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A Guide To Fueling Up Your Project

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Posted 28th April 2014 at 08:40 AM by MobiDev

The IT sphere is firmly into business nowadays, and it is business in itself. Some entrepreneurs try to enter the blooming mobile market for finding customers, some launch startups that revolve around mobile products. Business people are well-acquainted with urgency, and if you are planning to build a software product for whatever business purpose, you'll face urgency even closer.

Maybe you are facing it if you've already launched the project with an in-house team, which is failing to deliver results in time. Maybe you are building a startup and have strict deadlines as for having ready software; and you don't know whether it will become successful, and you don't want to run the risks of creating a costly in-house team from scratch.

The Three Ways Of Solving The Problem

But whatever the situation is, you need to find the people that will get the job done, and done as fast as possible. Delays cost money, delays cause missing the right time for product launch. Then consider that hastily built software products may be of low quality and thus rejected by users. How can you resolve all of these problems with minimum financial risks? We can suggest 3 solutions:

Way #1
You may hire more people for an in-house team, as many as needed.

Pros: these people will be literally close to interact with your existing in-house team (if there is one).

Cons: it takes time to find the specialists you need, to provide them with equipment, and you need to pay them full salary, whether they work on your project or not. All of these points mean potential losses of money and time, the factors that are equally crucial.

Way #2
If you have an in-house team and you don't want to hire more people, you may simply wait until the job gets done with the resources you have.

Pros: your HR department (or you personally) don't get distracted, and you don't need to invest more money to cover the downsides of Way #1.

Cons: here we return to the beginning, the condition when deadlines cannot wait (in case you have already started implementing a launch plan).

Way #3
If you have this urgency, and if you don't want to miss the moment, you can outsource the software project. There are different ways to look for them, including simple googling. But the most popular way is surfing specialized freelance marketplaces (such as Elance, oDesk, Guru, Freelancer etc.).

Pros: this will save you lots of time, since specialized freelance marketplaces are tailored to make hiring people and outsourcing projects easy and transparent. Another bright side is that outsourced staff generally costs less because of lower average salaries, and every downside of Way #1 is already included in their hourly rate. Specialized IT companies have the expertise and equipment to build your software.

Cons: just like you search for a car, a suit, a wristwatch that suits you best, you need to find the software contractor that's capable of delivering a product of quality, a contractor whose terms and conditions are flexible enough to match the way you do business.

Is A Freelance Marketplace The Solution?

If we compare these three solutions, we'll clearly see that outsourcing your IT needs through freelance marketplaces can become the most convenient and the least costly way of bringing your project to life. Not only do they serve as platforms for search, but as well provide resources to carry out the project, payments, and track the time that is spent by your outsourced staff (a freelancer or a company), and their achievements, so that you would know what you are paying for.

It bears just one problem: you need to find a reliable contractor. And if we take a further look, we'll see this task is quite overcomable. Such large marketplaces as, for example, Elance, have a system of ratings (you may start checking from the top), and provide all the information about potential contractors that you might need. This includes descriptions, rates, number of projects, testimonials, etc.

Freelance marketplaces offer services of development companies and single freelancers. Depending on the task you have, choose what's better for you. Freelancers are good for smaller tasks, and might be the solution if your team substantially lacks one person, say, a designer.

You should also consider the location of your potential contractors. For example, East European developers match high standards of IT education and much lower average salaries, than, say, developers in Western Europe and the US. At the same time take notice that very low prices often bear the risk of questionable quality - too low a price may not be reasoned.

The Solution That Saves Time And Money

Think of all the pros and cons and choose the solution that fits your own business approach. All else depends on subtleties of the project and on your own ideas and goals. Whichever way you choose, it must be the solution that will save time and money - the money that you'd spend tons more efficiently on your project. Here the success of your business depends on you.

See more:
How To Raise Funds For Your Software Project
How To Determine Your Startup's Target Audience
How Software Projects Are Estimated (Part 1)
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