How and Why To Outsource Your Job
In 1998, Cal Newport (my former business partner) and I launched a web development company. We got our first break when a local web development company decided to outsource their projects to us for $25 an hour. At 17 years old, this was very exciting. However, we quickly reached our limit as we only had a few hours a day to work on the company.
That is when we made the major breakthrough of outsourcing our projects to a web development team in India for $15 an hour. Eventually we were able to move the margins from $10 ($25 - $15) to $75 ($100 - $25). This strategy gave us five big benefits:
- We had more time to focus on building the company.
- We were able to provide higher quality work.
- We were able to make a $10 gross profit for every hour the web development team in India worked.
- We were able to focus on the stuff we were best at and that we were passionate for.
- We learned more about India by communicating with our partners on a daily basis.
While this strategy may not be legal in some companies or possible in certain positions, it can be an extremely powerful method to differentiate yourself from your peers and focusing on your strengths/passions for many!
Imagine the possibilities of a generation of college grads avoiding paying dues by outsourcing the parts of their job they don't like or that they're bad at! Imagine the surprise from your boss when you beg for more work and new projects.
To explore this opportunity, visit elance.com where you can outsource everything from data entry/administrative support to copy writing. I'd also highly recommend Reubro International. They've helped us with web development, programming, and data entry over the past five years!
I think this could be big and I haven't heard it talked about anywhere else.
Posted at October 14, 2005 01:04 PM
