Are You A Slave To Your Online Business? Outsourcing for Effective Time Management

November 11, 2009 - Written by Gyutae Park  

This is a guest post by Jason Tarasi, who released a new ebook called “Secret Lives of Internet Marketers”. In it he outlines the blueprints and money making ideas that seven successful marketers used to become financially independent.

slave-timeWhat’s the difference between a professional Internet marketer and a wannabe? Besides hundreds of thousands of dollars in profits, the biggest difference is in the way they manage their time. Both types of marketers have the exact same 24 hours in a day, but those who excel have mastered the art of time budgeting.

The biggest mistake I see Internet marketers make is their refusal to outsource their work. They’re too afraid to even take a few days of vacation time, and if they do, they always seem to drag their laptops along with them. Sadly, these marketers can’t see that they’ve become slaves to their online businesses.

People dream of starting a business so that they can be free to do what they want, when they want. Unfortunately, many marketers simply never learn how to properly budget their time. Ironically enough, as their business grows, it requires more and more of their time and attention. Not only is this a recipe for personal unhappiness, but it can also cost thousands of dollars in lost profits.

The good news is that most tasks related to your sites can be outsourced, including customer support, marketing, product creation, copywriting, etc. However, too many online marketers try to wear all the hats for their business, and then wonder why their profits are below expectations and their stress levels are through the roof. I can’t emphasize enough that the single most important skill any online marketer needs to master is outsourcing. I’m not exaggerating when I say that this skill alone could easily double or triple your current profits.

Since the goal of every business is to increase profits, it’s extremely important that you focus your efforts on the tasks that make the most money. For example, outsource your customer support so that you can focus on product creation and marketing. If you’re weak in one of these areas, you can outsource that too.

A lot of new marketers tell me that they simply can’t afford to outsource. My response to them is always the same – this is a business and must be treated as such. You have to spend money to make more money. If you invest wisely in your business, it could pay you back tenfold.

I understand that for those who have never outsourced before, hiring someone can be an overwhelming experience. This lack of experience is a major roadblock for many, but it doesn’t have to be so intimidating.

In the rest of this article, I’d like to share some outsourcing tips that have served me well over the years:

1. Start Small
Try to outsource one project at a time until you’re comfortable with the process.

2. Use only reputable sites
While you will find shady providers everywhere, the risks are much lower if you stick with reputable sites like Rentacoder.com and Elance.com that have solid track records.

3. Provide as many details as possible
You will want to describe your project in as many details as possible, including the timeframe needed for completion. Be very specific about what you need done and don’t leave it to chance that the provider will completely understand – especially when work is being outsourced to other countries.

4. Payment
Never pay a provider more than 50% up front, especially if you’re working with him for the first time. This keeps him motivated to finish your project and gives you leverage if things go awry.

5. Develop good working relationships
A good working relationship requires a combination of communication, flexibility and mutual respect. Also keep in mind that you will most likely need the provider’s services again in the future. By developing long term business relationships, you can easily save both time and money, because the provider will know exactly how you want things to be done and may even offer a discount.

Keep in mind that not every outsourcing job goes as planned. In fact, very few of them actually do. Don’t ever let one bad incident stop you from reaping the benefits of outsourcing. Remember that your time is the most valuable asset you have. By learning to outsource your work, you can leverage your time into thousands of dollars in extra profits.

Are you outsourcing yet?

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15 Responses to “Are You A Slave To Your Online Business? Outsourcing for Effective Time Management”

David Walker on November 11th, 2009

Yes, I am outsourcing Gyutae, and I find it frees a lot of valuable time for me which I can use to focus on the most important aspects of my online business. My providers come from all over the world, and after time working for me, get to know exactly how I want something done. This has been a tremendous help although it has not all been smooth sailing.

Gyutae Park on November 11th, 2009

Hey David,
That’s good to hear. Outsourcing is never easy and comes with its own set of challenges, but in the long run it really frees up your valuable time to do what you’re good at and also do what you love. After all, we don’t all want to work all the time, do we? 🙂

David Walker on November 12th, 2009

No, we most certainly don’t Gyutae! Then what would be the point of having an online business if we spend more time there than at a regular nine-to-five? (which, incidentally, we gave up so we could have more free time :))

(Comments wont nest below this level)
 
 
Philam on March 18th, 2010 Subscribed to comments via email

Just came in here through google. I agree with David Walker about the advantage if you are going to outsource some of your tasks. Aside from it gives you more time to focus on other important aspects of your business, it helps you save money as well.

Phil

PS: Sorry, I have to re-post this as it didn’t appear when I first sent.

 
 
Kevin @ Blog Tipz on November 12th, 2009 Subscribed to comments via email

While I don’t outsource, I can see where it can be extremely useful and save yourself a lot of time and stress when setup properly. Mundane tasks like checking email/support, writing new content, etc. can be outsourced successfully and you’ll be able to focus on what is important. If that means you can take a day off each week, great.

Gyutae Park on November 12th, 2009

If you see the benefits, why don’t you outsource at all? 😛

I think letting go of small tasks, one at a time definitely helps in transitioning to more outsourcing.

 
 
Zach: Construction Equipment Sales on November 27th, 2009 Subscribed to comments via email

Your comments seem to make a lot of sense and I should be among those that take your advice. We all should be managing our time like that of a business. Making personal investments when necessary and outsourcing when warranted. I think that many feel (me) that first we need to get a handle on what it is that we’re doing that’s successful and then build on that. Unfortunately, we could probably get up the learning curve faster with the help of outsourcers.

 
Chris Peterson on December 1st, 2009 Subscribed to comments via email

Great hints for outsourcing tips. I agree with you but I have seen some times outsourcer not giving proper result what we expect. So what is your opinion?

 
Diane Corriette on December 5th, 2009 Subscribed to comments via email

Outsourcing is definitely essential to get ahead but its important you know what you want before you start and the person doing the work knows exactly what is expected of them for the relationship to work well.

 
mike on December 14th, 2009 Subscribed to comments via email

i’ve been dependent to outsourcing lately, but i only have one service provider so far (www.secretstaff.com), because i sometimes experience inconsistency of work if i let two provider to handle a single task. But one thing is for sure, the benefit of outsourcing to a business is life changing.

 
John on December 15th, 2009 Subscribed to comments via email

I think the Rentacoder.com and Elance.com that have solid track records.

 
alfred on January 7th, 2010 Subscribed to comments via email

. Dear Friend,
It’s a fact: if you want your website to make you money, generate leads or get subscribers you have to advertise in order to drive traffic to it. Of course this is true for any business, but it is absolutely essential for online business.

 
Chris Peterson on March 29th, 2010 Subscribed to comments via email

If you are getting problem to manage business or you are not getting benefit on your in house business that time you can do outsource. Before giving outsource you should know well whether outsource company will give better out put that amount you are going to invest. Before doing outsource analyze your budget and business is most necessary.

 

I guess I am one of those internet marketers that refuse to outsource!
It definitely give one more free space to relax whn you outsource – and it just makes better sence now more than ever seeing to it that I am about to throw in the towel!

So it’s an incredibly good thing to outsource. Look at clickbank products. Those product owners don’t do a thing. They only give Clickbank their product, let them do everything – ( and I mean everything) – while the affiliates go and hunt for some people to buy their products.
At the end of the day those product owners walk away with about 20% per one product sold – but he eventually gets 100’s if not 1000’s sold – every month. While he just relaxed.

Good point, Jason Tarasi

 
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