Outsourcing is More Than Just Cost-Cutting
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Hiring a virtual staff cuts cost and gives you better profit margins through a varied talent pool, but outsourcing can bring more than just profit and reduced costs. Don’t lose out. Find out.
Many startups are focused on making the leap from ‘starting’ to ‘sustained growth’. It’s natural. And to make this leap, small to medium business owners develop strategies involving SEO and customer engagement. That’s where your virtual staff comes in, accomplishing the background tasks that make these strategies effective, transforming engagement to sales, and sales into more engagement and sales.
One big benefit of having a team of skilled virtual assistants is that you don’t lose sight of the bigger picture. Your virtual staff takes care of the day-to-day so you’re not swimming (and sinking) in it. Instead of surviving on a daily or monthly basis, you create goals, long-term goals.
As you master the basics of outsourcing and what it can do your business, these goals come up. Sustained growth becomes sustained value.
And outsourcing is right there, also an invaluable source of insight and innovation.
What else can outsourcing do for your business aside from cut costs?
1. Outsourcing brings you global talent
This is an old value of outsourcing. Even from long ago, silks and silk-weaves were outsourced to other countries who knew their silks and silk weaving. In this age of the digital marketplace, the same thing applies. An entrepreneur in Alabama can outsource graphic design from all the way in the Philippines, as good as or better than what could be sourced locally or from the Silicon Valley.
Depending on your niche, you might have a shortage of interested or skilled workers who could expand on your products or services. Outsource it.
2. Outsourcing accesses ‘local’ market opportunities and innovation
If your business is in a slump, having an ‘in’ somewhere else could give you fresh ideas AND the first foot in the door for that idea. What’s promising or already booming in Asia might still be completely unknown in Europe. Grab it, outsource it, package it, sell it. Be the pioneer. Beat your competitors.
3. Outsourcing builds partnerships, autonomous but supportive
Speaking of pioneering, outsourcing has disrupted traditional ‘standard’ business practices since the 2000s began. India and the Philippines are hubs of outsourced but independent ‘departments’ of bigger companies.
Acer and General Electric outsourced their manufacturing and R&D, to great results. Hasbro’s partnerships worldwide protected them from the lead paint crisis some years ago.
Research and development, manufacturing, customer support– you don’t have to own a huge incorporation to harness the benefits of outsourcing these. A virtual staff can accomplish a good chunk of that. You develop and nurture a team invested in your company as if you hired them in-house.
Freelancers love having a hand in the success of their clients’ businesses. Outsource with an eye toward sustained value, not just sustained growth.
Don’t rush into it. But once you’ve organized and rationalized your plan and processes, you’re ready to outsource, and the rewards will be great.
How to Avoid Premature Engagement: https://www.usource.me/virtual-assistants-how-to-avoid-premature-engagement/
7 Tips Before You Hire Freelancers: https://www.usource.me/7-tips-before-you-hire-freelancers-an-essential-checklist/