If you are wondering why businesses of various sizes keep talking about outsourcing, it simply shows you are not yet leveraging outsourcing solutions in your business. Also, it is possible you don’t even have a full grasp of what it is all about. Whichever case, you are most likely missing out on huge benefits that outsourcing offers to a business.
Outsourcing is not a New Concept, It only Got Bigger, Better and more Accessible
Outsourcing is not a new concept in the business world. It has been around for a long time but only got better, bigger and more accessible. Those days, no small business or not-so-buoyant individual would dare think of outsourcing since it was quite cost-intensive.
Big thanks to the Inspiration behind the invention of the internet and the World Wide Web, everyone can now take advantage of outsourcing regardless of their economic status and business size.
What Outsourcing Really Is
Outsourcing is simply the act of using employees or workers outside of your business premises to accomplish your business functions. The definition can’t get simpler than that.
So, why would a business reach out to temporal employees instead of depending solely on its full-time workforce?
The reasons are hinged on the following top benefits of outsourcing that you may be missing out on if you are not yet implementing outsourcing solutions in your business;
1: It’s the Best Way to Lower Expenses and Maximize Profit
The reason small and big businesses are drawn to outsourcing is large because of the secret code called ‘huge cost saving’. This is no exaggeration; you can cut back up to 80 percent cost by hiring third-party employees and disbanding them when you no longer need their services.
Yes, you don’t keep paying outsourcing providers salary (as you would do to full-time employees) when the job is done. You simply disband them and re-hire when the need arises again. You may even choose to hire the different set of outsourcing providers subsequently. This is one of the secrets to saving cost and maximizing profit with outsourcing!
2: It’s a Great Way to Afford a Skill or Expertise You couldn’t afford on a Full-time Basis
Also, the possibility of hiring an expert at a far lower cost than what you would have paid a full-time expert is one of the benefits that have popularized outsourcing solutions. For instance, while it will cost you the fortune to pay and keep an IT expert in-house, you will only spend a fraction of that cost when you contract an IT expert via outsourcing.
3: You will Reduce the Time It takes to Lunch Your Product into the Market
When you use outsourcing to accomplish the division of labor, it reduces the time it takes to finish production and lunch your product into the market. This ultimately rewards you with the larger share of the market and customers.
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 to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
Product development is a major part of marketing for any business or company. And, as an entrepreneur, you may not have an ideal concept of how your product development should go. Outsourcing marketing services can help you come up with the ideal concept and will handle the task from start to finish. Indeed, it’s appealing to use an expertise you are not gifted with to achieve giant strides in your business. However, you need to do this carefully and thoughtfully.
Here are top tips on how to outsource your company or business’ development project;
Tip #1: Ensure You Retain Control
Remember, the product was conceived by you – it’s your brainchild. So, be careful not to lose your precious child, which is why you should be part and parcel of the product development even if you choose to outsource it to a third party.
Make sure that the outsourcing marketing services have track records of prioritizing confidentiality in their outsourcing practices.
There should be the proper contract that will bring the offender to book.
Monitor the job from the beginning and ensure there is no alteration to the original concept. Be part of the project every inch of the way.
Tip #2: Hire Specialized Outsourcing Companies
To promote better outcome from your product development outsourcing, ensure you hire someone or a company that specializes in marketing, and especially product design and development.
For instance, if you are about to design an electronic product, some outsourcing specialists for this job will include layout engineer, circuit design engineer, mobile app developer, test/firmware engineer, or 3D design engineer.
Tip #3: Put Checks and Balances in Place
As mentioned earlier, don’t remove yourself from the product design process. You should get involved in different ways, including putting checks and balances in place to help you cut back risks.
In essence, you should get a second opinion instead of putting all your eggs in one basket. This procedure is standard when it comes to the development of a new product. The second developer will help point out errors and other abnormalities that may negatively impact the final outcome.
Additional Tips
Since you know that the success of your company depends on your product, you should guide its development stage jealously. As a result, you should employ strict and rigorous steps in hiring best outsourcing marketing service for the task.
Read genuine reviews and feedback from previous clients to help you make an informed decision. Consumer-oriented websites such as the Better Business Bureau is a great place to check genuine feedbacks, reviews and unresolved complaints about service providers in different niches.
