OL 001: Introduction To Outsourcing Live Podcast - YouTube

Inside this first episode of Outsourcing Live, I'll be sharing with you my story on how I

got my business outsourced, and how you can to and towards the end of this episode I'll

be revealing what to expect in the next podcast. So let's get into it.

VO: Welcome to the Outsourcing Live podcast where you will learn to build a virtual team

to run your business. And now, your host Tyrone Shum.

Woohoo! We've just arrived to the first Outsourcing Live podcast and thank you, thank you so much

for coming on to listen to this first podcast. Well, what I like to do is just to give you

an overview of what's going to be inside this first podcast because the fact is, is that

a lot of people who've been following me have been asking me to provide a specific podcast

on outsourcing and I have mentioned in the past that I would do it. And now that I finally

come around to it, I thought would be a good idea to start the first podcast with an introduction

on what's going to be happening over this podcast.

That way you can know what to expect and also too, just to get an overview of what's going

to be up and coming in terms of outsourcing type of information. Now, before I do jump

into it, what I want to do is to give you an overview of what's going to be inside this

particular podcast and the first thing I'm going to be sharing with you is an introduction

about who I am so that way it gives you an idea of what my story is and also what I've

been up to and if you don't know me, this is really just a background story of how I

came and stumbled into outsourcing.

Also, I want to share with you an introduction of what outsourcing is and also the definition

of it and what it means to me therefore we both can align on exactly what outsourcing

means. I'll also give you a format of the show so that way you can know what to expect

in every single show or every single podcast that I'll be broadcasting out live and then

lastly, I want to share with you why I'm going to be hosting this show and what it really

means to me.

So for the people who know me, I have a blog at Tyroneshum.com and that's been very successful.

It's mostly been a video blog and I've got a Youtube channel that has over a 100,000

views on it and a lot of people come to me to seek advice on about outsourcing.

Well, my story for outsourcing wasn't as pretty as that. Obviously I've had a lot of tremendous

success just from teaching people how to outsource but my story going back started out quite

simple. I was pretty much an honored person, I live in Sydney Australia. I live in a modest

home and also too, I run a modest business. But when I first started I was working full

time as most people do. Straight after Uni, I finished Uni doing a Bachelor of Computer

Science from UNSW and after doing that, I decided to go into real estate because I thought

real estate would be a very good area to learn how I'd become a good salesperson, learn how

to do real estate. And I had a lot of interesting real estate back then but since then I've

moved away from it even though I still own property but I've moved onto and focused on

internet based business.

Now, what really got me into internet based business and also outsourcing was my first

internet based business which was called Dragonboating. It was actually called Dragonboat Ventures

and you can still find it, it's at DBV.com.au and my story goes back into when I first started

Dragonboating as a sport. I didn't do it as a business at first, I started Dragonboating

as a sport in Sydney and I was competing quite heavily with all the other clubs and the teams

nationally and also across Australia wide.

Now for the people who don't know what Dragonboating is, Dragonboating is where you have 20 people

sitting inside a boat, and paddling down a river and competing against each other and

usually we got about 5 or 6 people, or 5 or 6 boats I should say competiing at each other

and this is a very, very popular event that happens also too during Chinese New Year which

is roughly usually towards the beginning of the year around about February time and it's

where people just race down each other and also potentially can win a prize.

Now, Dragonboating is very, very popular across the States and also in Europe as well and

it has taken off quite tremendously over here in Australia even though it's been around

for many, many decades or many centuries I should say.

Anyway what happened was I was introduced to Dragonboating by a friend and I got quite

heavily committed into it and I really, really got involved to this sport and it's an awesome

sport because the fact is I got to do fitness and also too I got to socialize and have a

really a good time as well. Though when you start to compete quite heavily and training

three four times a week it becomes pretty serious and that's what I was doing. But the

thing was was that Dragonboating was still at its early stage in terms of its technology

and its equipment and there are a lot of people who are still using the old paddles that were

made out of wood and they were really heavy and I discovered that you can buy carbon fiber

paddles from the States and over in other countries as well and the thing is is that

those paddles just way a fraction of the way of those wooden paddles. But what happened

was I really, really want one of these paddles because I knew it could increase my performance

and also too, it could increase the speed which I could paddle faster. Obviously for

any elite athlete out there you want the best, best equipment and that's what I really, really

wanted.

And, at first I was thinking okay it wouldn't cost too much, I'd call around and find out.

