15 Ways To Earn Money From Outsourcing (2024)

Now a day outsourcing or freelancing is very common to the world, lots of freelancers have been taking the freelancing as a full-time work and earning more money than a full-time office job. After lunching Digital Bangladesh, outsourcing is becoming an attractive opportunity to young generation and they are choosing the full-time career than a office jobs in Bangladesh.

1. Concentrate On Bettering The Quality

If you are taking the freelancing as a full-time work, need to take it seriously and provide the high quality works to your clients. You might win a job from freelancing website by taking the help of your friends or colleague but if you can’t deliver the quality works, clients wouldn’t pay you or delaying the payment, which will make you demotivated and lose your interest. So quality is the main things in order to secure the regular and on-time payment from the clients.

2. Sign a Contract

Try to get a signed agreement paper from your client before you start writing from them. By doing this you can actually avoid lots of mistakes which freelancers often did. Some basic points you can mention in you agreement paper, such as;

  • The writing must have not plagiarized, it has to be original as this is the most primary and important thing for a freelancer.
  • As a freelancer you have to keep confidential the proprietary information of the client.
  • The terms of your payments (you should mention the whole process of your payment)
  • After completing your work you should submit your work and if they granted and took it away from you, it is their responsibility to look after that matter and you are not more responsible for that. Then they can put logo or print it and do other necessary things.

In a general freelance contract you should mention all the above things and if they agree with you they will physically print, sign and return it to you or they may digitally sign. This agreement paper will help you to get rid of any harassment as it is a legal paper. You can also mention there about the works, payments and date of payment etc.

3. Know What You are Going to Offer

You will found that as a freelancer you have to keep your job process a secret. Sometimes the client may ask for some help from you but it’s up to you. You should not destroy your business strategy but this can help to establish trust between you and your client. If your client trusts you and sees the potentiality in you then they will often hire you.

4. Go For Down Payment

One of the biggest issues of the freelancers is the payment issue as they never get paid in time. But if you take down payment you can easily avoid this. You can take 50% of the payment before starting your writing and when you got it complete your work and submit it to them then they will send you the rest 50%. If anyone disagrees with you then you can reject them. But you don’t need to payback the initial 50% as you have created something for them and put efforts for that.

5. Give Surprises To The Client

Every human being loves to get surprises. As a freelancer you can also give them such ones like sending your work before in time or increase your revenue by 100%. This will help to get you more work from them and thus you can create a rapport with them. Slowly you become their loyal one and this will reveal your propensity to take ownership of that particular project.

6. Learn To Say No

If you want to grow like a pro you have to learn to say no. If you never tell no to someone then you can surely miss some golden opportunity and people may exploit you. So be strict with your terms and conditions and before you took any project you should ask three questions to yourself; like

  • Am I taking the right project or can I complete the project in time?
  • Is it my cup of tea as do I specialize in this work and fulfil the requirements of the client?
  • Do I have any specific interest for taking up this particular project?

7. Take an Active Participation On Improving The Product

Sometimes you can suggest some changes to your client for the betterment of their product and if they liked that they can take you as a developer. You just can recommend them but don’t try to go way out of line if you are a normal hirer and don’t report anything about them or about their work as this can be harmful for your profession.

8. Make a Portfolio

If you want to grow up as a pro in the world of outsourcing and want to catch big companies then you need to make a portfolio from where everyone can see your work. Don’t fill up your website with the type of work you have done so far. Try to show your specialised work there. If you are specialised in logo designing just show that and your portfolio should only filled up with logo projects. Don’t mix up with all things. Big companies will definitely find you and hire you if they require you.

9. Concentrate on Your Business

You will often hear from other freelancers that they are not getting enough jobs or right amount of jobs every month. To grow your own business, make your own brand name and for advertising you may start your own blog where you can write about various topics. This will surely catch the attention of other people and will help you to get jobs as the main point is to keeping up the good work. Try to add these in your web portal.

10. Don’t Try to Play Hide and Seek

From the very first you should set a clear image to your clients. Transparency is one of the most important things which a customer may need from you. Avoid playing hide and seek with them and be particular with the work and with the terms and conditions. Your client will check whom they are paying and who is doing their work so, be open with them.

11. Perk Up With The Communication Skills

As a freelancer you should have a very good hold on English. If English is your primary language then it would be easier for you as good communication skills (written and oral) are mandatory for freelancing. If you are not sure with your skills then you can join some spoken English tutorials or grooming classes in your neighbourhood.

12. Improve Your Writing Skill

You should improve your writing skills as this is the only way through which you can get connected with the clients or with the big companies. They will approach you by seeing your style and quality and standard of writing so try to be best in it as this is the only way to grow up as a successful and individual freelancer. To grab the eyeballs you should write everywhere like in a video, a book or it may be a newsletter.

13. Focus On Today

Don’t get overload with work as taking too much work at a time can create a mental pressure on you and spoil the writing speed and harm your thinking capacity. Make a to-do list for yourself and try to follow it and split your time in writing, researching or some other kinds of jobs. Basically you don’t need to cling on a definite client. Try to create your own client base from where you can get regular works and this will make your income steady and growing.

14. Understand The Numbers

With this profession you can’t get anything fixed from earning to writing. You should understand the type of work and about your specialised field. If you think that taking small works instead of one big project will help you more and also increase your income and suits with you than go for it. Know the number games and try to know from which type of content the money is coming or about the site traffic and business revenue etc.

15. Manage Your Income For Savings and Taxes

Each month you should separate the money you are earning as it is important for those who don’t have any steady or specific income. It will help you to save your money and especially in the time when you have to give taxes. Paying yearly taxes can be risky and it may tough for you so it is recommended to pay it quarterly as you don’t require paying one large amount of money at a time. The money you earn split into parts for business (business related expenditures) or for business taxes or for personal savings.

