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Marketing During a Recession: How to Do it Right

Marketing, MOD Virtual Assistants, Vertical Markets

If you’re like most businesses, you’re probably feeling the heat of the recession. The cost of things we need continues to rise; from groceries to gas. As if the economic woes of a pandemic weren’t enough, we now have new trending pain points; inflation and recession. It’s times like this that businesses start looking for ways to batten down the hatches and weather the storm. This often means cutting expenses for anything seemingly non-essential, and the marketing budget is often the first to take a hit. But did you know that this is actually the perfect time to increase your marketing budget? Don’t believe us? How about a little history lesson.

The Struggle of Doing Business in a Recession

We know what you’re thinking; you just invested all of this money into sales and marketing, but you’re not seeing the results you’d like. You may be blaming your sales process, the state of the industry, or both. The easy answer seems to be to reduce those expenses until the ROI justifies a return to normal. It’s natural that a business’s first instinct is to protect itself from a downturn in the market, by trying to limit the financial hit it takes. But at this pivotal junction, there is no room for error. It’s imperative to make the right calls that will keep your business on track and prepared for every curveball the economy throws at it. It’s time like this we can learn from the past; how other companies have handled recessions and depressions before us. At our worst times who made the best moves?

History Lesson: Kellogg’s VS Post Cereal

In the late 1920s, two companies dominated the market for packaged cereal; Kellogg and Post. At this time, packaged ready-to-eat cereal had been around for a while but was still not seen by Americans as a lasting alternative to other breakfast options like oatmeal. When the Great Depression hit it was anyone’s guess what effect would be had on consumer demand for such a product. Post made the obvious choice to reduce expenses and cut back on advertising. Alternatively, Kellogg doubled its ad budget, by moving aggressively into radio advertising and heavily pushing its new cereal, Rice Krispies. A bold move to make at a time when Americans were going as far as to grow their own food and repurpose leftovers to pinch pennies. But, it worked. By 1933, as the economy cratered, Kellogg’s profits had risen almost 30 percent and they had become what they still are today; the dominant brand in their industry.

The Story of Sam

All of this reminds us of the story of Sam, a client, and friend who turned to us during a tough time for his business. Don’t get me wrong; he’s a rock solid businessman in the top 1%, with over 100 people on his sales team earning millions in revenue every year. However, on a check-in call with him recently I discovered that he has a big problem. Sam seemed hyper-focused on cutting costs, in the face of a rocky recession. That focus in itself isn’t entirely wrong, but it was clear that he was in fear mode instead of executing mode. And actions out of fear rarely see success.

His exact words were, “We’re seeing a softening of demand in our market and for our clients. And for this reason I’m very concerned about keeping costs down.”

The Right Key Performance Indicators

This was a red flag, as it reminded us of what happened to Kellogg and Post. Of course, when the economy takes a hit, saving money is a smart move; there’s no denying that. But what’s equally important is how you save that money. Because if you don’t make the right moves, your business could end up worse off than it was before the crisis. When everything is up, mistakes are ok because the margin for error is greater. During a recession, that margin closes considerably, and your moves require a higher level of intention with a focus on downside risk. Everything must be extra calculated, and unfortunately, Sam was not calculating much at all. His marketing and lead generation weren’t systematic and didn’t have any good KPIs. This leads to lower quality leads, overspending on those leads, and ultimately lower profits for the business owner.

Sam didn’t have a leader that measures sales activity, like conversions tied to a lead and sales stages moving buyers through their sales process. He was only measuring the final results and not the work that led to it. Activity is just as important as the end result. Without a leader measuring the effectiveness of the sales team, Sam was making irrational decisions based on fear and thus setting himself up for failure. Rather than assuming that less advertising was needed and cutting costs there, he should have done a sales audit. Doing so can help you target what’s working and what isn’t working, and redirect your focus accordingly. Move those expenses(rather than cutting them) to the efforts that gain you market share.

