What Is My Time Worth And Why Outsourcing?
Have you considered this for yourself? And how much do you think your time are supposedly worth? Most of the time as small business owner, we always fall in the trap of trying to do everything our own and refuse to outsource.
After reading the timeline story from Gobala, he reminded me again about these questions - “What is my time worth”? and why should I outsource some of the works instead of doing all myself.
I knew he can write well (He wrote some of the good book – ChapterM.com & Easy Wordpress System). However, he chooses to outsource the writing job to someone else in RentACoder since we can get a very good & cheap labor for writing (Read my post on first outsourcing job). I just amazed that, after sometimes his income level is increasing instead of dropping. Bear in mind, he has to pay for writing cost before he manages to make money from the new projects.
In fact, starting this month, I begin to study some of the materials that help me to manage my time well. One of the secrets in managing your time well is outsourcing on those work that you are not good at. In my example, writing. 
I learnt how to outsource writing for some of the articles for article marketing, I learnt how to get someone write for my sales letter, etc….
Writing is no longer an expensive job you can hire from someone. You should focus more on your strength instead of your weaknesses. It is not worth the time for you to learn and do everything yourself.
I use a calculator created by Peter above to re-discover my worth of time and certainly I got the inspiration not to waste time to do works that I am not happy to do myself. Go and get yourself one and calculate what is your time worth. You will find that your time can worth so much more and you will never try to spend your time unproductively. Start outsourcing today!
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Hi Steven,
Thanks for sharing your outsourcing experiences in the previous post.
I’ve a question here though. When you outsource the creation of sales letter to the freelancer, how do you determine how much you going to pay them and decides who should get the job?
Since sales letter determine the conversion rate, other than checking their previous works, is there any other information that we need to provide them or vice versa?
Lol..trying to learn here..:)
Hi Iry,
First of all, you need to do your homework. Check out the rate in Rent A Coder or anyone has the experince outsourcing on the sales letter writing job.
You need to check whether coders’copywriting is proven or not, meaning able to convert the sales. Next, list out your requirement, as details as possible. So that, both of you know the scope of work, and you can bargain the price the the coders.
Remember, not the cheapest price or most expensive price will get the job, it is depends on their feedbacks ratings. This part is very subjective, you need to determine yourself, I can’t give you a guideline for this.
The more you do, the beter you are.
[…] My friend Steven has written a good post about the value of your time. Obviously psyched-up after the Bob Proctor event! […]
You brought up some excellent points in here. Focusing on your strengths and outsourcing your weaknesses is a good strategy, afterall, we cannot be good at EVERYTHING that we do. Could you imagine a world like that, that everyone was good at everything they did? That would be pretty amazing.
It is okay to admit that we need help at times. I think that someone would be truly amazed at what a sense of accomplishment you can feel by outsourcing and focusing on what you do best.
Good luck to you!
To Your Success!
Shannon Q.
hi steven,
Good point you sharing with us, i love to buy OPT and use OPM to make profit, but is that effortable for those who just started in internet marketing?
So do you mean we just manage for the promotion and advertising stuff instead of writing sales letter?
I love to learn from you, steven.
Hi Louiss,
I would suggest you think internet marketing just like any other business, allocation of start up capital is a must for you. However, this initial capital is not high for IM, usually US$300 - $500 is a reasonable one compare to other business.
Yes, you need to put your focus mainly on promotion & advertising. A certain knowledge in writing is an added advantage but not a must.
However, if you don’t have capital that I mentioned, you can do the long way like most of the people do, learn everything themselves, do everything themselves, and wait till the business is profitable and then outsource. Usually this will take anythings 6 months to 2 years, depends on how well do you understand your project.
Really fast reply!I actually touch IM before I start blogging. I go no where to learn it, ms fiona tan have done a preview last year, and learn nothing. She tell us to invest 1000 to 3000 usd for that stupid website course, and make me never sense IM again.
I back again to IM on January after I saw awesome result from gobala for his Chapter M, and I know IM is what i’m looking for and now I invest around 200 usd for some ebooks, minisite and sales letter as your mention, and doing some home work for adwords and also list building.
Do you have any guideline to adwords and list builder?
I really thanks to you and gobala who give the hope for me to start IM, and wish to learn more from you all!
Hi Louiss,
It is good you stay focus on 1 or 2 subjects in IM. Most of the time people tend to feel lost because there are so many areas can make money online. For the start, I would suggest you 2 resources for Adwords & List Builder.
Adwords:
http://www.AllNicheVideo.com/recommends/adwordsm
List Builder:
http://www.AllNicheVideo.com/recommends/listbuilding
Hope this can help you to get started fast.