Category: Blog

When selling a house, one of the first things you should do is find a trustworthy, knowledgeable real estate agency. The home selling process can become a complex transaction requiring plenty of paperwork and legalities, so you need an agent’s expertise to facilitate your sale.

You might discover full-service and discount realtors when looking for an agency. If they both provide real estate agent services, which one should you choose for your home’s sale?

Errands Real Estate Club has many experienced agents who help sellers in the Washington State real estate market. Here, we provide details about the different types of real estate agents and why full-service real estate comes out on top.

What Is a Full-Service Realtor?

Because selling a home typically involves a lot of paperwork, legalities, home showings, research, and other tasks, the process can be stressful for owners. Having a full-service real estate agent on your side can make things immensely easier by managing the entire process from beginning to end.

Full-service real estate agencies like Errands Real Estate Club participate in every aspect of the home-selling process on behalf of their clients. They are always available to answer every question, address every concern, and handle the tough work that comes with property transactions.

These real estate agent services aim to provide the ultimate support during your homeownership transition. Most traditional real estate agencies have full-service agents.

Services

The number of services a full-service real estate agent can provide you during a home sale is extensive. Examples of services that they provide include:

• Professional, high-grade photography to showcase the home on listings
• Expert home valuations to accurately price the house
• Industry-leading tips on how to attract quality buyers
• Quality advertisements on websites like Zillow and the local multiple listing service
• Paperwork assistance to ensure the legal sale of the property
• Professional references and recommendations for resources like landscapers, inspectors, mortgage lenders, and so on
• World-class marketing campaign to promote the sale of the house and yield qualified buyers

Negotiation is perhaps the biggest service these real estate agents provide. An expert agent offering full real estate agent services could negotiate the sale of your home for $50,000 to $100,000 more than a similar home in your neighborhood. They can also save you two to three times their commission through negotiation, making their services worth their price.

Even if you’re a home buyer and end up in a bidding war, the negotiation skills of a full-service real estate agent can ensure you stay competitive without overextending your budget. Their negotiation skills are indispensable.

Cost

Full-service real estate agents usually earn commissions from property sales. If you put your home on the market and it sells, you can expect to pay around 3% each to your listing agent and the buyer’s agent.

Note, however, that the commission rates vary by location and company. Rates can be as low as 2.5% or 5% for total commission fees. Increasing home prices and stiff competition in some markets can cause real estate agencies to drop their rates even lower.

What Is a Discount Realtor?

As the name implies, discount real estate agent services refer to real estate services you can get that don’t follow the usual 6% commission pay model. You can get real estate broker assistance for under 2.5% commission if the discount agent takes a commission rate at all.

However, you can expect to receive fewer services or a different standard of service and support from a discount realtor. You’ll have more money in your pocket with the lower commission rate. Yet you might have to call sales leads yourself, handle your own open house, take phone calls from prospective buyers, and tackle other jobs alone.

Discount real estate doesn’t operate under the traditional real estate pay scale. Instead, agents take payment in these three ways:

• They’ll accept a flat fee for services.
• They’ll charge a discounted commission rate for the sale, like 0.6% instead of 2.5%.
• They’ll charge a flat fee or a percentage of the sale with individually priced services you can add to your initial service package.

This option might seem attractive and cost effective, but charges can add up quickly. If you’re not careful, you could unintentionally pay more for a la carte discount real estate agent services with less professional support than you would with a traditional real estate agency.

Limited Professional Realtor Services

The most common type of discounted real estate service is the limited-service agent. These realtors offer basic services for flat rates or a la carte fees. Their service ranges vary widely.

However, they may not work for anyone who wants to buy or sell a house. A lot of work goes into the home buying and selling processes.

Suppose you hire a discount company that offers the bare minimum services within their rates but allows add-on services. In that case, the amount you spend on their services can quickly exceed what you originally expected to pay. You will also likely deal solely with a customer support line instead of a dedicated agent you can meet with face-to-face.

Full-Service Discount Realtor Services

You may get full real estate services at a discount. Some companies boast smaller commissions with a broad range of services that you would typically get with a full-service real estate agency. Some agencies also provide premium services like paid digital marketing.

The lower cost of professional real estate services has a drawback. When you work with discount real estate agencies to sell or buy a home, they always look for ways to cut costs. Sometimes, that means limiting services, and in others, it means limiting service quality.

For instance, a full-service discount realty company could require you to work with a team of agents for different stages of the sale instead of a single dedicated agent. This could result in miscommunication, double paperwork, missed deadlines, and other problems if the team doesn’t effectively communicate or work collaboratively.

How To Know Which Property Agent Services To Choose?

If you prefer to handle your home’s sale by yourself from start to finish to maintain complete control of the process, you might benefit from discount real estate agent services. They can offer basic services like an MSL listing or home valuation at a reasonable price.

Yet traditional full-service real estate services work best for selling or buying a home. You’ll get a broad range of services and a dedicated agent to manage your entire transaction.

Courier jobs are one of the fastest-growing job categories in the world, and rightfully so. Not only do you get the flexibility and freedom of self-employment but you can also work with a wide array of clients, or just one. These options make it an ideal option for the nomad in all of us.

Courier jobs rose 26% just in the last year. Not only is there a high demand for these positions, but pay rates continue to rise in the wake of COVID-19. (Quartz)

What is a medical courier?

Medical couriers deliver medical documents, lab specimens, medications, test results, medical supplies, and other records across the country every single day. In many cases, the delivery of these resources is critical to saving lives and advancing medical sciences.

Medical couriers usually work as independent contractors, this allows them the freedom to manage their own schedule, and stay flexible in their work-life balance.

What does a medical courier do?

As a medical courier, you will be responsible for the pick-up and delivery of medical documents, lab specimens, medications, test results, medical supplies, and other records.

You will need to ensure that these items are delivered in a timely manner and maintain the confidentiality of the information that you are handling.

You may also be required to work with medical facilities, doctors’ offices, pharmacies, laboratories, and other medical organizations.

What are the qualifications for becoming a medical courier?

There is no specific educational background required to become a medical courier. However, many medical couriers have some experience in the medical or medicine industry. This could include experience working as a pharmacist, doctor, nurse, medical assistant, or other medical professional.

