It takes only an idea to be successful when it comes to the business. Of course the capital plays a very important role in any venture, but the out of the box ideas, innovative bent of mind and confidence are the most rigid factors that lead to success. Today’s space is full of budding entrepreneurs with all these qualities, but I have come across many young Turks who have brilliant ideas, but drop their ideas due to the scarcity of resources. For these kinds of startups there is a very good option to make their dream come true and that is ‘Outsource development’. This term is little known and used by the businessmen, but you would be greatly surprised to know that few of the most successful startups used this strategy to launch their highly valued businesses. Here is a list of startups that used outsourced development strategies for enhancing businesses:
The Company today sits at a valuation of $3 billion, but in its early days, it chose outsourcing to develop its solution.
This is a household name for everyone today, but the company took the help of developers in Estonia to build their business.
This name too is very common in the business of outsourcing professionals and freelancers, but very few people know that it used the same model in its starting phase.
This company has numerous people who did the entire work from home.
The company was very bullish on its model and instead of hiring professionals, it outsourced the work from people of different locations and in this way, it made a global presence.
This company too, took the help of people from China, Israel and India to work on hardware, engineering and quality assurance.
This startup relied on the other countries to create and implement its platform.
Even technology outsource companies have used outsource talent in order to grow its business as in the case of Solix.
The company outsourced the development of its mobile payment platform.
This company iPhone email client solution provider owns a lot of gratitude to an outsource service provider that helped with many of the technical aspects of the solution.
You would be astonished to know that this mobile app development company has used outsource providers to create many of its current apps.
So these were a few of the startup companies that rose to new heights in spite of the lack of resources. These stories are enough for anyone with an entrepreneurial bent of mind to start a venture. The biggest benefit of outsourcing is that it is much more economical than having an in-house team and in addition to this, you also don’t have to waste time and resources training people as freelancers are perfect in their work. In this way, you would be able to grow quickly and that too with a small amount of capital.
From the above mentioned facts, it is clear that outsourcing your work is very cost-efficient but , before you start with the outsourcing, you have to test various professionals or outsourcing agencies in order to get the best man to do the job. It would be a bit tough in the initial phase, but once you are done with this, the rest of the work becomes quite easy. A very well known phrase says "well begun is half done"
He is an amateur writer. The etymology of "amateur" suggests someone who works for love rather than money.