Friday, November 28, 2008

How Outsourcing Can Skyrocket Home Business Profits Overnight

By Kylon Trower

An internet marketing business consists of many critical components: website design, product creation, payment processing, sales letters and so on. How about coupling that with sales, tracking and analytics? When you think of all this it can be a little overwhelming to say the least. Let me take some time to help you navigate your new venture with concept of outsourcing..

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.

After several months I needed to hire an assistant to help me with shipping, customer service and auction posting as it grew so fast. The point is that your internet business will grow to a point where it is impossible to manage every detail and this in when outsourcing becomes your best friend.

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.

Many times these people will work based on a contract or fee based agreement on a per project basis which means you are only required to pay for their services as needed. There are several good resources for freelancers but I recommend www.elance.com and www.rentacoder.com, where freelancers and buyers have transactions on a per job basis.

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 last thing, Dream! Continue to set your vision and goals for your business in such a way that you are forced o move from you comfort zone. It can only grow if you exercise thoughts and ideas that perhaps you thought too lofty at once. To your continued success!

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