two hands shaking showing a hybrid business model

A hybrid business model is defined by the combination of different organizational models to produce products and/or services. Businesses have come to realize that outsourcing to virtual assistants is the best way to streamline operations, reduce costs, and grow business.

Importance of moving to quality hybrid business models

I knew the COVID-19 virus would force businesses to rethink their business model in order to stay afloat. But what I saw instead was that the best framework for business is to streamline operations, increase efficiency, and grow business. The framework focuses on outsourcing to virtual assistants.

This model is already evident. For example, there are more than 10 million virtual assistants employed worldwide.

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What is a hybrid business model?

A hybrid business model combines two or more existing business models and usually serves the same customer base.

Key Examples of Hybrid Business Models

The hybrid business model is unique because it takes two or more existing business models and combines them together. It’s like driving a car with two engines instead of one.

Three of the most common hybrid business models

1. Decentralized Business Model

Most common in large capital corporations

A decentralized business model can be a great way to increase innovation in large corporations. Decentralized models are often more affordable for small companies because they require less staff and infrastructure.

2. Outsourcing Business Model

This hybrid business model puts into practice what many small and medium businesses are already doing. However, some small and medium businesses still get confused on how to effectively use it.

Outsourcing makes the hustle better — because you’re not burdened with many/growing expenses that you’ll need to figure out how to cover and hit profit.

The outsourcing, or off-shoring, of work to companies that use virtual assistants is on the rise, especially in departments or industries with remote working capabilities. (Such as sales development, marketing, customer service, and general administration.)

Businesses should use this hybrid business model to their advantage because it’s the best way to streamline operations, increase efficiency, and grow business.

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3. Remote & Physical Business Model

In this hybrid model, the local workforce is used to maximize the efficiencies & benefits of both physical and virtual business practices.

businessman typing laptop with hud of icons and mod logo

The remote-physical hybrid business model can be a good strategy for companies. (Primarily for those who want to have a more efficient workspace & maximize overhead cost savings.) Workers in different locations can work together on complex projects. The virtual assistant business model is one of the most common hybrid models for US corporations.

Service industries use this business model to generate some product or service; then, outsourcing, off-shoring, or outsourcing is used to complete the rest.

Local & small businesses who are looking to incorporate this business model can see cost-effective operational efficiencies for their corporations.

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Important Effects

If you’ve been spending too much time answering calls, managing appointments, responding to emails, or falling behind due to other administrative tasks. A virtual assistant can boost your success in the following ways.

1. Increased flexibility

Regardless of the industry, you’ll experience periods that are incredibly busy, as well as slower periods. Your goals may also change throughout the year, impacting the types of tasks that need to be addressed. In order to achieve this level of flexibility, a virtual assistant is an ideal solution.

This strategy will allow you to pinpoint opportunities that’ll likely lead to increased productivity and growth. All while you continue to develop new growth ideas and strategies.

2. Cost-saving strategies

When considering hired help, it’s imperative that you compare the potential cost-saving benefits associated with a virtual assistant. When hiring a full-time employee, you’ll need to consider costs associated with onboarding, benefits, and other hidden costs.

In contrast, a virtual assistant can help you overcome busy periods without needing to pay someone during slower periods. Although you’ll still need to pay for their services, a virtual assistant is an investment — the type of investment that can significantly boost long-term revenue.

3. Enhanced efficiency

The old saying, “Two heads are better than one” could not be closer to the truth. When hiring a virtual assistant to address x, y, and z, those tasks no longer require your attention. Learning to delegate such tasks is one of the most effective ways to boost overall efficiency.

In addition, a virtual assistant can help you become much more organized so that you can easily access the files and documents you need when you need them. From bookkeeping to CRM management, a virtual assistant will provide the level of support you need.

4. Consistent customer service

Some weeks seem as though they hit you like a ton of bricks. As you try to catch up, prospective business is not addressed as it should be. Whether you are following up with last week’s clients or are sending out client documentation, you are wasting valuable time and resources.

In turn, your clients/customers are not getting the attention they expect — and your business could suffer. Virtual assistants can address all of your customers’ questions and concerns, all while you focus on driving your business forward.

5. Greater lead generation

Just imagine being able to grow your client list while you strengthen your relationship with current clients. Perhaps you have a contact list that you have not yet used for marketing purposes? If so, a virtual assistant could create an email or telemarketing campaign to gain more leads and in turn, grow your client list.

If routine, non-dollar productive tasks are steering your business into a rut, it’s time to eliminate these tasks off your plate. MyOutDesk has been serving business professionals across the country for 10 years, becoming one of the top service providers. After serving more than 5000 clients, we’ve branched out into the industries listed above. We’re here to help you scale, leverage, and grow your business.

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Innovation & Planning: Integrating Hybrid Business Models

Businesses are going to have to change in order to survive. The switch is already happening. In 2020 & 2021, most business owners report making a pivot in their business model. Hybrid business models are here to stay, and this dynamic is forcing many of us to learn a lot about efficiencies. All businesses need to get to a hybrid model in some way, shape, or form. This applies to any corporation, no matter the size of their business or the size of their budget.

In order to excel, businesses need to figure out how to offer more quality services & close more deals. In some cases, that means outsourcing. Many productive entrepreneurs & CEOs do business with virtual assistants. Using virtual assistant services is a good option for getting more work done in less time. Many business leaders choose virtual assistants to stay organized, complete the grunt work, and help with sales & marketing (SEO, inside sales, etc.).

The thing I like most about using virtual assistants in my business model is that I have more time to focus on the things that matter.

Further benefits of hybrid business models

CEOs have enough work to do on their own, so they need a way to get ahead. That’s what outsourcing is all about. It’s a good business model for any company that wants to stay competitive in the future.

  • Access to more human capital, while saving on costs.
  • Lower overhead, more profits & income.
  • More minds maintaining quality service, data, and overall brand.

Hybrid business models can benefit corporations because they can help companies to innovate easier. Corporations can be innovative in-house or through outsourcing. A hybrid model allows the corporation to try out new ideas without giving up control of its core business operations. Hybrid business models are advantageous for corporations in that they allow them access to a bigger talent pool and broader customer base.

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Envisioning of a New Reality for Your Business

Simply put, MyOutDesk equips entrepreneurs & marketing agencies owners with tools, strategies, and virtual employees – and when combined, businesses have a competitive edge and find growth while efficient systems and processes are put in place.

MyOutDesk proudly provides additional free business growth guides, books, and strategy calls.

See what we are about, and schedule a free consultation with us. We’ll take the time to learn more about your business and offer solutions to foster top talent and lower operational costs for your company.

Did You Know?  MyOutDesk’s origin story is set during the last global financial crisis of 2008. Yes, that’s right — our business started by scaling businesses with virtual assistants during a recession! Our first client in 2008 went from five to seventeen VPs with a completely revamped organizational model in short order, and he told MyOutDesk, “Our virtual professionals have shaved $250,000 off our monthly overhead.”

Focus on your growth & scale your operations

Envisioning of a New Reality for Your Business

Simply put, MyOutDesk equips entrepreneurs & business owners with tools, strategies, and virtual employees – and when combined, businesses have a competitive edge and find growth while efficient systems and processes are put in place.

MyOutDesk proudly provides additional free business growth guides, books, and strategy calls.

See what we are about, and schedule a free consultation with us. We’ll take the time to learn more about your business and offer solutions to foster top talent and lower operational costs for your company.

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