Did you know that many services such as Skype and PayPal were created by outside teams? Boeing also relies on third-party vendors for software development to their planes.
This option is actively being adopted by businesses around the world. The global outsourcing market has grown to 95.2 billion USD.
However, it is important to learn how to source wisely.
We’ll show how in this article.
Define what you want to outsource
You will have a clear understanding of the scope of work you need to outsource at the beginning. There are generally several options:
Software development outsourcing
– Outsourcing security maintenance
Software testing for outsourcing
Once you’ve made your decision, you will have a better idea of the future vendor.
Allocate your budget
Once you have a clear understanding of the scope of work, calculate your budget. Software development rates may be available on platforms such as Guru, Indeed, Upwork and Indeed. But this is only part of the story. You also need to be able to:
– How many people are involved?
What jobs will they do?
– How many hours will they devote to the project?
Asking prospective contractors is the best way to find out this information. A software development company MLSDev offers a free budget calculation and a timeline to potential clients.
Once you have a clear idea of the roles and time required to hire people, start looking for companies.
Find out more about outsourcing.
You should know by now that the world is divided into various outsourcing areas. Each has its pros.
Outsourcing costs in Eastern Europe, for example, can vary greatly between the United States and Eastern Europe. The average cost of a software developer in countries such as Ukraine is 40 USD. In the United States, it can go up to 100 USD. These differences can be caused by many factors. Taxation is the most important.
It’s best to hire vendors in your local time zone if you need to outsource urgent tasks or to keep in touch with your vendor during working hours. You can explore other options if there’s no urgent need.
Select a vendor
Do your research when it comes to choosing a vendor. This includes:
– Review the company’s history on platforms and aggregators
Visit social media
Visit their website to check if they are regularly updating.
After that, prepare a list and interview potential vendors. You will get the following:
A long list of contracts from the past
Referrals
– Awards and certifications
– Clear estimates
Once you are satisfied with the above points, outsourcing may be an option. One more thing. Your future vendor may mistake your needs. Inc.com recommends carefully drafting the Scope of Work Agreement and agreeing to milestone payments in order to avoid a disaster.
You are now all set
Outsourcing software development is not an easy venture. However, once you have found a trustworthy vendor, your outsourcing project will pay off big.
Author’s bio: Anastasiia lastovetska, a technology writer at MLSDev is an application development company that creates web and mobile applications on your own. She studies the technology industry to create great content on application development, UX/UI design and tech & business communication.