What You Should Do During a Recession

During a recession, it’s important your brand stands out among a sea of other brands trying to lay low. This is the time to invest in marketing, not downsize it. Research shows that these times are economical opportunities to strengthen your brand by going against the tide. But not everyone has the cash on hand to increase just any budget during a recession, which is why it’s important to be strategic about exactly what you focus on. Like we said above, focusing on the wrong moves without the data to support them can lead to disaster. Many studies have been done on the hot topic of marketing during a recession, and the findings have been controversial in some cases. Some studies found lower long-term advertising sensitivity in a recession, which calls for reduced spending, whereas others found the exact opposite.

The Studies Behind Marketing During a Recession

These contradicting findings are not surprising if you look at what determines an ideal advertising budget: 1) the unit contribution margin, 2) expected sales, and 3) the advertising elasticity. Lower expected sales in a recession would justify a reduced budget, but in which direction the advertising elasticity changes isn’t always clear. The elasticity can go up if competitors cut back on their advertising, making it easier to obtain the same audience with less money. Also, the cost of advertising may drop due to lower demand for advertising space, leading to a higher return on investment. Lastly, a brand’s value proposition may be especially attractive in a downturn, leading to a higher elasticity compared to your competitors.

Therefore, the optimal spending in a recession depends on the extent to which an increase in a brand’s advertising elasticity can offset an expected decrease in demand. One lesson here is that during times of recession, people are looking for bargains and deals. This is your opportunity to attract new customers with aggressive marketing, albeit very targeted and data-supported marketing. So don’t be afraid to spend a little extra on marketing during a recession – it could be the best decision you ever make.

We Survived So You Can Thrive

We know the shoes you’re in right now, because we’ve worn them ourselves. MyOutDesk got its start during the global financial crisis of 2008. Hell of a time to start a non-essential business. Except we learned that we are essential; for other businesses. Small, medium, and large businesses; ones just like yours. Businesses hit by some event outside of their control, trying to find ways to strategically survive and return to some form of normalcy when the dust settles. The MyOutDesk goal isn’t to survive but to thrive. Our virtual assistants have made that possible before, by allowing businesses to increase marketing efforts without breaking the bank on new hires. A higher quality of more focused, data-driven marketing by experienced professionals. Marketing efforts are fine-tuned to play to your strengths at a time when that can be the difference between here today and gone tomorrow.

Inflation won’t wait for your business, so what is your business waiting for? Schedule a consultation today and let’s see what we can do for you. It’s a free call, where we’ll answer any and all questions you have about the service we provide. Normally we’d say “you have nothing to lose”, but that’s not true right now. Time is what you’re losing, every day you don’t make the right moves for your business. And time is money, so let us help you save both.

Experience The Difference
MyOutDesk can save you up to 70% on employment costs
Claim a free business strategy consultation & ‘Grow Virtual’ Guide

July 6, 2022/by Dan Trujillo

The True Cost of Inflation (Virtual Assistants Give You a Discount!)

MOD Virtual Assistants

“This is my letter of resignation.” Those are tough words for any leader to see come across their desk under any circumstance. Let alone with a recession looming! We’ve talked here about the so-called “great resignation” several times already. However, that’s kind of a vague oversimplification of a very real problem. What we’re talking about here today, is a very clear and present danger to the professional world. It doesn’t have a cute name that makes for a clever article title, it’s just called inflation. And it’s costing you, valuable employees, whether you realize it yet or not.

MyOutDesk realizes it. In fact, we’ve been helping businesses scale up in ways that specifically counter inflation since 2008. There are three specific pain points that many businesses encounter, even more so during times of inflation, which lead them to services like ours. We’re proud to be able to provide a quality of service that empowers companies to scale up in such a way that it practically makes them inflation-proof. Even when pricetags get as high as they are today. So let’s talk about how virtual assistants from MyOutDesk can give you a big discount on the real cost of inflation. Here are three of the most common pain points growing businesses face, along with our proven solutions to each.

