If a limited budget is stopping you from starting your own company, you need to consider offshore software development. But what is it? How can it help you? What are the best practices? We take you on a quick tour of offshore software development. Embark with us!
What is Offshore software development?
To put it simply, offshore software development is outsourcing software development to a third party company. You can hire development agencies for various tasks like mobile app development, web development, software development, and many more. The word offshore implies you’re hiring a company far away from your native country (the one where your headquarters are situated).
But why would you outsource to an offshore third party developer?
Because money matters!
Eventually, when you are starting out, you are short on funds. Outsourcing helps save major bucks.
Here are 5 most important things you need to know about offshore software development:
It reduces your development budget
Companies on a tight budget often rely heavily on offshore outsourcing. This may not be a temporary solution. There are several companies that build lasting networks and coordinate with offshore companies for years. Focus on building a solid working relationship and you’ll see fruits in no time.
Having a partner company offshore gives you a competitive advantage. You have your own low cost team for research and development that helps you scale up much faster.
Huge talent pool
You get access to an experienced talent pool at much lower costs. An experienced senior developer in India might charge less than a junior developer in the US.
You need an NDA
Offshore development does come at a risk. But there are ways to deal with those as well. Your offshore vendor can steal your idea. So how do you protect your interests? By signing Non Disclosure Agreements! Get in the habit of signing NDAs.
There will be cultural differences when you are hiring an offshore software development company. How you sail through them will impact your successful working relationship in the long term. There could be misunderstandings due to communication gaps. The simplest and the most effective way to deal with this is to keep the communication line open always. Understand your vendor’s culture a bit and keep communicating!
Is there anything else you would like to add about offshore software development? We would love to know your thoughts about it. Comment below.