Online business is so cool these days, I mean it is the best way to make your business click from places you never really imagine your business could cater. The access is unbelievably great and easy! Transactions done just by simply sitting in front of your computer doing job orders, coordinating with the manufacturers, distributors, etc.
In the Philippines it’s quite popular through a term called BPO(Business Process Outsourcing) industry.. It is how a foreign investor can make a great deal out of the Filipino professionals, by outsourcing there work in another country. An example is an online business that needs customer service or orders to be through to a manufacturer they can do it for you.
Philippines is the number in Asia with the most BPO investors because of low manpower cost, advance technology, investment worth against dollars(which most foreign investors currency), over all, less costs-more profit(spending in local currency, earning in dollars). Also, Philippines is one of the Efficient English Speaking countries in the world, one of the top in Asia.
Philippine economy was partly saved by these BPO investors which in turn created more jobs for the people that give good salaries, benefits, and incentives. There are Philippine Companies using it but not yet globally like how these BPO companies do it. Still, that is how wonderful online business is, creating greater economy in some countries specially in large scale businesses.
Benefits of Business Process Outsourcing –
- more people working your business…
- quicker expansion of business..
- can employ people on effort wise effort, commission based…
- can employ in any country when it’s online work..
- can give you more time to invest in your own business..
Written by : Lyndsay Cabildo