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Pros & Cons of Virtual Outsourcing

Things being what they are, today remote working is becoming increasingly popular and many busy entrepreneurs and companies are virtually outsourcing their work to help save money, time and effort! If you are in a similar position and are considering to outsource some of your work, here's a list of pros and cons to help you decide if virtual outsourcing is right for you.

Pros of Virtual Outsourcing:

  1. Low cost - Hiring a virtual employee or outsourcing your work to a service provider proves to be so much cheaper than hiring an in-house employee. There's so much that you can save on - you don't have to pay for relocation costs, insurance benefits, vacation and sickness cover, office space, and supplies! Best part is you only have to pay them for the hours they actually work!

  2. Saves time - By delegating repetitive and menial tasks, you can free up a lot of time and focus your time and energy on the core business tasks. While your virtual assistant manages performs your admin related tasks and manages your social media, you can focus on growing your business!

  3. Flexibility - If your business constantly faces busy and slow periods, hiring a virtual employee is the perfect option, allowing you to scale up or down your hours depending on the need for support. You can also get work done during your "off" hours by selecting a virtual assistant that works on some or all of your office hours

  4. Access to a global pool of talent - Find and hire an expert virtual worker for specific tasks or projects to save time and improve results. Be it a marketing project research or business development, a virtual assistant can ease the burden off your shoulders and efficiently perform tasks on your behalf.

Cons of Virtual Outsourcing:

  1. Confidentiality - Many companies are extremely careful about sharing proprietary information and processes to external providers. If you want to make sure you keep your information private and secure, be sure to ask your virtual service provider about their privacy policy and you could also get them to sign an NDA

  2. Lack of investment - Many virtual service providers seem very transactional and they lack the desired motivation to perform a job perfectly. On the other hand, getting in-house employees motivated to work is easy as the success of the company is directly or indirectly related to the security of their job

  3. Longer response time - When you are working with a virtual employee, the response times are longer as you may have to exchange a couple of emails or schedule a meeting to have a discussion. On the other hand, with an in-house employee, you can just walk up to your employees desk and have a quick discussion

As a business owner, the more time and energy you invest in your core business and the vital processes, the more likely you are to be successful and virtual outsourcing allows for just that!

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