You’ve heard that outsourcing is a viable business solution; most of your competitors are using it, but you don’t know exactly how to adopt and integrate it into your small business. Luckily, this post is all about aspects of your business that you can adopt outsourcing solution.
1: Production
From the onset of this business solution called outsourcing, big organizations and businesses have leveraged outsourcing to accomplish production faster. Typical examples are automobile companies; they outsource different aspects of an automobile production.
For instance, a company in the United States can outsource the assembling of parts to a specialty company in China while focusing on the engine production. This will quicken production and make the task easier.
Even for small and medium businesses, you can outsource the packaging of a certain product for instance, while focusing on its manufacturing. This provides the benefit of completing production earlier and delivering your product to the target market on time.
2: Customer Service
Outsourcing help desk has become a popular trend in today’s business arena. Companies and businesses have long realized that the best approach to help desk is to take it outside of the business premises to a different location where it will be the only task to attend to.
This has resulted in quality customer care in form of very minimal waiting time, ability to handle even a highly raging customer, round-the-clock customer service, and ultimately loyal customers.
The reason for those achievements is because outsourcing vendors who manage help desks have no other duty but to pay maximum attention to your valued customers, listening patiently to their complaints and going into action immediately to resolve those complaints. Outsourcing call center is indeed a smart move to make, especially for service companies who deal with lots of customer complaints on a daily basis.
Staffing
In fact, the bottom line is that outsourcing is a tool for achieving super cost-effective staffing. Whether you are outsourcing to independent marketers, call centers, administrators, or virtual assistants, it all comes back to staffing.
This form of hiring employees to carry out business functions is super effective in terms of time management, cost saving, access to large pool of talents and much more. You are not renting any office space or buying expensive work tools as you would do when hiring in-house/full-time workers.
So, you will end up saving huge cost that can be ploughed back in growing and expanding your business. Besides, the remuneration of independent contractors is highly reasonable, especially when you opt for offshore outsourcing.
Indeed, outsourcing solution is applicable to virtually all facets of business including legal, financial, marketing, administration and much more.
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.
Success in business requires good planning, flexibility and great organizational skills. Don’t pay attention to all those hypes about ‘make easy money’, ‘become rich overnight’ and ‘easy steps to grow your business.’ In reality, there are no such things. Hard work, good planning and strategizing will create the pathway to success in business.
Here are the tips that will help you grow your business successfully;
You need a result-oriented blueprint for running your business. The blueprint includes an organized process for accomplishing tasks that are essential for the growth and expansion of your business. Growth in business does not happen by chance, there has to be a thoughtful plan and blue print to bring it to pass.
At this point, it’s important to say that you should make outsourcing an important part of your blueprint for running your business. It’s a practical and result-oriented business solution that aids division of labor in a super affordable manner, ultimately leading to huge cut in cost and increased profit.
You can’t aim at success in business without detailed and accurate records of what’s happening in your business. Record keeping will help point out your financial situation at each point, existing challenges and potential growth area. Subsequently, you will be able to device strategies on how to move your business forward.
Here’s a piece of advice; don’t work yourself out trying to do it all, including keeping records. And, it may not be good idea hiring a full-time employee for this purpose if your business is just at its cradle stage.
A better option would be to hire an independent contractor on an outsourcing relationship. This will cost far less, especially when you opt for offshore outsourcing. The outsourcing provider will work from his or location, so you don’t need to bother about incurring huge cost on getting and equipping a work space.
3: Invest Time and Resources Building Your Business
Smart entrepreneurs do not start spending their profits on personal stuffs at the early stage of the business. Instead, they plough back profits at the cradle stage of a business to grow and expand it. In fact, this is a smart way to grow a business faster and beat your competitors.
Delaying gratification in terms of not pouncing on your business profits requires a lot of discipline and determination. If you have a great business plan that includes a savings to live on while you’re still growing your business, it will aid firm decision to plough back most or even all the profits of the business at the early stage.
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.
It doesn’t matter how wonderful or great your product and/or service is, it can barely sell itself except you promote it and let your target audience know you’ve got an offer that will meet their need. This article will show you some experts’ tips for promoting a business successfully.
Your brand is simply how the public sees your business, especially your customers or target audience. It includes what your business does to meet its customers’ needs in a satisfactory manner. So, you need to define your brand; in essence, what is it that your business wants to offer?
When you determine your business offer, it will henceforth serve as a marketing tool when you make contact with customers at every point – whether it is in-store, via emails, through social marketing or other interaction mediums.
For an existing brand, you should assess it and see if it is portraying the right message you want customers to know. When you assess your existing brand, endeavor to make the necessary changes that will better portray the face or image you want your business to possess.
Tip #2: Embark on Content Marketing
Another great secret code for successful business promotion is to adopt content marketing. Have you ever heard the phrase ‘content is king’? Indeed, content is a great way to promote a product or service.
