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Outsourcing Will Surely Aid Cost Saving When all Other Cost-Saving Techniques Fail!

To a company, business or individual who hasn’t experienced the incredible power of outsourcing in saving cost, the assertion above may sound overboard. But, in all truthfulness, if you have struggled so hard in vain to greatly reduce business running cost and maximize profit, you should try outsourcing!

An Overview of Outsourcing

It is most likely you’re not hearing the word outsourcing for the first time. But, it’s possible you don’t have a good grasp of what this term is all about. In a nutshell and without any ambiguity, outsourcing is simply hiring someone or a company to perform certain business tasks from their own location/office.

It’s just like a contractual work relationship. And, just like other job contracts, outsourcing comes with cost saving benefits and even much more than the regular contractual job relationships.

See How Outsourcing Helps to Save Huge Cost

  • You are not spending a dime on setting up an office for the employees. It is cost intensive to set up an office space for new employees. From renting a space to equipping the space with the necessary office equipment’s, a company or business will definitely dig deep into its profit to set up a new space, plus regular maintenance expenses.

But, with outsourcing, the outsourcing company or freelancer doesn’t need your own space to offer their services to you. Some of them work from home, while some have their own already-set space for the task you need accomplished. So, when you calculate the enormous cost you’ve bypassed by taking advantage of someone else’s office space, it is indeed desirable and impressive.

  • The outsourcing provider is not paid allowances and there’s no need for healthcare schemes. These are significant items of expenditure when it comes to full-time staffing. And of course, these allowances (e.g. housing allowance) and health-care programs) are often not optional. They dent the profit of any company significantly.

    On the other hand, the employee who offers service in a freelancing manner helps you to bypass full staffing costs significantly. You can employ a couple of full-time employees and use outsourcing to execute tasks that are temporary so that you can save cost.

  • Offshore outsourcing offers the best cost saving benefit. Outsourcing jobs to Philippines and other top offshoring destinations offers the most cost saving benefit to a company or business.

There’s consistently huge difference between the service price of an offshore outsourcing company and an onshore outsourcing company, which is why offshoring is very popular among business operators and companies.

So, if other cost saving techniques have brought only little result, try outsourcing!

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.

2 Responses to “Outsourcing Will Surely Aid Cost Saving When all Other Cost-Saving Techniques Fail!”

  1. Thanks for detailing your process. I’m saving some points from this post.

  2. Peter Tatham says:

    The most humble businessman i have ever seen… This is one of the most powerful, life changing, destiny fulfilling speech I ever heard. Great man Daven Michaels.

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