4 Reasons Outsourcing Your MVP is a Smart Move
Web and mobile development can be one of the most costly components for any early stage company. However, there are ways to reign in the high costs of creating your minimum viable product, or MVP, and one of the best ways is to outsource the development to skilled professionals outside of the United States where rates are far more affordable.
When developing your MVP, your startup can have a major competitive advantage if you find the right offshore company that resolves all of the pain points for you regarding access to talent, technology, and product development expertise.
Here are a few tips on where to begin and why you should consider outsourcing the development of your MVP.
More Bang for Your Buck
The cost to hire a developer overseas is significantly lower than hiring local developers with the same skills in the US. One of the biggest benefits of outsourcing your MVP is that you can use those savings to build a more feature-rich MVP. Outsourcing allows your startup to reduce costs without sacrificing quality — especially if you take the time to find the right company for your project.
Shorter Commitment
Perhaps the most overlooked benefit of outsourcing your MVP’s development is the ability to bring an expert to your team on a short-term basis without a long-term commitment. Think how much you’ll save if you don’t have to pay another salary or any of the other long-term expenses involved with hiring a full-time employee.
You also won’t have to worry about letting go of a team member should you need to scale down in the future, or stress that you might lose your team member should your project move in a different direction. By outsourcing your development work, you can hire expert programmers only when you need them, or lower their workload should you need to cut costs.
Save Time
Adding a full-time developer to your team requires someone who is not only a good fit from a skill perspective but also a good cultural fit for your team. And finding this person can take much more time than you think. The hours required to announce a development job opening, interview candidates and find the right match for your team could be time spent working on your MVP with an outsourced team instead. Saving time from hiring also means a faster time to market for you.
Ongoing Partnership
Let’s say you’ve successfully developed your MVP, and now you’re ready to raise funding for your startup. You may want to start hiring an in-house development team (this is something VCs are very interested in seeing when they invest in startups), so you can easily reduce or end your arrangement with your outsourced development team. In the future, should the need arise, you can always re-hire developers to continue their work on a project or transition a project your in-house team. The best part of an outsourced development team is the flexibility they provide. They can be there whenever you need them, and for however long that you need them.
Outsourcing your MVP development work is one of the smartest options for cash-strapped startups that want to get their product to market as cheaply and efficiently as possible. In particular, South America is on the rise as a key outsourcing destination thanks to its proximity to and cultural similarities with the United States.
If you’re interested in hiring an excellent team of developers specializing in helping startups develop their MVPs, Gigvy can get your startup set up with an amazing development team located in South America. Our developers are not only passionate about meeting your goals for developing your MVP, but they also have open availability, are completely transparent, and reliable.
After you submit your MVP idea, you’ll receive a guaranteed price quote and start working. You can then check the status of your product with your assigned project manager as needed.
Gigvy product managers are passionate about what they do and will provide you with regular progress updates and feedback on your MVP, so you know exactly how it’s going. Get in touch with us today for a free quote!