As we all know that in private firms or sectors the competition is really high and they don’t pay right amount of money and instead of that they are pushy so, if you want to stay here in Bangladesh and want to get jobs in Bangladeshthen you can start your own work as you can work as an individual, as a freelancer.

Outsourcing is nowadays so common and if you really feel that you have such potentiality don’t wait for write time to come, start your work as soon as you can. To get more right and apt information you can search withbd Jobs.

15 Ways To Earn Money From Outsourcing (2024)

FAQs

How can I make money by outsourcing? ›

You offer a service, and then outsource the work to someone else. This works with digital services and physical services. You pay someone else to do the work and then keep the difference. You simply manage the timeframes and update each respective person.

How much money can you make outsourcing? ›

As of Apr 7, 2024, the average annual pay for an Outsourcing in the United States is $85,222 a year. Just in case you need a simple salary calculator, that works out to be approximately $40.97 an hour. This is the equivalent of $1,638/week or $7,101/month.

What are the best ways to make a lot of money? ›

Top 17 Jobs & Careers That Make a Lot of Money
  • Accountant. One of the best jobs that makes a lot of money and is stable, is an accountant. ...
  • Business Executive. ...
  • Computer System and IT Manager. ...
  • Engineer. ...
  • Chiropractor. ...
  • Clinical Psychologist. ...
  • Construction Manager. ...
  • Geophysicist.

How do you make outsourcing work? ›

How to outsource work
  1. Determine what your company can outsource. Identifying which tasks, departments or processes your company can benefit from outsourcing is the first step to outsourcing work properly. ...
  2. Compare costs of outsourcing. ...
  3. Research contractors. ...
  4. Try out contractors.
Feb 3, 2023

Why is outsourcing illegal? ›

In other words, if you contract with or outsource a portion of your labor to another company, and that company does not pay wages or obtain workers' compensation insurance as it should, you could be liable along with the contracting company for wage violations or failure to secure workers' compensation coverage.

Is outsourcing work illegal? ›

In others, such as the United States, there are no laws about outsourced workers at all. But if you live in a country where it is legal for employers to outsource work, you should still check with your local government before signing any contracts with contractors or agencies abroad.

Does outsourcing really work? ›

Some Advantages of Outsourcing:

You don't have to hire more employees: When you outsource, you can pay your help as a contractor or vendor. This allows you to avoid bringing an employee into the company, which saves you money on everything from benefits to training.

Is outsourcing good or bad? ›

Outsourcing has proven to be a valuable strategy for millions of businesses. It not only helps in reducing operational costs but also provides access to specialized services. Companies can leverage the expertise of external providers to enhance their service quality and efficiency.

How successful is outsourcing? ›

Business process outsourcing (BPO) is now a 187 billion-dollar industry, and it only continues to grow. This is because, for a growing number of organizations, outsourcing is one of the most efficient solutions to boost brands and gain a competitive advantage.

How to make $10,000 fast? ›

Here are ten ways to make $10k quickly:
  1. Become A Freelancer. Freelancing is one of the most popular ways to make money quickly. ...
  2. Invest In Cryptocurrency. ...
  3. Participate In Online Surveys. ...
  4. Become A Virtual Assistant. ...
  5. Do Odd Jobs. ...
  6. Create An Online Course. ...
  7. Become An Affiliate Marketer. ...
  8. Sell Your Stuff.

How can I make $100 daily? ›

How to Make 100 Dollars A Day (Without a Job)
  1. Launch An Ecommerce Store.
  2. Become A Freelancer.
  3. Create and Sell Online Courses.
  4. Become An Influencer.
  5. Become An Uber/Lyft Driver.
  6. Online Tutoring.
  7. Become An Airbnb Host.
  8. Pet Sitting.
Feb 29, 2024

Where can I make $1,000 fast? ›

How to make $1,000 fast
  • Sell stuff you already own.
  • Deliver food.
  • Pick up a part-time job.
  • Rent out unused space.
  • Start freelance writing.
  • Try affiliate marketing.
  • Drive for a ridesharing service.
  • Find odd jobs.
Jan 16, 2024

What are 3 advantages of outsourcing? ›

What are the advantages of outsourcing?
  • There are many advantages in business outsourcing, such as:
  • Cutting expenses.
  • Increasing productivity and efficiency.
  • Expert input.
  • Immediate understanding of your costs.
  • Competitive edge.
  • Reduction in staff issues.
Feb 3, 2022

Which is the best example of outsourcing? ›

However, they still decided to outsource to cut their labor costs. Google is probably the best example of outsourcing company because they have almost 90 thousand in-house employees, but they are still not able to manage all the tasks. As a result, Google had to look for workers in other countries.

How profitable is outsourcing business? ›

While you can maximize the profitability of your business in other ways, outsourcing is the fastest and most efficient way to do it because you get specialists to work on certain tasks and functions at a more affordable price point. Outsourcing is a prime mover to get the profit stream going.

Is it profitable to outsource? ›

While you can maximize the profitability of your business in other ways, outsourcing is the fastest and most efficient way to do it because you get specialists to work on certain tasks and functions at a more affordable price point. Outsourcing is a prime mover to get the profit stream going.

Who benefits the most from outsourcing? ›

The finance, healthcare, and insurance sectors are three common industries that benefit from outsourcing. Outsourcing saves labor costs, time, and energy.

Who will gain from outsourcing? ›

Human resource outsourcing may help businesses lower health costs, reduce HR expenses, process fewer workers' compensation claims, reduce turnover, and help generate higher revenue growth.

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