What is Outsourcing and how can it benefit my Business?

What is Outsourcing and how can it benefit my Business?

June 8, 2018

Outsourcing is when Companies hire outside help to complete tasks which would normally be completed by in-house staff.

Over the last few years, Outsourcing has become increasingly popular as a solution for businesses to save money, without the need to hire more full-time staff.

There are many reasons why companies choose to outsource, with the greatest being it saves money by cutting down on costs. It gives the company the opportunity to complete critical projects without having to pay a salary or other benefits that come with having employees.

When a company decides to outsource they will generally enter an agreement with the outsourcing company which will include things such as;

  • Terms of agreement
  • Costs
  • Timeframe for the work to be completed in.

There are different types of outsourcing for different business, so you’re bound to find someone who can help you with yours.

Some tasks/projects which can be outsourced are;

  • Bookkeeping 
  • Payroll 
  • Cold calling 
  • Warm Tele-marketing 
  • Database Management 
  • Social Media 
  • Blogging
  • Copywriting
  • Event Management 
  • Data Entry 
  • Transcribing
  • Corporate Gift Shopping 
  • Organising Trips/Holidays/Stopovers

There are many reasons why businesses choose to outsource, most of these reasons are costs or deadlines. If you’ve got a company that’s going well and you’re upgrading systems, there are many projects that need to be completed simultaneously for your expansion. This is where outsourcing can help you. You may not have enough staff or they don’t have the appropriate skill level or they simply do not have enough time to complete ahead of the deadline. Outsourcing guarantees to complete your task on time every time. In most cases, it’s usually cheaper to hire an individual or 10 people on a temporary basis, then it is to use your own staff.

Outsourcing will define the way you do business.

It will give you and your staff more time to focus on what’s important which is sales.

Sales are what generates an income for your business, everything else should be outsourced!

Outsourcing will help you spend more time with your family, help grow your business and allows you to focus on the work you truly love!