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New business idea about outsourcing , give your views

 
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knockknockhlo

posts: 41

Sep 14, 2006 3:37 AM ET    Quote  Report Abuse
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Hi to all ,

              I have one business idea in my mind for past 3 months.iDea is simple "outsourcing for home based business" . We have seen outsourcing a big booming industry , but no one cared for small home based enterpneurs.

     Each and every netpneur have employees and in USA it cost close to 1500 to 2000$ per person , but luckily i am living in that part of world , where i am surrounded by too many software or IT professionals . All they want is decent pay check , so mine idea is form a company , start advertising . I know whenever it comes to have india or china in mind , people think "cheap" not "quality". But this is where my company gonna score , i`ll give more stress on providing quality qork rather than shouting on web , "cheap" "cheap". So , what you all guys think of this idea? Secondly , where should i adverstise my company , which keywords to target?I know many of this reading must themselves established company owners. So , suppose , if i come to you , with same business proposal , will you give mine company a try or what specific things you will look into?

 Thanx 

hostclick

posts: 129

Sep 14, 2006 12:38 PM ET    Quote  Report Abuse
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I`m not sure I see the difference between your idea and a traditional outsourcing company.  I see us outsourcing companies as a sort of head hunter for talent overseas.  They take a commission of the entire sale based on providing qualified help.
knockknockhlo

posts: 41

Sep 14, 2006 12:45 PM ET    Quote  Report Abuse
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Well , small home based business has different business model as well different needs.Also , how about if entire staff work from entirely different location , Just like people use websites like www.elance.com  , why ? coz they find cheap as well quality source there . Thats what i want to eliminate , coz with freelancer there is always some risk involved , how about a company with same cost  , but with much higher quality
amacgi1

posts: 31

Sep 14, 2006 3:21 PM ET    Quote  Report Abuse
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Id be curious as to how much of their revenue home based business would be willing to commit to outsourcing activities on a percentage basis. Also how vested in IT activities home based business are i.e. they`re certianly not investing in entreprise systems.

You might consider running a poll here on the SuN forums to start your market research.

Best,

Andrew



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PeerSight, e-enabled roundtables for small business http://www.peersightonline.com
CraigL

posts: 9051

Sep 15, 2006 8:09 PM ET    Quote  Report Abuse
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My guess is that many people starting their own business have been led to that leap by having their own job outsourced. Not all, but a decent percentage. That, or they`re worried about losing their job to outsourcing.

I suspect you`re going to have a hard sell on this. The only advantage I can see to outsourcing would be in a manufacturing type of business, where inexpensive, repetitive machine production would cut labor costs. The problem there is lack of capital for so many small business owners just starting out.

Interesting problem: Traditional accounting always includes labor costs in the operations of product manufacturing. But in a single-owner busines, say a craft person, the labor costs are part of salary. In other words, if someone chooses to forego $15/hr. for sewing, then takes a profit of $40 on their finished goods, are they cheating? Does the product really "cost" $15/hr, (say they make it in two hours) and $30 to make?

I think outsourcing works for large companies, or for those with strong manufacturing needs. But so many of the people here tend to be offering service-oriented goods, I really wonder how outsourcing would be relevant?
CraigL2006-9-15 20:10:36
knockknockhlo

posts: 41

Sep 16, 2006 11:44 AM ET    Quote  Report Abuse
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Hmmmmmmmmmmm , may be you are right , i a-m not  thinking it as very large business . something , i make 2000 to 4000$ per month. I guess outsourcing for small home based business isnt introduced on internet except on feelancing stuff. I personally chose some coders and its always somewhat confusing which coder is cheap and best.Some risk always involved in freelancing stuff.Thats why i thought of bringing outsourcing for only small based business and i am not eying too much money , 200 to 4000$ is achievable , let me know what all you think?

hardknocksmba

posts: 35

Dec 10, 2006 5:50 PM ET    Quote  Report Abuse
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The category is valid, it`s just that it`s already occupied. What Tata does for the Fortune 500, a host of websites do for the little guy.

In addition to the usual suspects (elance, scriptlance, rentacoder, etc.), check out http://www.odesk.com/. They do the virtual employee thing, and provide validation of skills. They also require the worker to work under the view of webcam so employers can verify that the work is being done (a little Orwellian, but I guess some employers like that). They have, I think, a wad of venture funding.

You can still do this, but you will have to really deliver quality work or your clients will be gone in a heartbeat given the level of competition.


Amalia500

posts: 1

Oct 09, 2012 6:00 PM ET    Quote  Report Abuse
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Hello Sir,
I represent a private investor that wants to invest funds in your company/country.
Contact me on amalianicolaus710@gmail.com
Ms Amalia Nicolaus



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meetdosi

posts: 7

Dec 05, 2012 4:09 AM ET    Quote  Report Abuse
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Business process outsourcing became the trend and almost all companies are moving in this direction. A business firm needs to perform various functions in carrying out its business. Of these various functions one important factor is being Outsourcing.



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Know more about Akshat Sethi
MoneyTrack

posts: 14

Dec 09, 2012 11:31 AM ET    Quote  Report Abuse
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Outsourcing has been around for years.  I would think that most small time home based businesses are going to be very hesitant about giving up a large portion of their business.  Most home based entrepreneurs like being in control.  However, I think if you can find the right businesses/audience than you could be a success.



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The Money Track
Independent Financial Advice & Personal Financial Planning

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