As the world got more connected, startups have started to outsource product development to global talents. The apprehensions surrounding outsourcing are no more valid as high-quality resources have become available on-demand, leading to product quality and faster time to market.
Startups can now instantly gain a competitive edge by outsourcing their product conceptualization, designing, and development to focus on other key aspects of running a business.
Sometimes startups rely on themselves to develop the product, market their services, recruit talent, and more. This leaves a huge dent on their resources and exhausts in-house employees, who have to wear multiple hats to keep the company moving.
Outsourcing their product development is the ideal choice they have, fortunately.
When to consider Outsourced Product Development
If you are a startup with a killer product idea, here are some of the scenarios when you should consider outsourcing your product development –
When You Need to Validate your Product Idea
Validating the idea for a tech product is a must if you don’t want to waste resources building something that gets no traction at the end. By developing a POC or prototype followed by an MVP (Minimum Viable Product), you can test the feasibility and success of your product before investing a lot into it.
An outsourced product development team can be your best bet at developing a functional MVP that gives you an opportunity to test the waters without investing significantly in it. Use an outsourced development team to cut back on hiring expenses and the hassle associated with recruiting.
When You Need Scalability
The demand for human resources in the initial stages of your start-up is not linear. Neither is it predictable. Working with an offshore software development company will give you the much-needed flexibility to scale your resource requirement up and down without having to worry about costs a lot.
Outsourced software product development services give you the agility even if you are not entirely sure how many developers or testers you may need to work on your product at various stages. You can simply choose to scale up and down as you go.
When You Need Access to Domain Expertise
Outsourced software development companies typically work with organizations in a myriad of industries. Choose one that has the core domain expertise necessary to build your product.
This team will be able to understand the underlying business model beyond the programming part of your product. It is essential for your development team to know the real-world use case of your product so they can make suggestions as to what will lead to your product’s success. Such a team will also be able to help you with your product definition.
When Top-Notch Tech Expertise is Important
As offshore software development companies work to build several software applications every year, their employees have the level of tech expertise you can’t feasibly hire. For example, you might find it hard to hire good technical teams with expertise in cutting-edge technologies such as IoT, Mobility, Cloud, and AI. However, you could get ready access to this talent with an offshore software development company.
So, hire their best talent on contract and use their knowledge and experience to build your product. Most of the outsourced product development partners come with a team of individuals well-versed with how the product development process works and what it takes for a product to hit the ground running.
Use an outsourced product development team that has the core tech expertise you want to leverage now or in the future.
When You are Developing a Complex Product
It might feel overwhelming to think about managing a complex tech product in-house. This is where an outsourced product development team can help you. Outsourcing helps you streamline the development of a complex product.
An outsourced software development company can better handle development complexity by breaking it down into manageable parts and taking care of each separately by using modern methodologies such as Agile and DevOps. With a diverse set of skills and domain expertise, they can cater to the various aspects of your product seamlessly – including design, development, testing, and deployment.
This way, you can free up your internal resources to focus on other core purposes, such as marketing, customer service, and lead generation.
When you Want to Optimize your Costs
It costs less to work with an outsourced product development company in India than to work with a local company or team. This is why most businesses are now looking to hire reliable talent for offshore software product development in India.
Besides that, you don’t need to spend time on the recruitment process, and you get to the market faster. Moreover, you also save on the space and IT infrastructure you would have to otherwise allocate on in-house resources, slashing costs further.
When you are looking for Enhanced ROI
An offshore development team develops a robust product for your business, taking care of factors including but not limited to its security, performance, and scalability. Therefore, outsourced software product development brings enhanced ROI for your business.
You gain from investing in the right development team and spend a lot lesser than you would with an in-house team of developers and testers. Accessing world-class capabilities also helps improve your ROI significantly.
When you need Business Thinking
Often, startup owners need to wear many hats as they get involved in several integral aspects of running their business. At the same time, when product development lies in-house, it can get tricky to maintain focus on these areas.
An ideal outsourced product development partner will have its leadership team involved in their product definition and design. With their industry expertise, domain knowledge, and technology acumen, they will help you transform your idea into outstanding products without taking up too much of your bandwidth.
As the world gets more and more global, even startups need to cater to a global audience. With an in-house local team, you only know what your customers there need. However, by working with offshore software product development companies in India and other countries, you gain a global perspective on your target market and engage people from around the world.
Pratiti can be your ideal partner for outsourced product development if you are looking for services in SMAC, IoT, and AI with Agile and DevOps development processes.
Talk to one of our software product development specialists now.