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The Concept Of Geo Arbitrage - Get A Virtual Assistant Today

Geo arbitrage a word often used when describing the process of out tasking and outsourcing. What it basically is it’s a ridiculous word, I didn’t make it up unfortunately but it’s about getting things done at a cheaper rate when you get a virtual assistant to do SEO services because of currency differences and economy differences. To live a top ten percent lifestyle in Australia you have to earn $100,000 a year. In the Philippines to live in the top ten percent you only have to earn $25,000. So the caliber of person you’d get is a lot cheaper because of economic and currency differences.

This comes I suppose from the stock market, the word arbitrage has to do with the differencing of prices of something in two separate markets. So let’s say BHP might be trading here in Australia and BHP might be trading on the stock market over in the US. When the market closes, what might happen is the share price for BHP might go up a little bit.

So now the price of BHP is worth greater than it’s listed right here around Australia the market’s closed. Given that value of BHP has risen even though the market has been closed within Australia, there exists a difference between what someone could buy BHP for here and whatever they could buy it for over here. The arbitrage in a virtual assistant company is the distinction between the above markets.

The concept of geo arbitrage wants the difference to get the same thing carried out two separate markets and there’s a difference in the price between what you’d pay somewhere and what you’d pay elsewhere. That’s what arbitrage is, so geo arbitrage is simply to do with geographically speaking you will get something for much cheaper in a single market from another market.

Instead of looking at the dollar value of what that person will cost per hour, we should look at the skill set.

For example, if you want to have a website done here in Australia, it may cost you here $10,000. You obtain exactly the same quality work carried out the Philippines once you get a virtual assistant in an SEO company for $2000 due to the currency differences and also the wage differences. Let’s say you needed a car mechanic here in Australia. They could get money $50,000 per year. In the Philippines the identical person doing the exact same automotive repair expertise, same knowledge doing that same job inside the Philippines might only receive money $10,000 per year.

In the event you took your car to the Philippines to get serviced from the same person, it’s having the same result with a much cheaper price. That’s possibly the better way to describe it due to economic differences.

I’ve got a great designer in Serbia. I don’t know where Serbia is, but he’s very good. I just couldn’t figure out what was of value to him. There really is a Big Mac index. I went and saw what a Big Mac was worth in Serbia, it’s actually not very much. Then I developed a good relationship with this guy and got talking to him about the cost of living in Serbia because a) I was interested and b) I wanted to make sure I wasn’t being ripped off. I very quickly understood that he rents a room for $300 a month and it’s a good room where he lives. It was interesting to know this as I get a virtual assistant like him to grow my business.

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