When you partner with outsourcing software development companies, you will receive several benefits like on-demand developers, pocket-friendly prices, and well-qualified highly skilled developers.
To take advantage of those benefits, companies are going for offshoring. And without facing any hassle, they can hire qualified professionals; because of those quick deals, they will get more time to focus on core competencies.
From the last few years, offshoring has become a multi-dollar business. Software development companies must get the maximum benefit from it, and that’s only possible by finding the right Outsourcing development partner.
But before you start finding your partner, I want to suggest you research the following points, which help you get to know why you require an outsourcing software development team for your project.
- Finding the right talent
- Bringing down development cost
- Leveraging Outsourcing market
Never choose your outsourcing partner in a hurry, have a look at a few serious factors that come into play. Sometimes a lack of trust, mismatch of expectations, and lack of transparency between partners become the reason behind the agreement’s failure. For any kind of deal, mutual trust has an important role in success. I am here going to discuss five key points that you should keep in mind when you are going to do the partnership with an Outsourcing software development company.
Important Points To Consider When Engaging An Outsourcing Development Company
- Expertise and size of the partner company.
You can see many companies offer similar services, when you find an Outsourcing partner for your software development work. Seeing multiple companies offering similar services will put you in a bunch of stress and confusion and not let you decide which is the best partner for your organization. Before taking a final call, determine what kind of partner you require, your partner’s specialization, and what size of development team they are having. Do they have a skilled team of front-end, back-end, UI-UX designer, DevOps, business analyst, QA, project manager, and other technical expertise? I want to suggest you never choose an organization that offers multiple outsourcing services; go with a specialist one.
- Specialization and knowledge
The organization with which you are doing a partnership must have a product development DNA. your partner with the required maturity and partner with well aware of product life cycle management should have product development experts. They have specialized skills in product design, product modernization, product conceptualization, and documentation.
Even the developers should be capable enough to adapt to the future change and requirements of end-users.
- Considering the total cost
Cost can play a significant role in any kind of partnership; you need to discuss the price with your partner vendor before closing the deal. Take a quotation from your partner to avoid future confusion. Take a deep look at your product’s potential and decide the amount that you should need to spend on that.
When you find your suitable partner, you might meet one of those organizations that offer services at competitively lower prices. But, have a deep look, put effort into research, and identify their work quality and hidden cost, which can put you in trouble later on.
- Product ownership
The very first thing that you need to decide is how you want to develop your product. Based on the available option, you can build your product or buy it. You can also take the company’s software solution for some time.
But, if you have a unique idea about your product, it is hard to replicate. At that time, you need to search for a partner who completely transfers ownership once the product is wholly developed. So, if you did enough research about these aspects, you can easily find suitable partners for you.
- Adopting the suitable methodology
If you want your return on an investment to be high, always find a partner who is compatible with different methodologies like Agile, Waterfall/Cascade, and RAD. However, no need to be surprised by the fact that you will get more benefits from Agile methods than traditional Waterfall or alternative methodologies.
Points that need to be asked from the Outsourcing company before starting cooperation?
Questions To Ask
To make sure that you will get enough benefits from the outsourcing development company, you need to ask some questions that give you a clear understanding about the company and their work ethics. There are many questions but the following are the most important among them, you must ask these questions to outsourcing companies before starting cooperation.
What are the company’s reviews and ratings?
Very first question you need to ask to any outsourcing company is their track record. It gives you a clear idea and understanding about the company’s capabilities. You can also get to know about their reputation by taking their review from the previous work. You should always ask the company to show you their previous work that is similar to your requirement.
How Can your company cater to my needs?
Outsourcing company should be capable enough to fulfill your needs, it is important to identify the potential of the company. Some companies have their specialization and expertise in a certain field, so you need to choose the company which matches the specialization and expertise you require for your project. Their case studies will help you to know about their specialization and expertise in a better way.
How will the hired resources work on my project?
It is crucial to know the potential of your company’s staff, at the end you have to work with them. You need to know about the working approach of staff, how longer they can work, and estimate time. After knowing these you will get to know about the outsourcing services quality of the company. Knowing about how staff manage their work will also give you understanding about their work values.
How will get I daily update on project progress?
Different companies follow a different approach for work, So, you need to identify whether the working method of an outsourcing company will be beneficial to your business or not. If the outsourcing company offers a personalized solution and follows an agile methodology, then it will be a great advantage for your business.
How can I ensure the security of my project?
When you engage with any company for work, sometimes you may have to share some confidential data like products, data of company, services, process, etc. In that case, you need to understand the outsourcing company’s regulations and rules, and let them know about your regulations and rules. By doing this, you will be sure about the security issues.
What are the details of the contract?
Reviewing the contract in detail is very important while hiring an outsourcing development company. If In contract, you find some point which you are unaware about, you must ask and get a clear idea about the whole contract. It would be more advisable to get the contract review by profession before signing.
How can you help me save money?
The indirect and ultimate goal of any business is to save money. While you choose the outsourcing company, you must take care that the cost of service will be at your convenience. And you should always ask for a transparent breakdown about the expenses. To get the maximum benefit of the outsourcing services, you should alway make sure that you choose a reliable outsourcing software development company.
How much should an Outsourcing software development cost?
If you will do the research about the outsourcing software development company cost. You will get to know that development costs are different in the whole world. There will be differences in the development cost region wise.
We can divide the world in four parts to get a better idea about the outsourcing development cost: Europe, Asia, North America and South America. By knowing the outsourcing software development company cost in these four regions will give you a better idea about the overall and ideal outsourcing software development company cost.
Let’s talk about Europe first.
When you hire an outsourcing software development company from Europe, their price should be between $20 to $170 per hour. It depends on their knowledge and expertise of the field. You will never face the language barrier with the European companies, as English is always their prior language.
Now let’s talk about Asia.
Whole world knows Asia as the hub of outsourcing and whenever someone talks about the outsourcing software development company, Asia always comes first in mind. In Asia, hourly rates of developers are around $60 – $70. Based on the expertise of the developer, it could be high. Price is very affordable, compared to the quality and efficient work Asian developers offer. India should always be the first priority when you think about the outsourcing software development company from Asia. Indian developers can also follow the Europe time period and do the work at the time of company’s requirements.
Let’s see the cost of North America and South America.
When we talk about North and South America, the USA becomes the topic of the discussion. The USA is known as the world’s technology hub. And it is obvious that you should consider the USA when you are talking about outsourcing software development companies. But the rates of USA developers are highest compared to other regions. rates of senior developers in the USA is around $140-200 per hour. If you compare the USA and India’s overall development cost, you will get to know that it is almost twice as much as in India and that’s the reason India is popular and companies prefer India to Hire Outsourcing Software Development Company.
Within the points mentioned above, you need to also look for a software development partner who can build core business applications and that is able to handle critical business operations. Your offshoring partner should have experience and expertise in every aspect of the product development cycle and understand your users’ requirements. If you are looking for Outsourcing software development services, contact one of the best and keep these points in mind.
Chandresh Patel is a CEO, Agile coach and founder of Bacancy Technology. His truly entrepreneurial spirit, skillful expertise and extensive knowledge in the Agile software development services has helped the organisation to achieve new heights of success. Chandresh is fronting the organisation into global markets in a systematic, innovative and collaborative way to fulfill custom software development needs and provide optimum quality services.