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Tag: outsourcing

  • Backlink Analysis – How to evaluate quality links (Ultimate Checklist)

    How do you check the quality of your backlinks?

    I have seen different approaches with different clients.

    Somewhere, It may make sense. Because everyone has their own objective of building links.

    It depends on the competition of that particular niche they are working in as well.

    Whatever, a quality link is what everyone wants.

    But, How do you determine the quality of your backlink?

    The very first and most important step of Link building Campaign is, choosing the right websites from where you want to build the links.

    If you go wrong in this step, your entire campaign will fail.

    Thus, always make sure you are focusing on the right metrics while choosing websites to build backlinks.

    But unfortunately, in most cases, lack of knowledge is a drawback in building links.

    I have seen most people run after vague metrics and end up losing money and time.

    Common mistakes while evaluating the quality of backlink:
    What are toxic backlinks?
    What makes a Backlink Toxic?
    How to avoid it?
    How to Remove Toxic Links?
    List of my KPIs:
    List of my Backlink Analysis Tools:
    FAQ

    Common mistakes while evaluating the quality of backlink:

    1. Focusing Only on DA and DR.
    2. Don’t consider the traffic.
    3. Don’t check the outbound links of the referring domain.
    4. Don’t check the Referring domain IPs.
    5. Don’t use the relevant anchor text.
    6. Don’t check the top keywords of the referring domain.
    7. Don’t check the Spam Score.

    What are toxic backlinks?

    Toxic backlinks are links that are unnatural on Google’s eye. It can impact your SEO badly. It can happen naturally as well. Thus always keep an eye on your backlinks.

    Here, I have listed a few parameters:

    • Low Domain Authority.
    • Mirror pages – Too many backlinks coming from the same anchor text.
    • Spam sites or the sites which are built for only link building purposes.
    • If the site is not indexed.
    • Links with unnatural anchor text.
    • Trust flow = Null.
    • Links those marked as sponsored.
    • Hidden links from the website’s footer.
    • Links that are forced into blog comments.
    • Free google links ( Ex: Google Maps Links).

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    How to avoid it?

    • Don’t build spammy and irrelevant profiles, directory and web2.0 links.
    • Don’t build reciprocal links.
    • Avoid Too many Keyword rich or exact match anchors.
    • If buying any links, always check relevancy, indexing status and referring IPs.
    • Avoid Links from spam comments on blogs or forums.

    How to do Competitor Analysis for Website? | Analyze Competitor Website
    Competitor analysis refers to identifying competitors and evaluating their strengths & weaknesses. Different competitor analysis tools can be used to analyze competitors like ispionage, adwords, etc.
    StartupTalkyRishabh Rathi

    How to Remove Toxic Links?

    • Contact Site owner, publisher or editor.
    • Disavow Links.

    Here I have prepared a checklist of KPIs that people used to follow while determining the quality of a link.

    1. Domain Authority/Domain Rating.
    2. Organic Traffic.
    3. Link-type should be Do-follow only. No sponsor tag or no-follow links.
    4. Check if it is indexed on Google or not.
    5. The number of Unique Referring Domains.
    6. Relevant or natural anchor text.
    7. Alexa Rank.
    8. Trust Flow.
    9. Citation Flow.
    10. Spam score.
    11. The number of outbound links.
    12. The number of inbound links.
    13. Social shares
    14. Site and Page relevance – Similar niche or relevant sites.
    15. Referring IPs – to check PBN.
    16. Domain Age – Usually, Old domains have more authority.
    17. Link Location- Header, footer, left sidebar, right-sidebar, body.
    18. Quality of the keywords they are ranking.

    But to be honest, I don’t follow all the KPIs mentioned above.

    List of my KPIs:

    DA/DR – Must be higher than my website. It should be 30+ at least.

    Organic Traffic – Always Check the trend of organic traffic growth. Ensure the traffic is growing exponentially. Organic traffic should be a minimum of 5k on Ahrefs. Though, it may vary with the different niches.

    Growth of traffic on Similarweb
    Growth of traffic on Similarweb

    Link Location – Ensure you are getting links from the body of the content.

    Link Type – It should be Do-follow. A no-follow link does not add SEO value.

    Spam Score – Always check the Spam Score on Moz. It should be under 5 %.

    The number of outbound links – Always try to build links from the websites, which are providing very few and relevant outbound links. Avoid websites that are giving numerous outbound links to irrelevant websites.

    Check Outgoing Links from Ahrefs
    Check Outgoing Links from Ahrefs

    Site and Page relevance – Build links only from the relevant niche websites. The link must look natural inside the body of the content.

