Are you a startup looking to build a remote team in today’s digital age? This guide will get your team on their feet so you can start embracing a remote workforce!

1. w w w . c o i n p i p . c o m
Going Global:
7 Ways to Manage and Pay
Remote Workers in the Digital Age
Written by John Scianna
Are you a startup looking to build a remote team in today’s digital age?
This guide will get your team on their feet so you can start embracing
a remote workforce!

2. Entering new markets
Manufacturing overseas
Hiring staff and going remote
Hiring for short term projects
Paying your remote workforce the best way possible
Secret tips to keep your team happy
The ultimate remote team resources
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3. In the rise of the digital age, the world has been flooded with innovation. There are
now new ways to make payments, shop, work and get business done, in general.
These trends have changed the way we live and interact with the world. We can pay
with our phones, have computers in our glasses, and video chat with people around
the world.
The largest trend for startups is taking in the concept that you don’t need to sit right
next to someone to build a successful business. In fact, they can be thousands of
miles away. Within the last two decades telecommuting to work has become more
commonplacesincetheintroductionoftheinternet.Onaverage13.4 million Americans
work from home at least one day per week. We no longer need to look within a 30
mile radius for talent and HR departments, and early stage startups realize this.
Hands down, remote workers save companies money, whether it be from reducing
office space, paying lower foreign wages or simply getting an international perspective
and expanding your network.
In the past decade, we have all become familiar with having our service calls being
rerouted to countries around the world to take advantage of cheap low-skilled labor.
However, today countries like China and India are producing more college graduates
than ever before. Many companies are embracing this new, highly-skilled workforce
by hiring remote workers.
Think that’s strange? In today’s global economy, it is not uncommon to have a global
team. More small businesses are trying to enter new international markets that are
now possible thanks to the internet. Sourcing international goods and talents help
the bottom line. Nonetheless, managing workers who live all over the world is a
difficult task and finding a way to do payroll effectively for them can eat into the
cost savings.
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4. 1 ) Entering New Markets
Going Global - The theme of the 21st century as new technologies have made the
earth seem flatter. Small businesses and startups everywhere have benefited from
the internet opening up new markets that were previously inaccessible. Today, an
artisan in Nepal can have a global customer base. This phenomenon was never before
possible.
However, the innovation in accepting foreign payments hasn’t been quite up to speed
with the innovation in telecommunications, until now. At the turn of the century, we
saw more online banking services; although, these services were focused in Western
countries. So, even though, an artisan could open up an ecommerce site in Nepal, how
that craftsman would get paid is a completely different story.
Foreign credit card payments are typically flagged, especially when they are large.
There is also a lot of risks for the merchants; because, they don’t know if the card-
holder is the card owner and can face large chargeback fees.
A website aptly named Practical Ecommerce, outlines the risks of accepting credit
cards: “These [international] businesses usually take credit card payments for the
orders, which puts them at great risk of incurring chargebacks, especially for large
ticket items and large transactions.” To succumb this risk the website then talks about
the benefits of using bank wires instead; however, there is a plethora of personal data
like your account number that you must provide to accept these payments and they
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5. even advise “You should refrain from giving out your banking information to just
anyone.”
Credit cards weren’t made for the digital era, in fact, the ‘modern’ credit card was
invented in the mid-1900’s and by 1970 over 100 million credit cards were already
circulating around in the US. To help secure credit cards for the internet, the credit
card industry introduced the card security code, the three digit number found on the
back of your credit card. This security measure wasn’t innovative for the coming of
the internet since this code could be obtained by another person holding your credit
card.
Thankfully, today there is bitcoin, a technology that can act as a currency and with it
many merchant service providers like CoinPip that can process these payments for
you. Bitcoin removes the risk of chargebacks for merchants and merchants can easily
exchange their bitcoins for their local currency to eliminate volatility risks. Luckily
for you, CoinPip gives you, the reader, a special, 1% flat transfer rate (Make sure to
claim your special promo code.)
Bitcoin is great for accepting international payments because it doesn’t require you
give any personal information over, and you don’t have the chargeback risk. Also, in
comparison to international wire transfers, you can receive your payments instantly
instead of waiting several days.
