It takes conviction and determination to take your business down the outsourcing road. With the competitive market nowadays, multiple startups are now considering outsourcing to focus on their business goals. But any business can significantly benefit from this cost-effective opportunity as long as they find a suitable country that offers a win-win situation for both parties.
Outsourcing to the Philippines is an inviting concept to many entrepreneurs, especially Americans. According to Oxford Business Group, the Philippines has been the global leader in voice and call center services since 2010. The Contact Center Association of the Philippines also claims that the country’s call center industry will expand and generate up to US$20.4 billion in revenue by 2022. The IT & Business Process Association of the Philippines forecasted in their 2019 assessment a revenue growth that would reach 7.3–10.8% by 2022 and 7.3–12.3% in gaming and animation. Aside from its industry growth rate and revenue rate, there are numerous reasons why the Philippines rises above the outsourcing world.
As a startup business, innovation and resourcefulness are vital. The majority of companies that outsource to the Philippines stand to save up to 80% in wages, which is much cheaper than providing a salary for almost the same duties and responsibilities in the first-world countries. In addition, with over 64 million English speakers, language barrier would never be a problem. Lastly, the country’s culture is highly westernized. Offshore team members can easily relate to their clients.
Multiple outsourcing vendors are operating out of the Philippines, so it’s crucial to look for a BPO that can be trusted. Call centers, such as SOPHI, offer flexible and affordable rates to suit any startup’s budget. If you haven’t tried outsourcing to the Philippines yet, this may be the best decision you can make for your company’s growth.