    Relevant or natural anchor text – Always use relevant anchor text. Don’t make your anchor text keyword rich.

    Indexing Status – Always check the link you have acquired, if it’s indexed on Google or not.

    Referring IPs – If you are buying links from cheap sellers who used to provide you with a list of 50 sites, then always check the referring IPs to check if those are PBN sites or not. Building PBN links is risky, Once Google identifies, you will get penalized.

    Quality of the Top-Ranking Keywords – It is important to check the top-ranking keywords. It will give you an idea about the quality of the traffic that a particular website is driving.

    What is Reputation Audit and How you can do a Reputation Audit For Your Brand?
    Analyzing what people think about your brand is very important. A Reputation Audit can help you to skyrocket your sales and grow your business.
    StartupTalkyDev Gupta

    Ahrefs – To check referring domains, keywords, anchor text, traffic and Referring IPs.

    Moz – To check DA and Spam Score.

    Majestic – To check Trust flow and majestic.

    Similarweb – Monthly Pageviews

    Conclusion

    According to myself, the value of quality links will always remain a key factor in SEO. Link is a fuel that helps to scale your traffic rapidly.

    Once you implement On-page SEO, technical SEO well, then start focusing on building quality links only.

    Link building takes time and money. So, always take help from professionals who can help you build a strong link profile on Google’s eye.

    FAQ

    Yes, backlinks are a crucial part of SEO as they help your brand rank higher on search engines.

    Dofollow links are the most valuable backlinks.

    Nofollow links are least common and are less valuable backlinks.

  • Business Process Outsourcing Industry Of India

    A BPO service provider usually administers and manages a particular business process for another company. In India, Business Process Outsourcing (BPO) is the fastest-growing segment of the Information Technology Enabled Services (ITES) industry. The factors which are responsible for the growth of the BPO industry in India are economy of scale, business risk mitigation, cost advantage, utilization improvement, and superior competency. Various industries have started implementing outsourcing such as information technology, engineering, business sector, etc. According to the National Association of Software and Service Companies (NASSCOM) the major reasons behind India’s success in ITES/BPO industry are abundant skilled and English – speaking manpower also India’s unique geographic location and the investor-friendly tax structure made the BPO industry in India more popular. India has been the leading competitor with various outsourcing businesses across the world for an attractive wage margin.

    Some Facts About The Indian BPO Industry
    India as a Global Outsourcing Hub
    Services Offered by Indian BPO companies

    Some Facts About The Indian BPO Industry

    • India’s BPO handles 56% of the world’s business process outsourcing.
    • The demand for Indian BPO services has been growing at an annual growth rate of 50%.
    • 70% of India’s BPO industry’s revenue is from contact centers, 20% from data entry work, and the remaining 10% from information technology-related work.
    • The BPO sector in India is estimated to have reached 54% growth in revenue.
    • The BPO industry in India has provided jobs for over 74,400 Indians. The Indian BPO sector is soon to employ over 1.1 million Indians.
    Business Process Industry Trend Globally
    Business Process Industry Trend Globally

    India as a Global Outsourcing Hub

    More than 82% of American companies grade India as their first choice for software outsourcing. A large number of multinational companies are outsourcing their business process to Indian BPO companies. India’s share of the global offshore outsourcing market for software and back-office services is 46%. Low training costs in India allow professionals to be continually updated on emerging technologies which is a critical success factor.

    Top 10 BPO Companies in India

    India is the world’s favorite outsourcing destination due to the following reasons:

    • Established telecom infrastructure.
    • Innovation and creativity along with intelligent solutions.
    • Highly qualifies and shilled manpower.
    • Cost efficiency with quality.
    • India’s conducive business environment.
    • Biggest pool of IT brains with 120,000 trained IT professionals added to the industry early.
    • Every year approximately 2.1 million graduates pass out of India’s colleges.
    • India has the largest English speaking population.
    • Cultural compatibility and friendly customer relationships.

    Services Offered by Indian BPO companies

    Customer Support Services

    BPO companies provide 24×7 customer services via chat, email, and /or phone. In any business ‘ Customer is King’ and no company can approach customer service function as noncore, expensive and unproductive service in a business. A happy, satisfied customer will bring is more customers. An effective and active customer support service will strengthen the client and customer relationship. It will give them a positive feeling about the brand. Companies also get an opportunity to upsell additional services and products to the customers through this service. Companies offer such professional, polite, and affable customer support outsourcing service to any business across the Globe.