Common requirements to become a medical courier:

• Drivers must be 21 years of age or older
• Solid knowledge of the city you’ll be working in
• A registered, insured and inspected car, SUV, or van that’s less than 10 years old
• A current driver’s license and clean driving record
• Basic tech skills — you’re comfortable using a smartphone and apps

The majority of the US workforce meets these requirements, meaning there’s a lot of opportunity for you regardless of your background.

What skills benefit medical couriers?

There are several skills that you will need to become a medical courier.

The most important skill is being able to stay organized and efficient, as this will help you manage your time and workload effectively.

You must also be comfortable driving in different areas, as you will often be making deliveries to different locations.

Finally, it is important to have good customer service skills as you will be interacting with clients on a regular basis.

How much does a medical courier earn on average per year?

While medical couriers are paid per delivery, the average medical courier earns $30,000-$45,000 per year. (Glassdoor)

The amount you earn as a medical courier will depend on the number of deliveries you make and the distance you travel for each delivery.

Being paid per delivery makes courier services a great revenue stream for those who don’t want to wait two weeks for their next paycheck to come in.

What are the benefits of becoming a medical courier?

There are many benefits to becoming a medical courier. The most obvious benefit is that you will be able to work independently as your own boss. This means that you will have more control over your own schedule and the amount of work you take on.

You will also be able to choose the clients you want to work with, which can give you more variety in your work.

How to become a certified medical courier?

The first step to becoming a medical courier is to find a reputable courier company to work for. Once you have found a company, you will need to complete their training program and pass any required examinations. After you have been certified by the company, you will be able to start making deliveries.

How event management will help your next event

Are you thinking about organizing an event? Want to make sure that it is perfect? Have you ever considered booking event management to help? If you haven’t then this is probably because you think that you can organize everything on your own and in the past, this may have worked perfectly well. However, what you may not know is that it could be so much better. Want to know more? Let us explain to you how event management can help you when organizing your next event.

They make it less stressful

It goes without saying that organizing an event, no matter the type of size, it is going to be stressful. There is so much to think about, to consider and to plan for, so, you may find that over time it all gets a little overwhelming. The idea of hiring an event management company is that they can take on most of the stressful tasks, leaving you with very few worries about your event.

They ensure it runs smoothly

Despite the best planning, there are still things that can go wrong during an event. You may not be aware of the problems that can arise or the issues that can crop up. Which means that mistakes all too often happen, and you may not know how to fix them. Whilst an event management company cannot stop every single problem occurring, they can make sure that this has a minimal impact on the entire event and that it is fixed quickly.

They take care of the legalities

There are lots of legal requirements and guidelines that can go along with holding an event. You may be able to identify some of the things that you need to be aware of, but there is also a chance that you may miss some things. The problem with this is that sometimes this can cause a minor issue and sometimes it can be much bigger. Therefore, it makes sense that you always work with a professional company that deals with events, as they will be able to take proper care of all the legalities.

They have the right contacts

You are likely to not only need to book a venue for your event, but also entertainment, caterers and other suppliers. When you have an event management company working with you, you have all their contacts too. Not only does this mean that you will be getting the best quality, but it also means that you will be able to secure everything that you need, at a great price. This really is just the beginning of the reasons why you should consider booking an event management company for your next event. There are so many great reasons to hire an event management company. It could be to save you time and your money, or perhaps just make things a whole lot less stressful. Whatever the reason, find a professional event management company and let them help you to plan your next event.

Wedding planning is one of the toughest jobs in the events industry. It’s also one of the most important, as well as one of the most rewarding. Planners oversee almost every aspect of the wedding timeline. They’re in charge of doing everything they can to ensure that a couple’s wedding is everything they expect it to be ” and more.

Discover how to become a wedding planner in easy steps:

Establish clear-cut wedding planning goals.

The first step in learning how to become a wedding planner? Goal-setting. These goals will probably change over time, and that’s OK. But it’s important to head into any endeavor with a plan. Do you dream of planning celebrity weddings, a la Mindy Weiss? Maybe you want to work with venues in your hometown to give locals the day of their dreams. What if you want to travel the world and throw destination weddings on tropical islands and Italian lakes? The options are endless — it’s truly up to you!

Conduct industry research.

Once you have your goals, start researching how you’re going to reach them. To get started, form a list of questions you don’t know the answer to. How much money can I make? Are wedding planners in high demand? How can I get my first client? Just like goals, make it a priority to research the market before getting started. And this post is a great place to start!

Write a business plan.

Remember those Step 1 goals and the Step 2 research? A lot of that information can go towards writing your business plan. There are tons of resources and templates online to help, and we go into greater detail in a separate post, The Essential Steps to Starting an Event Management Business. Here are some highlights of what your business plan should include:

• Executive summary. Write down your goals and your mission statement. Map out why you think your business will succeed ” and how you’ll go about doing it.
• Company summary. Is the wedding planning business going to be just you, or do you plan on having a team? Include your backstory, location, and just about anything else you’d share on your website’s “about” section.
• Products and services to be offered. This is where you go into detail about what you are and aren’t going to offer. Plus, how much are you going to charge? Who do you consider your immediate competition? Don’t forget to establish ways that you can stand out.
• Market analysis summary. Explore who your target audience is and map out ways to gain their business.
• Strategy and implementation summary. Come up with a sales strategy, a sales forecast, and milestones you hope to hit.
• Management summary. This will vary depending on the amount of planning teammates you plan on having, if any. This section includes an organizational structure and a personnel plan.
• Financial plan. This section includes your anticipated fixed and variable expenses, marketing costs, taxes, etc. It also includes a break-even analysis, projected profit and loss, projected cash flow, projected balance sheet, and business ratios.

Create a marketing plan.

Whether you want to be an independent planner, part of an agency, or anything in between, your business will have a hard time taking off without the right marketing plan. Just like wedding venue marketing, wedding planner marketing is all about understanding what couples want and then reaching those couples on the channels that they use. Here are a few tips:

• Utilize social media. Pinterest alone brings in approximately 40 million people each year for wedding planning guidance. If you don’t already have a presence, make that a priority. And the same thing goes for Facebook, Twitter, Instagram, and LinkedIn. Post often ” but not just for the sake of posting ” and utilize relevant hashtags to reach more people.
• Start blogging. Whether this is a blog on your website or guest posts on various wedding blogs and magazines, this is a great way to gain recognition and use your voice to provide value.
• Leverage reviews and testimonials. A 2019 WeddingWire study states that, aside from price, reviews and photos are the “most important features couples look at when deciding which vendors to initially contact.” Give couples you’ve worked with an easy way to review your services, and be sure to share those reviews on your website and social media platforms.
• Work with publications. Getting featured in a local or national publication can provide a significant boost to your business. Reach out to outlets and pitch them on a unique angle.

