Outsourcing is when you hire OUTSIDE professionals or services to take on part of your business workload. You may want to outsource part of your work because you don't have the time, you need an expert, you have periodic busy periods, or you need more production to get orders out on time, etc. The following are ten ways outsourcing can save your business time and money.
SAVE ON EDUCATION
You won't have to take the time to TRAIN employees. This will allow you to spend more time working on your marketing and advertising campaign.
SAVE ON TECHNOLOGY COSTS
You won't have to do time consuming tasks like adding on new EQUIPMENT or learning new software to complete certain tasks. This will allow you to spend more time serving your clients.
FEWER HR CONCERNS
You won't have to INTERVIEW employee candidates. This will allow you to spend more time improving your customer service -- which will increase your repeat customers.
FEWER ADMINISTRATIVE CHORES
You won't have to fill out all the employee PAPERWORK like tax forms, scheduling, retirement plans, etc. This will allow you to spend more time developing new products and services.
LESS SPACE REQUIRED
You won't have to buy extra OFFICE or work space to complete certain tasks. You can use all the money you save on other business expenses.
You won't have spend MONEY on employee costs like taxes, medical, vacation time, holidays, workers compensation, unemployment costs, etc. (These may vary depending on which country you do business in.)
DO WORK FASTER
You can SPEED up your order and delivery system with the extra help. Your customers will appreciate the fast service and you'll have a higher chance that they will buy from you again.
INCREASE YOUR SPHERE OF FOCUS
You could expand your MARKET share by becoming a middleman and offering your subcontractors’ products or services. This will increase your business profits and give you multiple income streams.
SERVE MORE CUSTOMERS
You can take on extra or large orders your business couldn't HANDLE before. This will expand your market share and you could also offer to take the work your competition can't handle.
SPREAD THE WORD
You could get end up receiving clients and orders from your SUBCONTRACTORS. Your subcontractors may also tell other people about your business.
Larry Dotson has written over 40,000 free business ebooks and publishes the "Rarely Known Marketing Tip Of The Week" ezine -- filled with uncommon,unheard-of, seldom used, and unusual net promotion strategies! You may contact him at or visit his website at www.ldpublishing.com.
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