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6. 2) Manufacturing Overseas
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. In the past few decades, Western
countries have transitioned from manufacturing to service-based economies. Free
trade agreements such as NAFTA (North American Free Trade Agreement) helped move
manufacturing from the US and Canada to Mexico because it eliminated protection-
ist policies and tariffs. However, as countries like Mexico and China become ever
more popular for manufacturing, prices have gone up and have driven price sensitive
products to be produced into periphery markets with even cheaper workforces. It
has been over twenty years since NAFTA was signed, and research has shown that it
didn’t cause the decline in jobs in the US that people feared. However, NAFTA didn’t
result in substantial economic gains because the U.S. tightened up security at its
borders post 9/11 which inhibited the flow of goods, people, and information.
Free trade agreements are becoming more prominent; the US is expected to close a
free trade agreement (FTA) with Europe in the near future. The United States is also
in the process of negotiating the Trans-Pacific Partnership a regional free trade
agreement with with Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia,
Mexico, New Zealand, Peru, Singapore and Vietnam. This will reduce barriers for
firms to exchange goods between these economic zones and increase trade flows.
“In 2014, 47 percent of U.S. goods exports went to FTA partner countries,” according
to the International Trade Administration.
These FTA’s will help countries and geographic areas specialize even further at a
specific trade, and a firm can have resources in each area to make the best product
possible. Apple, for example, has over 200 suppliers for its products that are located
in over 25 countries.
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7. 3) Hiring foreign staff & going remote.
Outsourcing your manufacturing is one thing, but hiring staff in foreign countries
is another, and it has numerous advantages. 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.
Paying these employees, especially ones that live abroad, is probably the biggest
concern for employers since overseas payments are troublesome and time-consuming.
One of our goals at CoinPip is to make this process easier for businesses. We streamline
remittances and international payments for you to focus on what you do best instead
of on payroll.
Managing these international teams used to be a headache, but thanks to
telecommunication tools like Basecamp, teams can share ideas quite fluidly.
Basecamp is great for groups that have freelancers because you can include them
in the projects, and it makes it feel as though everyone is in the same room. “If we
were only trying to hire in Chicago, we’d never have the world-class team we have
today,” says David Heinemeier Hansson, creator of Ruby on Rails and founder of
Basecamp.
For design-centric projects, there are also tools like InVision App. InVision helps
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8. designers, engineers, marketing staff and whoever else wants pitch in to streamline
the design process. It has no longer become a necessity to be in the same physical
location because people can use a common digital workspace.
Chances are the best people in the world for whatever you are doing don’t all live in
the same place. People have families and lives outside of their jobs that might not let
them uproot their lives to work for some company. People also enjoy and appreciate
the freedoms that are endowed to them, such as working within their schedule and in
their comfortable environment. However, there are many reservations against
part-time and full-time remote workers; so, it depends on your working environment.
It is important to consider your employees work-life balance. Although remote
working has become more commonplace, employers are using this to extend their
employees working hours for their salary workers. While working at home is nice,
putting an addition workload on your employees when they should be enjoying their
time at home is not fun, and you may want to consider hiring more 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
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9. 4) Hiring for short-term projects
Many times firms will have extra work that may not be attributed to any particular
employee because of other prior commitments. This can come at truly stressing
times like launching a new product or entering new markets. This extra work, may
not require additional full-time staff due to its limited nature, but it can be overburden
some for your existing team to take on. Companies may feel that it is easier to pass on
to existing employees rather than go through the hiring process for a temporary
worker. Although, you would be surprised by the amount of highly skilled freelance
workers that are in the workforce.
The need for this type of work has spurred the development of websites such as
oDesk.com (even we use them) 99designs.com and fiverr.com where you can look
for freelancers whether it be for designs, written content or accountanting. These
websites even have built in payment tools to pay your freelancers; although, you may
want to consider alternative methods to pay them since fees can be upwards of 10%.
If you feel uncomfortable using people from these sites, it may be best to start slow.
Additional concerns may revolve around sensitive information, where employees
needed to be vetted. For these types of projects, it may be best to look at your
employee’s network.
Going global can be a daunting task considering you are venturing into the unknown,
but the opportunities are enormous and rewarding. The internet has broken down
the barriers so that even small businesses can take on the task. New payment
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10. mechanisms have made it easier to transfer value, and new management tools have
made having a global team more than manageable.
Already have a remote team? Have you thought about all of our points above
and need to start paying them?
Becauseyousignedup,yougetanexclusive,1%feefortransferringmoneyinterna-
tionallyusingCoinPip. Simply email us at joinus@coinpip.com to claim your offer
and get started sending money, cheaper, faster. Also, feel free to email us with any
questions or comments you might have.
Where are points 5, 6, and 7?
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