Find the tools you need to be a successful wedding planner.

For this section, let’s take a look at a hypothetical scenario. Imagine that two people order the same dresser from an online furniture company. It arrives at their houses in three boxes, and there are about a dozen bags of screws, nuts, and bolts. Person A has a toolbox with a hammer, screwdriver, drill, and much more. Person B has nothing but their hands and some super glue. Which person is going to be more efficient in putting together the dresser?

When it comes to growing a business, it isn’t much different. That’s where Social Tables comes in. Our software can help grow your business in a variety of ways, and it’s used by professional wedding planners and DIY brides alike all across the world.

We researched several companies that offer similar services, and ultimately found Social Tables to be the best fit for us,” wrote Kate Turner of Kate & Company. “At any given time we could be working on over 100 different layouts. Social Tables offerings and customer service are second to none and that’s why they are the best fit for Kate & Company and our family of businesses.”

Additional useful wedding planning tools and software include Wedding Spot, Joy, WeddingWire, Carats & Cake, and Zola.

Start forging industry-wide relationships.

Whether it’s with venues, couples, vendors, or other planners, the importance of relationship building can’t be overstated. The opportunities that arise from networking are endless.

“Your business is going to thrive because of the relationships you build, now and throughout the next few years,” Any good business (in my opinion) started with relationship; a business partner, a first bride, a vendor team that meshed really well. It all started somewhere.

“Give yourself grace and time to make those connections. Sometimes you make 10 at once at an industry event and sometimes it’s a shot in the dark and an Instagram message to that photographer (whose) work you’ve admired forever! Reach out, because you never know what friendship might come out of it!”

Don’t stop learning.

Just about every successful person, no matter the industry, remains a student of their profession. Wedding planning is no different. There will be ups and downs, roadblocks, and never-before-seen scenarios. Look at those as opportunities to learn and grow.

Home Care Packages include different types of home care services and support. One of the most important types of support for seniors is personal care.

But what is personal care exactly?

Personal care services include help with daily tasks, self-care, and personal hygiene.

This aged care program helps elderly people stay independent at home. They can do so with tailored personal care services.

Are you wondering if personal care at home is the right solution for you or your loved one? If that’s the case, read this article to get all the necessary details on Home Care Package services.

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

Trying to understand the pros and cons of starting an errand service?

Here are all of the pros and cons of selling errand service online:

Pros Of An Errand Service

Cons Of An Errand Service

Respite care offers vital support for families and caregivers, providing relief, reducing stress, and improving overall well-being and care quality.

Caring for a loved one can be rewarding, but it can also be exhausting.

Respite care offers short-term support to give caregivers a much-needed break. It may take place at home, in a day centre, or at a care facility.

The goal is to provide relief while ensuring the person in care is safe and supported.

This service is helpful for many people. It supports caregivers tending to elderly loved ones or children with special needs.

Respite care can make a big difference. Just because you care for your loved ones doesn’t mean you should forget to care for yourself, too.

If you want to know more about the benefits of respite care, this article is for you. It will give you all the answers before you make your decision.

Respite care is primarily meant to provide caregivers with relief. But it’s also extremely beneficial for the care recipients.

This might be someone recovering from surgery or living with a long-term illness. Respite care improves their well-being and daily life in many ways.

This applies to:

1. Improved social interaction

Patients who receive care at home often become lonely. This is common for people with limited mobility or speech difficulties.

Respite care often takes place in group settings. Patients can take this chance to talk to others. This may include peers, caregivers, or group activities. This helps them feel connected and lifts their mood.

2. Varied daily routine

The same daily routine can quickly become monotonous. It can also affect your mood or motivation.

Respite care introduces different environments and activities. This keeps the brain active and the day more interesting. A more dynamic routine also helps reduce boredom, which supports a better quality of life.

3. Access to specialised care

Respite care providers are trained to handle a wide range of needs. This includes physical, emotional, and developmental needs.

Patients get support from people who know what to do. It helps them stay healthy and feel more secure. This doesn’t only support their ongoing health. It also makes their long-term treatment plans more effective.

4. Emotional stability

Primary caregivers may become stressed, tired, or overwhelmed. Their behaviour affects the patient. The quality of care may also suffer.

Respite care gives caregivers time to rest and regain balance. This, in turn, results in more patient and attentive support. Respite settings may also offer emotional support directly. It helps patients build confidence and feel safe and cared for.

5. Enhanced safety

Many patients worry about safety. This includes patients with memory loss or those who might have trouble moving.

Respite care ensures that patients are safe. They’re supported by professionals trained to look for signs of distress. This keeps the patient safe and brings peace of mind.

Benefits of Respite Care for the Elderly

When it comes to helping elderly people who need support, there are two terms we often hear: “home care” and “personal care.” These two terms might sound similar, but they refer to different types of aged care services for older Australians.

In this “Home care vs. personal care” article, we’ll talk about the most important differences between these two types of aged care services so you can be better familiarized with aged care services in general and decide which services would best suit your needs.

As seniors age, running routine errands becomes increasingly difficult. Many seniors struggle to drive safely as they age due to issues like vision problems, delayed reaction times, or cognitive impairments. But these seniors still need access to necessities like food, medication, and toiletries. That’s why errand services exist.

Caregivers who provide errand services allow seniors to maintain their independence, continue living in their own homes, and avoid a care facility. Errand services help seniors thrive. 

What are Errand Services?

Providing errand services is when caregivers help seniors perform their routine errands or do the errands for them. Errand services help seniors live their lives as usual.

Errand services typically include: 

• Grocery shopping
• Accompanying seniors to appointments at doctor’s offices and hair salon and on recreational activities to places like restaurants or movie theaters
• Picking up and delivering medications
• Picking up and dropping off mail or packages
• Delivering dry cleaning
• Dropping off meals 

Beyond errands, these services also include transportation. Whether the senior needs to attend an important doctor’s appointment or a social event, errand services help them arrive at their destination safely. They can do the things they would normally do without driving. 

