Outsourcing: A Cost-Effective Alternative to Hiring Full Time Staff
One of my best kept secrets for building a highly successful business Part Time has been this:
I recognized the need to Outsource…
I realized very quickly that I didn’t have the time (or skills) to do everything myself. It was far easier to do what I loved and outsource the rest.
Moreover, many small businesses are faced with the problem of not having sufficient funds to hire full time staff to handle various tasks within the business and outsourcing is definitely a cost-effective alternative.
Outsourcing vs Full Time Employees
Hiring full time staff comes with a whole host of problems, including having to pay for vacation time, sick days and so on and so forth. Additionally, you are unlikely to find a single person who can handle everything you need done. For example, the chances of finding a web designer who can write and take customer service calls are minimal. This means that you need to hire two or more people to handle everything.
Then, there’s another problem. You might not have enough work for them all the time so you’ve got people who aren’t doing anything. In other words, you are paying people for standing around or browsing the web. Let’s not forget that you also have to provide a place for people to work as well as the equipment they need. All this costs money.
However, with outsourcing these issues are no longer a problem. First of all, you outsource on a project by project basis, meaning that you only pay for the work you need done. It also means that you can hire different professionals for the different projects you need completed. You also don’t need to worry about providing them with the equipment they need or a place to work.
So, while at first outsourcing might seem more expensive than hiring full time staff, if you sit down and work out the figures, you’ll find it’s a much more efficient solution in the long term.
In fact, you will find that many large companies have let entire departments go because they have found outsourcing to be much more effective. They don’t have to deal with employee problems, they can pay just for the work they need done and they don’t have to hire five people and pay them on a continual basis even if they only need a certain skillset for a single project.
For example, you might need to put a website up. It would mean hiring a web designer but if you were to hire them full-time, you’d have to find something else for that person to do once the project was complete. If your business is not centered on web design, then that could be a problem. On the other hand, you could simply outsource the project, have your site up in a few weeks and never have to worry about it again.
Outsourcing has become the go to solution for most companies when it comes to getting certain projects completed and it certainly is one of the most cost-effective solutions for small business owners to expand their operations.
Whether you are a small business or an internet entrepreneur…outsourcing truly can be leveraged to massive levels if you get it right. Unfortunately, so many people miss the mark and end up costing themselves money instead of increasing their profits. This doesn’t have to happen.
In fact, it can be quite easy to boost your business up to the next level. The key is to delegate those tasks that you know someone else can do faster than you could do them yourself, at a higher quality than you could produce. This boosts your overall productivity and keeps your business quality high.
There are clever ways you can hire experts to help, as you need them – yet without it costing a king’s ransom.
Need some help? I’ve compiled a special report that reveals some tips, called ‘Outsourcing Your Way To Huge Profits’. And it’s yours, completely free of charge. You can get the report here ‘Outsourcing Your Way To Huge Profits
If you want a more in-depth study, you can find out exactly how to do this at Outsourcing Profits.
Jerry Duling is a Marketing and Business Consultant, Professional Speaker, and Social Media advisor. Jerry shows businesses how to use Social Media to build their brand, generate leads and close sales. Jerry also provides individual resources for the Internet Entrepreneur. Connect with Jerry on Google+.