Thursday, February 14, 2008

Ultimate Guide: Running an Outsourcing Business

Your eardrums might have been pounded by outsourcing rant: How it has become indispensable in today's multi-polar world? But have you ever contemplated running your own outsourcing business? If you live in any developing country and possess basic business nous, you can get started. You don't need to break the bank as you will clearly pay much less to your employees than what you earn from your clients. You need not start with a huge staff strength. For instance, take IT outsourcing. All you need is to setup shop and buffer enough funds for paying 5-10 employees (besides other trivial operational costs) for, ideally, an year. Then create paid accounts on project outsourcing websites like Elance and Guru, bid on projects, ensure your proposals are professional and well-crafted, let the law of averages take effect, set and meet targets. Now, suppose, you bid on 250-300 projects in a month across an array of websites and end up getting 5% of those, which entails around 25-30 projects. Even if they are worth $200 on an average, you can expect to make $5000-6000/month that can only be expected to improve as your stock rises and credibility shoots skywards. Then you can identify potential clients and approach them on your own. Better still, instead of chasing clients, identify little market niches and develop simple software innovations for them. There are so many niches like assisted living software that can be yours to conquer if you are earnest enough.

Dodge Charger: An Uncanny Beauty

While it is easy to like those cars that are worth as much or more than peoples houses, some people have their subtle proclivities and tastes. I am covering a lot of cheap cars here. I like the Dodge Charger. It is not the most expensive car in the whole universe but it has a lot of elan. The moment you look at the Dodge Charger even your fixation with this most affable marriage of four wheels will begin. I also would like a pickup truck, when they made it to India. Some of the Toyota one's look cool and maybe better with a tonneau cover.