Congratulations! Your business is growing at an unprecedented rate! The number of your clients doubled and, in effect, so did your workload—so much, that your in-house marketing team is starting to struggle and create strategies just to try to keep up. Looks like you’re needing support.
While entrepreneurs and executives can leverage technology to reach national and international partners and customers, the contract negotiation process remains complex. And dismissing these challenges can be a barrier to growth.
The outsourcing of services like creative and marketing support has been a strategic step for both SMEs and Large Enterprises. It helps save on costs, leverage technology, and tap into a pool of talent and expertise outside of their region. For consumers, it helps keep the cost of goods and services low.
As a business owner, you’re most likely aware that outsourcing services can be a viable and reliable option to help get work done. While there are risks to consider when handing over select business processes and tasks, outsourcing has been known to increase business productivity and efficiency.
Figuring out how to run your company is not always straightforward. As technology continues to change the business landscape, fast-changing trends and emerging practices often require businesses to evolve and innovate.
It’s a widely accepted assumption that outsourcing is a reliable solution when you want to manage costs or offload tasks to increase productivity. According to Statista, the global market size for outsourced work grew to $85.6 billion in 2018. Alongside this growth in revenue, the outsourcing industry has also widened its scope in terms of services offered. Today, outsourcing is not only limited to business processes and information technology; you can now also outsource creative services such as content writing, web development, design, and digital marketing.
Topics: outsourcing calculator
The Philippines has earned the reputation as a travel destination for natural wonders, mouth-watering food, and hospitable people. In the last few decades, the country has pivoted towards a more service-oriented market. Investors have turned to the archipelago as one of the top destinations for outsourcing their businesses. In addition to being a popular vacation spot, the Philippines has grown into a global competitor in business process outsourcing (BPO). This industry, in fact, is one of the top contributor in raising the country's gross domestic product (GDP) in 2018.