For entrepreneurs that are building their business on the internet, the main question tends to be whether or not there are benefits to outsourcing. Let’s just take a quick look at a few now, then we will go into more detail later:
1. Outsourcing is a powerful way for expanding your online company with minimal stress on your financial resources.
2. By Outsourcing your support needs, this allows you to spend more time focusing on the expansion of your business, and not the day to day details of running it.
3. Using outside agents to promote your presence and to stimulate sales makes it possible for you as an owner to do what you need to do, which is to GROW your company.
Outsourcing – A Drain or a Gain?
Outsourcing is something that has an instant appeal to many people. The interesting aspect is the idea of being able to pay someone to perform various tasks associated with a business, leaving less work for you. However – with all that new found free time, what should you be doing?
Once you’ve built up your business to the point where you can, reliably, automate a lot of it by outsourcing, why not just sit back and enjoy the fruits of your efforts? Then again, this isn’t exactly going to help you very much in the long run.
One of the downsides with outsourcing is that it invariably ends up cutting into your profit margins. Where you might have had a 90% return on your investment previously, after outsourcing you may very well find that it is cut down to 40% or something less.
Needless to say, this represents a huge loss of income, which is part of the reason why some people end up stopping their outsourcing efforts after finding that it is affecting their profits too much. outsource
But why is it that outsourcing is still so popular, if it can be such a huge profit drain?
Well, the answer is quite simple: Outsourcing is only going to ever be a profit drain if you just sit back and do nothing with all the time that you’ve freed up for yourself!
So instead of doing nothing, if you go out there with the goal of building and strengthening your business with all the free time that you have, you’ll find that your outsourcing could instead help you increase your profits!
Unfortunately, this is the key piece of information that so many people leave out when they talk about outsourcing.
At the end of the day, outsourcing should be accompanied by business building efforts, so that instead of just stagnating, and giving away a portion of the profits via outsourcing, your business is actually getting stronger.
And in this case, stronger definitely implies more profitability.
Over the course of this book, we’re going to be dealing with the huge variety of actions that you should be taking while you outsource.
By maximizing the use of your new found free time, you will find that you’re able to kick your business into overdrive, and really start raking in more profits than you imagined possible.
In fact, you will also find that by doing this, and really going about it with the right approach, you may still end up with more free time left over! So the only question left is: Are you ready to find out what you should be doing while you outsource the bulk of your tasks.