Pain Point 1: Local Employees Want Better Compensation

According to a recent LendingClub report, 64% of Americans are living paycheck to paycheck. Even those earning six-figure incomes are feeling the pressure of inflation! As 48% of those households also claim to be living paycheck to paycheck right now. It’s easy to see that as the cost of living rises, so too does the stress of keeping up with it. Wanting better pay is the leading cause of resignations. No one wants to devote their loyalty and hustle to a company that doesn’t make them feel valued and important. Of course, it’s not as easy as it sounds, to just snap your fingers and give everyone on your team a raise or a big bonus. But what if it was?

Solution:

Hiring a virtual assistant from MyOutDesk can save you up to 70% of the cost of a traditional local hire. So you get the same quality of employee; experienced, educated, passionate and reliable, and English-speaking. But at less than half the cost of the same professional locally. Not to mention when you’re hiring a remote working assistant who is in another country, you get more flexibility with hours. You could have two assistants doing the same job it’d take 3 or 4 people to manage in your own timezone. That’s a lot of money saved! This means more money to reallocate where you deem most valuable; like your local team. Imagine saving so much while still growing your productivity, that you can give your local team a competitive raise and a little thank you bonus. That’s how you keep people happy.

“Virtual Assistants are key. Without VAs, it limits us and we have more responsibilities in-house. A VA is significantly more affordable to the business pattern. We get more value for the price.” – Charles Pulliam and Olivia Cooley of the Olivia Cooley Group, at Keller Williams Realty.

Paint Point 2: Local Team Feels Overwhelmed and Burned Out

American workers across the board saw increased rates of burnout in 2021, according to APA’s 2021 Work and Well Being Survey. About 26% of the employees surveyed reported negative impacts of work-related stress, like motivation or energy. While 32% reported being emotionally exhausted, and a shocking 44% reported physical fatigue. If a job is wearing you out, and it’s not paying you enough anyway, why keep putting up with it? Most aren’t, and they are leaving their positions in record numbers to find something better or start their own business. While that’s commendable for the individual, it’s leaving managers feeling stressed and cynical. So not only are you losing the employees that make up the foundation of your business, but you’re squeezing out the leaders and specialists too. For a lot of these people, a pay bump isn’t going to cut it. For them, their mental and physical health is just as, if not more important than the cash in their pocket. Often times even being paid well is still not enough justification for the physical and mental toll a stressful job takes.

Solution:

Adding a virtual assistant(or two, or three) to your team not only saves you money, but it helps you get more work done in more efficient ways. So many tasks at your business can fall under the term “busy work”, and can be done remotely(even some high-level responsibilities can still be outsourced). A lot of these tasks are being juggled by people you hired for more specific talents and abilities. By outsourcing that busy work to one or more virtual assistants, you lighten the load for your local experts. Free them up to focus on the specialized tasks you hired them for, while still knowing those other tasks are being perfectly handled. These can be entire departments you begin outsourcing, like administrative and customer service. Or they can be sub-tasks inside your busiest departments, like billing or marketing. Coupled with solution one above, the possibilities are staggering. Imagine telling your local staff that they have less to worry about and they’re getting a cost-of-living raise! You pull that off and they’re not going anywhere.

Virtual assistants were able to do the job that the local people were able to do … AND they actually raised the bar! – Mihran Berejikian, President of Belami, Inc(e-commerce)

Pain Point 3: Finding the Right People is Difficult and Time-Consuming

Researchers from LinkedIn’s Economic Graph team analyzed the profiles of 400,000 confirmed hires on their platform between June 2020 and March 2021. They were determining which jobs take the longest time to fill across 15 different industries. Technical positions in research, finance and IT take on average about 46 days to fill. The shortest time-to-hire was administrative, and that was an average of 33 days if you’re lucky. So on average, it takes at least a month+, if all goes perfectly well, to fill a job position. As you know, one business quarter is three months. So it takes about half a quarter at best to hire one person. That’s not very productive! And that’s also not to mention turn-over. Imagine spending all of that precious time bringing someone on, only to lose them shortly after and have to start the process all over again. Not only are you wasting valuable time and resources, but you’re also fueling pain point 2 above. Your recruiting and HR teams are going to burn out quickly, and then you’ll be rushing to fill their roles in addition to the roles they themselves were trying to fill. Yikes.

