If you are employed in IT, regardless of whether you are in software, infrastructure or system integration - you could be the next casualty of what's called offshore outsourcing, or "outsourcing technology".
A recent study of CIO's around the globe from 2010 reveals that 90 percent of CIOs will be maintaining or increasing offshore outsourcing projects in 2010 and 2011. UK-based IT staffing and managed services firm Harvey Nash, reports that outsourcing has been greatly used during the recession and CIOs are inclined to continue using outsourced services. Jobs will continue to disappear.
Nash surveyed 2,855 IT executives from around the world for its 2010 Global CIO Survey. Results determined:
62 percent outsource software-application development
53 percent outsource software maintenance
53 percent outsource IT infrastructure services.
22 percent outsource systems integration
8 percent outsource BPO
8 percent outsource HR BPO
6 percent outsource their entire IT department.
36 percent of CIOs are increasing their budgets in 2011 for offshore outsourcing technology.Looks scary doesn't it? Don't worry. Even though your job is being deported from the country without you, there is a solution. It isn't looking for more jobs, because those could go away too right?
The solution to outsourcing is to start your own home based business before outsourcing gets you too. But which business offers the most potential? Look at today's economy.
You may have noticed that gold and silver is at an all time high. Everywhere you go, you see signs advertising "We Buy Gold". Obviously Gold and Silver is a hot commodity these days.
Did you know that there is now an affordable home based business that you can start for marketing Gold and Silver Money? I am not talking about selling investments in common Gold and Silver Bullion, which is vulnerable to the rise and fall of a fickle market.
I am talking about a 100+ Billion dollar industry serviced by the Gold and Silver Home Based Business. No other Home Based Business is available for this growing industry. This amazing industry deals in highly sought after collectibles: Graded and Certified Gold and Silver Numismatic Coins. Why not market Money?
Now, you may hear claims that bullion is cheaper than numismatic coins. My answer to that is "You get what you pay for". Let me tell you why collecting numismatic coins are actually more profitable for your customers (and you) than investing in risky bullion. You be the judge and consider the following:
In 1997 the price of an ounce of silver bullion was $4.22 to $6.26 - according to the Silver Institute (silverinstitute.org/priceuk.php#1997). Today, an ounce of silver sells for $22. Not bad!
Now, let's compare that, to a MS70 American Silver Eagle Numismatic coin. In 1997, the price for a 1997 MS70 American Silver Eagle was $90 to $100, depending on where you bought it. Today the price for that same coin is $500 to $595. While the price of bullion goes up and down, the value of these collectibles goes up. The rarity of some of these coins has recently resulted in a private auction price of over $24,000!
This value is why numismatic coins are a 100 Billion dollar industry. It is also why numismatic coins can be used for collateral in a bank loan - they are assets, not investments.
In summary, when considering a home business for securing your financial security, I recommend a Gold and Silver Home Business - marketing Money.
John Domzalski is a Home Based Business Expert. Also known as the Home Business Angel, he currently spends his time mentoring others in Simple Success Secrets that work, as well as teaching others how to start their own Gold and Silver home business.
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