Outsourcing Pros: Getting More Productive With 80/20 Principle

Outsourcing Pros: Getting More Productive With 80/20 Principle

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Today I need to share with you something what we should call the 80/20 rule and its the Paretos Law likewise, too so if you have heard of the 80/20 or Paretos Law, its exactly the same thing. The reason why I would like to discuss with you for the 80/20 rule is I want to speak about the actual way it pertains to outsourcing. I had a question from one of my recent workshops but it was really exciting because I believe a lot of people were struggling on which to outsource. They cant see how to be able to take themselves out of their business and outsource their work to the right people, and its easy to say look Im just going to rely on someone else and let them just take over of everything. Because as an entrepreneur, you do literally everything from handling customer service emails to all the way to uploading things up onto the internet for videos and many others. Youre kind of the hands-on person who does everything. And thats very normal and very common for solo entrepreneurs. Im very much conscious of it because Ive had the experience and Ive been doing that likewise, too previously.



Now, getting a step out of that to truly release what youre currently doing and to give the person who youre outsourcing to, to do the project correctly takes a bit of thinking and its not as simple as just giving them all the task and say look, you do that. You need to firstly give them understanding on how it works and also understanding of what needs to be done and then setup the systems and the automation process that are involved. Now this is where the 80/20 concept is necessary and when you look at the actual way it works, its actually very simple concept. Let me explain to you what the 80/20 basic principle is if you dont know what it is.



The 80/20 rule is where 80% of your results stems from 20% of your efforts. Let me give you an example. Say one example is, youve put in 20% of your time to producing 80% of your results. Lets look at a good example. For instance, I know that 20% of the people in the world, make about 80% of the wealth. Thats a very common thing or common phrase that goes around. Apparently, with the new age and everything that changes, about -- its moved from about 10% of the people in the world make about 90% of the world, or wealth I should say. And its a very generalistic term. Dont blame me if Im telling you the facts. Im just hearing these from books Ive read and also articles Ive read and so on but basically that is the terminology. Now if youre going to apply that to outsourcing, where say 20% of the things that you do within your business will generate 80% of the results. And the reason by that is say by way of example, you spend 20% of your time on making money. Youre doing dollar-productive activities. Those dollar-productive activities must provide 80% of your income. If youre making $100,000 a year for instance and -- 20% of that time that you spend in your business, youre making the dollar-productive activities, thats basically 80% results.



Thats basically a very simple understanding and concept. Hopefully Ive explained that. I know Ive been saying that again. But what I want to say now is looking at outsourcing. What you need to do is look at what are your activities in your business which are dollar-productive for you that you are doing right now, that is generating 80% of the results. Think about that for a moment, what are those? Once youve figured out what those activities are, then the 80% of those activities you can either eliminate, thats the first thing or automate which is organising the systems, or outsource. And this is what Im talking about, those 80% of the things that you dont need to do. Examples are email, you might not need to check your email everyday, you could get someone else to do that for you depending about what kind of company you have. Cut it down, eliminate, setup these filters, setup systems so that it automatically answers them for you either. Thats 80% thats administration tasks that doesnt need to be done. Uploading videos; you dont physically need to sit there and upload videos onto the internet or uploading content, posting blogs, etc. You can have a VA log into your computer and do that for you while youre away. Those ideas are not making money but in the -- in the essence of actually producing content for the net, youll need to do those ideas if youre a blogger, or someone who is promoting online. So those ideas are essential but, you dont need to do them yourself. The things that you may think that are dollar-productive for you are talking to clients, writing out newsletters to potential prospects on your newsletter list, subscribers for instance. Those are dollar-productive. Looking for new leads as an example and generating more income through sales.



So those things are dollar-productive. Things that will generate income for your business. You can concentrate on that or you can setup a system so that you can have that all automated for you. And thats crucial. If you get to a certain point where basically you dont even need to worry about those things and you look at everything from strategic and looking at from the overview point of things, then thats where the place you want to be is putting all the strategic concepts into place, so that, that way your team your outsourced staff can actually do all the task for you and all you have to do is sit back and collect the income but also strategically drive the organization forward on where you want to go.

About the Author:
Want to learn how you can outsource your entire life to the Philippines and make over $100,000 plus a year income working less than 10 hours a week? Mass Outsource is an outsourcing course dedicated to teach you the systems behind the real outsourcing strategy and how to benefit from it.



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