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Friday, November 14, 2008

Go International in Case of Recession


Prior to the advent and mass popularity of the Internet, engaging in international commerce was a huge and difficult proposition that required you to be able to vastly undercut their domestic suppliers, provide your own means of communication and transport of your product, and most importantly, develop the right network of contacts to open doors to an industry community that will allow you to justify the investment of exporting your goods and services overseas.

And, of course, because the American economy placed such a high value on the U.S. dollar you had to convince these companies that they were justified in paying a higher price for your services than they would if they simple worked within their own borders-or at least their own continent.

There have been several events that have changed this, and which have made opening your doors to an international community not just a desirable move but a necessary one. First and foremost, the Internet has connected companies all around the globe into a single network of industry providers. Once upon a time it was inconceivable that a company in the United States would be able to write a computer program for a company in Beijing and have it in their hands by suppertime. The Internet has made that possible, and made operating in an international community more lucrative and cost efficient than ever before.

Unfortunately, the recessed economy in the U.S. has caused the relative value of the dollar to drop dramatically. Believe it or not, when you're considering opening your doors to the international community this is actually going to work in your favor!
A large part of the reason for the huge quantity of layoffs in the United States since the beginning of the recession is that U.S. companies have discovered a cheap labor base in companies overseas with a weaker economy. a company choosing to outsource its customer service support to the Philippines, for example, will pay those workers less than half of the minimum wage required by the U.S. government-and realistically, how many Americans are going to be willing to put in the time and effort required to succeed in corporate America for minimum wage in the first place?
These employees don't have to be paid vacation, or insurance, or retirement, or any of the other "perks" that companies are offering American workers in order to ensure their loyalty and services rather than losing them to another company that's willing to provide them with that. Because of it companies are able to cut the costs of their payroll dramatically. When the company is already suffering from a reduction in profits due to an economic recession, saving those expenditures looks pretty good on their bottom line.

You can make that same principle work for you. With the value of the dollar falling there is no longer such a dramatic difference between our pay rates and the rest of the world-and if you can take that reduced dollar value and combine it with the ability to offer your customers and clients a great deal on your goods and services you can place yourself in a position not just to be able to justify your services, but to give your clients a reason to prefer them.

Top quality work at a bargain price!

By the way...do you want to learn exactly how to create a high income online business by meeting the needs of people in your niche through coaching, consulting, and teaching online classes? (by: Sean R Mize)


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Funny T Shirts Inc.
Funny T Shirts Inc.