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 to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
More and more businesses and companies are increasingly adopting outsourced office services to execute the none-core office functions. The essence is to enable them to face the core business tasks that the business is established upon.
Keep reading to find some service-based business functions that you can outsource to a vendor.
1: Customer Reception
Customer service can eat deep into a company or business’ time and even resources. But of course, your customers are your most valued assets and deserve the best from you. But, you also need all the time you can get so that the core activities that guarantee the continued existence of your business are not pushed to the backburner.
in order to strike a balance (provide quality service to your customers and also pay quality attention to your core activities), the best approach is to outsource your customer reception. This provides you with the benefits of saving both time and money without watering down the quality of service administered to your valued customers.
2: Bookkeeping
Also, you should consider hiring outsourced office services to accomplish your business’ bookkeeping. This is another office function that can occupy the time of business owners and their employees, which is why it is better outsourced to a third party who works outside of your premises.
Bookkeeping tasks are demanding and would include monitoring and recording expenses. Also, the outsourcing service provider will handle other aspects of your business bookkeeping such as creating the spreadsheet or using innovative bookkeeping applications to execute bookkeeping functions.
3: Documentation
Documentation requires attention to details, which makes it a time-consuming office task. So, you can outsource your office documentation functions to a virtual office assistant who will store, organize and manage files. The virtual assistant will also perform other functions such as typing, editing, proofreading, and data entry for your business or company.
The best part is that virtual office assistants engage highly innovative tools to accomplish your business documentation. As a result, they grant you affordable access to business tools that you may not have, especially for the small businesses that can barely afford some of such innovative business tools.
4: Content Creation
From blog posts to articles, website contents, social media posts and sales copy, you can hire outsourced office services provider for your content creation. Writing can drain time and requires a lot of concentration. You would be better off hiring an expert writer on outsourcing basis to handle your content creation and publishing.
5: Accounting
Finance-related tasks are increasingly outsourced nowadays, giving company/business owners ample of time to concentrate on the major activities that strengthen the business and the brand.
You should consider adopting outsourced office services for these top service-based business functions.
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 to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
Outsourcing firms provide extensive outsourcing services to companies and even individuals. These services include virtual assistance, customer reception, call centers, marketing, accounting and much more. However, you should focus on hiring the best outsourcing providers so that you can obtain the best result.
So, how do you ensure that only the best outsourcing provider will handle your business tasks?
Tip #1: Pen Down the Traits and Expertise You’re Looking for
Depending on the business function you wish to outsource, you should write down the traits and expertise you’re looking for in an outsourcing service provider.
For example, if you’re seeking to hire a virtual assistant for your high volume business, some of the traits you should be looking out for include ability to meet deadlines, multi-tasking traits, and proficiency in carrying out the demanding nature of virtual assistance tasks. And, for customer reception reps, you should ensure that the provider has excellent communication skills combined with the ability to make customers feel comfortable.
Tip #2: Come up with a Job Description
Also, you should create a job description for the outsourcing firm you wish to hire. While the firm is expected to be a pro and should know what is expected in line with the business function being outsourced, you should consider creating your own job description that matches your uniqueness, specific tasks or industry standard.
The job description should be as detailed as possible, clearly spelling out duties, responsibilities, hours of work and qualifications. Additional helpful pieces of information would include who you are, your company’s mission/goal and your specialization. Do not leave anything to chances, ensure that you have provided all the details that would promote successful outcome in an outsourcing contractual relationship.
Tip #3: Research the Proper Rate for the Task You Want to Outsource
Do you want to make sure you’re bidding appropriately when seeking to hire outsourcing firms, don’t you? Therefore, research what other businesses in your niche or industry have been paying to outsource providers for the task you want to outsource. You should also go online to shop for outsourcing rate for the specific task.
Subsequently, you will be able to bid appropriately when it is time to hire an outsourcing provider. Indeed, you can hardly go wrong in terms of what a suitable remuneration for an outsourcing provider is if you research earlier before bidding. Finally, don’t forget to draw up a proper contract that will regulate the outsourcing contractual relationship. It will help both parties to take responsibilities for their actions in the course of the contract.
The outsourcing firm should read and understand the terms of the contract, and each party should sign the document as a seal of an agreement.
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 to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
If you’re seeking to hire an external telemarketer, you’re obviously looking for someone to help market your products and/or service via the phone. This is definitely a smart move as long as you hire the right telemarketing outsourcing provider. You can actually know whether or not a potential telemarketer is fit for your company’s telemarketing needs. How? Keep reading to learn how.
You can determine whether or not a telemarketer you are interviewing is suitable for the task by providing answers to these questions;
How Composed is the Provider?
How clear, profound and composed is the person you’re interviewing? If a potential telemarketer is jittery, stutters and can barely speak convincingly from the onset during the interview, it’s a red signal for the quality of telemarketing service you may likely get from such provider. While this may not always be the case, it is often the case. So, think twice if this happens.
How Does the Provider answer an Open-Ended Question?
You should deliberately engage a potential third-party telemarketer in an open-ended question and see how articulated the answers would be. Bear in mind that the marketer is going to be encountering such queries in the course of this task. So, right from the beginning, find out how they will offer explanations to customers when they are hired for the task. The truth is, whatever vibes you get from the onset as you interview an outsourcing telemarketing provider is what you are likely to see play out when you eventually hire the person. So, watch out for signs that may not point to the successful outcome.
How Does the Outsourcing Provider React to a Harsh Interrogation?
Also, in order to determine right on the spot if you are about to hire the right telemarketer or not, you should deliberately wear a harsh tone at some point during the interview and see how the provider will react. As you know, some customers can be quite harsh when they need the solution right away. And, it is important that the telemarketer does not reciprocate with a harsh tone. Customers are always right no matter how rude they may sound. It is important that your telemarketer is polite regardless of a customer’s disposition.
How Well Does the Outsourcing Provider Offer Explanations?
Also, in the course of interviewing the provider, ask questions that will elicit the extensive explanation. This is a great way to measure the outsourcing vendor’s ability to offer a profound explanation for your product and/or service to both existing and potential customers.
The simple truth is, what you see is what you get when it comes to your encounter with a potential outsourcing telemarketing provider during an interview.
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 to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
Marketing your brand online can be a really time-consuming task. This is why most businesses and companies resort to outsourcing marketing to external experts. Digital marketing has become an increasingly outsourced task because of two major reasons; to free up time for the core functions of the company and to get the better result from experts.
First, let’s examine the term “digital marketing”. It is simply the marketing of services and/or products via digital mediums or technologies, especially over the internet. This can be accomplished with the wide range of tools and devices such as websites, social media platforms, blogs, phones, and computers.
If you’re wondering whether or not it is wise to outsource your digital marketing, here are some benefits you should consider;
You will Free up More time for Your Core Functions
Particularly for small businesses that have fewer hands on deck, you will free up more time for the core functions of your business by hiring an external expert to manage your digital marketing.
As mentioned earlier, staying at the competitive edge with digital marketing requires spending hours daily on the various mediums and tools mentioned earlier. This would definitely leave you and your few employees with little time to attend to what matters most to the business. So, contract out your digital marketing and focus on the core tasks in-house.
Spend Less on Digital Marketing
Outsourcing
Digital marketing outsourcing is less expensive compared to hiring the expertise in-house. First, you will need an office space and a computer if you decide to employ the digital marketer full-time, plus monthly or hourly salary.
On the other hand, you don’t need an office space or other work tools for an external digital marketer since he already has his own tools and space for the task. Besides, if you decide to take a break from his service to monitor the outcome of the service offered so far, you won’t have to pay the contractor for the period of time you are no longer using his services. All these factors help to greatly cut back the amount of money spent on digital marketing.
Use the Best Hands for the Task
Often, digital marketing service providers are experts in this field of marketing. They are well trained to execute the task. And, they employ the most effective apps, tools, and measures that guarantee the best result ultimately.
They are willing to sit for hours promoting your product and/or services digitally, in a way that would grant you a competitive advantage. So, you can go to bed and be sure that more and more customers around the world are becoming aware of your products and services, leading to potentially increased orders on the web.
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 to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
Quite a lot of companies are now looking for a one-word solution within their budget to enhance the business process, remain competitive in the market and provide great customer service. And as a matter of fact, hiring outsourcing companies is the best gateway to success. There are occasions that companies have to think about outsourcing as the only alternative they have because there are no internal employees that can carry out certain tasks.