Errand services help seniors live an independent, fulfilling life as they age.

The Positive Impact of Errand Services for Seniors

Have you been thinking about getting a caregiver to run errands for yourself or your loved one? If you have, you should know you’ll be making a positive impact. 

Ways errand services help seniors and their families:

• Removes the Risk of Driving. Providing errand services takes seniors off the road, so they’re no longer a risk to themselves or anyone else. 
• Prevents Injury. Errand services prevent injuries by getting seniors off the road and handling physically challenging tasks, such as carrying heavy groceries.
• No Getting Lost. When seniors age, confusion makes driving a daily struggle. They will often get lost, even when driving to a place they’re familiar with. Errand services remove the risk of seniors getting lost.
• Peace of Mind. When you rely on errand services for yourself or a loved one, your entire family will benefit from peace of mind. There’s no more worrying about the senior, but comfort in knowing they’re okay.
• Frees Up Time. Errand services give seniors extra time, which they can use to cook a healthy meal, get some cleaning done, or take a walk. Plus, if the senior’s family was doing a lot of the work, errand services also free up time for them. 
• Companionship. Loneliness is a huge problem for seniors, and it can negatively impact them mentally and physically. By being there for them, talking to them, and being their friend, caregivers who provide errand services positively impact the lives of seniors. 

Errand services provide many benefits to seniors and their families. But how do you know when to hire an errand service? 

When Seniors May Need Errand Services

When a senior needs errand services really depends on them and their unique situation. But some tell-tale signs indicate it is time to hire errand services for a senior. 

Signs it’s time to seek help include: 

• The senior has had a consistent, noticeable decline in independent functioning 
• You’re noticing the senior has new challenges getting around, such as more car dings and dents or falls
• You think the senior could benefit from extra support
• The senior has limited mobility

If you’re looking at these signs and recognizing them in yourself or your loved one, it may be time to start considering errand services. 

Choosing the Right Provider

Choosing the right errand service provider may seem challenging and overwhelming, but it doesn’t have to be. 

Tips for finding a provider that’s right for you:

• Perform Online Research. Look for reviews and customer testimonials online. These can give you great insight into errand service providers and how they treat their clients. 
• Ask a Trusted Friend. If you have a friend who has experienced finding an errand service provider for themself or their loved one, they’re a perfect person to ask. 
• Ask a Primary Care Physician. Your physician likely knows the best errand service providers in your area. Ask them for a recommendation.
• Consider Cost and Availability. Make a list of your favorite errand service providers in your area, plus all the recommendations you get. Then, go through and compare them based on cost and availability. Of course, you don’t want to overpay for these services, but you also need availability and reliability for you and your family. 
• Decide on a Compatible Caregiver. The caregiver you choose should be compassionate, kind, and empathetic. They also should naturally get along with you or your loved one. You can find out this information through interviews and conversations. Make sure the caregiver is compatible with your family.

The Philippines is home to 13% of the world’s virtual assistants (VAs), making it a key player in the global digital landscape. As the pace of business accelerates, leaders are continuously seeking innovative, efficient allies who can help them stay ahead of the curve. Virtual assistants have emerged as unsung heroes, quietly revolutionizing the modern work environment by tackling overwhelming responsibilities that, if left unchecked, could severely limit a company’s potential.

Picture a business environment where objectives and tasks align seamlessly, and every moment contributes to significant progress. This is the reality that virtual assistants bring to the table. They empower organizations to thrive, ensuring that time, money, and resources are optimized to their fullest potential. In today’s competitive world, such efficiency is no longer a luxury—it is a strategic necessity that can make all the difference in staying relevant and successful.

Now, imagine your business flourishing with this newfound control over your time, financial resources, and access to specialized expertise. This isn’t just an idealistic scenario; it’s an achievable goal. By embracing virtual assistance, you unlock the power to boost productivity, improve focus, and elevate overall business performance.

Join us as we explore the core benefits of virtual assistance and uncover why businesses worldwide are leveraging this powerful tool to achieve greater efficiency. Welcome to a transformative journey toward business excellence—where every decision is made with precision, and every action propels you closer to your goals.

10 Benefits of Virtual Assistance

Virtual assistance has become a cornerstone of modern business operations. By leveraging the skills of virtual assistants (VAs), companies can optimize processes, enhance productivity, and reduce costs. Let’s explore the top 10 benefits of virtual assistance and how it can revolutionize business operations for companies of all sizes.

1. Flexibility and Scalability

Companies experience ups and downs. Virtual assistants are flexible and can easily adjust to the ups and downs of your business. If you suddenly need more support during a busy period, VAs can scale up to meet those demands. It saves you the hassle of hiring and training new staff.

When demand spikes or workloads increase unexpectedly, virtual assistants can scale their efforts seamlessly, providing the extra support you need without the overhead costs and administrative hassle of hiring new staff

Example: During the holidays, Lorraine, an online store owner, saw increased consumer queries. She swiftly boosted customer service by using a virtual assistant, which guarantees her customers a seamless shopping experience.

2. Focus on Core Competencies

Entrepreneurs and executives often find themselves juggling a variety of tasks, from administrative duties to customer service. By outsourcing non-essential tasks to virtual assistants, businesses can concentrate on their core functions, ensuring that every action aligns with their strategic objectives.

Take, for instance, Nino, the CEO of a growing tech company. By delegating administrative tasks such as managing emails, scheduling meetings, and processing routine paperwork to his virtual assistant, he was able to focus more on high-level decision-making, networking, and building business strategies. This shift allowed Nino to make impactful decisions that drove the company’s expansion and success.

By focusing on what they do best, companies can drive growth and innovation without being bogged down by time-consuming tasks.

3. Improved Customer Service

Customer satisfaction is at the heart of any business, and virtual assistants play a key role in ensuring your customers are always heard and assisted. Virtual assistants can handle routine inquiries, provide essential information, and resolve customer issues, often resulting in faster response times and improved overall customer experience.

