Working Smarter…Not Harder (Part 1)

Running a successful business is hard work…or is it?

Over the next few weeks, I'm going to share with you THREE
of my personal secrets for:

• Reducing my work hours, and

• Increasing my profits.

Today, I'm going to talk about "Outsourcing."

You may have heard the term. Basically, it means hiring
someone else to do some of your work.

First of all, you want to avoid hiring "employees" as much
as possible. It is far cheaper, and less of a bookkeeping
hassle, to hire "independent contractors."

What's the difference?

• With Employees:

  • YOU must pay matching social security and FICA.

  • YOU must withhold taxes.

  • YOU must provide employee benefits.

• With Independent Contractors:

  • THEY pay double social security and FICA.

  • THEY are responsible for paying estimated taxes.

  • THEY receive no additional benefits beyond payment for
    the task they were hired to perform.

…With independent contractors, all you do is (a) pay
them and, at the end of the year (b) provide them with a
1099 tax form.

Best of all…

You can easily find an experienced independent
contractor for a FRACTION of what you would pay an
employee!

The truth is, with so many people wanting to work from
home, there is never a shortage of qualified people to
choose from…for ANY task you desire.

To prove it, here is a short list of just some of the
tasks I have personally outsourced:

• ghostwriting articles

• ghostwriting books

• website design

• graphic design

• software programming

• email customer service

• phone customer service

There are many places you can find experienced people who
will work for amazingly low fees. One of my favorite
sources is eLance where independent
contractors will BID on your project, and YOU choose the
one you feel is best qualified to handle the task.

Using services like eLance is very simple. You just:

1. Sign up for a free account so you can outsource
   projects.

2. Post a project you want independent contractors to bid
   on.

3. Choose the bidder you want to work with.

…You don't even pay for the project until it is finished
to your satisfaction!

TIP: When you post a project, let bidders know that they
will need to supply you with samples of their work
so you don't have to hire someone "sight unseen."

By outsourcing tasks that can be done by others, your work
hours will be significantly reduced. And, you can focus
your time on tasks ONLY YOU can perform (in my case, an
example would be: coaching my students).

You'll also find that, by outsourcing, you'll have MUCH
more free time to enjoy. Plus, you'll have the freedom to
take time off without having to constantly check up on
your business.

Lastly, By outsourcing, you will be able to focus your time
on actions that INCREASE your profits…thereby earning
MORE while working less.

In Part 2 of this article series, I'll share my secret for
earning $1,000 (or MORE!) in just 10 minutes a day.

Till then…