So I called up to supplies overseas and I found out a paddle would cost about $300 and

I said how much would it cost to send it over and they said to me roughly about $280. And

I said what? It blew me away. It would cost me almost $300 to buy a paddle plus $280 to

ship the paddle across that's just for one paddle. It's quite $600 just for a piece of

a paddle and I've never that much ever for a piece of equipment in my life. So I thought

all right, I'm going to be a little bit ingenious and come up with a creative idea. So I spoke

to a lot of people in my club and said would you be all interested in getting a paddle

the same one that I want which is this carbon fiber paddle and also it will go around that

I'm also going to be ordering some paddles as well. So they said yeah, let's go in. Got

some people together, they paid for it and interestingly enough when I ordered about

30 to 40 paddles, I found that I actually could ship over that many paddles and also

have that many people pay me for it. And interestingly enough when I imported these paddles and distributed

it out I found that I actually made some money on it which covered the cost of my own paddle

so I thought hmm, I could turn this into a little business. And which is what I did.

I end up becoming the exclusive distributor for all the Dragonboat products all across

Australia particularly paddles and all the equipment that are related to it. And that

was where my first internet based business started. Now, I quit my job when I started

to succeed in this business and it did really well. I was making quite a bit of money but

the problem was I was spending 60 hours a week just from running that business. 60 hours

a week so I thought to myself, I was earning a good income as well working full time but

I was working much less hours and interestingly enough when I started to run my own business,

I've worked a lot more than I have ever been and this is where I came to the story of where

I stumbled across Tim Ferriss' Four Hour Work Week.

If you've heard of Tim Ferriss, Tim Ferriss wrote the famous book The Four Hour Work Week

and if you haven't read the book I'd highly recommend it and it shows you inside his book

how he turned his working hours of like ridiculous hours of like 8 housr a day or 12 hours a

day and he learned that through using outsourcing and also automation. So that's where my story

came into about. I read that book and from there I was really, really keen to apply it

into my business but the thing was, was that Tim didn't share about how he did it. He only

shared what he did but he didn't share exactly how he did about outsourcing and the ins and

outs of it. And it took me probably almost six months to be able to find out how to outsource

properly in order for my Dragonboat business to allow me to work less. And that's exactly

what I wanted to do. I wanted to have a business which could generate more money for me, at

the same time, allow me to work less and less in the business.

So after about six months or so, implementing all the things that I learned about outsourcing,

dibble dabbing and trialing and testing and making a lot of areas along the way I finally

succeeded. And I reduced my hours from about 60 hours down to about an average of 10 hours

a week working in the Dragonboat business and that's where my story on the outsourcing

story comes about what that I really, really turned my business around and made huge, huge

difference.

Now a lot of people were wondering how I did it so that's where I started sharing about

it online, how I went about it. And if you go back to all my videos you'll find that's

all the things that I did, I even share a majority of it inside there. Yeah, so that's

who I am. I'm a guy from Sydney I'm just an average person. I didn't go to school to learn

about business. As I mentioned I studied Computer Science at the University of New South Wales

and yeah, I just came out with pretty much just an ordinary degree and I just went into

real estate to learn how to sell but I didn't know anything about business and that's where

I had to learn all these things myself. So basically you can say I self taught on how

to run a business, how to be able to manage and outsource my business and also too to

work or create the lifestyle that I want. That's a little bit background about me. And

you'll find that I'm a down-to-earth type of person, I enjoy sharing my story and also

enjoy sharing and helping others as well to be able to help them succeed at whatever they

choose to do with outsourcing as well.

All right, well that's my story there. And what I wanted to jump into now is give you

understanding or introduction of what I define as outsourcing. And what it means to me. Now,

outsourcing can mean a lot to other people. A lot of large companies out there outsource

to India, to the Philippines and they outsource a lot of their telemarketing and also their

phone services and all those customer support kind of things. We can talk about that as

well but in my definition of outsourcing is to be able to hire people from the Philippines

and be able to set them up so they can run your business at a lower cost than you would

be able to do it locally and also freeing up the time for you to do other things that

you enjoy in life. That's my definition of outsourcing.

And I'll talk a little bit more about it for the people who are solo entrepreneurs and

for people who are entrepreneurs out there who are running these medium sized businesses,

this is probably a lifestyle change or just to free up time so that way you can focus

on other more important things in the business.

So over the course of this Outsourcing Live podcast, I'll be sharing with you the strategies,

the tips, and the information about how to be able to go about outsourcing the way I've

done it and everything that I'll share with you will be real life case studies, I'll even

get guests on the line to be able to share their case studies and also their experience

of outsourcing but majority will be from my experience and from what I've discovered and

shared with others.

All right so that's the introduction of outsourcing. What I want to share and tell you now is all

about the format of the show, what's going to be happening over the podcast, the Outsourcing

Live podcast. For most of you, most of the podcast probably run for about an hour up

to an hour or so but what I want to try to do is to keep it up to about 35 minutes in

length. That's my whole goal is to keep it short and sweet so that way you can get jampacked

information in there but also actionable steps that you can take away.