Content works best with online promotion through useful articles and blog posts. Such articles should focus on attracting your target audience. When you put up great contents, visitors will flow to your website, and some of the visitors may convert to buyers and some will become loyal customers on the long run.
It’s important to say that successful business promotion with content comes with search optimization. In essence, you or your hired writers must optimize the articles, blog posts, videos or images (contents) for search engines. This way, people can find your website when they search with keywords related to your product or niche.
Tip #3: Purchase Should be Safe
It simply means that the process of purchasing your business offer (product or service) should be safer. This is not just in terms of the security of your e-commerce website when they purchase with their credit cards. But more importantly, the quality of your product should be guaranteed, so that customers can be sure their money won’t go to waste.
Some of the great strategies to guarantee quality include;
Putting a generous return policy in place
Providing money-back guarantee
Offering a “satisfaction guaranteed” program or policy
It’s also great idea to use social proof by providing authentic testimonials from buyers and customers who were satisfied with your business offer. The testimonial would be more credible when you include pictures and names.
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.
While debate on switching entirely to on-shore outsourcing continues to heat up, outsourcing is still waxing stronger – it’s just an essential business solution in the hands of entrepreneurs. Of course, big corporations and organizations are even the greatest beneficiaries.
Across tons of sectors and industries in the United States, outsourcing is a common factor. Often, business owners and organizations embark on the following types of outsourcing in the United States;
Professional Functions Outsourcing; examples include administrative support outsourcing, procurement outsourcing, legal, and accounting services outsourcing.
IT Functions Outsourcing; these include application development, network management, and cloud computing.
According to reliable statistics, healthcare and financial services appear to be consuming outsourced services more than others. It’s also important to note that outsourced manufacturing has continued to be a common solution for producers based in the US. Even government entities are increasingly leveraging outsourcing for its functions.
The Bone of Contention: Should Offshore Outsourcing be Completely Eliminated?
From the foregoing, many sectors, including government entities benefit from outsourcing. So it’s not a question of “don’t outsource, but don’t outsource to offshore destinations.” But why?
Those who feel offshore outsourcing to destinations such as Philippine, India and Japan is taking jobs out of USA are saying no to off-shoring. And, to the delight of these people, Donald Trump, the United States President, right from his campaign has determined to bring back all the jobs and stop offshoring. Some form of baits have been put up to discourage outsourcing to oversea countries, and at the same time threats are being meted out to business owners and companies that will pay deaf ear to the campaign against offshoring.
Can Beneficiaries Survive without Offshoring?
And, who are the real beneficiaries of offshore outsourcing? The answer is so glaring. Businesses of various kinds have leveraged offshore outsourcing to greatly grow their businesses by cutting huge cost and making more profits.
As a result, these businesses have continued to thrive regardless of persisting economic downturns. While these beneficiaries have no problem employing the services of outsourcing providers at home, they will have problem making ends meet and recouping meaningful profits since the on-shore outsourcing providers are far more expensive to keep up.
So, is it really fair to keep up an expensive workforce at the expense of the continuous existence of a business? Shouldn’t there be a balance or freedom to go for what has continuously proven effective in aiding business survival? After-all, a portion of the jobs are retained at home. Besides, there are still businesses that rely solely on onshore 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.
A great an effective way to make your business stay profitable is to build a realistic budget. A realistic budget will adopt the approach of costs estimation, revenue forecasting, and also allow substantial room for meaningful profit margin. Indeed, a budget helps your business attain success on the long run.
Step 1: Know How Budgeting Works
First, you need to understand the basics of budgeting by familiarizing yourself with how budgeting works. A budget provides a road map for your business since it is designed to show you what you are likely to spend and make as income over a given time frame.
A realistic budget will include informed estimates of your revenues and how you plan to spend in a precise manner. When you follow a realistic budget thoroughly, you will greatly increase your chances of building a profitable business and achieving your set goals.
Practical example: If you’re creating a budget for the coming year, your budget should spell out your estimated incomes, make a plan for expenses that will be far less than the total estimated incomes to guarantee you will make profit. A great tip for keeping expenses low is to adopt outsourcing in running your business.
Step #2: Understand the Importance of Budgeting
Budgeting is important in business because it’s a great tool for matching your spending to your earning. If you don’t have a clear direction and plan for spending, you can easily go overboard with your spending, which in turn leads to increase in debt, losses, and potential fold-up of your business. You definitely would not want that to happen.
Practical example: This is to show how important it is to weigh each business expense against your budget. Now, let’s assume you suddenly found out it’s time to hire more employees; you have to consult your budget first to determine the amount of estimated surplus revenue that will come in. Subsequently, you can calculate what it will take to maintain the new hires and determine if the surplus budget can accommodate that.
