Remote work is on the rise, and for a good reason. Some companies are still not inviting workers to return to a traditional office environment, And, some businesses have decided that employing remote workers can bring more productivity to the team, as well as cut down on overhead costs.
With the market becoming more “global” with each passing day, digital nomads have a plethora of opportunities, work-wise. The conditions are equally beneficial for entrepreneurs and freelancers, who can choose from a wide variety of skill sets without having to limit their choices based on a company’s location… and that’s only the tip of an iceberg.
The main benefits of running a remote business include low costs, high offer and demand, competitive recruiting packages, and the freedom to run a business from literally anywhere in the world.
Hiring a Remote Team
Once you know exactly what you’re looking for, it’s time to hire people to do the job. There are many ways to go about it, depending on the type of employment you are offering. Normally, there are two main categories: contractors and freelancers.
Digital contracts are all the rage these days, which explains why many international businesses choose this way of doing things. With digital signatures being a legitimate choice, there are no boundaries when it comes to scouting talent.
Freelancers are also a legitimate choice, especially if you need a large number of employees. They are to be found everywhere, with the most popular hiring spots including UpWork, Fiverr, Hubstaff, etc.
Traits to Look for in Remote Employees
Many employers rely on feedback and past work experience – pretty similar to the traditional way of hiring people. However, it all depends on the skill sets you are looking for. For instance, if you are setting up an engineering firm, you will look for people available for long periods of time and willing to travel to target locations.
If projects are deadline-based, you’ll want to hire responsible and reliable people with a proven track record of finishing projects in a timely manner.
Hiring a remote team does not differ greatly from hiring people for an office in that regard, with one exception: it is easier to keep track of separate teams online.
Managing a Remote Business
Communication is the single most important prerequisite for running a remote business successfully, even more so if your team is scattered across the world. And because the beauty of doing things remotely lies exactly in that fact, this is a crucial component.
Numerous tools and apps are available to help communication run smoothly, with some notable examples including GoToMeeting, Slack, Asana, Zoom, and instant messengers.
As a team leader, you absolutely must maintain strong communication throughout the workforce, by setting the example of how to communicate efficiently. That isn’t to say that all employees need to attend online meetings at the same time. If you’re running a medium-to-large remote business, opting for team meetings rather than general meetings could be the best solution.
Most importantly, you should make certain that your business’ homepage is set properly, SEO friendly, and regularly updated. This includes customers’ feedback where applicable and testimonials.
In line with the abovementioned, creating teams is the first thing to do once you’ve assembled the desired workforce. Choose a manager for each team (much the same as you would do if you’re running a traditional business), as to ensure a steady flow of information.
Medium-to-large remote businesses often host occasional company update meetings, normally twice a year, providing all the employees with the updates regarding the flow of the business and the future plans.
The first thing freelancers are interested in when looking for a job is, as a rule, a reliable payment method. The issue can be tricky depending on their location, but fortunately, with freelancing going global, there is an option for everyone.
Household names like PayPal have long ceased to be the best option (or indeed the cheapest one). Competition is fierce, meaning you’ll have to do your homework when looking for the best solution.
Of late, the usual freelancers’ choice is Payoneer, as it is available worldwide and allows for withdrawing funds in local currencies throughout the world. eWallets are also acceptable for many, as well as some rising brands such as Stripe and Skrill (formerly known as MoneyBookers). Companies are also known for paying via TransferWise so that the funds co directly into the worker’s bank account.
Running Strong Long-Term
Setting up and running a remote business is so much more than just hiring people and maintaining communication across teams. For a business to be successful in the long run, attention should be paid to website content, email marketing, social media exposure, and advertisements overall.
The best practice is establishing a team in charge of the task, as a steady online presence is the single most important factor when it comes to remaining on top with the hectic times. Additionally, keeping remote works engaged with regular check-ins is imperative.
Instead of a Conclusion
In many ways, a remote business is similar to a traditional one. With the majority of people hanging out online, the trick is to draw their attention and keep it there. This also spells a larger audience if marketing is done right.
All in all, the benefits of remote entrepreneurship outnumber the flaws (and the costs) by far. Start from scratch and build your business one step at a time. It is certain to reward you in the end!
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