    Pros and Cons of Outsourcing Businesses
    Globalization has transformed the whole business scenario, and the way of doingbusiness has changed a lot. There are no more limitations that were earlierimposed by geographical borders. This has increased the scope of global outsourcing. Outsourcing has its own pros and cons. What is Outsourcin…
    StartupTalkyRishita Jain

    Technical Support Services

    Technical support services can be delivered over varied communication channels like email, chat, phone calls, or using specified software. There are various technical services which are provided by companies like installation, product support, running support, troubleshooting, usage support, and problem resolution for computer software, hardware, peripherals, and internet infrastructure.

    Telemarketing Services

    India has taken 40% of the global BPO market. Companies interacting with potential customers and creating interest in the customer’s services/ products.

    The telemarketing services include:

    • Cold Calling Services
    • Real Estate Cold
    • B2B Cold Calling Services
    • B2C Cold Calling Services
    • Lead Generation Services
    • Appointment Setting Services
    • Database Selling Services
    • Customer Satisfaction Surveys
    • Teleprospecting Services
    • Cold Canvassing Services
    • B2B Telesales Services
    • Product Promotions
    • Research Surveys and Polling
    • Telephone and Web-Based Business Development
    • Up-Selling/Cross-Selling Campaigns
    • Seminar Population

    Is Outsourcing Software Developers a better choice?
    Building a SaaS product introduces a lot of challenges – especially acquiringthe right talent for the project, meeting budget and time targets. Outsourcingbrings many advantages to SaaS [https://startuptalky.com/tag/saas/]development.The offshore SaaS development process is now smoother than ever…
    StartupTalkyRishabh Rathi

    IT Help Desk Services

    IT help desk services helps businesses provide high-quality troubleshooting services to customers. There are a lot of qualified and skilled support engineers which are well equipped to provide industry-leading support for all levels of technical problem resolution.

    Some of the services are listed below:

    • Level 1 and 2 multi-channel support
    • System problem resolutions
    • Technical problem resolution
    • Office productivity tools support
    • Answering product usage queries
    • Performing remote diagnostics

    Insurance Processing

    By the potential of Business Process Outsourcing (BPO) insurance companies have minimized expenditure along with streamlining back-office operations. Outsourcing also facilitates the insurance company to carry out daily operations by forming a foundation of profitability and growth. It helps in reducing costs, survive any economic uncertainty, and most importantly set a stage for future expansion and growth.

    Services are as follows:

    • New business acquisition and promotion
    • Claims processing
    • Policy maintenance
    • Policy management

    Data Entry and Data Processing

    Data entry helps companies outsource their data entry jobs with control over applications or remote server. Companies have strong firewalls for all PCs and the latest updated anti-virus software to keep client’s data safe and secure also have high bandwidth internet lines(with backup) to provide quality online typing.

    In any business, there are huge numbers of data with valuable information. The data which are generated needs to be processed to exact findings, trends, and other business-critical information. That’s why the data must be processed, analyzed, and use the results to improve the business. This data processing service can be performed manually or automatically. There are automated tools available that process the data as per the requirement and processed data can then be used for analysis and further action.

    The services which are done under this service are data entry from paper, books, images, e-books, yellow pages, websites, business cards, printed documents, software applications, receipts, bills, catalogs, and mailing lists.

    Top 16 BPO Companies In India
    Top 16 BPO Companies In India

    Data Conversion Services

    The data conversion process is required to be performed as the data needs to be in a specific format to make full use of it. It can be handwritten, audio content, video content, images, printed material, etc.

    Data conversion services are as following:-

    • Data digitalization
    • Extract data from images
    • HTML conversion
    • XML conversion
    • Electronic Document Management(EDM)
    • Robotic Process Automation(RPA)
    • Converting handwritten to electronic format.
    • Conversion of PDF content to data in different formats.
    • Extracting data from receipts and online bills.

    Bookkeeping and Accounting Services

    Bookkeeping software like SAGE, MS-Small Business Accounting, Peachtree, Quick Books, and other spreadsheets are used as part of services. The experienced accounting and bookkeeping outsourcing team adopt a personalized approach for each client. There are many experienced accountants can work as a virtual back-office to business, to deliver essential accounting and bookkeeping services cost-effectively within a specified time frame. The most important part is that business information will be kept secure and confidential.

    Services are listed below:

    • Maintenance of the customer’s general ledger
    • Accounts receivables
    • Accounts payables
    • Financial statements
    • Bank reconciliations
    • Assets/equipment ledgers

    Top 10 BPO Companies In India | BPO Providers In India
    The term BPO (business process outsourcing) refers to delegating one’s back-endprocesses to another company (vendor). Major corporations and businessesoutsource their back-office work to BPO companies to minimize overhead cost andmaximize productivity. Business process outsourcing can be segmente…
    StartupTalkyYash Gupta

    Form Processing Services

    Form processing has become a stressful and inefficient activity amongst a majority of the organizations. Form processing services will also you to completely focus your time and resources towards the more important aspects of the business. Outsourcing from processing is a way to increase the productivity of an organization in the most cost-effective manner.

