If
you’re like most business owners (and I’m guessing you are) you have at one
time or another said to yourself:
When
outsourcing to the Philippines, you can benefit by taking advantage of the
difference in “buying power” between the American dollar and the Philippine
peso. Let me demonstrate by asking a question:
“How
am I ever going to grow my business? I barely have time to take care of the
day-to-day routine of running a business — and sometimes not even that!”
Do you recall the
last time you went to the grocery store? Typically, you might have bought 2 or
3 bags of groceries, handed the cashier $50 and got back a couple of bucks and
a handful of change.
But when you’re
outsourcing to the Philippines, that $50 American dollars (when converted to
Philippine pesos) will buy enough food for a whole month!
I used groceries as
an illustration. But the same holds true for all goods and serviced in the
Philippines. The American dollar goes much, MUCH farther in the Philippines
than in the United States.
And because the
American dollar stretches so far in the Philippines, workers there are content
with much lower wages. After all, it’s not really money that we all want — it’s
those things that money can buy. We don’t eat dollar bills, nor do we put them
in our gas tank!
So you can see why
arbitrage makes outsourcing to the Philippines so cost effective.
But that’s not the
end of the story… no, not by a long shot!
More Reasons Why
Outsourcing to the Philippines Is So Affordable
Besides low hourly
rates, outsourcing to the Philippines saves you money in other ways as well:
If you were to hire
an assistant (or secretary) locally, you would have to purchase a computer for
him/her… a desk…. chair… phone… office supplies… and then there’s office space
to consider.
In addition, there’s payroll to
consider as well. If you hire locally you’ll have to deal with a lot of IRS
forms, worker’s compensation insurance, health insurance, payroll taxes, and
all the other costly, time consuming, and mind-numbing administrative duties
required to comply with labor laws.
You may even need to
hire an accountant to deal with it all… and that means even more expense!
But by outsourcing to
the Philippines, you avoid the expense AND the hassle associated with hiring an
in-house assistant!
Why you NEED a
Philippine Virtual Assistant!
In a word – LEVERAGE!
Every business owner,
sooner or later, comes to the realization that he/she just can NOT perform all
the tasks of running a business, and at the same time GROW that business. In
fact, many find themselves working 10 – 12 hours a day, 7 days a week, and are
barely able to keep up with the routine tasks, if that!
Are YOU at that point
already? If not… you WILL be!
The solution is to
apply leverage. That is, you MUST leverage other people’s time and work, so you
can free up YOUR time to do those things that only YOU, as the business owner,
can do; those tasks that will actually generate MORE revenue… bring in MORE
clients… and expand your business to other areas and/or products and services.
Outsourcing to the Philippines makes that possible.
The
fact is that about 80% of your time is spent performing tasks
that don’t generate any additional revenue!
that don’t generate any additional revenue!
Tasks such as:
- answer the phone
- updating the calendar
- billing
- low level customer support
- updating your blog
- Internet research
- bookkeeping
- analyzing survey results
- general data entry
- playing “VoiceMail tag”
- creating spreadsheets
… and on and on.
By outsourcing these
type of tasks to a virtual assistant (or virtual secretary) in the Philippines,
you can concentrate YOUR time and efforts on the other 20% of those tasks
that DO produce additional revenue.
But
Why the Philippines?
We’ve already talked
about arbitrage. But there are other very solid reasons why outsourcing to the
Philippines it by far better than outsourcing to other countries.
Of primary concern is
the language barrier. English is an official language in the Philippines, and
the average Filipino’s English is very good when compared to that of most other
countries where English is a second language.
In addition,
Filipinos share many of our American values.
Filipinos:
- Are a hard working people
- Have a strong work ethic
- Are family oriented
- Are eager to work for American companies… and are grateful for the opportunity to do so!
- Seek higher education, and many have college degrees.
- Are intelligent and learn quickly
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