When we hear about outsourcing nowadays, it’s usually bad news. You know that jobs are being taken away from Bank A because they’re being outsourced to the Philippines, or the frustration you feel when you need want to speak to a representative of a major company, but end up talking to an Indian customer service agent. Outsourcing has built itself a bad reputation, and it is expressed by various media streams.
Jobs lost are budgets cut really do affect a lot of us in the working class. However, outsourcing isn’t half as bad as you think it is. The Internet has made it so easy for us to hire virtual help for less money than you would believe! When I started as an internet marketer, I had so much on my plate. I would be working 50+ hours a week just to get work done. I turned to outsourcing some of my simple tasks out on websites such as odesk and fiverr, and it was one of the best investments I have made.
It’s rather simple, let me give you a list of advantages to outsourcing your work:
1. Work can be accomplished at a faster rate. Outsourcing allows you to do other things that you need to focus on, while another person gets to accomplish your tasks that are still needed to be done. Not only is work accomplished faster because you can finish two tasks at the same time, it is also faster because your outsourcing partner is probably already an expert at what he/she does. If you have chosen the right outsourcing partner, there is a great possibility that they can finish the work twice as faster as you normally can.
2. Work can be accomplished at a lower cost. There are a number of ways to minimize costs through outsourcing:
a. You do not need to have the working capital that is normally required to finish a particular task. To keep the example simple, consider the amount of work to be done if you want to market your own product. In order to be successful, you will have to pay for a phone line, a computer, a printer, internet service, fax, etc. When you outsource work such as this, your partner takes care of the equipment needed to accomplish the task and you only pay based on your agreed deliverables, which normally use the time rendered (in number of hours) or the number of tasks accomplished as a basis (invitations sent/advertisements placed/sponsors invited). This saves you the trouble of maintenance and operating expenses, such as printers getting damaged or computers getting a virus.
b. You can take advantage of outsourcing’s global reach through the internet, giving you access to lower labor costs. This is precisely the reason you see many BPOs or outsourcing companies in various parts of the world today, particularly in places where labor costs are relatively cheap. For instance, if you were to hire a web developer in India, the average monthly salary can be pegged at $385. Compare this to hiring a web designer in the US, where the monthly rate is at $4,250. Using simple math, you can easily see how the rate in India is eleven times more affordable compared to the rate in the US.
3. Work can be accomplished with minimal supervision. The only thing you need to be supervise when you are outsourcing are 1) the quality of the finished product you have asked for, and 2) the punctuality of your outsourcing partner. There is no need for you to visit a site, or understand the way people feel, or monitor how much was spent in the process of coming up with the product. All of these things are taken care of by your outsourcing partner and you need only to talk to one person about your concerns.
4. Work output can actually be better. It makes sense that contracted work can actually be better than self-accomplished work. Remember that the types of work you want contracted are normally those you do not feel like doing? In contrast, people who accept outsourced work tend to push towards their own core competencies. If you choose your outsourcing partner(s) well, it is highly likely that he/she already has vast experience when it comes to doing a variety of tasks, and so you can be certain that the work they do for you will be good quality. The presence of competition for outsourced work, likewise, becomes a challenge for them to continuously improve their services.
I would assume that all of us have virtual chores to do, such as pay bills, do research, write papers, emails, etc. These can all easier be contracted out for less than $5/hour. You may think, “I could save myself $5/hour and do it myself”, but that just means you are paying yourself $5/hour. Ask yourself if your time is worth that little! That hour can be spent with your family, friends, or other loved ones.
Last but not least, contracting out work essentially makes you your own boss. You have works overseas doing work for you and you’re paying them less than minimum wage. It’s an inexpensive way to strengthen your leadership skills, as well as practice communicating orders to subordinates. In the end, you get work done for cheap, and you get to build confidence as a leader.
For those looking to start contracting out their first jobs, I recommend these outsourcing websites to start off with. I have tested them and use them regularly:
1. Odesk: From web design to simple online tasks, odesk has almost everything. People post jobs on the website, and contractors respond it your job postings. You’re able to interview them before offering them the job.
2. Fiverr: Everything for $5 USD. It’s a fun and creative website that allows you to browse and see what you want completed.
3. Elance: Similar to Odesk. The contractors here are often more skilled and look for professional work.
4. Epicwrite: If you need an article, book, or anything written, Epicwrite offers excellent service at a great price point.