Nevertheless, to outsource service is not the only option at times, but it is the best, smart, and wise decision that helps in the development of the organization.
Business owners are choosing to outsource service in respect of different tasks in order to gain more advantages, as the difficulties of working remotely keep falling apart in the global market. But the decision to outsource business services should be taken in the context of the entire business, rather than just focusing on saving cost.
Let us examine the critical reasons when you should hire outsourcing companies for your business.
For Technology Particular Needs
It makes sense at times to take advantage of outsourcing services to employ technology professionals that can meet the specific needs of your company. such outsourcing providers always have access to several tools and buying the same tools for your company use may look very expensive than working with the third party outsourcing company.
Introducing a New Function
You have two alternatives before you if you don’t have plans of introducing a new technology to your business. You either train existing professionals or recruit skilled ones, or you combine the two. In case you have lots of positions to fill, this could be very expensive. Hiring reliable outsourcing companies with the perfect skills you need to get the project started without wasting time are the second option. It is easy to get the project finished by experienced or skilled people as all sorts of work can be outsourced effectively.
Effective Management
To efficiently manage the whole project is another major reason to take advantage of third-party outsourcing services. Managed outsourcing providers take the whole responsibility of handling various areas of the project. The fact that the business owner is protected from the risks of buying tools, specialized recruitment management, and inflated prices is one prime benefit of hiring a third party service outsourcing provider. Outsourcing companies frequently charge a preliminary set-up fee and a flat rate for any project they handle, which makes it easier for businesses to manage their budgets.
Daven Michaels is a New York Times Best Selling Author and CEO of the premier global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
Does your business involve selling a product? If yes, you need to ask the following questions at a particular point in your business if you are thinking of outsourcing third-party warehouse.
Why should I outsource my apply chain to manage?
The notion of outsourcing third-party warehouse or hiring a different party to manage your products is a strange one. Ordinarily, having taken your time to time to develop, manufacture and even grow your business, it is natural that you manage the logistics to make sure such product gets to its destination. Outsourcing this control looks as if you are transferring your business to another person.
There are pros and cons of outsourcing while controlling your logistics and supply also have its advantages as enumerated below:
Doing it all by you can be as flexible as you want it to be
When comparing to business outsourcing, it looks cheaper
You have complete administration and visibility over the management of your product
On the other hand, doing everything all alone can impact a growing business negatively as follows:
Takes much of your time
Having to spend buying machinery, building, and maintaining costs
Increases space needs due to increased rental cost
A quickly developing business needs both time and resources which can be insignificant to other aspects of an increasing business.
Consequently, what gains can a third party warehousing outsourcing solution offer you?
The aptitude to assign both your know-how and time more effectively
Cost saving resulting from lack of equipment, machinery, maintenance, software, rental, materials, and staffing costs.
The best third-party outsourcing service provider should be treated as an expansion of your business and not just a service provider. This outsource company will be an integral part of your business operations, being the core of your supply chain.
You can gain access to the following when you use top outsourcing companies:
All-around (24/7) visibility of your supply chain
The most recent eCommerce combination and warehousing management system technology
Reduced costs as a result of leveraging the power and resources of a third party.
However, it is essential to choose the right outsourcing vendors in order to maximize possible development opportunities. Always make sure you do due diligence whenever you are researching third party warehouses. Make sure the company outsourcing has experience working with your industry, like-minded, has the capabilities and technology that will enable them to help in the development of your business.
How have you actually handled the issue of third-party warehousing in your business? This is food for thought for all smart business owners!
Daven Michaels is a New York Times Best Selling Author and CEO of the premier global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
The dream of all entrepreneurs is to build a successful and flourishing business. Unfortunately, only a few of these entrepreneurs always fulfill their dreams. While it is a rewarding and exciting venture to float a business, the road to success is full of challenges if adequate outsourcing strategy is not adopted. As a matter of fact, nine out of 10 of startups fail because of poor management. Business outsourcing is one of the ways to keep your business from being a start-up casualty.
Generally, here are the costs of building a business:
Marketing and Sales
Wages and Benefits
Cost of Sales
Administrative Costs
Technology Costs
Professional Fees
These costs can run up to millions, depending on the type of business and scale of operations. To be successful, it would be more prudent to keep costs at the barest and use your resources wisely, even if you had access to seed funding. Just any business function can be handed over to a service provider – with the aim of relying on outsourcing solutions that best translate to greater efficiency and cost savings.
