11 Things You Should Outsource to Save Money

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If I’m trying to save money, what is the best area of my business to outsource?

outsource

The following answers are provided by Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, YEC recently launched StartupCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses.

1. PPC

Paid search is one of the easiest things to outsource. Most companies don’t need a full-time paid search expert on their team. Outsourcing this is pretty easy and will save your business money in the long term. I personally like 3Q Digital, Hanapin Marketing, Adogy and Wordstream to manage my paid search. – Murray Newlands, Influence People

2. Document Formatting

If you create a lot of presentations and spreadsheets, consider outsourcing the formatting of this to a college student or remote employee who can handle these repetitive tasks. I especially recommend creating step-by-step screen capture videos to explain precisely what needs to be done. –Sathvik Tantry, FormSwift

3. Anything Outside Your Core Service or Product

You may think you’re saving money by trying to do everything yourself, but it’s a false economy. Focus your staff hires on people who perform your core business. Everything else — accounting, payroll, marketing, etc. — can be outsourced. – Mary Ellen Slayter, Reputation Capital

4. Anything You Hate Doing (and Aren’t Very Good At)

There is nothing more frustrating than “trying” to do things well that I am bad at and don’t like. Do what you lo… Read More

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