A great tip on how to hire additional employees without spending much is to opt for outsourcing solution. In essence, consider outsourcing the tasks in question rather than hire full-time employees.
Step #3: Get to Know the Different Elements of a Budget
You should get to know the different components of a business budget. In this case, you should focus on three basic components, namely;
Revenues – also referred to as sales
Expenses/total costs
Profits
Revenue or sales refer to the amount of income that your business generates from different sources. So, your business budget should include an estimated amount of your future revenues.
Expenses/Total Costs: These include semi-variable costs, fixed costs and variable costs of generating sales.
Finally, your business budget should also project estimated profit which is arrived at by subtracting total costs from revenue.
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.
Only a handful of small business owners are thinking outside the box and aiming at becoming the next eBay, Amazon or other notable names. For the business owners who are not thinking outside the box, they are content with being local champions. The good news is, you can actually grow your business far bigger than you think –outsourcing is part of the big picture.
Your business is small now does not mean it will remain small. Thinking big is one of the ways to come out of the box to reach out to proven techniques for growing small businesses.
Secret #1: Don’t do it all by Yourself
While your small business started with an independent mind and the quest to achieve things on your own, you should not dwell on that level. You need to reach out for partnership in different forms, including outsourcing partnership that offers massive cost saving alongside other benefits.
Another great way not to do it all by yourself is to go into partnership with a business that is focused on specific task, so that you can concentrate on what you have the best skill for.
Secret #2: Stay Innovative
One of the fastest ways to grow a business in addition to outsourcing is to stay innovative. And, a great way (among other ways) to innovate your business is to become a problem solver.
Locate the seemingly hard problems in your niche that others are running away from and look for innovative ways to provide solution. There’s always a lot of money and huge profit when you provide solution to a problem that others see as impossible.
However, when you innovate and solve problems, keep your target audience in view and avoid veering off your original demographics. You should find a way to innovate within an existing product or service that your target audience already knows you with, so that you don’t lose them.
Secret #3: Consciously Plan for Growth
Make expansion an important part of the big picture. As an entrepreneur, you should be anticipating expansion and plan towards it. This may mean making room to take more workers, purchase additional equipment’s. So, when you plan for growth, it won’t take you by surprise and you will be able to handle it.
Secret #4: Take Cue from Prosperous Competitors
If you are an island of your own, you will end up restricting your own growth. Look at the prosperous entrepreneurs in your niche and take a cue from them. You don’t have to go all out asking them what they are doing to get great result. You can go behind the scene to research and find out some essential elements to their success.
Finally, it’s important to add that outsourcing is a great way to cut cost and grow profit.
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.
Outsourcing is becoming popularly known across the world because it is well thought-out to be cost efficient. Nowadays, the majority of small to medium businesses have chosen to offshore a number of their business tasks. Even bigger companies have also begun adopting this marketing trend.
Small time enterprises and startup businesses are the ones to gain the most from outsourcing. This is due to fact that it is rather not possible to increase their resources, taking into account how sufficient and restricted they have. Nevertheless, this may have a great impact on the output of their business as well as the effectiveness of the employee.
Don’t just employ anybody right away. Understand the fact that there more than a few outsourcing companies out there. You are expected to have the best answer for your business in addition to the right people ideal for the core functionality of your business.
Be precise, and bear in mind that communication barrier is unavoidable, in view of the fact that you are doing business with people from the other side of the world. It is important for you to spell out the type of service/s needed by your business.
3. Be Realistic
Don’t set deadlines that are not possible or stipulate improbable results. Despite the fact that you are employing knowledgeable experts at affordable rate, do not forget the fact that they are no magicians. Be reasonable and remember that you are still working with human beings.
4. Pay the Correct Prize
The common reason businesses take to outsourcing a number of their tasks is to save cost. Conversely, for business owners who decide to outsource, understand that you should pay your employed employees the correct price that they are worthy of.
Despite that outsourcing in the Philippines provides you a benefit for the reason that you can save a lot of money unlike when you are to employ an worker in your country, you also need to think about the fact that these people have spent their personal money and effort to develop their profession.
Once you have decided to outsource as an entrepreneur, the next thing for you to do is to consider the possible risks. This is why these tips are worth considering before employing a third party to perform a number of assignments for your business.
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.
In the recent years, we have seen the way IT (Information Technology) interrupted the traditional business processes. The way IT tasks outsourcing have also gained its acknowledgment. At present, making their products and services known is now a precious asset for a lot of business owners.
However, a number of businesses, most especially the small-sized ones tend to pay no attention to the strengths of having IT operations, owning to the overlying costs of its office maintenance.
Nevertheless, this should not be the issue with outsourcing as it costs a smaller amount, unlike having an in-house IT department.
IT outsourcing to those who have skills and know-how is a good option to operate more efficiently at minimum costs. Lately, a lot of business organizations are beginning to outsource their IT tasks to reduce their expenses alone.
