Despite stock market continuing to be hit this year, Vonage stock is doing well. Many people are praising Mark Lefar who took over the company in 2008 for this year’s performance. When money gets tight for consumers like it has been for a lot of us in this recession, cheaper alternatives become popular. This has contributed to the increasing popularity of VoIP and many people have been pleasantly surprised to find they like the more affordable alternative better than what they were using.
Vonage has positioned itself as a low cost, high value provided company. This means that their services are more affordable than other substitutes, but that those services also offer more value to the customer. Lefar has taken the company in a direction which has allowed the them to add many innovative features over a relatively short period of time. Vonage Mobile has been one of the largest new features allowing people to use Vonage to call internationally from their cells phones and even iPod Touches to enjoy great low rates.
While many many companies have been suffering over the past few years due to the economy, Vonage is having some of it’s best quarters ever. While many people argue that a standalone VoIP company will become outdated, Vonage has seemed to stay ahead of massive companies that also offer cable and other services as well as VoIP in both price and features. The fact that Vonage uses all of its resources to focus solely on VoIP improvements seems to have given the company an advantage so far.
The Vonage Unlimited Plan, Vonage World Plan, and Vonage Mobile plans are all great ways to save money on phone service.
