3. More Cost Effective
As mentioned earlier, a holistic SEO strategy demands the contribution from a variety of skilled professionals. This can make building an in-house SEO team a pricey undertaking. Wondering why?
For starters, in the previous point we discussed how your SEO progress can be affected when an in-house resource decides to leave your company. When that happens, finding a replacement will cost time and money and this is a serious cost.
According to a study by Gallup, replacing an employee will cost a company anywhere between 50% to 200% of the employee’s annual salary. Considering that the average salary of an SEO expert in the USA is a little over $45,500, replacing such a resource will cost your company anywhere between $20,000 and $90,000.
Another cost of hiring that is often overlooked is the cost of hiring an undeserving employee. Ever so often, a candidate may pass through your hiring process despite not having the right skills or experience. The chances of this happening multiply when there is no relevant in-house expertise present in your company.
How hiring such a candidate will cost your business money is not difficult to imagine. However, what many forget is that unlike a lot of other aspects of your business, SEO takes time to show results. This means, by the time you realise you have hired the wrong candidate, you will already have paid them several thousand dollars.
When you outsource, you are mostly dealing with independent entities like freelancers or agencies that have case studies and customer references to prove their expertise.
Another cost of doing SEO in-house is the cost of SEO tools. In fact, the cost of the tools is one of the most overlooked aspects when businesses calculate the cost of doing SEO in-house.
As far as digital tools are concerned, SEO tools can be surprisingly pricey. Most basic plans of the best SEO tools start at a minimum of $100/month. Most SEO tools charge this cost on an annual basis. This means, the upfront cost of an SEO tool for your business is $1200.
When you outsource, this cost is obviously the problem of your outsourcing partner. As stated earlier, all you need to worry about is the results of your SEO efforts.