Like this article? PLEASE +1 it! Evan Signature
Evan Carmichael Top Header
Share for a Cause









Top 5 Qualities in an Outsourcing Company

Written by: Daryl James

Article Overview: What do freelance providers look for in an outsourcing company? What makes a company a preferred outsourcing buyer? We asked some of our freelance providers to think through their most rewarding outsourcing experiences and define the top qualities they observed in those buyers. Here's what they told us...

Free Download - Philippines BPO outsourcing market expected to grow By Daryl James
Name: Email:

Top 5 Qualities in an Outsourcing Company

What do freelance providers look for in an outsourcing company? What makes a company a preferred outsourcing buyer? We asked some of our freelance providers to think through their most rewarding outsourcing experiences and define the top qualities they observed in those buyers. Here's what they told us:

1. Work with Solid Ideas. You need to do your homework and think through your project before a freelance provider can start the assignment. What are you looking for in your end product? As one of our freelance providers put it, "Vague ideas lead to vague solutions, which leads to unhappy outsourcing buyers and unhappy freelance providers. Nobody wants to be unhappy, right?"

2. Be Available. Avoid miscommunication or delays in your project by being available to your freelance provider workteam. Whether it is answering emails regularly or always being available via Skype or Yahoo! Messenger, your freelance workteam will be more comfortable approaching you as an outsourcing manager with questions or potential roadblocks if you're consistently available.

3. Set Reasonable Expectations. Setting overly aggressive deadlines or trying to do too much with a small outsourcing budget can end up backfiring. Discuss sensible deadlines with your freelance provider to make sure they can be realized. Be realistic about your budget and how much you can get accomplished.

4. Be Adaptable. Your outsourcing project needs may change or you may decide to try a different approach — regardless, let your freelance provider know as soon as possible and be ready to discuss new deadlines.

5. Reward Excellence. If work is done on time and exceed expectations, you should consider giving a freelance bonus. Your provider demonstrated he values your outsourcing relationship; return the favor.

Related Articles
  Outsourcing ‘has become a mandate’ for recession-hit firms
  38% of software development professionals use outsourcing
  Outsourcing and the Decision
  News for Software Outosourcing Development
  Outsourcing Accounting: Easy Accounting Outsourcing to India for Small Businesses in USA

Home > Work-Life > Daryl James > Top 5 Qualities in an Outsourcing Company
Article Tags: bonus, budget, experiences, homework, miscommunication, outsourcing buyers, outsourcing company, outsourcing project, outsourcing relationship, reward excellence, roadblocks, skype, vague ideas, workteam, yahoo

About the Author: Daryl James
RSS for Daryl's articles - Visit Daryl's website

Daryl writes/blogs for oDesk, the marketplace for online workteams. oDesk offers the best business model for both buyers and providers with a unique approach that guarantees that an hour paid is an hour worked, while also guaranteeing that an hour worked is an hour paid.

Click here to visit Daryl's website
Dashed Line

More from Daryl James
Recession impacts salaries attrition in Indian BPO sector
Software developers can start earning from Palm Pre apps in September
When Why and How You Need to Hire a Freelance Project Manager
A Brief Overview of Todays Outsourcing Buzz Words
38 of software development professionals use outsourcing


Related Forum Posts
How to valuate a business How to valuate a business - Hi Garth - here is how we did it at Northern Crown Capital when I was helping them raise venture capital for Toronto-based entrepreneurs. Assume the start date is 2003 so 2008 projections are 5 years out: How Northern Crown Capital Valuates a Business 2008 Financial Projections Earnings Before Tax $5,865,000 Tax Rate 42% Taxes $2,463,300 Net Earnings $3,401,700 Amount Seeking to Raise Today $3,500,000 Discounted Value of Future Opportunity, 5 Years Out 2008 P/E Ratio 15 Value of Company in 2008 $51,025,500 Discount Rate Applied 30% Year 2008 $51,025,500 Year 2007 $35,717,850 Year 2006 $25,002,495 Year 2005 $17,501,747 Year 2004 $12,251,223 Value of Company at Investment in 2003 $12,251,223 Less: Investment Amount $3,500,000 Present Value $8,751,223 Discount for Risk & Private Company 40% Less: Discount for Risk & Private Company $3,500,489 Private Company Value $5,250,734 Present Value (What the Owner Keeps) $5,250,734 60.00% Financing (What the Investor Gets) $3,500,000 40.00% Total $8,750,734 100.00% I hope this helps!
Re: What is your biggest challenge? Today? Re: What is your biggest challenge? Today? - Outsourcing and time management, but I'm continually making progress.
Hi everyone Hi everyone - Hi everyone.I am Alex,SEO Analyst on XSEO Company.Nice forum.
Re: Should a start-up outsource early? Re: Should a start-up outsource early? - Hello and welcome to the forum! I agree with Ideasuniversity. Outsourcing is a good way to leverage your time, provided you keep within your budget! Best wishes, David H
Re: Using PR in the Franchise Business Re: Using PR in the Franchise Business - Outsourcing in any business can be a good thing, provided you can afford it and do your due diligence on the company that you outsource to. It is very easy to be taken for a ride if you don't know what you are doing. MichelleJ


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.



Featured Article


Bottom Footer
Share for a Cause












Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Name:
Email:
Popular Articles

Purchasing Real Estate using the SBA 504 Loan

Download a template or see a lawyer?

Listen to Your Inner Melody

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.