In addition, there would be no need of wasting your time to go through the list of many candidates, or even go the extent of giving them training. Just offer the IT tasks to your outsourced IT staffs, and increase the chances that they can do it better for a reduced cost.
2. Know-how
You are guaranteed that your IT tasks will be performed effectively by professionals in the field by outsourcing. By doing so, you can concentrate on developing your business, believing that your tasks are in the capable hand.
Going through the course of getting hold of IT employees might be hard with the complicated tasks anticipated from the industry, and particularly if you have slight or no information concerning it.
3. You Can Remain Focused on Your Business
IT is more of a support role. This means operating a business even as working on the IT tasks can be complicating due to the fact that these tasks are exceedingly different.
IT outsourcing has less risk compared to employing unskilled workforce, who may likely compromise your business. Moreover, you will remain focused on your general business operations, giving you a better opportunity to surpass your competitors.
By and large, outsourcing the IT tasks of your business will offer quality output and the numbers of expert and professionals you need for your business to grow extensively.
These three reasons for outsourcing your information technology will give edge over your competitors and take your business to the next level. Outsource your IT tasks now!
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.
Outsourcing as revealed is always a rising industry. It was gathered in a publication that in 2017, 31 percent of IT services were outsourced and will keep growing for many years to come. In the same development, both the finance sector and healthcare sector have experienced growth of 30 percent and 36 percent respectively. On the other hand, the HR sector was not behind with 32 percent.
So far so good, outsourcing has actually transformed how business is done in nearly all the sectors. For instance, about 43% of the manufacturing industry outsources their work every now and then, going by the most recent estimate.
The future will witness a further increase in outsourcing trends all over the world. Industries and businesses relating to data security, social responsibility, technology, and innovation will witness massive growth in outsourcing in future.
1. Outsourcing will be a Winning Key for Firms
Customers now anticipate improved and dedicated services from outsourced consultants. A lot of businesses that cater to diverse fields are now taking to outsourcing to provide better and far enhanced value-added services to customers.
2. Extensive Utilization of Cloud Technology
In future, cloud technology will probably be the path bearer for outsourcing. With many businesses moving to cloud on yearly basis, their working effectiveness will get better. Furthermore, it will provide added momentum to these firms to produce ground-breaking products and services to clients based on the latest market trends.
3. Hi-Tech Call Centers
The impending downfall of call centers is another remarkable improvement. is the imminent downfall of call centers. This is because many firms are now employing clever assistants to answer questions of their customers. Nevertheless, these call centers will not crash all at the same time.
At present, quite a lot of firms work from remote places in the course of providing outsourcing services to their customers. In the future, there will be an increase in freelance and autonomous outsourcing agency pertaining to the general operations of a company via outsourcing.
5. Increase in Virtual Employment
The future outsourcing trends will surely witness a sharp increase in virtual mediators or agents. Without doubt, the hope of offshore outsourcing is very bright in the coming days. Outsourcing will not only reduce the operational expenses of frequent nature, boosts productivity, and flexibility, but also enhance the overall efficiency of the firm and saves the business owners from labor problems.
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.
Content marketing outsourcing is the key for B2B (business to business) marketers all over the range. As a matter of fact, 44% of B2B marketers outsource content creation, while about 57% of B2B technology marketers outsource editing, design, and content writing.
1. Ability to Scale Your Efforts Rapidly and in Bursts
You risk being compulsory to employ promptly by the time you want to scale up your efforts or carry out most important layoffs by the time you want to scale down, when you put up an internal content team.
However, your ability to scale is restricted by budget alone, not by your personnel resources alone or the time of your team, if you have outsourced your content marketing to a reliable agency. This ability is helpful for a startup that is growing up fast.
2. You can Save Cost and Time
Distribution, management, and content creation won’t be as efficient, as high-quality or as timely as an outsourced firm that focuses in content marketing, if it is already concentrated on a number of other marketing initiatives, irrespective of how much self-assurance you have in your marketing team. Think about making use of a knowledge management model to streamline your content creation exertions if you are in a time crisis. This will save you both time and money.
In order to understand your goals, your business, and to create content in cooperation with you, partner agencies frequently allot teams of editors, writers, content strategists, and account managers to work with you. Nevertheless, it is just you and your team that will know the kind of relationship that will meet your requirements.
4. The Executor or Implementer
The job of implementer s or executors is to get your documented tactic and implement the content creation. It will generally be an association of freelance writers who turn articles around depending on your parameters like time, quality, and cost. For organizations looking to roil out high qualities of premium content very fast, this is a good alternative.
The Bottom Line
Outsourcing your content marketing implies that you know the limitations of your team and want to make sure your content marketing is as effective and premium as possible. As a result, entrusting it in the hands of the professionals at an outsourced content marketing agency is the only way to accomplish that.
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.