    The outsource form processing services include:

    • Resume processing
    • Payroll processing
    • Application form processing
    • Shipping form processing
    • Warranty card insurance claim processing
    • Student and immigration form processing
    • Medical form processing
    • Legal form processing
    • Transportation and logistics form processing
    • Financial document processing
    • Tax form processing
    • Questionnaire form processing
    • Rebate form processing
    • Rental form processing
    • Purchase or sales order form processing

    Online Research

    This service provides a high level of accuracy, timely deliveries, total confidentiality, and cost-effective web research services. Online research is the slightest costly research methodology today. Companies collect and analyze quantitative and qualitative information to provide reliable and effective solutions. Companies can outsource this to skilled and trained research professionals.

    Services under this are as follows:

    • Internet research
    • Product research
    • Market research
    • Surveys
    • Analysis
    • Web research
    • Mailing list research

    Best Ways To Outsource Your Jobs to Freelancers | Freelancing Jobs
    What does outsourcing essentially mean? It means that there are certain tasks inyour company that for certain reasons you and your current employees are unableto do. So you give that work to someone else who is not a part of the maincompany. It’s not as simple as it looks. But it is best to outso…
    StartupTalkyPiyush Mishra

  • Best Ways To Outsource Jobs to Freelancers

    What does outsourcing essentially mean? It means that there are certain tasks in your company that for certain reasons you and your current employees are unable to do. So you give that work to someone else who is not a part of the main company. It’s not as simple as it looks. But it is best to outsource jobs to freelancers.

    You have to very careful and wise about outsourcing, the kind of freelancer that you are hiring and the kinds of work which when outsourced will bring you the greatest profit.

    Most Common Challenges Faced By Small Companies
    Benefits Of Outsourcing Jobs To Freelancer
    Tips on Outsourcing Jobs To Freelancer

    A freelancer or an outside firm will not understand the passion and essence of your company. They will not do the work the way you want them to do. This can change the way people conceive your company and can also downgrade the quality of your product. What we mean here is that not all tasks in your company are meant to be outsourced. You have to know the kinds of tasks that can be safely outsourced, whether you should hire a freelancer or another firm or should you do the work.

    But still, outsourcing is a very popular option, especially among small companies. Why so?

    That’s because at the end of the day you can make more money and have more chances of profit. But you cannot just use freelancers to do the less important tasks. But it is best to outsource jobs to freelancers because your work will be done easily and with more profit. That will only hold your company back in the long run. Try outsourcing in the sales and revenue sectors.

    Everything you need to know about Hiring Freelancers
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    StartupTalkyRishabh Rathi

    Most Common Challenges Faced By Small Companies

    • Hiring new employees
    • Increasing profit
    • Employee healthcare
    • Growing revenue
    • Cash flow

    Out of the five challenges listed above the options that are favored by outsourcing are Increasing profits, Growing revenue, and Cash flow. It allows you to bypass employee hassles and lets you function as smoothly as possible.

    Now that you know the basic advantages outsource jobs to freelancer to do your task you must decide on what kind of tasks should you outsource. To begin, try and keep a record of your activities. Identify the tasks that you do the most and that have the highest value. Keep them to yourself. The tasks that you outsource should be such that they have low-value returns and something that you and your current employees cannot do well. But take care that the job that you give them shouldn’t be your key competency.

    Benefits Of Outsourcing Jobs To Freelancer

    • The task will be done by someone who specializes in it and will, therefore, have better quality. Thus, improvement in quality, and you also save time.
    • You can get the task done on an economic scale by outsource jobs to freelancer rather than getting a full time employee.
    • As you have given the task to someone else you can now focus on what’s important and give more time into planning future projects and products.

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    Tips on Outsourcing Jobs To Freelancer

    Don’t Overdo It

    Like said before, you have to be careful too. You have to control the amount of outsourcing that your company does. Too much of anything is bad and that goes for outsourcing too. If you outsource too much it won’t take long for your company to become weak. All your competitors need to make you fall is a few freelancers. Also over time, you will realize that your company is changing and you will start losing your foothold. The quality and reputation will also change and so will your customer base.

    Hide Your Key Competency

    There’s an important lesson to be learned before you choose a freelancer to do your job. Never give them control over your key competency. What is meant by key competency? It is that thing that makes your company what it is. In easier language, the thing or rather the idea that sets your company apart. If you give that away, it would be like allowing someone else to drive your favorite car. Your key competency is the root or the foundation underneath your company. Giving that to someone else will change the very essence of your company.