Solution:

The average time it takes MyOutDesk to provide a client with a perfect match for their needs is less than a month. That’s right, just a few weeks at most, and sometimes even less. This is because our ever-growing pool of professionals is already interviewed, vetted, and assessed by us before they ever reach you. We know what they’ve done before, what they can do now, and how well they can do it. You tell us the role you need to be filled and we give you 3-5 qualified candidates handpicked just for your needs. Our virtual assistants are experienced, trained, and often educated to the same level of qualifications as any US-based hire. They also speak fantastic English, and they’re all hungry for opportunities. They’ll bring their own knowledge to your team while learning your specific processes quickly and thoroughly. You can be up and running with a virtual assistant in almost half the time it would have taken with someone locally.

“Three of the four interviews you guys provided were very hireable. Typically out of 15 candidates you’re lucky if 2 are that hireable. We were picking from the best, rather than wondering if any of them would really work out.” Brandon Burg, Founder, and Attorney at the Burg Wynn Law Firm.

Conclusion

Those three common pain points are not exclusive to times of inflation. Compensation, workload stress, and professional matchmaking will always be speedbumps on the road to success. At a time when the world is experiencing multiple hurdles, inflation being just one, these issues become amplified. A speedbump becomes a brick wall. And right now time and money are of the essence more than ever. Businesses can’t afford unnecessary speedbumps let alone brick walls in their path to sustainable, ever-growing success. A MyOutDesk virtual assistant has been the saving grace for thousands of companies for over a decade, especially during times of turmoil and uncertainty.

If you want to more about how we solve these problems for businesses just like yours, or if you have any questions or concerns, we’d love to hear from you. You can use the link below to request a consultation with one of our experts. They will hear you out first, understand your concerns and needs, and determine if we’re even the right fit for you. If so, they’ll pitch a plan involving one or more virtual assistants to get you started. No pressure, no obligations. If you want to make your business “inflation-proof”, the choice is yours.

Experience The Difference
MyOutDesk can save you up to 70% on employment costs
Claim a free business strategy consultation & ‘Grow Virtual’ Guide

June 22, 2022/by Dan Trujillo

Wasting Time and Money – The True Cost of a Bad Hire

MOD Virtual Assistants

Would you agree that the only thing worse than trying to recruit the right person is trying to keep the right person? Imagine spending all of the time, energy, and resources to find that ideal fit, only to lose them shortly after and have to start the process all over again. No one wants to go through that, especially after finding out that they don’t even have to. Well, that’s what you’re finding out right now. With a MyOutDesk virtual assistant, you don’t have to go through that, ever. We go through it so that you don’t have to. And that’s what we’re going to cover here; why and how you can stop wasting time and money trying to find that perfect fit. Because we already did, and they’re ready to work for you right now.

Just The Facts

The average time to hire in the US is 43 days, in other words almost two months. The average length of time to go from requesting a MyOutDesk virtual assistant to having one at your disposal, ready to work; is 14 days or less. That’s less than half the time. How do we do it? Let’s take a quick look at our process…

Our Recruitment

The professionals apply through our careers page.
We schedule them for an exam, specific to the field they applied in.
Our recruitment specialists review the completed exams and make their selections.
Those selected are scheduled for a Zoom interview with a recruiter.
If approved, they are scheduled for a 2nd/final interview with a manager.
If selected for hire, we begin the next phase…

Verification and On-boarding

Verify all provided references(3 professional, 2 personal) with FBI-grade background checks.
Verify their identity and location.
Run a system check of their computer and home network to ensure it meets our standards.
Place them in a pool categorized by experience and skillset. Ready for work.

