The rise of the Virtual Assistance industry has forever changed the way companies and entrepreneurs do business. Today, armed with just a laptop and an internet connection, we can now operate a full-fledged business.
Virtual assistants are professionals that remotely provide a wide variety of services to companies. They can work in practices such as social media marketing, graphic design, video editing, copywriting, project management, accounting and many other areas of expertise. More and more companies are starting to hire virtual assistants for various reasons. With that said, we have all the reasons to believe that there’ll be more virtual assistants in 2020.
Looking at outsourcing trends in 2020, the future looks bright for virtual teams. Here are the top reasons why more and more companies are moving into the virtual assistant era and employing virtual teams for their businesses today.
If you said the words “freelancer," “virtual staff" or “outsourcing" years back, most people would give you puzzled looks. But remote workers are slowly becoming common knowledge across all sectors. According to Outsource Workers, the outsourcing industry has grown to $105 Billion. 20 years ago, it was only $45 Billion.
And outsourcing is no longer just limited to businesses with online operations. Even non-profits and people in the medical field are starting to hire virtual staff. As the outsourcing market grows, we will see more businesses employ offshore staff to provide services.
India and the Philippines are two nations leading the outsourcing industry. When hiring virtual staff from these countries, companies can really save significant dollars. Best of Budgets notes that hiring a virtual employee can be up to three times cheaper than getting a full-time office-based employee.
For startups and small enterprises in first world countries who struggle to pay local salaries, this can be a great option. With offshore staff, companies can still continue to market, innovate and grow without having to bleed a significant portion of their cash inflow.
The Philippines’ outsourcing industry is one of today’s fastest growing. In a matter of 13 years, the industry has grown 46 percent and is currently experiencing an annual growth rate of 20 percent.
There has rarely ever been a scarcity of quality virtual assistants and freelancers since the beginning of the internet. And as more developing countries improve their technology, we will continue to have a great supply of offshore professionals.
Don’t Miss Out on the Trend!
2020 could be the best year ever for your business. That is if you seize the opportunity to take your business to the next level and hire more virtual assistants in 2020. Outsourcing can get you there. And if you’re saying you need help to take that leap of faith, we would be more than willing to help you build your online team.
At Outsourcing Angel, we’ve had a great track record when it comes to pairing up companies with high-level virtual assistants that get the job done. So get in touch with us today, and let’s make 2020 one of your best years yet!