According to Upwork, one of the biggest freelance directories online, outsourcing in the industry is growing at an exponential rate. The business of delegating work to external sources is set to grow into a $5 billion dollar industry in itself by 2018 and it’s not hard to understand why.
Virtual freelancing websites are continuing to see an extraordinary increase in the use of their platforms over the past few years as many businesses see the financial benefits of finding willing professionals to complete one-off tasks or projects for simple fees.
Cost savings and flexibility are still the main advantages of outsourcing
But, why are so many companies opting to outsource their work instead of hiring in-house? The fact is that hiring staff can be very expensive, and inflexible. However, hiring freelancers for one-off projects and jobs means that a company can ensure that they get the best value for their money, meaning that they are not necessarily spending money filling employee hours that may not see a job completed. From a business perspective, hiring only for the hours that are needed makes perfect sense financially and practically. Read all the benefits of working with me here How can a bilingual virtual assistant help you?
Getting in touch with talented people
Businesses have access to talented professionals who are available through freelance directories for extremely reasonable rates, meaning that companies will not only get the pick of the crop of the world’s best, but they may even get a great deal or two in the bargain. Certainly, from an economic perspective, hiring ad hoc and from a pool of ready and willing freelancers is extremely attractive.
Anyone currently running a company that is facing increasing costs and time restrictions will likely have thought about outsourcing online, and it is also a great time for freelancers, too, to make their mark and build a worthy portfolio.
Outsourcing and online freelancing is only set to spike further in popularity in the years to come, take our word for it and get involved!