Of Course You’ve Heard Of Outsourcing.
But Have You Heard Of Highly PROFITABLE Outsourcing?
Most small business owners don’t consider outsourcing and try to do everything themselves. This can work when your business is new and just getting off the ground, as it keeps costs down. But as you acquire more clients, it becomes more and more difficult for you to do everything. Even many larger companies are guilty of this having one person “wearing too many hats” syndrome.
One way to solve this problem is to identify the tasks which you don’t want to do yourself – the repetitive, or even technical jobs which need to be performed consistently every day – and to get someone else to do them. Many administrative jobs, customer service positions, programming and even billing/payables are ideal for outsourcing to virtual assistants. And let’s face it, there’s no better way to lower costs and grow your company.
Most people know about using outsourcing to greatly lower costs yet few understand that it can also be a POWERFUL Revenue generating tool.
How A New Kind Of Outsourcing Strategy Improves Your Revenues In Less Than 30 Days
Value performance over presence and grow our business unlike ever before! In late 2008, Los Angeles based Social Media Top Team invented a unique outsourcing strategy called ‘PowerSourcing’. What is PowerSourcing? It’s a term (and a strategy) that’s a contraction of 2 words: Power-leveraging + Outsourcing. One of the most common outsourcing mistakes (you're probably making it now) is to think of outsourcing as merely a cost saving strategy.
Here’s how the PowerSourcing Strategy works. Instead of merely hiring an outsourced employee to perform back office functions (administrative), you hire them to perform BOTH business development (marketing and sales functions) AND back office functions (administrative)! Revenue Improvement PLUS Cost Savings! This way more profits fall to your bottom line!
Here’s What To Expect From Top Team’s Outsourcing Solution Designed Specifically To Help You Grow Your Business To The Next Level
(You’d Be Lucky To Have It This Good With All Your Business Relationships)
We’ll show you what we mean. For example: Let’s say that you hire a full time in-house employee to perform both business development (marketing, sales, customer service, etc.) as well as some back office functions (administration, answering phones, typing, data entry, filing, organizing, etc.). To get someone decent, you’re going to have to pay them at least $20 per hour.
When you add on another 15- 20% in payroll taxes, unemployment, workman’s comp, etc., your final cost is $24 per hour (this is excluding any additional employee incentives such as health insurance, 401K, office space, phone systems, business cards, computers, internet, IT support, etc).
Now $24 (per hour) X 40 hours per week = $960 per week. $960 per week X 52 weeks per year = $49,920 per year is your final cost for their salary. Bear in mind that your in-house employee is actually only getting paid $41,600 per year (the difference goes for payroll taxes, unemployment compensation, etc.).
So let’s say as a result of their efforts, they bring in $120,000 in new business over the course of a year. Not bad. Let’s do the math. $120,000 (in new business) - $49,920 (your cost per year for an in-house employee) = $70,080 per year. Your company enjoys a profit of $70,080 per year for this employee.
Here’s How You Save Money AND Improve Your Profits
Now let’s find out what happens with a Social Media Top Team PowerSourced Virtual Employee. Let’s say that you hire one of our full time Virtual Employees to perform both business development (marketing, sales, customer service, etc.) as well as some back office functions (administration, answering phones, typing, data entry, filing, organizing, etc.). Your only investment is just $250 per week! That’s a total of only $13,000 per year for a Virtual Employee.
Since we bill you as a company, you don’t pay payroll tax, unemployment compensation, workman’s comp, 401K, health insurance, or anything else for that matter. No risk of lawsuits (sexual harassment, wrongful termination or otherwise) or anything.
So let’s say as a result of their efforts (just as before), they bring in the same $120,000 in new business over the course of a year. Not bad. Let’s do the math. $120,000 (in new business) - $13,000 (your investment per year for a Social Media Top Team Virtual Employee) = $107,000 per year. Your company enjoys a profit of $107,000 per year from the Virtual Employee! ALMOST $40,000 dollars MORE in profits!
Plus add in the additional cost savings of not having to pay for any of their office supplies and expenses, telephone service and maintenance, internet, etc. and you can add even more to your total profits.
That’s not just outsourcing…that’s PowerSourcing! (Power-Leveraging + Outsourcing)
Learn how you benefit from the Top Team Advantage
