If you’ve ever read a Tim Ferris book or talked to an entrepreneur, then you’ve probably heard of the idea of outsourcing part of your business to other, mostly offshore third-party providers.
What the heck can you gain from farming out some of your tasks? Here’s a short list:
Why else do you think are small and big businesses alike all over the idea?
When you subcontract tasks to countries like the Philippines, you get to pay much lower labor costs AND get the same work quality that you would have gotten if you had hired in your area.
Chores such as responding to emails, billing, appointment setting, telemarketing, and website optimization and management are some of the best tasks to allocate abroad.
Using offshore service providers also removes the need to invest in additional infrastructure.
If you’re located in a high-rent area, for example, then paying for extra office space would sting. Medical packages, extra equipment, and office supplies are also some of the costs you won’t need to worry about if other people are worrying about them for you.
You’ll get highly skilled service providers
While your neighbor’s niece can probably answer emails or make appointments for you, you’re better off hiring people who are highly experienced in handling your specific business needs.
Working with specialized providers to do everyday responsibilities for you ensures higher work quality and, in the case of customer-oriented businesses, higher customer satisfaction and business loyalty.
Attain “big fish” level efficiency
Your biggest competitors can likely afford to have in-house back and front office teams handling specialized tasks for them.
If you commission your tasks to specialized third parties, you’ll be taking advantage of the same economies of scale, skill pool, and productivity that larger businesses have.
Which leads me to my next point…
More time for your ACTUAL business
When you thought of your bajillion-dollar business idea, I bet you didn’t think you’ll be spending so much time taking orders, answering customer queries, managing your website, and handling payroll.
Make your business great again by passing off some of the more tedious back office chores to employees who are skilled in what they’re hired for.
This way you’ll be able to focus your time, energy, and resources into activities that would actually help expand your business.
Increased business hours
What’s worse than a scathing customer review? Letting it go unanswered until you open for business!
Using offshore service providers means there’s somebody manning your business at any point of the day. No more unanswered calls, emails, and work issues to leave overnight!
Getting service and process providers located in a different time zone also means there’s somebody to do your business processes for you even while you’re asleep. You can even delegate some of the more critical tasks and have them send their work for your review as soon as you’re available.
More efficient employee management
Partnering up with top business process providers like WinSolutions means we also share your human resource workload.
After all, the start of the peak season or a change in your business processes is NOT the time to be worrying about multiple employees going on vacation, high employee turnover, and other HR issues.
Subcontracting tasks also promote more professional relationships.
Small business owners, for example, will get to work with skilled employees who have clear tasks and expectations instead of overpaying their friends and family whose work may not be as consistent or as specialized.
Larger businesses, on the other hand, can enjoy the benefits of steady operations. Imagine if your Finance Manager is about to retire and her assistant is due for a maternity leave. Farming out your bookkeeping functions would prevent hiccups in your operations and give you time to hire new assistants or managers.
Flexibility in team size
One of the best parts about outsourcing is that you can choose how big or small you want your offshore team to be.
Do you need a bigger sales team for the holiday season? We got your back!
Do you need a smaller team once the tax season is over? Sure thing.
Do you only need a TEAM OF ONE to handle your emails? No problem!
We here at WinSolutions have worked with small and big companies alike and will have no problem catering to your specific business needs.
If you don’t know where to start outsourcing some of your tasks, you can play around with our FREE OUTSOURCING CALCULATOR or contact us if you have any questions.