Did you know that MyOutDesk gets an average of 150 applications per day? Compare that to our current pool of 200 available virtual assistants. Goes to show that we can have plenty of professionals ready to work for you, while also making sure they’re up to our standards first. Ensuring that they not only can do what you need but that they’ll stick around doing it! It’s a win/win for any growing business, even yours. Just look at what they can do for you!

Training Day

Clark Sandlin is a business owner who saw the value of outsourcing done right and has been using two of our virtual assistants. And just this week he added a third to his team! One of the most common concerns we hear from interested clients is regarding the onboarding process. People worry that training their virtual assistants remotely will take extra time and be less effective. The truth is our professionals are verified to be experienced, tech-savvy, strong English speakers, and fast learners. They’re often familiar with the same platforms used across various industries in the US. So they can jump in and hit the ground running after just a bit of education on your own processes. It’s all part of the benefits of a blended business model, which we cover in greater detail HERE if you’d like to learn even more.

“Our MOD virtual assistants finished their internal training and SOPs in 2 days, while our local team hires typically take 2 weeks.” – Clark Sandlin, President, and CEO of Zyrka

Treat Yourself (and your business)

Reap the rewards of our hard work. Get yourself a virtual assistant to take care of your day-to-day busywork, while freeing yourself up to focus on the higher value tasks you actually want to do. You can skip the headaches and have a reliable, experienced, educated professional at your disposal in a matter of days. Remember; the two most valuable things you have are time and money; a bad hire wastes both. A virtual assistant from MyOutDesk comes with a talent-match guarantee. And in today’s volatile hiring market, guarantees like that are even harder to find than decent gas prices!

Click here to request a consultation with one of our experts. We’re always available to answer questions and discuss concerns. If it looks like a virtual assistant is even a good fit for your growth needs, we’ll pitch a plan for you to consider. No obligation, no catch. Your success is literally our success, so let’s see if we can be successful together!

Experience The Difference
MyOutDesk can save you up to 70% on employment costs
Claim a free business strategy consultation & ‘Grow Virtual’ Guide

April 21, 2022/by Dan Trujillo

The 2022 Economy – Business Owners Fight Inflation with Virtual Assistants

Financial Planning, MOD Virtual Assistants, Real Estate, Technology, Vertical Markets

Is your business economy-proof? We ask because things are pretty unprecedented these days, and the economy, in particular, is very tumultuous. Companies are imploding as often as they are exploding, as material shortages and a labor crisis continue to plague our nation even more than the actual virus is. Speaking of which, on the road to America’s recovery is a speedbump called Omicron. The COVID-19 variant is adding drama to our economy just as much as it is our personal lives, and has been since December. Now that we’re firmly into February of 2022 we can see the effect it’s already had so far. The depth of its impact will be apparent soon when we review the data for Q1. But don’t wait for statistics and data after the fact to take whatever next step your business needs. Especially since one of those steps should be hiring a virtual assistant!

Help wanted!

The White House Council of Economic Advisers reported recently that the number of jobs added at the start of 2022 will be unusually low. The low availability of job opportunities contrasts with the growing “great resignation” we’ve reported on already. If professionals are leaving their positions in record numbers, why is the number of available jobs decreasing rather than increasing? Part of that could be because a lot of quitters aren’t just quitting work entirely; they’re jumping ship for greener pastures. Newer generations are setting high expectations for the companies who’d like to employ them. Perhaps on the flip side, businesses are raising their expectations of prospective employees to match their own efforts. This makes for a complicated and unstable job market.

“The ADP Employment Report, which tracks private payrolls, showed an unexpected drop of 301,000 jobs in January.”

