There used to be a time when business owners and entrepreneurs who didn’t have the resources or knowledge to perform systematic tasks – such as creating websites, editing images or designing brochures – had to rely on the kindness of tech-minded friends, family members or local business talent to perform the intricate procedures for them.
Especially in cases whereby the job at hand required specialized skills – like Visual Basic .NET programming – the hunt for the right person may have been a difficult one. However, in 2014, folks with a macro vision for their companies who lack the time or know-how to carry out their corporate desires are now tapping into a talent pool from all around the world to see their dreams realized, and Americans are doing so in droves, reports Bloomberg, citing a new report from Tata Consultancy Services Ltd., the largest software exporter in India.
The findings show that European customers – as well as those in the United States and beyond – are paying good money to use the expertise of technologically astute candidates all across the globe to fill their software outsourcing service needs, so much so that Tata’s CEO reported a 51% increase in the company’s recent fourth-quarter profits.
African-based freelancers benefit from enormous growth in the outsourcing job market, expected to hit $5 billion by 2015
Not only is India experiencing a boom in prosperous outsourcing jobs, enterprising minds in Africa are also feeling a boost from beating out a portion of Americans bidding for freelancing work by underbidding their competitors, reports USA Today.
The Rockefeller Foundation’s Digital Jobs Africa predicts the booming African market for online work will hit $5 billion by the year 2015, and they’re not the only segment of the world wide web using the changing landscape of this business paradigm shift to their advantage.
Companies profit from the outsourcing job growth, too
Software developers, writers with experience in crafting high-quality website sales pages, journalists on major news sites and editors alike are finding a profitable economy within the world of freelance outsourcing jobs. But it isn’t merely individuals across the world who are discovering that their innate computer science or writing skills can parlay their statuses into cash cows sitting on gold mines, but firms who recognize the desire of the paying public to buy outsourced services are benefitting as well.
Take Smart Photo Editors, for example, a 7-year-old company that has found success by providing expert Photoshop and other image manipulation services to clients from the United States to New Zealand to Europe to elsewhere around the world. With nearly 5 million images edited for their customer base and growing daily, the company is one of handfuls that early on recognized the trend of the demand for outsourced services growing from a corporate level to an individual level and jumped on the booming bandwagon.
Additionally, websites like oDesk and Elance, who both bring freelance experts together with clients seeking their services – and take a fee for the jobs completed – are also expected to continue their astronomical growth, with oDesk reporting earnings from workers toppling $360 million in 2012, and Elance posting 2.5 million jobs on their site that same year. It’s perhaps no surprise that the two companies announced a merger in 2013.
Whether it’s an organization or an individual, or some amalgam in between, those who recognize the trend toward the increased outsourcing of specialized skills – and find a way to profit from it by performing quality work – just may outlast some of the major brands we’ve come to know and love that are still doing business the old way.