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3 Genius Business Ideas We're 'Borrowing' From Syed Balkhi
My First Million
Maximizing Efficiency and Minimizing Costs in Outsourcing Accounting Services
Outsourcing accounting services can be a cost-effective solution by leveraging offshoring talent in countries like Pakistan, India, and La Tam. By productizing services and offering them through a reseller or white label model, businesses can tap into a potentially large Total Addressable Market (TAM). Companies like Bench, charging between $299 to $499 per month for bookkeeping, can be replaced with more efficient and cost-effective options by bringing these tasks in-house or outsourcing to specialized firms. Through examples like Seahawks Media, which offers WordPress development at $1,000 per website, the benefits of a well-structured reseller and white label model become apparent.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode