Matt Vaadi explains how outsourcing shed its stigma and became a mainstream business strategy. Companies now use it to cut costs and boost efficiency, especially during economic uncertainty. Sales teams once avoided the word, but today decision-makers actively seek ways to outsource tasks for a fraction of what internal staff costs.
If you heard the word outsource, that meant you're sending this to India. We're not, we're definitely not going to have any of that happening. Well, the world has changed. People are, the world has become flatter. People enjoy global organizations of all sizes. Even if it was going offshore, I don't think as many people would have an issue with it, but that's not even what it meant, right? We weren't offshoring anything. We were outsourcing your payroll. People would stay away from the word outsourcing at all costs on the sales team because they didn't want the negative connotation that came with the word outsourcing. Nowadays, if you come to my door and you say, hey Matt, I can outsource XYZ task for for a fraction of what it would cost your team to do it, I'm all ears, man. It's a different economy. Outsourcing, automation, offshoring, all these things are in vogue right now as ways to create operational efficiency, drive down costs, and create more profitability inside of an organization, or simply batten down the hatches to survive an economic downturn, which is what some companies are going to be doing.
