Podcast Episode 21 - Outsourcing and pricing

outsource pricing help Aug 04, 2021
 

You might need to think differently about your pricing once you start to outsource. There’s a lot to consider and several options available to you, but the route you take will depend on your needs. 

When you’re looking to outsource, I recommend you start by outsourcing client work and the more junior stuff associated with it. For example, I have someone do the bookkeeping for my clients on my behalf. I charge the client and pass the work to my outsourcer. It’s a great way to get started with outsourcing, as it means if the client work stops, so does the cost of the outsourcing. You can then choose whether the client knows that you’re doing that or doesn’t. 

Factor in your time when establishing outsourcing costs

It’s important to realise you’re still managing that relationship, particularly if the work then comes through you to be reviewed, so you need to price accordingly. Is what you’re charging enough to cover that?...

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5 things I've learned from being in business 3 years

As my business turns 3 on 13th February, I've been reflecting on things I wish I'd known or done when I started out.

1) Outsource as early as you can

I waited for ages to get my amazing assistant Louise, and my web designer Lisa, but they have transformed my business. Don't wait until you are collapsing under work to outsource. Get someone to start small and grow with you as your business grows.

There is a saying that you should get someone when you can afford 50% of their fees. I think it's a good rule of thumb to get you started.

If you find it hard to delegate, just do a few hours or tasks to start with. I find I can't outsource email easily but have no problem with social media posting.

2) Don't be afraid to experiment

I've tried all sorts of things in my business. I started as a freelancer exchanging time for money (as most people do). Then I discovered online courses and email marketing, and I have experimented with various offers, some more successful than others.

Some things...

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5 ways to improve your productivity

We all want to improve productivity in our business but how can we do this? It's so easy to get overwhelmed in your business (it happens to me at least monthly!) but I've been putting in some things to help

  1. Use the right tools

  2. Outsource some of the work

  3. Use workflows & canned emails

  4. Time blocking

  5. Boundaries

Tools to use

Having the right software tools in place in your business makes a huge difference. I recommend the following ones that I have used successfully in my business

Toggl for time tracking

Asana for task and project management

Kajabi  for email lists, membership sites

Smarterqueue for posting to social media

Xero for your accounts

Canva for social posts

Calendly for getting people to book with you.

Zapier for linking up different apps

More on this in next week's blog post.

 

Outsource the work

Another thing to do is to outsource the work. The easiest way to do this is to outsource part of the client work you have. Or outsource a small...

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