Here are a few business outsourcing solutions to consider:
Customer Support
Customer support can make your business stand out from the crowd in saturated and extremely competitive markets. This is the reason for call center outsourcing operations by many companies. Offshore destinations such as the Philippines are home to business outsourcing companies who are professionals at outsourcing call center services. The talent pool in Philippine is comprised of experienced employees, a lot of whom are considerably knowledgeable in sales and customer support.
Finance and Accounting
Small businesses do only perform excellently well with simple software and accounting packages such as the Quickbooks, but the human capital would be your biggest expense in this aspect. Employing and retaining qualified professionals can be expensive. Fortunately, there are a lot of finance and back office accounting outsourcing firms in the market. To save you time and money, think about outsourcing all your finance and accounting functions.
Manufacturing
It is a tedious and time-consuming endeavor to build a manufacturing plant and manage the everyday operations, particularly if you have large-scale operations in mind. Purchasing equipment, screening and employing a workforce, and buying and maintaining facilities will take a large portion out of your resources. Foreign outsourcing of assembly work and manufacturing to foreign outsourcing firms will get the work done cheaper and efficient.
Final Thoughts
Business outsourcing enhances business development and cuts back on costs. You and your employees will focus on what you do best by outsourcing the functions that don’t promote inventiveness or innovation but are rather imperative to day to day operations. Outsourced business services also allow you to devote extra time and energy to critical decision-making and high-level tasks. Why not discuss with an outsourcing service provider today to see how outsourcing will profit your business.
Daven Michaels is a New York Times Best Selling Author and CEO of the premier global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
There are several settlements obtainable in the course of offshore programmers. This can let you spend less time and money. The computer era is in the lead, and it persistently progresses. This means your software and programs must be current. These need to be well-organized so that your company functions well and your employees can keep on a pinnacle of it all.
Simultaneously, they have to ensure that it is possible for you to hook up with your consumers. If you proffer web transaction, there is the necessity to be a prompt and successful check out procedure. Do not take too lightly the worth of an enormous system in place. Workers and customers turn out to be aggravated rapidly when things do not go on well.
What Do They Provide?
Offshore programmers can proffer you general worth. Certainly, you must ensure that they have the exact proficiency to acquire the work completed. Cautiously choose your source only once you have followed a line of investigation. Inquire for samples of what they have done earlier and tell them what you presently require. They should be capable of getting you some information on service they can offer.
The charge of the project depends on how depth, time and how hard it may be. The Programmers should be keen to create changes if there is a discovery of any bugs in the scheme. Usually, they want to falsify a continuing rapport with you. They will be available for the extended tow. If there is any problem or question, they will be ready to help you.
They will also give you total updates as your desires alter. That is significant as the marketplace move, your customer major needs are customized, or you want to change your business brand. Once it comes to offshore programmers, the services they provide can differ considerably. It is a good thing to know precisely what your gain will be from them before you jump in.
Save Money
Competitive costing is an extra of offshore programmers. You can acquire the worth you look for, for a part of the price you would or else give. Ensure that you will not be cheated in regards to what they bring in order to save that cash. Do not negotiate the value in order to secure a small piece.
The budgeted cost should be documented. This will be helpful to get quotes from more than a few offshore programmers in order to compare prices and services. You should remember to request for the approximate time frame for the task to be finished. Be in hurry for the task, you may decide to pay more instead of saving money but stay for more weeks.
In view of the fact that offshore programmers do not directly for your company, there is no need to offer them office room. You do not need to give them remuneration like holiday, indemnity, or departure. All these will be added to your saving to run the business. Offshore programmers are the self-governing contractor so you can deal with them as you wanted. This may be for an infrequent scheme.
It can also be for quite a few projects more than a long period of time. You are in total charge of how you want the relationship to go. You do not need to go for a provider that is not a professional and eager to assist you to pay attention to your business. They understand that there are lots of competitions in the marketplace, and this will motivate them to present you outstanding services every single time.
Ensure that all matters relating to the business is documented. There is need to lawfully compulsory
Daven Michaels is a New York Times Best Selling Author and CEO of the premier global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
