Having the right strategy in place, as well as a qualified and dependable workforce, defines the difference between success and failure. This is true not only for your favorite sports team, but also for small businesses that seek to thrive through offshoring.

The idea of offshoring might be overwhelming for small business owners like you; however, it is important for you to understand the potential that could be unleashed through offshoring. But how can you find the proper offshoring partner, and what strategies can you employ to get the most out of your offshoring efforts? 

Offshoring is a good strategy in building your success. Whether you are an experienced offshore expert or just getting started with this powerful business tool, this blog is your road map to success. 

What exactly is “outsourcing?”

Outsourcing is a method in which a business engages people from a company that provides a service to plan or conduct an activity that may be done in-house. 

The outside company, or third-party company, is now in charge of organizing personnel, equipment, and other customer needs for their products, services, or projects.  

There are two kinds of outsourcing. Onshoring is a type of outsourcing in which work and/or services are relocated within the company’s own country. (For example, a Philippine business will outsource to a Philippine outsourcing company). Offshoring is the process by which a company outsources from a low-cost location overseas. (For example, an Australian corporation may seek outsourcing services in the Philippines). 

Offshoring: The Right Strategy 

You might be thinking now, why do I need to outsource my business? Here are some reasons that you need to know:

Cost-effectiveness

It will absolutely save you money! Offshoring allows you to save money as a small business owner or if you are just starting one, especially if you outsource to low-labor-cost locations or countries such as the Philippines.

You do not need to hire individuals directly in your company because doing so would result in large overhead costs, including hiring charges. Offshoring involves the outsourcing business taking care of the people, services, and equipment you require depending on your agreement. 

One of the popular models, especially in offshoring is the “managed services” where the third-party company is in charge of managing some tasks such as customer service, recruitment, marketing and others. 

Access to expertise

Small business owners may be concerned about the quality of their company’s outsourced staff. Offshoring, on the other hand, will provide you access to the best employees without breaking the budget. Offshoring companies make sure that job applicants chosen are true professionals with experience in the activities at hand. 

Countries like the Philippines, who are considered as developing nations, have plenty to offer in terms of sectors like information technology and business process outsourcing, or BPO. These areas also have an access to top-notch universities that offer quality education, so applicants are guaranteed to be equipped with necessary skills for the job. 

Offshoring allows you to tap into global talent pools that may not exist in your native country. Overhead expenses will also be lower because labor costs are significantly lower in nations such as the Philippines. 

Streamlining the process 

Outsourcing can boost your company’s efficiency even more. An outsourcing company can handle repetitive chores or work such as customer service-related duties, schedule setting, payroll and accounting works that consume a lot of time and may slow down the operation of your organization. 

Your company’s personnel can now focus on other areas that will help it grow. On the other hand, as a business owner, you can now focus on expanding your firm, accomplishing your goals and return on investment, and exploring new market prospects, all while building a solid backend operation with the help of outsourcing. 

Faster workflow, faster completion, and faster money. With the help of outsourcing, your company may provide services even 24/7, especially in the area of customer care, without having to engage a large number of people. 

Furthermore, it promotes client satisfaction because you have more personnel available to assist them, especially if something in your service or product needs to be addressed. Your company’s integrity and confidence will grow as customer and employee satisfaction improves and employee morale rises. 

 

Scalability and company expansion 

Obtaining sufficient funds to expand operations is a challenge for most small businesses. The need to hire additional employees, acquire new equipment, and build new facilities go hand in hand with the ambition to grow. 

 This won’t be an issue if you simply enter the sphere of outsourcing. Because your company can save money, it can direct its capital and other resources toward developing and entering new markets. This allows you to broaden your company’s service offerings. 

As you expand your reach, it will not be easy now to introduce innovated and new services, why? Customers will have more confidence in you because your outsourced personnel respond quickly to their needs. In this way, the success of your company appears to be a chain reaction. 

You will save money because of the low labor costs of outsourcing, you will have access to exceptional expertise, your company’s processes and services will be hastened, customer trust will be developed, and there will be more room for your desired expansion. 

 

Your final weapon: Choose the right partner! 

 

If you think outsourcing will greatly help your business, then you’re in the right place. It’s good to know and understand what outsourcing can do for your business, but don’t forget that you need to be the right partner to make it happen. Having the right partner is the key in achieving your goals for your company. And we are here to help you grow! 

Kwanii offers various services for any business of any size for your outsourcing needs. We offer services that will surely satisfy your company’s outsourcing needs without breaking the bank. 

Our company also makes sure that it only picks the best among the best experts in their respective fields and specialization to make sure that only quality service will be served in the business table. We are trained to make sure that your company’s growth will be the top-most priority.  

We will help you innovate new and exciting ideas. We will collaborate for a better and faster service. Most especially, we will help and support you to expand your business. If you want to know more, click below and we’re here to assist you towards your business’s future and success.