Janselle, who owns a service-based business, noticed a significant improvement in customer satisfaction after she integrated a virtual assistant into her customer service operations. The VA was able to address inquiries promptly, reducing response times and boosting customer loyalty. As a result, Janselle’s business saw an increase in repeat clients and a better reputation for customer care.

By ensuring your customers receive timely responses, virtual assistants help nurture long-lasting relationships that can ultimately lead to increased customer retention.

4. Innovation and Fresh Perspectives

Virtual assistants contribute a multitude of experiences and insights. Their exposure to various fields and responsibilities gives them a distinct perspective. Hiring virtual assistants brings fresh and innovative ideas to your company.

They can introduce you to new tools, strategies, and trends that may need to be noticed. It fosters a culture of continuous improvement and adaptability.

Example: Henry, a business owner, hired a virtual assistant with a background in digital marketing. The virtual assistant introduced new social media strategies and emerging trends, drawing in more customers and revitalizing the business’s online presence. The introduction of innovation led to a rise in brand awareness and interaction.

5. Enhanced Productivity

Virtual assistants can drastically improve productivity by streamlining tasks that would otherwise take up valuable time. Administrative duties such as answering emails, scheduling appointments, and managing calendars can be delegated to VAs, allowing business leaders to focus on tasks that drive growth and strategy.

Ron, a small business owner, hired a virtual assistant to manage his email inbox and appointment scheduling. As a result, he regained several hours each week, which he redirected towards business expansion efforts. Whether it’s meeting with clients, working on new projects, or brainstorming strategies, the extra time allowed Ron to focus on higher-priority tasks.

By offloading routine tasks to virtual assistants, businesses can achieve greater efficiency and maximize the time spent on strategic activities.

6. 24/7 Availability

In today’s globalized economy, businesses often operate across different time zones. Virtual assistants provide the ability to offer round-the-clock support, ensuring that clients and customers can access assistance regardless of when they need it. This 24/7 availability is particularly beneficial for businesses with international clientele or those operating in industries that require continuous support.

For example, Jonathan, who runs an online retail business, was able to provide 24/7 customer support by hiring a virtual assistant located in a different time zone. This ensured that customer queries were answered even during off-hours, leading to improved customer satisfaction and increased sales.

The ability to operate around the clock without adding the complexity of overnight shifts for in-house staff is a key benefit of virtual assistance.

7. Access to Specialized Skills

Virtual assistants come with a wide array of skills and expertise. Whether you need help with administrative work, marketing, design, bookkeeping, or customer service, you can find a VA with specialized experience to meet your needs. This access to skilled professionals without the cost of hiring full-time employees makes virtual assistants an invaluable resource for businesses.

Sam, the owner of a digital marketing agency, hired a virtual assistant with a background in graphic design. The VA was able to create stunning visuals for social media campaigns, saving Sam time and delivering high-quality content that helped elevate the agency’s online presence. By leveraging specialized expertise, Sam was able to improve the quality of his services and increase client satisfaction.

By hiring virtual assistants with niche skills, businesses can access top-tier talent without the need for long-term commitments or additional overhead.

8. Data Security and Confidentiality

Protecting sensitive information is a priority for any business. Virtual assistants are trained to implement strict security measures to protect client data and business information. Whether it’s personal details, financial records, or proprietary business strategies, VAs ensure that your data remains secure and confidential.

Paulo, a financial consultant, entrusted his virtual assistant with confidential client data. With the VA’s expertise in data protection protocols, Paulo was able to focus on client relationships and business development, knowing that the information was in safe hands. The peace of mind that comes with knowing your data is secure allows businesses to focus on growth without fear of breaches.

Virtual assistants offer reliable data security systems, making them a trusted partner for businesses that handle sensitive information.

9. Cost Savings

One of the most significant advantages of virtual assistants is the potential for cost savings. Hiring full-time employees comes with overhead costs such as benefits, office space, equipment, and training. Virtual assistants, on the other hand, work remotely and are typically hired on an as-needed basis, eliminating these extra costs.

Hanna, who owns a clothing line, initially struggled to manage administrative tasks on her own. By hiring a virtual assistant, she saved money that would have otherwise been spent on in-house staff or outsourced agencies. The VA took on routine tasks such as managing emails and processing orders, allowing Hanna to reinvest her savings into other areas of the business, such as marketing and product development.

The cost-effectiveness of virtual assistance allows businesses to allocate resources more efficiently, ultimately improving the bottom line.

10. Technology Integration

In the digital age, technology plays a crucial role in business success. Virtual assistants are well-versed in the latest tools and technologies, allowing them to seamlessly integrate new systems into your business operations. Whether it’s project management software, communication tools, or customer relationship management (CRM) systems, VAs can ensure that technology is leveraged for maximum efficiency.

Fred, an entrepreneur in the software industry, hired a virtual assistant who was proficient in project management tools. The VA helped streamline team collaboration, track progress, and ensure deadlines were met, ultimately increasing project efficiency and client satisfaction.

With their expertise in technology integration, virtual assistants can help businesses optimize their processes and ensure that they are utilizing the best available tools to stay competitive.

Errandables is Your Path to Virtual Excellence

Virtual assistants help businesses focus on their core duties and improve customer service. Their unique and innovative viewpoints boost development.

Imagine a day when your company grows strategically. Incorporating virtual assistance into your operations is the first step on this road.

Our team of skilled professionals and our proven track record will help us take your business to the top. Our virtual assistants are innovative and committed to your success.

Procurement has shifted from an administrative task to a strategic function that drives efficiency and value. With a third of businesses citing supply chain disruptions and inflation as major risks, Managed Procurement Services are gaining traction for streamlining sourcing and supplier management. Effective procurement now focuses on creating value, managing risks, and fostering innovation.

Understanding Managed Procurement Services enables businesses to leverage them for cost savings, risk management, and operational efficiency. Partnering with specialized providers allows companies to optimize procurement processes and focus on core competencies. This shift enhances procurement operations and positions businesses for strategic growth in a competitive market.

Sustainable procurement is becoming critical for businesses looking to reduce their environmental impact. While manufacturing often takes center stage, shipping and procurement contribute significantly to global emissions, accounting for over 20% of the total. Optimizing procurement strategies—such as improving logistics, consolidating shipments, and sourcing responsibly—can drive cost savings and sustainability without sacrificing efficiency.

