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The Remote Business
Manufacturing Abroad, International Payments,
and Remote Employees
“The Internet is becoming the town square
for the global village of tomorrow.”
Bill Gates
Going Global
angel.co/coinpip | ...
Entering New Markets
The barriers to entering new markets have been, in large part,
knocked down by Internet.
Today, a cra...
angel.co/coinpip | founders@coinpip.com
Another trend that has developed over
the past few years is that
manufacturing has...
“China succeeded in transferring nearly
150 million people from agriculture
to manufacturing”
Pallam Raju
Indian Politicia...
angel.co/coinpip | founders@coinpip.com
Paying these manufacturers
can be troublesome. Bank transfers
require lots of info...
Hiring Remote Staff
“Remote work has opened the door to a new era of
freedom and luxury. A brave new world beyond the
indu...
angel.co/coinpip | founders@coinpip.com
66%
of global workforce
telecommutes
20%
believe to go fully
virtual in 1-5 years
...
90% of workers think that
collaboration tools are the most
important or even mission critical for
building remote teams.
a...
People who work remotely are
more satisfied with their jobs.
angel.co/coinpip | founders@coinpip.com
Whether you’re a tangible or digital product, you can widen
the market for your job placements and have the potential to
f...
angel.co/coinpip | founders@coinpip.com
1. Cuts office costs
2. Good labor for good pay
3. More work time
4. Ability to tr...
angel.co/coinpip | founders@coinpip.com
One study found that one company
saved $1,900 per employee over nine
months from r...
Good Pay
Hiring people in the US and especially in
the Valley is expensive, since you have to
accommodate your employees f...
angel.co/coinpip | founders@coinpip.com
That same study found that the call
center employees performed “13.5%
more calls t...
angel.co/coinpip | founders@coinpip.com
Since employees don’t have
to spend time traveling to work
they get more time to s...
Where do you start?
angel.co/coinpip | founders@coinpip.com
1. Use the right tools
angel.co/coinpip | founders@coinpip.com
File sharing
with Google Drive,
Dropbox.
Virtual hangouts w...
2. Instill Daily Routines
● Establish monthly and quarterly goals.
Use tools like Betterworks to help you get there.
● Est...
By establishing goals your employees have a benchmark for the
level of performance that is expected of them.
Establishing ...
angel.co/coinpip | founders@coinpip.com
Respect & Discipline
Respect is important to keep order and everyone happy.
Employ...
3. Pay Remote Employees the Right Way
Paying remote employees, especially ones that live abroad, is
probably the biggest c...
angel.co/coinpip | founders@coinpip.com
They are a real team after all! Remote
doesn’t mean they aren’t there.
Incorporate...
Hiring Temporary Staff
Freelancers can be temporary or long term. Sometimes you only
need people when your employees have ...
They happen. Every culture is different or works in a different
time zone. Learn to adapt or get them on the same page.
So...
Most Importantly,
BE RESPONSIVE!
angel.co/coinpip | founders@coinpip.com
angel.co/coinpip | founders@coinpip.com
Establish ‘Office Hours’ where your
employees can reach out to you.
This lets them...
Do you have a remote team?
How do you manage and pay your remote team currently?
We’d love to hear from you! Reach out to ...
angel.co/coinpip | founders@coinpip.com
Want to start paying your remote employees?
/CoinPip/CoinPip/CoinPip@CoinPip
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The Remote Business

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Manufacturing Abroad, International Payments,
and Remote Employees. Want to make your business more remote than ever? Go slide by slide and learn how to take advantage of a global business.

