​Introduction

Most people already have some idea of how they can benefit from outsourcing before they start. At the very least, they know about the three most obvious benefits:

 It saves time, it saves money, and it makes money.

While these are the most popular reasons that people decide to outsource projects online, there is more to it than one would think. This post will describe seven deeper reasons behind each one.

Outsourcing Benefit No. 1 - Outsourcing Saves Time

Here are seven ways that outsourcing saves time:

1. It allows you to get more done at once.

With double the input, you get double the work. It’s that simple. When you have multiple people helping you to complete your tasks, you can get a lot more done, and the output of your work increases.

2. It lets you concentrate on more important work.

When you outsource the repetitive tasks that distract you from your main role, you can get the important stuff done quicker. This allows your business to function better, and you can put your skills to work where they can provide the most benefit.

3. It improves your response time.

If you have one person or a team of people exclusively dedicated to responding to client concerns, they will be able to respond much faster than if you did it yourself or delegated the task to an already busy employee. Response time has a lot to do with customer satisfaction, and it can determine whether your customer stays with your company or moves on to one of your competitors.

4. It saves time in training yourself and your employees.

In order to perform a task, you need to first learn how to do it. Outsourcing a task to someone who is already experienced can save you a lot of time in learning, and the task will get done faster by an expert than a novice.

5. It saves time in the hiring process.

Hiring an in-house employee takes an average of 10 days, but it can take up to 20 in some areas. In the same amount of time or less, you can hire a freelancer online and successfully complete one or more projects. This gives online outsourcing the ability to increase your efficiency exponentially and eliminates wasted time between employees.

Outsourcing Benefit No. 2 - Outsourcing Saves Money

Benjamin Franklin said that time is money, but saving time isn’t the only way that outsourcing saves you money. Here are seven more ways that you can save money by outsourcing online:

1. It saves energy.

When you outsource tasks to freelancers online, you don’t have to pay extra for the utilities that support your in-house employees. They have their own power, internet, and break room microwave. You don’t have to pay for their office space either.

2. It saves money on benefits.

When you work with freelancers, you never have to provide paid time off, paid work breaks, overtime, or benefits like insurance and tuition reimbursements. You’re also not obligated to raise your employees’ salaries at any time.

3. It saves money on wages.

Many freelancers are willing to work for a lot less than in-house employees, even as low as 5 dollars an hour. State requirements mandate paying employees a minimum wage, but those rules do not currently exist online.

4. It saves your payroll.

You’re never obligated to keep your freelancers on your payroll year-round like you do with your in-house employees. Once a project is over, you can keep them on standby and contact them when you need help again.

7. It eliminates on-the-job injuries.

When you outsource to independent contractors online, you don’t have to worry about them tripping on the office carpet and breaking a bone. You eliminate any risk of work injuries and any subsequent consequences and expenses.

When your response time improves, so does your overall customer satisfaction. While it might not seem like a big deal to some, it can cost you your clients and thousands of dollars. Globally, businesses lose over 300 billion dollars per year due to lost business. Outsourcing helps you take your customer service seriously and retain more clients, and revenue!.

2. It increases your productivity.

The more you work, the more money you make. The more people you have working for you, the more work you can handle. It’s that simple.

3. It grows your business.

Online outsourcing gives you the flexibility to grow in any direction you choose. Not only does it allow you to expand your team and client list, but it allows you to expand the services and products you can offer because you are no longer limited to the skills and tools at your local area.

4. It helps you innovate.

When you grow your team and the skill set available to your business, you prime yourself for coming up with great ideas and applicable solutions. When you have something new and groundbreaking to offer, you’ll see a lot more money coming in.

5. It allows you to purchase more marketing services without increasing your budget.

Small businesses should spend anywhere from 7-8% of their projected gross revenues on marketing. If you’re paying high fees for your marketing services, you may not be able to afford everything you need. Outsourcing online marketing services to freelancers will give you everything you could possibly want and more. This includes advertising, copywriting, market research, social media, branding, etc.

6. Outsourcing your financial planning puts more money in your pocket.

Online outsourcing gives you the opportunity to hire experts at a reduced cost. Hiring a good freelance financial planner can save you thousands by pointing out where your money is being wasted. That money can then be funneled into more profitable areas that help to bring in more revenue.

We hope that this overview has piqued your interest for considering whether online outsourcing is right for you. If you're ready for the next step, check out our books and the many online outsourcing websites to explore how freelancers can help.

If you liked this article or have anything to say about any of the points made, please leave a comment below, we would love to hear your views. Thank you.