As per Statista, the eCommerce business will be crossing the 5.4 trillion dollar mark by the end of 2022. With such an impressive market, more entrepreneurs & people in business are leveraging eCommerce development. If you’re breaking into this lucrative field but are concerned about not having the know-how to build your site, consider eCommerce outsourcing. eCommerce outsourcing benefits with access to great talent, saving money and focusing on the core business domain.
Top 7 eCommerce Outsourcing Benefits for Enterprises Worldwide
1) Provides Access to Skills Otherwise Unavailable in-House
Many ecommerce companies have people with different skills in-house, but finding a diverse group to handle every step of an online business can be difficult. A software firm that develops websites, for example, may not have people on staff who are good at email marketing and SEO.
You can always hire individual contractors for these tasks separately and hope for quality results – or you can bring it all under one roof with an outsourced partner firm. This saves time and money by working with specialists on every aspect of your website’s performance.
2) Saves Time & Money
To start an online business, you’ll need to know how to code or hire someone who does. This can take time and money you might not have in your startup budget. Hiring a developer for a few hours each week for three months is expensive; hiring someone full-time is even more so. And that’s if you choose a reasonable timeframe and price point from one of many freelancers across several different sites like Elance, Guru, or Fiverr; it will take far longer if you decide to go DIY.
In contrast, an eCommerce development company can offer services starting at $15,000 per Project, with most packages costing less than $30,000. With these prices, they often include content creation and web design services as well as design templates to make the process easier for the entrepreneur.
eCommerce outsourcing means no more startup expenses. If you were starting up an ecommerce development from scratch, hiring designers, programmers, marketers, etc., would require tens of thousands of dollars. With outsourcing, however, you only need to pay the monthly cost – which can run as low as $3k per month if you contract out a team with multiple freelancers and specialize across many areas of expertise.
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3) Greater Focus on the Core Business Objectives
Since you’ll already have to spend a certain amount of time marketing your business, outsourcing your technical development can help you focus more on other growth areas. By focusing your efforts on more strategic tasks, such as finding new distributors or expanding into new markets, you’ll be better positioned to achieve company goals.
It also allows you to spend less time managing team members who are trying to hit their numbers but need multiple levels of approval for any change. In addition, by outsourcing some or all of your website development, you may find that it frees up some valuable resources in-house.
4) Gain Flexibility in the Project
There’s a reason it’s called outsourcing. Outsourcing lets you adjust your product mix and adapt to new opportunities on short notice if you have products, customers, or markets that are changing quickly. So, it facilitates your greater focus on what you do great.
It also allows you to add services without adding headcount. If your customer service calls are increasing, an outsourced customer service department can answer those calls without hiring additional employees. Because labor costs in India and elsewhere tend to be significantly lower than in North America or Europe, there’s no better way to expand profit margins.
5) Avoids Risk Effectively
In business, nothing is guaranteed. Every decision carries a risk. No matter how much research and market knowledge you have, there are still risks that you can’t predict or prepare for. There will always be things you simply can’t control. However, if your strategy is sound and you have planned for contingencies, these unforeseen events will not cause your business to fail.
It is sensible to partner with a company with a proven track record and plenty of experience with successful projects in your field or industry. They have already worked through the problems that could arise, so you don’t have to worry about what could go wrong when you hire them.
Outsourcing takes time away from the day-to-day operations so that You can do more strategic work. With more time freed up, the entrepreneur can better handle other responsibilities while being taken care of by the outsourced team.
6) Increase Productivity with First Time Right Solutions
By outsourcing functions that are not critical for success—like shipping or online store development—you can free up your time to focus on selling more products and growing your business. Time is money, and hiring outsourced services for tasks that don’t directly contribute to revenue will help you turn a profit sooner rather than later.
eCommerce outsourcing also allows you to enhance productivity effectively as work gets streamlined. Moreover, you can ensure that the work is done right the first time around. When it comes to marketing campaigns, social media management, or website design, an agency with expertise in these areas will be able to provide valuable insights and creative solutions tailored specifically for your brand and market niche.
7) Leverage Latest Technology Tools Enhancing Innovation
Source: Finances Online
There are dozens of free and premium tools available online to help you get your business up and running. Open source, open access, and easy-to-use solutions can help bootstrap your Project by facilitating communication, increasing productivity, attracting investment, and reducing costs.
eCommerce outsourcing allows you to leverage the latest technology trends over the Project and increase innovation. For example, if you are dealing in shoes or clothes, AR App development might be a good idea for promotion. Similarly, if you have other product lines like jewelry, then 3D printing would be a great option.
Wrapping Up
Overall, ecommerce outsourcing leads to a higher ROI by improving the efficiency and performance of your business. It also ensures that you have an adequate workforce for peak seasons, resulting in a more consistent customer experience.
You’ll have access to qualified experts trained on the latest technology and trends in the industry. You’ll also be able to focus on your business rather than developing it yourself. These are many benefits you’ll get when hiring ecommerce developers.