Since December the continued pandemic has resulted in millions of people calling in sick to work, staying home to care for someone sick in their family, or even just coming in sick. Being as Omicron is highly contagious that last example doesn’t bode well for our nation overcoming this pandemic anytime soon. But it’s not all doom and gloom! There is good news on the horizon; claims for unemployment have been dropping from their record highs as of late. A small improvement that represents gradual healing in the US. And Omicron rates are also dropping and are expected to continue dropping according to researchers at Washington State University. The data shows a much shorter incubation period for the variant and shorter times spent in the hospital recovering. There is light at the end of the tunnel.

Where Are You?

What does this mean for your business? Maybe you’re trying to make life better for your employees so they don’t jump ship. Maybe you’re struggling to find reliable, qualified professionals for your available roles. Or maybe that’s all good for now and you’re just wary of the cost to run your business in the face of inflation. Whatever place your business is at, finding ways to enrichen your internal culture while being more productive and cost-effective at the same time is imperative. This is the perfect segue into the value of utilizing virtual assistants for scaling and maintaining a business. Every business is full of tasks that while not immediately dollar generating, are nonetheless equally important to your success. No one sees the foundation of a building, but it’s there and without it, the building couldn’t stand.

Act Now, Save Now

This is when outsourcing those tasks that can be done remotely becomes so attractive. Don’t waste time combing through piles of unqualified applicants, conducting boring interviews, and throwing money at potential disappointments. At MyOutDesk we hire experienced, skilled, and often educated professionals who can at least match if not exceed the same value of a local hire. We keep a diverse pool of assistants, ready to match just about any business need. Marketing, customer service, sales, administrative duties, finances; the list goes on. By saving you up to 70% of the cost of a traditional hire, you’re free to allocate more funds to your local efforts. Strengthen that workplace culture, keep employees happy, spend more on marketing, whatever your heart desires. All while receiving not just the same level of professionalism you’re used to, but even better due to our proprietary time-management software and tight-knit community of virtual assistants.

Don’t waste your time and your money. Reach out for a consultation and we’ll explain how we save you both. No obligation, no pressure, or risks. Just a friendly chat to better understand each other and see if it’s a good fit for either party. Let’s get ahead of this economy by being successful together. Click the link below to request a consultation with one of our experts.

Experience The Difference
MyOutDesk can save you up to 70% on employment costs
Claim a free business strategy consultation & ‘Grow Virtual’ Guide

February 16, 2022/by Dan Trujillo

Key inserted on a door with a house keychain

Housing Prices at All-Time High: When’s the Drop?

MOD Virtual Assistants

In 2018 I was convinced that the time was right to stop renting, and start owning. I had no idea how right I was, considering the direction our world went just a year and a half later. At the time I was living in a nice little apartment in what we call the midtown area. I was close to restaurants, bars, shops, public parks, and friends. But I had this feeling I couldn’t shake, that if I didn’t become a homeowner soon, I’d regret it. Within a couple of months, I had purchased my first house. I had given up the youthful vibe in midtown for a quiet neighborhood across the river. I was still close to work, and a few friends who had taken the same plunge. But gone were the short walks at night back from the bar, and the short walk the next morning to mend my hangover with coffee. But I was content with that because I felt like it was the smart move in the long run. Boy oh boy was I right about that.

[Grab a FREE Strategy Call Here]

Then and Now

It’s now the tail end of 2021 and the estimated cost to buy this same house(if I were selling) is almost $100k more. The housing market in the US continues to rise. In September a report was published by S&P Dow Jones Indices (S&P DJI). It revealed that housing prices in the US continue to rise. In fact, July of this year was the 4th consecutive month in which the growth rate of housing prices set a record. Twenty cities were reviewed, and the data showed a 19.9% year-over-year gain. Seventeen of those twenty cities reported a higher price increase as of July 2021 versus the same time last year. According to Craig Lazzara, Managing Director and Global Head of Index Investment Strategy at S&P DJI, “July’s 19.7 price gain for the National Composite is the highest reading in more than 30 years of data.”. It’s also worth noting, that New York, Boston, Charlotte, Cleveland, Dallas, Denver, and Seattle recorded their all-time highest 12-month gains. Something is happening to the housing market, that seems great on paper. But under more scrutiny, it may be cause for concern.

