow you to take full advantage of every technology available – and fiber is that connection. 

How Much Does Fiber Internet for Business Cost? 

Probably the biggest obstacle for most small businesses considering fiber is the cost. Fiber often costs more to set up and has a higher monthly cost than cable and DSL internet. 

Setup Costs 

Cable and DSL use infrastructure that already exists in most areas and in most buildings. Cable uses coaxial cable connections which were originally intended for cable television. DSL uses landline infrastructure which is even more prevalent than cable television infrastructure. For a business to access cable or DSL internet, they usually just need to have the provider turn on access.

Fiber uses fiber optic infrastructure, which is only available in some areas and may need to be installed at your place of business. For small businesses, that installation could cost $1,000 or more depending on the location and the size of the building.  The cost for your particular business has to be calculated by the service provider. Some might offer deals on installation and setup. It’s also possible that fiber is already connected to your building. The best way to find out is to contact the service provider. 

Monthly Costs 

The monthly cost of fiber is usually not significantly higher than other options. Plans are available between $60 a month and $100 a month in many areas, which is not much more than you would pay for a high-speed cable connection. 

What are the Long-Term Benefits of Fiber? 

Fiber offers many long-term benefits for businesses, which is why so many companies are embracing this technology. Some of these benefits include:  

• Faster and more reliable connection: In business, time really is money. The longer it takes to accomplish tasks and the more downtime you experience, the more opportunities you miss. Fiber offers such faster speeds and better reliability that businesses quickly realize that it’s well worth the money. 

• Enhanced productivity: Does faster internet lead to more productivity? Definitely! You can use better apps, operate multiple apps simultaneously, and communicate freely as needed, all of which enhance productivity. 

• Improved customer service: You never have to worry about whether customers can reach you or not because your system is so reliable with fiber. 

• Stronger security: Fast connection speeds reduce security vulnerabilities, keeping your and your customer’s data safe. 

• Scalability and future-proofing: Fiber can handle many different devices and users simultaneously, so you can add employees as needed. It’s also fast enough to accommodate whatever new tech becomes available in the future. 

Does Switching to Fiber Save Money? 

The cost savings of fiber internet can be significant, especially over time. It’s a strategic investment that accommodates all your technology needs now while also preparing you for your future needs. Since you know you are going to keep embracing new tech as it becomes available – because you need the strategic advantage it offers and because your competitors are doing so – it makes sense to prepare now by getting the most robust internet connection you can.  You can also avoid dual installation costs by choosing fiber initially. Instead of paying to set up cable internet now and then realizing you need fiber later, you can avoid dual setup costs by opting for fiber from the outset. 

Get Fiber Internet for Small Business Today! 

The nice thing about working with WOW! Business is that you don’t have to make these decisions in a vacuum. Our specialists can explain the cost savings of fiber internet and can tell you exactly what your options are. 

Ready to boost productivity and save money by making the switch to fiber internet? Contact our experts to see if we provide fiber in your area.