Key takeaways

• Procurement outsourcing allows businesses to access specialized skills and resources, enhancing efficiency while enabling focus on core competencies.
• Key benefits include cost reduction, improved supplier management, and enhanced operational efficiency, leading to strategic advantages.
• Choosing the right procurement service provider and managing the transition effectively are essential for successful procurement outsourcing.

What is procurement outsourcing?

Procurement outsourcing services refer to business process outsourcing, where organizations hire external service providers to manage procurement activities. That’s why they are also called Managed Procurement Services. This practice enables companies to tap into specialized skills and resources that might be unavailable internally, regardless of size. The power of outsourcing allows organizations with fewer resources to accomplish as much work as those with larger in-house teams.

By outsourcing procurement functions, businesses can focus on their core competencies while leveraging the expertise of procurement service providers. This approach boosts efficiency and ensures that procurement processes are handled with professionalism and knowledge, leading to better outcomes and strategic advantages.

Common types of procurement outsourcing

Procurement outsourcing is a strategic approach where businesses delegate procurement responsibilities to external experts. The types of IT procurement outsourcing are:

Strategic procurement outsourcing

Strategic procurement outsourcing involves activities that require a high level of expertise and long-term planning, such as supplier relationship management and strategic sourcing. These tasks are crucial for developing and maintaining strong supplier connections and ensuring that procurement aligns with the company’s strategic goals.

Transactional procurement outsourcing

Transactional procurement outsourcing focuses on the day-to-day purchasing of goods and services. When handled by external providers, this type of outsourcing is often more efficient, allowing businesses to streamline routine procurement tasks and reduce operational costs.

Direct procurement outsourcing

Direct procurement outsourcing involves acquiring goods and services directly related to a company’s core business operations. This includes raw materials and components essential for production, ensuring the supply chain remains robust and efficient.

Indirect procurement outsourcing

Indirect procurement outsourcing involves managing non-core supplies and services, such as office supplies and IT services. By outsourcing these activities, companies can focus on their primary business functions while efficiently managing necessary support services.

Common procurement activities

Regarding procurement outsourcing, businesses often outsource complex activities to leverage external expertise and streamline processes. Some of the commonly outsourced procurement activities include:

• Sourcing: Involves identifying and selecting suppliers to procure goods and services, ensuring the best value and quality for the company.
• Supplier management: Focuses on maintaining and optimizing supplier relationships to enhance collaboration, performance, and reliability.
• Contract negotiation: This entails negotiating terms and conditions with suppliers to secure favorable agreements that align with business objectives.

Relying on third-party procurement providers, companies can access a vast network of suppliers. They can also utilize advanced supplier relationships and IT asset management software to manage interactions and performance effectively.

Key benefits of procurement outsourcing

Leveraging the latest technologies and specialized knowledge of outsourced providers can streamline procurement operations and enhance procurement outsourcing impact supply overall business performance. Here are the key benefits:

Cost reduction

Cost reduction is a significant benefit of procurement outsourcing. By outsourcing procurement activities, businesses can achieve considerable cost savings through volume leveraging and strategic sourcing. For instance, Transparent pricing model ensures no hidden fees, allowing businesses to understand their costs upfront and budget more effectively to reduce costs.

Leveraged knowledge and expertise

Another key benefit of procurement outsourcing is access to specialized knowledge and expertise. Procurement service providers possess extensive knowledge of categories and systems, which enhances procurement processes. SaaS companies need to focus on growth, and this expertise is particularly valuable for maintaining operations without in-house procurement specialists.

Enhanced efficiency and focus

Outsourcing procurement can significantly enhance operational efficiency by allowing organizations to focus on their core activities and reduce operational costs. For instance, Airmeet experienced a substantial reduction in procurement cycle time by hiring an outsourced team for procurement processes, enabling the company to reallocate resources to more critical business functions.

Improved supplier management

Effective supplier management is crucial for optimizing procurement processes and enhancing business relationships. Managed procurement service providers can improve supplier management by leveraging advanced IT software tools for relationship management. For example, Airmeet’s procurement outsourcing resulted in better supplier relationships and negotiation outcomes, which can significantly impact supply chain management.

Scalability and flexibility

Procurement outsourcing offers scalable and flexible solutions that can adapt to changing business needs. Transparent pricing model and global operations support scalability by allowing businesses to budget effectively across different regions. This flexibility is essential for companies looking to grow, and outsourcing impacts the supply chain.

Risks and challenges of procurement outsourcing

While procurement outsourcing offers numerous benefits, it also comes with its own set of challenges and risks. To ensure successful outcomes, businesses must navigate potential pitfalls such as loss of control, communication issues, and vendor reliability. Understanding these risks is crucial for companies to mitigate potential downsides and fully leverage the advantages of procurement outsourcing.

Loss of control

One of the main risks of procurement outsourcing is the loss of control over procurement processes. When procurement is outsourced, in-house teams must relinquish some power, which can lead to diminished in-house expertise and impact decision-making. To mitigate this risk, setting clear objectives and document expectations early in the relationship with the vendor is essential.

Communication and collaboration issues

Effective communication and collaboration are crucial for successful procurement outsourcing. Communication lapses can lead to misaligned expectations and outcomes. To address this issue, businesses can negotiate agreements that include specific reporting and KPIs, making it the supplier’s responsibility to track and report results.

Vendor reliability and performance

Vendor reliability and performance are critical factors in procurement outsourcing. Choosing the right vendors is essential to ensure high-quality outcomes. Vendors should be evaluated based on their experience, reputation, and alignment with business goals.

Strategic considerations for successful procurement outsourcing

Successful procurement outsourcing requires careful strategic planning to help your procurement team and enhance the procurement function. Identifying business needs and aligning them with strategic goals are crucial first steps to ensure procurement outsourcing right for procurement teams.

This section provides strategic insights for businesses considering procurement outsourcing, setting up the subsections on specific considerations.

Assessing business needs

Evaluating current procurement processes and identifying areas for improvement are essential steps in assessing business needs. Conducting a needs assessment helps determine specific procurement requirements and aligns them with business goals. Identifying gaps in existing procurement processes can highlight opportunities for improvement through procurement outsourcing.

Selecting the right procurement service provider

Selecting the right procurement service provider is critical for successful outsourcing. Providers should be assessed based on their industry experience, technological capabilities, and ability to meet business needs. Evaluating their reputation and alignment with strategic goals is also essential.

