On my honeymoon, if I remember correctly that far back, I recall I was bartering for a handbag my little wifey thought was rather good. The price gap got down to peanuts – I think about AUD2. I was determined not to be ripped off, so I pushed hard. Eventually the lady selling the handbag walked away. I distinctly remember seeing her as being very sad. The wife also was not happy. I had stuffed up. Determined not to be ripped off, I had pushed so hard that everyone had lost.
There is another segment of the business process outsourcing (BPO) sector that is slowly making its way into the mainstream. In recent years, impact sourcing is increasingly becoming popular in many countries such as Kenya, India and Cambodia. Impact sourcing pertains to providing employment to underprivileged workers in rural and poor communities of developing countries through outsourcing. And while the focus is on poor communities, the segment also provides job opportunities to workers in areas with high unemployment.
Setting up your own business is not an easy feat. For first-time business owners, this can be especially daunting because there are a lot of factors to consider – from the product or service you want to sell, the price, production costs, to resources needed and the location. As a new start-up owner, you might already have your business goals set and the vision of where you want your business to be in five or ten years’ time.
“What would you have become if you weren’t a /an (insert job title here)?”
In Q&A contests, it's one of the frequently asked questions. I answered this particular question tons of times but if I were given a chance to give one answer, I’d like to give my top 5.
Traditional outsourcing has been around for many years but as new technology and new methods are developing at a rapid pace, it comes as no surprise that it has eventually evolved and spawned a new breed. Crowdsourcing is a result of this evolution and it is considered by some industry experts as an alternative to or even a potential replacement for traditional outsourcing.
Receive the latest industry updates from our blog right in your inbox.
Have you thought about hiring someone to keep your website up-to-date? What about your blog? These tasks can be accomplished by a highly qualified virtual employee working in a remote office in the Philippines at Flat Planet. Read more