Micro outsourcing has the potential to transform how micro enterprises and SMEs operate. But what is micro outsourcing and how can micro enterprises and SMEs gain from it?
What is micro outsourcing?
Unlike traditional outsourcing, which involves mega deals and mega players, micro outsourcing, also known as micro sourcing, allows micro, small and medium-sized enterprises (micros and SMEs) to outsource their work to highly skilled freelance workers or independent businesses (service providers) based locally, nationally or anywhere across the globe.
What are the benefits of micro outsourcing?
Micro outsourcing potentially allows micros and SMEs to gain process efficiencies, and cost savings of 50 to 70%, which is far higher than the 20 to 30% typically demonstrated by global outsourcers.
Other benefits of micro outsourcing include:
- Ensures the deployment of competitively priced resources
- Allows “on-demand” access to skilled resources
- Allows greater focus on core operations
What can be micro-outsourced?
Activities include technical writing, copy writing, logo design, virtual assistance, document translation, product design, SEO, scientific research, data entry, website design, bookkeeping, market research and mobile app development. As can be seen, micro-outsourced jobs can cover a wide range of business activities.
Moreover, it allows jobs of relatively small duration or cost to be outsourced, which is of enormous value to micros and SMEs.
Unlike outsourcing, which can involve mega deals and mega players, micro outsourcing allows micros and SMEs to gain process efficiencies by outsourcing to highly skilled service providers based locally or across the globe. This transformative effect ensures that it delivers cost savings at least as high as outsourcing and potentially as high as 50 to 70%.