6 Tips for Outsourcing on a Budget

| December 6, 2017

Outsourcing might sound like a great idea for saving your business time and money. Rather than doing everything yourself, you can outsource the work to somebody else. If your client pays you $100, you can pay somebody $50, making a 50% profit and saving yourself probably 90% of the time you would spend doing it yourself. When you’re on a tight budget, here are six ways you can keep outsourcing.

1. Shop around
It’s not necessarily the cheapest price you want to find, but rather the best deal. If you go with the first person you find, you may end up in a disastrous situation. Not only might their work be of poor quality, but they might be overcharging you too.

2. Outsource the most important thing
Don’t outsource everything if you don’t have the money to do so. If you’re on a budget, you might need to prioritise things right now and think about which task should be outsourced. Choose the one which requires the most time or a bunch of time-consuming smaller tasks which are simple to outsource.

3. Outsource things you don’t like doing
Outsourcing helps you to make your day more enjoyable. If you only have the money to outsource one or two things, choose the things you don’t like. This will take a weight off you and allow you to spend your time doing the things you find more pleasurable.

4. Negotiate the price
If somebody gives you their prices, don’t feel like you can’t negotiate. The worst-case scenario is that they say no, whereas they could compromise and knock a percentage off the final price. While some people might consider it rude, many freelancers are happy to barter with their potential clients and hopefully come to some sort of agreement.

5. Decide whether it’s cost-effective
Sometimes, it’s more cost-effective to do the work yourself rather than outsource it. You can still outsource parts of it, but it might be that you need to do some of it yourself in order to save some money at the moment.

6. Advertise listing your own price
If you’re advertising for people to use when outsourcing, name your price and wait for people to contact you. This could take a little bit longer, but only people who are happy with your fixed price will contact you.

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