Like it or not, and despite the proclamations of self-professed “experts”, YOU are the cheapest labor you can hire. Whether the task is mowing your lawn, changing the oil in your car, painting your house, designing a website, or many other projects, if you’re relatively competent, I believe you should do it yourself.
I can hear the wailing and gnashing of teeth already. The argument for outsourcing your life usually takes the following tack: “I make $60,000/yr which translates to $30/hour so anything that costs less than that should be outsourced.” Hogwash.
How much per hour do you REALLY make?
That $60,000 is pre-tax dollars but you can’t spend pre-tax dollars. In reality, after federal, FICA, Medicare, state, and sometimes even local taxes, you’re likely to bring in about $40,000. Divide that by 40 hours over 52 weeks and you’re actually making a little more than $19/hr while you’re at work. Are you earning anything the other 70+ hours you’re awake during the week? Not unless you make extra money on the side, but even then, you’re probably not working more than an additional 20 hours per week.
Include every hour you’re awake and that number dwindles to about $6.99/hour. Include the time you’re asleep and you’re looking at only $4.57/hour. Even someone who makes that “magical” $250,000 per year averages only $43.71/hour awake and $28.62/hour in total. When I ran these calculations for myself, it made the services I was paying for look really expensive.
To understand what you’re losing by “outsourcing your life”, you have to consider:
- How much income you have to earn to produce enough after-tax dollars to pay for a particular service.
- How much income you truly lose by taking the time to do it yourself if you’re competent and proficient enough to do it.
The outsourcing crowd mistakenly believes that every single hour they’re awake demands their undivided attention or else they will lose money. They claim to create an e-book, seminar, or some other project during that time that makes them oh so golden. Again, hogwash.
If you have to convince someone you’re an “expert” by outsourcing things you could do yourself, chances are pretty good you’re just lazy, or narcissistic, or craving the attention you get from being too important to do anything yourself, or very bad at math … or all of the above.
Again, the important term is “relatively competent.” If you don’t know what you’re doing, outsourcing something makes sense. Otherwise, you’re wasting money. Not only that, but doing something yourself give you a sense of accomplishment and also gives you insights that you would never have otherwise.
Another aspect to consider is: Do you have the tools to get it done correctly? If purchasing the tools would cost more than the outsourced job would cost, AND it’s probably a one time thing, outsourcing makes sense. I just outsourced my first ebook cover to Pete from Logos for Websites. I don’t have the proper software, not do I have the design flair that Pete does (he is AWESOME!). So I used his expertise to design and create the ebook cover.
So, if you have the tools and you have the ability, jump in there and tackle that project. Don’t pay someone else to do what you can (and should) do yourself.
Photo by ˙Cаvin 〄