Are You Batch Processing Your Outsourced Work?
Over the past couple years I’ve been very privileged to participate in Yaro Starak’s coaching programs and learn from his teachings. Recently I’ve been listening to his audio Mindset series in the car quite a number of times, not because I don’t have anything to listen to, it’s because I want to. What I have noticed every time I listen to this series is a new idea will come to mind and it keeps me grounded in how I should be approaching my Internet business.
A specific topic Yaro talked about is batch processing and it’s an important system for any Internet business. This topic wasn’t directed to outsourcing, though I wanted to share with you how relevant it can be.
What is Batch Processing?
Let’s take a look at an example in relation to emails. Emails are probably one of the biggest distractions in modern society (sorry guys, in my opinion it is), though they are necessary because it is considered a main form of communication between a client and a business. Now you can have the option of checking your email every hour of the day and replying to people answering their questions or you can batch process them at most once a day or twice a week (ultimately this is what you should strive to achieve). What batch processing does is it allows you to process all your tasks at one time rather than processing them as they come.
Rather than answer an email straight away, which takes 5 minutes to complete and interrupt your current task, you can process all your emails once at the end of the day, that allows you to have a focused effort. So you get the emails replied to in 30 minutes compared to the 50 minutes it would have taken you if spread these over the day.
In my Dragonboat business I let customers know that I personally check my email twice a week on Tuesday or Thursday and if the matter is urgent, they need to send the request to my support team who checks the ticket system twice a day on my behalf.
What Are Tasks You Can Batch Process To Be More Productive?
How To Handle Tax When Outsourcing Overseas?
Firstly a big thank you to everyone who participated in the Mass Outsource launch last week. It was a huge success and I’ve already begun teaching all the students who have joined the program. If you haven’t grabbed your free copy of Secrets Of Outsourcing Experts Revealed report yet, I recommend you do so because there’s a lot of cool resources inside.
Since the launch and the feedback I’ve been getting from the videos, a recurring question that has come up from Mass Outsource Mastermind is this:
“How do I handle tax when I outsource my work overseas (to the Philippines)?”
It’s a really good question and I can only share this from my experience. Before you read any further though, I need to let you know that I’m not a legal adviser or financial consultant in this area. Therefore I HIGHLY RECOMMEND you seek advise from experts who handle this sort of detail as everyone’s financial situation is different to mine. What I share with you below is what happens in my own business and this is a general overview of how to go about this.
How To Handle Tax When Outsourcing Overseas?
In my own business I currently hire a few full time staff from the Philippines and they are paid monthly via Xoom or Paypal. Let’s take a step back and look at an example if you were hiring staff from your own country. Since I am living in Australia, normally to employ staff there would be a lot of paper work involved, from filling out a Tax File Number form, Group certificates to Superannuation forms. It becomes a real nightmare when you start to hire 15+ staff! I’ve been there and it’s not pleasant to see so much paperwork just to manage employees, let alone managing the business. In that circumstance, I would recommend hiring a book keeper to help you pay your staff, manage the forms, and all the account keeping records.
Now in Australia, every quarter I would have to pay the PAYG (Pay As You Go) tax to the government which is a percentage of income tax taken out of your employees wage and your own wage that is compulsory. The highest tax bracket here is around 48.5% and the minimum tax is around 15%. So somewhere in between there is that percentage of tax taken out from our wages. On top of this, a minimum of 9% is taken out of the total wages and paid to Superannuation (similar to a 401K), which is also compulsory.
In comparison, jumping back to paying virtual full time or part time staff overseas, there is none of these details I need to worry about in my own business. Basically all I have to worry about is paying their monthly wages on time and they sort out the rest.
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Mass Outsource Mastermind Doors Open
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You can watch my video above to get a “Sneak Preview” to the course.
Mass Outsource Mastermind
The Mass Outsource Mastermind coaching course opens today – and I’m only opening it up for 3 days, as places are limited and, like all Internet Marketers, my time is precious.
This training course is designed especially for newbies who want to create an Internet business – and live the lifestyle you want. It is the best video training course for beginners – and, as you saw from your free report, is endorsed by guys like Yaro Starak and Gideon Shalwick who wished they’d had the sort of information I’m teaching when they started outsourcing – it saves a lot of time, money and stress.
For more information on this course, please visit the signup page at:
http://www.massoutsource.com/signup/
Also if you haven’t downloaded my free report, you can do so here:
http://www.massoutsource.com/report/
How To Train Your Virtual Staff
Leading up to Mass Outsource Mastermind program opening on Tuesday, 17th November 2009 at 9am US EST, I’ve produced another video for you, showing you exactly how to train your virtual staff. This information is different from anything else you’ve seen because I’ve shown you step by step exactly how I do it – and (more importantly) how you can do it too. Furthermore, I also give you a run down of what’s in my course:
I have a very specific way (and some may say uncanny) of outsourcing so that my business takes up as little of my time as possible – and training up your virtual staff is key – which is why I’m introducing you to this now.
If you haven’t seen my 10 FREE videos on how to outsource your business, visit www.massoutsource.com now. Remember to download my free report “Secrets Of Outsourcing Experts Revealed” which has lots of useful resources too!
Enjoy the videos and don’t forget to leave your comments here.
Tyrone Shum
Training Virtual Staff
CASE STUDY: DBV.com.au Outsourced!
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CASE STUDY: DBV.com.au
David from OneLifeNoFear.com, a blogger and avid entrepreneur interviewed me and asked me all about my business and how I outsourced DBV.com.au, which is my dragonboating business.
He asks me how I’m able to work just 2 hours a day generating a yearly six figure income using the Mass Outsource strategy. In the interview David also asks me what led me to outsource my dragonboat business and the struggles I faced when I first tried. It was quite embarrassing at first as you will soon hear.
