One of the best investments you can make in your business is to outsource. It should be done as a priority the moment you start earning a steady income. It will end up saving you time and energy better spent on other things.
Some people outsource to get more time to build up their business, while others do it to get more time to spend with their family. If you have been burning the midnight oil and need a break, here are a few handy tips you should keep in mind to help you get the most out of your outsourcing.
Outsourcing Tip # 1: Make An Outsourcing Budget.
As soon as you start making any kind of money on the Internet, you should start budgeting some of that money towards outsourcing. It will free up your time to make more sites or do more promotion on your existing sites.
At least 10% of your income earned on the Internet should go back into employing others. This is the fastest way to get money rolling in. Besides, money has a natural flow to it; and if you start flowing money towards other people that are trying to make money on the Internet, it will be a positive karma action.
Outsourcing Tip # 2: Outsource The Worst.
Make a list of all the tasks you absolutely hate doing and tend to put off till the last minute, or not do at all.
Some people hate to write articles or are not very good at it. Maybe it takes them too much time. Other people hate to make submissions to directories or social networking sites. They find submitting to be tedious labour that just seems to go on forever. Still others don’t like doing videos, and get someone else to do them.
You can outsource any boring or monotonous task at all, so you can focus on managing moneymaking priorities in order to get your business heading to the next level.
Outsourcing Tip # 3: Outsource The Most Time-Consuming.
There are probably a few tasks that you find very difficult and time-consuming. Make a list of what tasks are consuming the majority of your time.
You may find it interesting once you start compiling this list to see how many hours you are actually devoting to one thing. Sometimes it is important to take a step back and look at your business and see exactly what you’re doing.
Some people can take five hours doing a necessary promotional task, and not even realize that it took them that long to get it done. Take stock of the actions you are taking for your business and how many hours per day or per week you are working on them. Outsource any that are taking up too many of your precious hours.
Outsourcing Tip # 4: Figure out the Value.
The next thing you need to do is make a list of the other things that you could be doing while your other tasks are being outsourced. What could you do to make your business thrive?
Take a look at the value of what you could be doing versus the value of not doing it. If you don’t outsource, you may not have time to get this extra project done. You may be missing out on hundreds or thousands of dollars. Perhaps you need some time with your family because you have missed out on a lot by working on the Internet.
This is the actual value of outsourcing work, and it will be determined by the value of what you can get done with the extra time allotted.
Outsourcing Tip # 5: Find And Keep Capable People To Outsource To.
You need to find valuable people who you can outsource to. There is nothing more frustrating than hiring a person only to find that they cannot produce results. There are also a lot of horror stories about people not delivering what was promised and just running off with the money.
You should never hand over a major project to somebody that you have never worked with before. You should always start small and build up a trust relationship with the outsourcing person.
Even if the person you employ does not run off with your money, they may deliver substandard products that you are simply not happy with and need to get done again. This is a waste of your time and money. You need to find reliable people to work with, and they are out there.
One of the best ways to find people is to get a recommendation from others. This is not always possible because some people do not like to share their resources with others.
You can also look at freelance agencies and pick people that have good feedback. They don’t want to lose their good rating by not doing a good job, so you can hire them with some degree of confidence.
You can also look on Internet marketing forums. You can find writers, people who can do submissions and all sorts of graphics and technical people to help you with your work.
Outsourcing should be looked at as soon as you start making money on the Internet. It is not something that should be put off because every extra moment that you can put into your business will pay off somewhere down the road.