Why Outsourcing is Important For Startup Product Development?

Make no mistake, the novel coronavirus is as big as a problem as it gets. But the world will eventually come out of it. At that time, would you want your startup to take its time to freshen up and understand the needs of the market? Or would you want to start preparing a great software product so you’re ready?when the market needs it most?

Yet, there are few businesses that are fortunately?working as smooth as ever, especially in the?software outsourcing sector.

So if a business (maybe yours) is unable to work on an in-house software project due to COVID-19, is it a wise choice to outsource it to an?offshore software development company? Why outsourcing is important? What are the benefits of outsourcing a software development project?

Benefits of Outsourcing

There are multiple benefits of outsourcing IT and software development services . let’s start with cost.

Cost Cutting: In fact, according to a research, 87% of US companies outsource product development to save cost.?Outsourcing provides a global talent pool at a low cost.

The risk is lesser: Since the outsourced teams work on flexible models the risks are definitely lower.

Its faster: Outsourcing the development helps in faster development with the Agile model and helps in tremendously reducing the time to market.

Technical expertise: You may be new to the market. That’s not an issue until you have technical expertise with you. If you already have that, then it’s good, however, if you don’t- then it is better to outsource.

Free time up and more focus: One of the greatest benefits of outsourcing is that you free up your time for other important things. This helps a lot.?This image will show you some other reasons why is outsourcing important:

Key steps for your startup to effectively outsource product development

Choose right vendor: One of the important points to consider?while selecting a vendor for outsourcing development is the flexibility of hiring models. It is also important to evaluate the portfolio of the hiring vendor to understand the level of specialization in different business verticals.

Defining the scope of the project: Defining the technology with which you wish to develop your product is another crucial decision. This also helps in defining the skill levels of the teams you wish to hire. The outsourced teams must be clearly communicated about the expectations and the milestones. This helps in developing mutually beneficial relationships with the outsourcing partner .

Communication: A continuous communication helps you to finish tasks smoothly. ?This is helpful in improving project productivity levels. Motivating?remote teams?with incentives and appreciation is helpful in getting better business results.

Wrapping up:

Looking to outsource your startup project? Here are some key benefits of outsourcing you software development needs to ValueCoders :

1. Flexible hiring models
2. Advanced technical project consultation
3. Agile methodology and timely project delivery

ValueCoders (a?leading software development company?in India) provides expert agile teams for all kinds of startup site and?application development. We have teams across all our departments, all 350 of them working remotely to assist all your software development outsourcing requirements.