My name is Matthew Bredel and as of March, 2007, I am a full-time, work-at-home internet marketer.
For close to 10 years, I worked for a defense company which was an OK job, but I was so uninspired in life and frankly, I needed some more money. That is when I first discovered internet marketing! Now I admit that I didn't start making thousands in my first couple of months (in fact, I lost my shirt!), but I finally saw the "internet light"...
We’ve been talking a lot about outsourcing over the past few weeks and in my last outsourcing video, I mentioned:
“If you can’t afford it, don’t do it!”
Some with differ with me on this statement and I know many who have outsourced almost any task you can think of (including web design, graphic design and project [...]
We’ve been talking a lot about outsourcing over the past few weeks and in my last outsourcing video, I mentioned:
“If you can’t afford it, don’t do it!”
Some with differ with me on this statement and I know many who have outsourced almost any task you can think of (including web design, graphic design and project management) overseas for pennies on the dollar.
And yes, you CAN outsource overseas very cheaply. But can you afford it NOT working out?
This post is not about outsourcing overseas (that is worth a post in itself), but the point I am making here is that when you first start out, you are probably not making money and are easily swayed at overseas bargains to perform your outsourcing. In 4 out of 5 cases, you will find yourself paying for a “bargain”, but getting nothing in return, and that is not good business.
So what do you do?
First, you need to determine what YOUR time is worth. If you are currently not making money online, but work a full/part time job, your current salary is generally what you are worth. If you could work an extra hour at work while someone else does an internet job for you, your time is still a wash.
When I started, I held off a little bit and did everything myself. This was after work and after the kids went to bed between the hours of 7:30pm and 9pm. One and a half hours per day, six days per week. From this effort alone, I grew my business to over $1000/month in about 6 months.
So what was my time worth?
Well, that is about 30 hours per month that I worked on this project for $1000. That is $33.33/hour. (Not bad, huh?) But wow! That is quite a bit of money!
Do you think you would find someone local to do some of your tasks (like answer emails or write articles or edit videos for $30/hour?). Uh, h*ll yeah! You can find some pretty darn good people at that rate! In fact, you probably don’t have to pay that much either.
But now that you know how much your TIME is worth, the next step is making sure that WHO you outsource this too is going to SAVE your time, not WASTE it…Money is cheap. Your time is not.
And risking your outsourcing resources on a financial bargain at the beginning will probably not only cost you the money, but also your time (which we now need is even more valuable), as well!
cheers…matt
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October 17th, 2011 at 7:51 pm