A lot of small and medium scale businesses are not yet taking advantage of outsourcing services company because they consider the practice expensive. In fact, some have concluded that outsourcing is something that only the big companies can afford. On the contrary, outsourcing has been proven one of the best ways to cut back business running costs and increase profit earning. And, just any business or company can take advantage of outsourcing regardless of the size or the business specifics. So, how can you achieve increased affordable outsourcing as a small business owner? Keep reading to find the best tips.
Outsourcing is the practice of relinquishing some of your business functions to a provider who may or may not be operating within the boundaries where your business is located. An outsourcing provider who operates from another country is known as an offshore outsourcing provider. On the other hand, the provider who operates in the same country where your business is located is known as an onshore outsourcing provider. Offshore outsourcing increases outsourcing affordability as most of the offshore providers seek to provide quality service at lower rate.
So, how can you increase your chances of achieving further outsourcing affordability as a small business owner?
Tip 1: Analyze Your Business Needs
It starts by planning adequately. The best place to start is to analyze your business needs in order to spot the areas that the in-house staff is no longer able to handle effectively. Such areas could include customer care, telemarketing, back office functions, social media marketing and others. Even after identifying the aspects of your business functions that require urgent and external expertise, compare the benefits/disadvantages of outsourcing the task versus getting it done in-house. In most cases, outsourcing is usually the best option, especially when it comes to cost-saving, faster delivery as well as improved expertise. To be sure you are making the right decision by considering outsourcing, you should seek expert’s opinion to this effect.
Tip 2: Come up with an Outsourcing Budget
The major step to finding more affordable outsourced services company is to create an outsourcing budget. Your outsourcing budget should promote increased cost saving when compared to the cost you are incurring presently on the business task/tasks that you wish to outsource. The cost saving should be substantial enough, but also realistic, bearing in mind that you will get what you pay.
Tip 3: Find an Outsourcing Provider Based on Your Budget
Remember, the major essence of seeking outsourcing is to increase affordability and cut more cost in carrying out a given business task. As long as your outsourcing budget is realistic, you should keep an eye on the budget when seeking an outsourcing company or provider for the task you want outsourced. However, you should also give room for a little increase in your budget in terms of the price quote you will get from providers
Tip 4: Compare Providers
This is perhaps the crux of the matter when it comes to landing the best outsourcing deal. Don’t just settle for the first outsourcing provider that comes your way. Research and draw up a list of top-rated providers and compare their proposals based on your requirements. Eventually, you will narrow your choice to the best deal.
Take advantage of these top tips to achieve increased affordability on an outsourcing services company.
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.