Enhances procurement outsourcing through the seamless integration of services and user-friendly technology. Thorough assessments of potential vendors ensure reliability and capability in meeting procurement needs.

Managing the transition

Managing the transition to an outsourced procurement model requires effective change management strategies. Engaging internal stakeholders and minimizing disruptions are crucial for a successful transition. Clear communication with the internal team ensures a smooth transition and helps maintain the continuity of procurement functions.

Establishing a dedicated transition management team can oversee the process and ensure service levels are maintained. Pre-planning sessions with both the customer and supplier help clarify the transition process and establish roles before the contract is finalized.

The role of technology in managed procurement services

Technology is crucial in transforming managed procurement services, enhancing process efficiency and visibility across the procurement lifecycle. AI, machine learning, and data analytics are essential advanced technologies that streamline tasks, improve transparency, and provide actionable insights for better decision-making.

Leveraging AI and ML (machine learning)

Artificial intelligence and machine learning are revolutionizing procurement by enhancing decision-making and optimizing various processes. for instance, uses artificial intelligence to power its real-time chatbot, which provides instant support to distributed teams and minimizes response times. Implementing AI in managed procurement services leads to increased efficiency, allowing teams to focus more on strategic activities rather than routine tasks.

Overall, AI and machine learning streamline procurement processes and enhance the accuracy of insights and supplier selection, driving business success. Using these advanced technologies, businesses can achieve significant cost savings, improve operational efficiency, and gain a competitive edge in the market.

Advanced analytics

Advanced analytics is critical in providing actionable insights that enhance decision-making in procurement operations. A healthcare provider, for example, enhanced procurement insights through data analytics, significantly improving supplier performance metrics. Successful adaptation to global market changes requires procurement organizations to enhance transparency, which is linked to improved operational effectiveness and supplier trust.

Businesses can save money through lower costs, better supplier deals, and fewer mistakes in procurement, thus improving their bottom line. Data analytics allows organizations to gain valuable insights into procurement processes, make informed decisions, and optimize their strategies.

7 questions to ask to develop a risk-free procurement outsourcing strategy

Creating a risk-free procurement outsourcing strategy requires careful planning and evaluation. Businesses can identify gaps in their procurement processes by asking the right questions, setting clear outsourcing goals, and aligning with specialized service providers.

1) What does your current procurement process look like?

Assessing your current procurement system helps identify areas for improvement and alignment with outsourcing needs. It allows you to understand your operational gaps and inefficiencies.

2) What specific outsourcing goals and requirements do you have?

Clearly defining your goals, such as cost reduction, efficiency, or expertise, ensures that the outsourcing provider can meet your expectations and align their services accordingly.

3) Are your service providers specialists in procurement?

Partnering with procurement experts ensures the provider can effectively manage your needs, from sourcing to regulatory compliance, while optimizing your supply chain and minimizing risks.

4) Have you clearly outlined the contract terms and scope?

Defining contract terms, including service levels, deliverables, and expectations, helps prevent misunderstandings and ensures both parties are aligned on goals and responsibilities.

5) Have you planned and executed the transition and transformation process?

A well-structured transition plan ensures a smooth shift from in-house procurement to outsourcing, minimizing disruptions and ensuring continuity in operations.

6) Do you have the ability to oversee and manage the relationship effectively?

Regular monitoring and clear communication with the outsourcing partner are vital to maintaining a strong working relationship, addressing issues promptly, and ensuring quality service delivery.

7) Are you prepared to assess and review the outcomes?

Ongoing evaluation through key performance indicators (KPIs) helps measure the success of the procurement outsourcing strategy, identify areas for improvement, and ensure long-term value.

10 core components of managed procurement services

Effective managed procurement services involve several core components that enhance efficiency in procurement activities. These components include:

1) Supplier management

Effective supplier management is about more than just building relationships; it includes monitoring supplier performance to ensure compliance with contracts and regulations. This involves ongoing oversight and open communication to enhance problem-solving and trust. Negotiation skills are crucial for securing favorable deals.

2) Spend analysis & cost optimization

Utilizing spend analysis helps organizations identify patterns in purchasing and uncover areas for potential savings. Conducting spend analysis helps organizations identify potential areas for savings and optimize their overall procurement expenditure. By analyzing procurement spend, organizations can identify areas for cost reduction and improve their budgeting strategies. Machine learning algorithms continuously analyze procurement data to identify patterns and adapt to changes for improved decision-making.

3) Contract management

Contract management is a crucial component of managed procurement services, as it involves ongoing oversight to mitigate risks and ensure adherence to terms throughout the contract’s life. Effective contract management requires a deep understanding of procurement regulations and market trends, allowing organizations to negotiate favorable terms and protect their interests.

4) Purchase order management

Purchase order management encompasses creating, processing, and tracking purchase orders efficiently, ensuring procurement operations run smoothly. Organizations can reduce lead times, improve accuracy, and enhance procurement efficiency by streamlining the purchase order process.

5) Procurement automation

Procurement automation involves utilizing technology and software to streamline purchasing processes, reducing the need for manual intervention. Automation can lead to significant cost savings, improved accuracy, and enhanced efficiency in procurement operations.

6) Strategic sourcing

Strategic sourcing is the process of identifying and selecting the best suppliers based on cost, quality, and reliability. Effective strategic sourcing involves analyzing supplier capabilities, negotiating favorable terms, and aligning supplier performance with organizational goals.

7) Risk management & compliance

Risk management and compliance are essential components of managed procurement services, ensuring regulatory compliance and mitigating procurement risks. Implementing robust risk management strategies helps organizations protect their interests and maintain a competitive edge.

8) Inventory & supply chain management

Inventory and supply chain management involves managing stock levels and logistics to prevent shortages and ensure the timely delivery of goods and services. Effective inventory management can lead to significant cost savings, improved efficiency, and enhanced procurement operations.

9) Invoice processing & payments

Invoice processing and payments are critical components of the procurement process, as well as handling supplier invoices and ensuring timely payments. Streamlining these processes helps organizations reduce errors, improve cash flow, and enhance efficiency.