Cause and Effect

On a long enough timeline, these price increases might seem natural and make sense. After all, real estate is typically one of the safest bets there is, right? But this much growth, so fast, is anything but natural. So what’s caused it? A popular theory that was gaining traction at the start of 2021 has been all but confirmed thanks to the results of that report. That it’s being driven in part by a reaction to the COVID pandemic, as buyers move from urban apartments to suburban homes. This makes a lot of sense when you think about the various reasons why a global pandemic might be moving people to leave their apartment and buy a house. Here are just two big factors I can personally attest to…

[Grab a FREE Strategy Call Here]

Cost

Not long after settling into my new house, I heard from friends about their rent going up back in my old neighborhood. This news repeated itself the next year, and I found myself thankful that I was locked into a set mortgage payment of my own. When the pandemic hit, much like many others, I experienced financial difficulties. Thanks to COVID assistance regulations I was able to essentially pause my mortgage payments temporarily while I figured things out. My friends renting expensive apartments weren’t so lucky. There was no pausing their rent because their landlords couldn’t pause all of the expenses they incur from running a rental property. I couldn’t help but wonder how far up the (expletive) creek I’d be if I were still renting when all of this went down. No doubt people who hadn’t already made the move to own were in that creek, struggling to swim. For those lucky enough to make it out and get back on their feet, I’m sure they immediately began planning how they can never be in that position again. Owning their own home suddenly began sounding like a really good idea.

Comfort

How many people do you know that went stir crazy, cooped up in their apartment for an entire year? Or worse, their studio, or even just a bedroom in a shared space? I can’t imagine. I struggled with feelings of claustrophobia myself, and I’ve had an entire house to stretch out in. So set cost aside, and imagine for a moment being confined to a small living area, one you might even share with others. A small area that now serves as your all-in-one refuge, for work, play, eat, sleep, etc. People got sick of being in that predicament real fast! So when the dust started to settle, and hope shined through, one of the first things on their minds was “I need my own space, and I need more of it”. People renting a room with other people suddenly had a strong desire to not share their bathroom, kitchen, living room, etc. People with their own apartment suddenly wanted a backyard and a garage to call their own. Hence, the migration from rented spaces to owned properties. Owners and agents saw this exodus coming, and now the market is reflecting this amplified desire to own our own spaces.

Questions With No Answers

But will it last? Are we in a bubble, and if so when will it burst? Or will it just keep growing and there will never be a better time to buy? We can’t answer these questions with certainty because there are too many other questions. Is COVID going away for good? Will things return to how they once were or is this truly “the new normal”? And what of those rumors of an impending financial crisis? Our own president has recently warned of inevitable hardships. The stock market and its effect on our economy have never been so publicly scrutinized. How will all of these factors affect the housing market in the months and years to come? It’s easy to say time will tell. But as Bob Dylan once said, “the times they are a-changin’”.

The Future is Bright with Virtual Assistants

If your business is experiencing growth, despite these wild times, you may want to make yourself future proof. The real estate industry is on fire right now, and brokers are feeling the heat. Overworked, stressed, questioning everything, and trying to keep up! They need support. One of the best ways to support a professional is by hiring a virtual assistant. When we’re not reporting and discussing important topics like the growing housing market, we’re supporting growing businesses. With proven, reliable, highly skilled virtual assistants at competitive prices. To learn more simply follow the link below, and request a free one-on-one consultation. We’ll hear you out and understand what you need, and discuss how we might be able to help.

Experience The Difference
MyOutDesk can save you up to 70% on employment costs
Claim a free business strategy consultation & ‘Grow Virtual’ Guide

October 6, 2021/by Dan Trujillo