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The Remote Business

  1. 1. The Remote Business Manufacturing Abroad, International Payments, and Remote Employees
  2. 2. “The Internet is becoming the town square for the global village of tomorrow.” Bill Gates Going Global angel.co/coinpip | founders@coinpip.com
  3. 3. Entering New Markets The barriers to entering new markets have been, in large part, knocked down by Internet. Today, a craftsman in Nepal can sell locally made goods to someone on the other side of the globe. angel.co/coinpip | founders@coinpip.com
  4. 4. angel.co/coinpip | founders@coinpip.com Another trend that has developed over the past few years is that manufacturing has increasingly moved abroad, and it’s something for businesses to take advantage of, especially if you’re producing tangible products. Manufacturing
  5. 5. “China succeeded in transferring nearly 150 million people from agriculture to manufacturing” Pallam Raju Indian Politician Manufacturing angel.co/coinpip | founders@coinpip.com
  6. 6. angel.co/coinpip | founders@coinpip.com Paying these manufacturers can be troublesome. Bank transfers require lots of information and untrusted suppliers require escrow services. Paying Manufacturers
  7. 7. Hiring Remote Staff “Remote work has opened the door to a new era of freedom and luxury. A brave new world beyond the industrial-age belief in The Office.” Jason Fried Remote: Office Not Required angel.co/coinpip | founders@coinpip.com
  8. 8. angel.co/coinpip | founders@coinpip.com 66% of global workforce telecommutes 20% believe to go fully virtual in 1-5 years 14% don’t think of remote work
  9. 9. 90% of workers think that collaboration tools are the most important or even mission critical for building remote teams. angel.co/coinpip | founders@coinpip.com
  10. 10. People who work remotely are more satisfied with their jobs. angel.co/coinpip | founders@coinpip.com
  11. 11. Whether you’re a tangible or digital product, you can widen the market for your job placements and have the potential to find better candidates that might also be, well, cheaper. In addition, if you have business ventures in foreign markets it makes sense to hire local staff who will be more familiar with the market. angel.co/coinpip | founders@coinpip.com
  12. 12. angel.co/coinpip | founders@coinpip.com 1. Cuts office costs 2. Good labor for good pay 3. More work time 4. Ability to travel and work anywhere 5. Unique perspective 6. Global business How does it benefit my team?
  13. 13. angel.co/coinpip | founders@coinpip.com One study found that one company saved $1,900 per employee over nine months from reduced office space and furniture. Cutting Office Costs
  14. 14. Good Pay Hiring people in the US and especially in the Valley is expensive, since you have to accommodate your employees for their living expenses. However, if you search for employees abroad, chances are their living expenses will only be a percentage of what it costs in the US. angel.co/coinpip | founders@coinpip.com
  15. 15. angel.co/coinpip | founders@coinpip.com That same study found that the call center employees performed “13.5% more calls than the staff in the office did” when they worked at home. Improved Results
  16. 16. angel.co/coinpip | founders@coinpip.com Since employees don’t have to spend time traveling to work they get more time to spend with their kids. More Personal Time
  17. 17. Where do you start? angel.co/coinpip | founders@coinpip.com
  18. 18. 1. Use the right tools angel.co/coinpip | founders@coinpip.com File sharing with Google Drive, Dropbox. Virtual hangouts with Google Hangouts, Uber Conference & Slack Manage design projects with InVision App Note sharing with Evernote, Trello, & Basecamp
  19. 19. 2. Instill Daily Routines ● Establish monthly and quarterly goals. Use tools like Betterworks to help you get there. ● Establish roles within your team. ● Incorporate respect and discipline ● Use agile and scrum methodologies angel.co/coinpip | founders@coinpip.com
  20. 20. By establishing goals your employees have a benchmark for the level of performance that is expected of them. Establishing roles lets employees know who does what and makes them more accountable for their actions. Establishing Goals & Roles angel.co/coinpip | founders@coinpip.com
  21. 21. angel.co/coinpip | founders@coinpip.com Respect & Discipline Respect is important to keep order and everyone happy. Employees shouldn’t express their anger in public forums, so try to mediate any discussion about other employees privately. Not everyone is fit to be a remote worker, some may get too comfortable with their level of autonomy and slack off. In these cases you can’t be afraid to take disciplinary action.
  22. 22. 3. Pay Remote Employees the Right Way Paying remote employees, especially ones that live abroad, is probably the biggest concern for employers since overseas payments are troublesome and time-consuming. What are your options? PayPal, MoneyGram, Banks and CoinPip Whereas a lot of these options charge heavy fees and give you unfavorable exchanges rates, CoinPip charges 2% and gives you the real exchange rate. angel.co/coinpip | founders@coinpip.com
  23. 23. angel.co/coinpip | founders@coinpip.com They are a real team after all! Remote doesn’t mean they aren’t there. Incorporate autonomy, positive feedback, constructive criticism, and give GOOD feedback. Keeping them happy
  24. 24. Hiring Temporary Staff Freelancers can be temporary or long term. Sometimes you only need people when your employees have a heavy workload, like product launch times. Before hiring, give applicants a test drive by assigning a sample project. This gives you a feel of how they work and if they will be a good fit for your team. angel.co/coinpip | founders@coinpip.com
  25. 25. They happen. Every culture is different or works in a different time zone. Learn to adapt or get them on the same page. Some cultures are more hierarchical than others. Beware of Cultural Boundaries angel.co/coinpip | founders@coinpip.com
  26. 26. Most Importantly, BE RESPONSIVE! angel.co/coinpip | founders@coinpip.com
  27. 27. angel.co/coinpip | founders@coinpip.com Establish ‘Office Hours’ where your employees can reach out to you. This lets them know what time you and the rest of your team is available since you may be working in different time zones. Establish Office Hours
  28. 28. Do you have a remote team? How do you manage and pay your remote team currently? We’d love to hear from you! Reach out to us at: joinus@coinpip.com angel.co/coinpip | founders@coinpip.com
  29. 29. angel.co/coinpip | founders@coinpip.com Want to start paying your remote employees? /CoinPip/CoinPip/CoinPip@CoinPip

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