Outsourcing for high-growth companies

High-growth companies are well-regarded in their respective industries. Any business with an exemplary track record of generating revenues will always be the talk of the town. Investors will be knocking on their doors, awaiting opportunities.

Defining fast-growth companies

Businesses that seem to generate growth in revenue and sales in record time and amounts are considered high-growth companies. They’re often multinational conglomerates with subsidiaries and offices all over the world.

As the name suggests, these companies see endless growth opportunities internally and externally. Their workforce becomes stronger, their productivity is at an all-time high, and partnerships are happening on a regular basis.

Top 3 fastest-growing companies

1. Alphabet Inc.

   Alphabet Inc. is Google’s parent organization, alongside other companies that operate under its umbrella. By 2020, the multinational conglomerate has reported over US$180M in revenue, with 100 thousand employees all over the world.

   Google alone achieved billions in revenue during the third quarter of this year.

2. Netflix

   One of the biggest entertainment firms in the world was a blessing to everyone who was stuck at home last year. Even before the pandemic, Netflix has seen tremendous growth—thanks to the demand for accessible, 24/7 entertainment.

   The entertainment giant amassed US$2.76B just last year alone.

3. Alibaba

   A contender to Amazon US, Alibaba is a marketplace of every retail goods and products that one can think of. Closing the fiscal year of 2020, the e-commerce giant proudly reported US$33M in revenue.

   With the way of how the e-commerce industry grows, there’s no doubt that Alibaba will stay on top for the years to come.

With the way of how the e-commerce industry grows, there’s no doubt that Alibaba will stay on top for the years to come.

Services fast-growing businesses outsource

Even high-growth and fast-growing businesses need to adopt a business model to sustain their status. One of the most effective ways to foster growth is outsourcing their business processes. 

Outsourcing even the smallest department can positively impact the company as a whole.

Content moderation

Online platforms like Netflix strive to make their communities as safe as possible. One effective way to keep online users safe is by content moderation. But, hiring a whole department to oversee content will be costly, thus the reason why they opt to outsource.

Tech support

With Google expanding its reach to enterprises, they have to ensure that their core products remain active and reachable at all times. Technical support teams are there to fix any issues and questions regarding Google’s products and services.

Customer service

Fast-growing businesses that cater to millions of customers will undoubtedly get continuous inquiries 24/7/365. This is one of the reasons why corporations like Alibaba often outsource their customer service departments to external service providers.

Outsourcing companies: A key ingredient for growth

Business process outsourcing (BPO) companies warmly welcome clients from every industry possible. Their services are widely different to cater to their clients’ needs, often providing services that will benefit everyone involved.

When BPO companies acquire a new partner or client, they ramp up their recruitment process, opening their doors even wider to job seekers in their area. To an extent, this helps the local economy stabilize as more and more people are finding permanent employment.

Outsourcing companies positively impact everyone involved—from the management down to the floor workers.

Outsource Accelerator is a BPO marketplace aggregator that helps companies find their perfect service provider. From Top 40 outsourcing guides to industry articles, they offer world-class services that are impossible to match.