For those considering outsourcing in their online business, the goal is to create a more profitable company while streamlining the owner’s work. Taking the time to avoid common outsourcing mistakes will make the process go much smoother and avoid the feeling that you are spinning your wheels and getting nowhere.  Or to quote Nicole Dean of www.OutsourceWeekly.com “You must plan your outsourcing wisely. Otherwise, you’re simply throwing money into the wind.”

As with any part of business, outsourcing has its good and bad points, however if you are aware of the potential problems before hand, you increase your chances of an enjoyable experience.

Here are 5 potential outsourcing mistakes every online business owner should be aware of, in order to avoid making them.

1. Not Knowing Who You Are Dealing With

Most business owners who outsource will tell you the biggest benefit of doing so is the fact that their assistants work remotely. The number one problem when it comes to outsourcing, though, is not thoroughly checking out the contractor or company who will be performing the work.  Keep in mind that sometimes this independence can work in the opposite direction if not taken seriously.  Make it a point to carefully interview the people you are considering working with before assigning a task or project to them. The person or company should be someone you can trust to represent your business.

2. Non-Communication between Owner & Assistant

Whether you are outsourcing tech support, writing, web design or something else, there is a great deal of effort needed in order to keep the lines of communication open.  If you allow your workers to do work for you without communicating your goals and what it is that you need, you will find that they your work will not be done as you’d hoped. Assistants are not mind-readers and do need guidance.  Take some time to make sure that you and the people you outsource to understand your expectations.  This is an important part of making sure that you get what you need.

3. Forgetting to Budget Wisely

In order for outsourcing to work properly, you’ll need to keep a good eye on what you are spending for the work being done. While some projects will require single payments to your assistant, others may involve recurring or retainer payments and you will more than likely have some type of contract or agreement that binds you. Some of your assistants may charge by the hour while others may invoice by project or expect payment based on a commission of some sort. Take the time to figure out how much money you can afford to spend on certain tasks and budget appropriately.

4. Under Utilizing Your Contractor & Their Resources

When you choose to outsource certain tasks, make certain you are using your assistant to their fullest capabilities and not just outsourcing for the sake of outsourcing or splitting up work between two assistants when it makes more sense to have one handle both jobs. Sometimes you can find freelancers who are willing to work on a recurring basis or who will complete larger projects at a reduced rate in order to get and keep your business. Don’t be afraid to ask potential contractors if they have room for more than just one or two jobs and don’t outsource something just to say that you’re on the outsourcing wagon.

5. Misunderstanding Your Role as the Outsourcer

As the one doing the outsourcing, you need to understand your role. In order for the relationship between business owner and assistant to flourish, you’ll want to keep the lines of communication not only open, but clear as well. Be detailed in what you expect from your help.  Also keep in mind that you are probably not their only client and as much as you would love to have them all to yourself, that probably isn’t the case. Be respectful of their time and give feedback on their work. This will help them do a better job and respect your time in return.

Making yourself aware of possible problems that often occur in the outsourcing relationship now allows your business to grow by leaps and bounds. Don’t be afraid to start your outsourcing journey, especially that you are now better prepared to do so.

Outsource? Of Course! Get started now at www.OutsourceWeekly.com

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How many yellow pages do you have stacked up on top of the refrigerator right now? OK — maybe you have them in the cabinet under the sink, but I bet you have at least 3 or 4 of them. I haven’t used one of those books in about six years, and you probably haven’t either.

I usually just throw them in the recycling bin, but I still wonder how much money and resources are being wasted by printing and delivering those books to everyone — even those who don’t want or use the damn things.

Do you know that there is an easy way to let the publishing companies know that you don’t want those big books dropped off to your house anymore? Just click here and fill out the form to get rid of them forever and help save the planet while you’re at it — being green was never so easy.

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Make Money With A Blog

One unusual way to make some extra money is by setting up your own blog, writing new stories or ideas on a regular schedule, and then adding some tasteful advertising or affiliate links to earn money.

One of the best blog platforms to use is WordPress — it’s free, powerful, and is supported by a large user base. You get yourself a hosting account, download WordPress, install it, pick a theme (either free or paid), and start writing. It all sounds much harder than it really is, but many people hire someone to take care of all of the above items.

I have a service where I set up your hosting account and wordpress blog for only $250 ($350 if you want a professional theme rather than a free one). Once it is all set up, you just sign in with your username and password and start writing.

Your blog can be about anything — family updates, hobbies, stock market advice, pet photos, scrapbooking, or anything else you can think of. Get started with a new blog today — it just may become your most lucrative hobby…

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Not Just For Brushing Teeth

Not Just For Brushing Teeth

Toothpaste can be used to wash strong odors off of your hands — even the smell of raw fish!

Toothpaste can also remove many clothing and shoe stains, remove tar and gum from the bottoms of bare feet, fill in nail holes in your walls prior to painting, clean chrome and silver, wipe off crayon marks from walls, clean jewelry, and even dry up pimples.

Who knew that tube of toothpaste in the bathroom was so versatile?

Of course, the plain white generic toothpaste works best for most of these applications — no need to spend extra money on gels, sparkles, whitening, tartar control, etc. — just buy the cheapest, plain toothpaste you can find.

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FDIC Official Logo

FDIC Official Logo

What Is the FDIC?

The FDIC – short for the Federal Deposit Insurance Corporation – is an independent agency of the United States government. The FDIC protects you against the loss of your deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government. To check whether your bank or savings association is insured by FDIC, call toll-free 1-877-275-3342, use “Bank Find” or look for the official FDIC sign displayed at your banking institution.

Why Is FDIC Insurance Important to You?

All FDIC-insured banks must meet high standards for financial strength and stability. The FDIC, with other federal and state regulatory agencies, regularly reviews the operations of insured banks to ensure these standards are met. Even with these safeguards, some insured banks fail. If your insured bank fails, FDIC insurance will cover your deposits, dollar for dollar, including principal and any accrued interest, up to the insurance limit.

What Does the FDIC Insure?

The FDIC insures all deposits at insured banks, including checking, NOW and savings accounts, money market deposit accounts, and certificates of deposit (CDs), up to the insurance limit. The FDIC does not insure the money you invest in stocks, bonds, mutual funds, life insurance policies, annuities, or municipal securities, even if you purchased these products from an insured bank.

Basic Insurance Amount Is $100,000

The basic insurance amount is $100,000 per depositor per insured bank. Certain retirement accounts, such as Individual Retirement Accounts, are insured up to $250,000 per depositor per insured bank. If you and your family have $100,000 or less in all of your deposit accounts at the same insured bank, you do not need to worry about your insurance coverage — your deposits are fully insured.

Coverage Over $100,000

The FDIC provides separate insurance coverage for deposit accounts held in different categories of ownership. You may qualify for more than $100,000 in coverage at one insured bank if you own deposit accounts in different ownership categories. For more information, please visit the official FDIC website.

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