10) Performance reporting & analytics

Performance reporting and analytics generate insights that optimize procurement decisions and enhance efficiency. Advanced analytics provides organizations with valuable insights, enabling informed decisions and better results.

Different models of managed procurement services

Various models tailored to a business’s unique requirements can be used to approach managed procurement services. These models include the functional design model, ad-hoc resource model, and category-based resource model. Each offers unique advantages that align with specific business needs and strategic goals.

Functional design model

In the functional design model, businesses determine which portions of the procurement process they wish to outsource, allowing for tailored engagement. This model enables companies to selectively outsource parts of the procurement process while maintaining control over sensitive areas.

Ad-Hoc resource model

The ad hoc resource model is ideal for businesses that require on-demand support for specific projects without committing to a long-term procurement strategy. This model provides flexible support, enabling businesses to adapt procurement efforts quickly to meet specific project demands.

Category-based resource model

The category-based resource model focuses on procurement outsourcing activities based on specific categories, allowing for targeted management and accountability. Segmenting procurement tasks by categories enhances specialization and results in measurable performance improvements.

Essential skills and experience for effective procurement

Effective procurement management requires expertise in several areas, including strategic sourcing, supplier relationship management, contract negotiation, and spend analysis. Procurement service providers with experience in managing global supply chains can also benefit from this.

Strategic sourcing expertise

Strategic sourcing is a critical component of managed procurement services. It encompasses the systematic evaluation of suppliers and the negotiation of optimal terms. Effective strategic sourcing requires deep procurement expertise, industry knowledge, analytical skills, and negotiation capabilities to ensure advantageous supplier agreements.

Supplier relationship management

Building and maintaining strong relationships with suppliers is key to ensuring reliable performance. Effective supplier communication is crucial for monitoring performance and addressing issues.

Evaluating managed procurement service providers

When evaluating managed procurement service providers, it is essential to consider their track record, reputation, and procurement methodology.

Providers like Empowering CPO offer tailored solutions that address each organization’s unique needs.

Track record and reputation

Assess a provider’s expertise through their track record and ability to meet specific needs. Potential providers should also be evaluated based on their operational capabilities, client satisfaction levels, and market reputation.

Client testimonials and industry ratings are valuable indicators of a provider’s reliability and performance.

Procurement methodology

Understanding a procurement outsourcing provider’s methodology gives insight into handling procurement operations and ensuring alignment with business objectives. Aligning the procurement outsourcing provider’s methodology with business objectives and values indicates a good fit.

Key factors include supplier management, risk management, compliance, and procurement data management.

While holiday homes have been a longstanding Australian tradition, leasing any type of home or apartment to holidaymakers for short-term stays is a modern trend made possible by Airbnb.

When the platform launched, it gave any dwelling the potential to be a hotel, and gave property owners an opportunity to earn more from their investment.

However, like everything, leasing homes to travelers for shorter stays can have its drawbacks. If you’re weighing up the best option for your investment in 2025, here are some things to keep in mind:

New regulations and taxes for short-term leasing in Australia

The regulatory environment for short-term rentals has become increasingly strict as the Government seeks to address Australia’s housing shortage and strata/local councils crack down on disruptions (nobody wants to live next door to a home that hosts bachelor parties every weekend).

Some recent developments include:​

• Victoria: Effective from 1 January 2025, a 7.5% levy has been imposed on short-term accommodations, encompassing platforms like Airbnb and Stayz. This measure aims to address housing affordability by encouraging property owners to transition to long-term rentals. Additionally, local councils have been granted authority to cap or ban short-term rentals in their jurisdictions. ​
• Western Australia: Short-term rental providers in WA are mandated to register their properties by 1 January 2025. While no caps on rental nights have been introduced, local governments are empowered to amend planning schemes, potentially affecting the operation of short-term rentals. ​
• Byron Bay, New South Wales: A 60-day annual cap on short-term rental accommodations was implemented in September 2024. This initiative has the goal of alleviating housing shortages and addressing homelessness concerns in the region, which is a hugely popular tourist spot.
• Capital Cities: The City of Sydney is currently reviewing the impact of short-term holiday rentals, while Brisbane has a local law that requires landlords to have a council-approved permit before they can list their home for short-term accommodation.

Before you decide to turn your investment into an Airbnb, check the rules in your area and even your building—you don’t want to find yourself facing a penalty.

Profitability of short term rentals vs long term rentals

When evaluating the financial implications of short-term versus long-term rentals, several factors come into play:​

• Short-term rentals: These can yield higher income during peak tourist seasons, especially in popular tourist spots and near city centres.

However, leasing a place on Airbnb requires a lot of work and expenses in terms of admin and logistics, cleaning and marketing. Additionally, income can be unpredictable due to seasonal fluctuations.

It’s fun to do the maths on the amount of money you’d earn with full occupancy, but you have to figure out how many nights per week you are actually likely to be booked, and account for the time and money required to manage bookings, furnish the place and keep it clean.

• Long-term rentals: A standard lease offers a consistent and predictable income stream with reduced management demands.

Occupancies typically span six months to a year or more, providing stability for you and your tenants.

Understanding profitability is important. Always run your sums with a worst-case scenario model so you feel confident you will be able to cover the expenses of holding your investment property.

Other factors

2025 may be the year you decide to switch from holiday letting to having traditional tenants. Some steps to help you make this decision include the following:​

• Check location-specific demand: Assess the demand for short-term versus long-term rentals in your property’s location. Urban areas may have consistent long-term rental demand, while tourist hotspots might offer lucrative short-term opportunities, albeit with extended quiet periods.​
• Do holistic financial planning: Account for levies, taxes and operational costs associated with an Airbnb or Stayz property (think about things like furniture repair, wifi costs, insurance and the expense of constantly replacing broken glasses, soiled sheets, etc). Ensure that projected income takes these ongoing liabilities into account.​
• Review the competition: Compare your place to similar properties in the neighbourhoo. It needs to stand out if you want it to be occupied more than it is empty.
• Look at local rental availability: If there is a surplus of short-term stay properties in your area but a lack of rental properties, you may be better off bucking the trend and choosing a long-term strategy.

Switch to long term rentals in 2025

Ready for the consistency of a regular, reliable tenant and the steady income this provides? It makes sense to work with an equally reliable property manager who will work proactively to maximise the value and returns of your investment so you are happy with your decision.