Friday, November 28, 2008

How Outsourcing Can Skyrocket Home Business Profits Overnight

By Kylon Trower

I'm sure most of us got into home business and came to the internet to earn a good living, provide value to the community and have some semblance of freedom, right? We'll why are you working longer hours and feel less free as an entrepreneur? It's probably because we don't know when to let go and start outsourcing some of the mundane tasks that prevent us from truly having that freedom.

Now granted, when you are just starting out, outsourcing may be the furthest thing from your mind. However, even if you are just starting to get your feet wet, I want you to start thinking about what you do best and what you don't. I remember starting a home business on Ebay years ago that took off and I couldn't control the sales if I wanted to.

In this situation I new that I was going to need some immediate help and I brought on a part time assistant. I paid him to do some of the mundane tasks that I didn't necessarily care for in exchange for a consistent hourly wage created by the added sales and productivity. When your business gets to that level, don't put it off as it will ultimately stunt your growth.

That said, you must be especially careful to choose the right people to handle the tasks with the same level of professionalism and expertise that you would. It is also important to outsource tasks that are very mundane and straightforward as opposed to tasks that can ultimately determine the success or failure of your internet marketing business.

Examples of this are tasks such as answering emails, keeping track of stocks and sales figures and so on. These jobs are very simple and often repetitive which make them easier to learn and less likely to screw up. Again, never let someone else make decisions that will greatly affect your internet business if you do not want to risk losing it overnight.

Now let's get down to the bottom line, how do you pay your new hires. It depends on how often you need their services. In the beginning you may be able to hire a freelancer on a periodic basis as you need them, but as business picks up you may consider hiring them on a full or part time basis. Full timers would be paid hourly and your freelancers would be paid on a per project basis.

Now when it comes to project work, you are only required to pay them once based on a job done according to your previously agreed specifications. You can find reputable freelancers in several places right on the net. A couple popular sites you should familiarize yourself with are www.rentacoder.com and www.elance.com.

When your home business reaches this point and you find it more difficult to juggle all the tasks of growing your business effectively then its time to outsource. If you are anything like me, you may be concerned about your profits decreasing when you hire people , however, I learned that much more money is earned through the increased productivity.

One final thought before we part, don't stop dreaming. You had a dream that got you to this point and it's that dream the will continue to get you over the humps and challenges you'll inevitably face. Make sure the reasons why you are doing what you are doing are greater than money, fame ad notoriety and you're almost guaranteed success. - 15485

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