And furthermore, I'm going to be releasing my podcast out every week roughly on a weekly

basis and usually be at the same time on my blog and also too be released out through

iTunes as well. Furthermore, the aspects of the things that I'll be covering is obviously

going to be about outsourcing for finding virtual staff, to hiring virtual staff all

the way to managing them as well. And I'll also share with you a lot of tools and tips

that I've learned over the years for about outsourcing.

Excuse I just took a sip of water. All right and furthermore, I will be sharing with you

a lot of different things that I've done in terms of case studies as well so I'll have

obviously guests from time to time or you'll just hear me speaking into the microphone

just as I'm doing right now. Now when I do have a guest online, I'm going to be getting

them to share with you their specific story on how they went and outsourced their business,

how they succeeded with it and also what things they did that worked for them. And, usually

at the end of the show or at the end of the interview I'll ask them an actionable tip

that they learned that they can recommend for you to do that you can take away and action

in your business or action in your life or whatever you may do. And we'll try to make

it as simple and as effective as possible so the whole goal is for you to be able to

implement the things that we share.

And, one last thing as well. This is something that I found really, really powerful and at

the end of every podcast is I'll be sharing with you another resource or tool that you

can use as well that could be related to the podcast feature segment that we talk about

or it will be something that I've just recently discovered.

And to make it even easier for you is that I'm going to post onto Youtube, onto the Outsourcing

Live Youtube channel, a how to video as well to back up the resource to show you exactly

how it works because it's great to share with you the resource but you might not know how

to use it as well. So I will eliminate all those kind of little things that you might

not know and that way you can just hop onto the Youtube channel, watch how to do it, just

take that tool and access that resource as well.

Okay, I've talked about the introduction of myself, what outsourcing is and also the format

of the show. What I want to share with you now is why I'm hosting this show. One of the

main reasons, there's actually two reasons. The most - I guess the first reason is really

to add to the brand of Outsourcing Live. Outsourcing Live is going to be designed to help entrepreneurs

to outsource their business and also to be able to bring the resources together at a

very simple and easy to understand way. And what I want to do is to really leave a legacy

for people to remember me as being the outsourcing guru who helped them succeed.

I have built a strong brand around that. People know me as being the outsourcing guru and

they have come to ask me a lot of questions about this area and I've done my best to try

to provide the right information and as accurate as possible. So what I wanted to do is really

to add to the brand of Outsourcing Live. That's really a selfish reason for myself but at

the same time, what I want to do is to be recognized for that. And this is the second

part and the second reason why the show exist is I'm really, really here to help you as

well, too. Because what I believe is the more I'm able to help people, the more people that

can learn from what I've done, the more they can teach other people as well. Because I

believe in the effect of passing on and I know that if you can learn something, you

can teach others as well and then that's the great thing because you're really just passing

it on and helping others as well.

Now if you've seen a lot of my videos on Youtube, you'll see that I don't hold anything back.

You'll see if you search for outsourcing under my name Tyrone Shum, you'll see a lot of the

outsourcing videos that I talked about how to step by step and at the end of each video,

I didn't even ask for anything. All I do is just share with you exactly how I've done

it and how you can implement it for your business as well so that's really what this whole show

is really about is for you. The whole goal is for you to be able to take away actionable

steps, information that's going to be practical and useful and furthermore also to be able

to help you succeed with whatever you may do with outsourcing and that's what I really,

really designed this show is for you.

Okay so I've covered quite a lot today and I know this was a very, very special show

because it's the first ever Outsourcing Live podcast. It's an introduction to everything

of what's to come and I'm really, really excited to be able to share with you all the things

that I know about outsourcing and it will be coming out over the podcast that I'll be

putting out and if you do have any questions, you're most welcome to email me. You can send

it to support(at)outsourcinglive.com and I'll do my best to answer any of your questions.

And if you know me by know I do answer every single question and I do reply back to you.

No question is a silly question so go, you know you're most welcome to send me a question

about the show, you can ask me anything about outsourcing and I'll do my best to answer

back for you. If I can't do it, then my virtual assistant will also support me as well and

find the right information for you and that's the beautiful thing about it.

All right, before you do go I'd like to offer you as well a free gift as well. I've got

a 10-step video guide on how to outsource. And you can access this at Freevideoset.com.

I'll repeat it again, Freevideoset.com and this is one of my most loved videos. A lot

of people have commented on this and said it's the best step by step video guide and

I'm not just saying that but people have said that already. You can read the comments on

it and you'll find that this shows you how to go about outsourcing if you've never done

it before. And this will probably lead perfectly into my next podcast which - you know you

have to come out and find out what the next one will be soon. So I'll let you know anyway

but I want to just thank you so much. Go ahead right now, download the free gift that I've

provided for you and I just want to thank you, thank you so much for taking your time

to listen out to this podcast and I hope to see you inside the next podcast.

So my name is Tyrone Shum from Outsourcing Live and I'll see you real soon.