The Hidden Costs of Hiring Cheap Contractors…
If you’re hiring help for your business, the natural instinct is to look for low-cost services to save money.
And I get it. Paying someone $15/hr. sounds a heck of a lot better than paying $30, $50, or $75 an hour.
But is it?
And with all the big corporations outsourcing their customer support and other operations to other lower-cost countries, it seems this tendency might be what makes business sense.
Here’s the thing…
You aren’t a big corporation with hundreds of employees.
You are likely or want to be a solo entrepreneur or partner with a handful of people that work with you on a daily basis. Where a big corporation’s large staff is often disposable, yours is not…so why hire and treat people like they are disposable? It costs time and money to find new people, train them and all the while, your business suffers. When someone quits on you it leaves a much bigger mark on your business than if someone quits the 250-(wo)man customer service department for a large company.
See what I’m getting at?
Besides that, in our small operations, it’s not what we pay that matters that much…
What matters are the RESULTS from the work we outsource and sometimes those results take time to grow.
When you first hire someone, there is a learning curve for both of you. You need to learn how to communicate exactly what you want, they need to learn the job and they will have a plenty of questions. As you continue to work together, your communication improves, their skills improve and they have the built-in knowledge to handle previously unknown situations accordingly.
To get that continued work, you need loyalty from your contractors. And how do you get loyalty? By treating them right. And a couple of ways you can treat your contractors right:
– Pay them well enough so they don’t have to take on all kinds of extra work to make ends meet.
– Give them regular raises to show that the experience and resulting improved work for your company is appreciated and valued.
I’ve been working with most of my team members for years now and when I look at our how our business relationship has grown, I’m amazed and know just how blessed I am. Communication is a snap because we have this history – my team understands me and they know how I work. They knows my business well enough to make their own qualified decisions and make suggestions for improvements. I couldn’t get this if I was hiring assistant after assistant at $10 per hour.
So, do what you’d like with your outsourcing. Keep pinching pennies to keep your costs down…but realize that keeping costs down may be affecting your profitability and your sanity!
Where do you find an assistant?
If you don’t know where to find an assistant, get a copy of my own private contractors list.
It’s the list that hundreds of entrepreneurs have used to find + build their own dream team!
My list gives you:
- Access to My Private List of 100+ High-End Service Contractors
- Access to the Contractors I Personally Hire + Outsource My Business Tasks to
- Access to Contractors in a Wide Variety of Fields Including: Business Managers, Virtual Assistants, Copywriters, Editors, Ghostwriters, Book Experts, Website Design, Graphics, Event Services, PR, Tech & Development, and so much more!
“This List is a lifesaver! I was looking for a project manager to work with in my field, and had no luck finding a good fit on my own. I immediately found and hired a great fit directly from Melissa’s Service Contractor List. This list is now my go-to resource for finding and hiring high-quality people to help me grow my business.” – Amy Harrop
What is this List Exactly?
The fabulous service contractors list is a private online list of service providers that I initially created for myself, for my own personal use. It’s my new list that took me a year to create before I released it.
It is the exact same list that I refer to when I’m looking for an expert.
I did NOT just go to Google and throw this list together willy-nilly (because obviously I don’t hire or work with just anyone).
I personally and thoroughly review their website from top-to-bottom, and I spend time researching people on social media and other places online (if I can find them), to see what people are saying. And in some cases, I will reach out to them with questions to see how they respond & communicate.
I only add contractors to this list as a potential hire if they meet my initial criteria and high standards!
I do this because I don’t want to waste time later weeding them out when I’m looking for an expert. Once they’ve gotten the star, I feel confident in reaching out to them about projects & doing an interview.
If I’m not happy with someone for whatever reason, they’ll get cut from the list.