what is outsourcing of a business?

hi, please tell me about outsourcing of a business and merits and demerits of outsourcing a business.

 

Not exactly sure about the merits and demerits but I can tell you what outsourcing is. Basically, it's when you outsource some of your work. Say, I'm running an ad posting service. I collect orders and outsource the posting part to another guy.

Hope that helps. Maybe someone else can answer the rest of your question.

 

Outsourcing is a process of contracting your service to a third party.

 

Basically, outsourcing means letting someone that isn't a part of your organization to perform tasks and activities that mostly aren't a part of the business's core activities.

 

outsourcing business

 

you can choose and compare the 3rd parties, which one suited best to do the job. meanwhile you can invest that time in upgrading your business.

 

There are several advantages and disadvantages concerned with outsourcing your business projects. Th main concern being outsourcing to a company or individual who is unqualified to handle the work. Do the due diligence to find a qualified company or individual to handle the task or projects you need completed for yourself or your clients so your business continues running smoothly without any hiccups.

 

Outsourcing, brings new ideas imho, you break out of your own in the end, it's a new level.

 

outsourcing means someone is not related your organization but you can give him the project by contact or salary system whatever. Than means Basically, it's when you outsource some of your work by someone else.

 

Why outsourcing is beneficial for a business?
Please give your suggestions.

 

If you overwhelmed with loads of work, you can outsource your business task to others. There have some well reputed outsource sites, you can distribute work on those sites.

 

Simply because outsourcing can help in speeding up the process of establishing a new business or launching a new product. By outsourcing your online business marketing, you can make sure that your online marketing is done by those who are skilled in the field.

 

outsourcing will reduce your work load..and you also gain deep knowledge in your filed....
you can differentiate work how others done the same work which you was done previously ..

 

if you able to find good people as your team, i don't see any demerit of outsourcing.

 

it is a third party related business.

 

outsourcing a business sometimes give you more profit as compared to get the work from your own employees and some time you can harm by the third party so it requires some understanding.

 

Outsourcing basicly is: Paying for getting things done. You hire or contract someone with good skills on whatever are you´re lopoking for and pay him/her to get the job done. This is no only good if you dont know how to such a Job, but also its good to duplicate or triplicate your productivity.

Getting a good person to work with and good price, could be a goldmine to your bussines.

 

This might seem obvious, but any successful outsourced project always starts with a clear statement of what you are hoping to accomplish. Define your project requirements up front. Service providers need accurate, complete information to present you with realistic proposals and to quote you a reasonable price. Be specific about the deliverables you expect the vendor provide. Give vendors as much information as you can about what you need delivered and the way in which you need the work done. Also, be clear and realistic about your schedule requirements - project schedules can have a huge impact on project costs.

 

Outsourcing can help small businesses to compete with larger competitors by giving you access to the expert resources that larger businesses enjoy. It can give more exposure for your business and help you find the right target market from a site to a certain service or a product.

 

Outsourcing is a business that trust is the first requirement. Business won't grow if you haven't trusted the company that you're working with. This business has it pros and cons, you just need to find the right company, ask for samples and client references so you can decide. There are lots of outsourcing providers who pretend to be the best, that's why you need to be careful and look for the reputable ones.