    So, how will you recognize your key competency? Look at Apple, their key competency being the design of the smartphone. They employ a lot of freelancers to do a bunch of other technical but only the Apple company can make the phone look like an iPhone. That’s their basic essence.

    You should ask yourself, what is that thing that sets my company apart from others? What ideas, passion, and choices define your business?

    Set Your Goals First

    But this doesn’t mean that you will blindly outsource anything that is not your key competency. You have to first ask yourself the very basic question that most people fail to do: why should I outsource? See, the answer to this question will decide whether the outsourcing will give positive results or not. You have to give it a thought before you come to a decision. Is it really necessary to outsource? Because the task is so non-essential, you might want to just download good software and take care of it.

    Choose a Platform

    There are a number of sites that serve as marketplaces to hire freelancers, including Upwork, Freelancer.com, People Per Hour, and many others. Choose only one site, this keeps it simple to manage. It’s also worth noting that there are more niche job websites that can provide better results for certain tasks. People most often use same sites for hiring and managing projects.

    Do Not Always Choose Lowest Bid

    Hiring someone to do your job just because of the price is the biggest mistakes. Although price is an important factor but so is experience and quality of work delivered by an individual. The bids vary drastically as people having different work experience, from all around world send you bids. Settle for a bid that offers you a reasonable price and enough experience to handle your project.

    Price is one factor that you want to consider, but it’s not the only factor.

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    StartupTalkyNiku Mandal

    When You Should Outsource Jobs To Freelancer?

    You might outsource because you want to save money or maybe you and your current employees simply don’t like the task. But only focusing on money may not always work in your favor. Maybe in the short term, it may seem like a good decision but in the long run, it can have negative impacts on your business. Try and avoid outsourcing in critical sectors like sales & hire.

    Use New Technologies

    It’s always a smart help to take help from the software sector. If there’s a software that can take care of your tasks that you don’t want to do, then go and check if you can solve the problem with the software. It’s always better, easy, and hassle-free than hiring an actual human to do the work. There is a lot of software available on the internet that can do a lot to boost your productivity. For instance, 94% of marketers have claimed that taking the help of software to do their work has helped improve their work and also helped them enhance their quality of work.

    However, there are certain kinds of work that you simply mustn’t handle on your own. Like taxing and handling of legal documents. It’s always a wise decision to consult a professional for such tasks. Most of the small companies hire freelancers or firms to take care of tasks like this. Also normally these kinds of tasks are specialized and their services are required only a few times in a year. Hence it’s not a wise decision to employ someone full time for this. Rather outsourcing is the wisest decision in this case.

    Pros and Cons of Outsourcing Businesses
    Globalization has transformed the whole business scenario, and the way of doingbusiness has changed a lot. There are no more limitations that were earlierimposed by geographical borders. This has increased the scope of global outsourcing. Outsourcing has its own pros and cons. What is Outsourcin…
    StartupTalkyRishita Jain

    Conclusion

    As far as outsourcing is concerned, your choice depends on the task that you’ll be handing out. Finance and accounting are where the major bulk of outsourcing occurs.

    Also, the IT sector has witnessed a massive increase in outsourcing because of the problems related to this sector require specialized and skilled help. Currently outsourced IT work like project-based and statement of work tasks are now equal to staff increase for IT work. The legal sector is seeing a steady increase in outsourcing as more and more companies are hiring lawyers and established firms to take care of the legal part of their businesses.

    All of these changes and trends including the increase in outsourcing and freelancing is part of the popular gig culture that is becoming the new norm of the business world.

  • Pros and Cons of Outsourcing Businesses

    Globalization has transformed the whole business scenario, and the way of doing business has changed a lot. There are no more limitations that were earlier imposed by geographical borders. This has increased the scope of global outsourcing. Outsourcing has its own pros and cons.

    What is Outsourcing?

    Outsourcing is the process of obtaining goods or services or both, on commercial terms, from third-party suppliers. Outsourcing is a form of partnership or rather a practice by which companies prefer to transfer portions of their services to the outside suppliers instead of completing the work internally. In simple words, outsourcing means sourcing goods and services from outside vendors.

    When small business owners talk about outsourcing, they’re usually thinking of farming out content work to freelance writers, hiring an accountancy firm to take on the bookkeeping, or relying on an employment agency to track down and deploy hired help.

    Outsourcing

    What can be Outsourced?

    Broadly speaking, any job can be outsourced. However, most companies that opt for outsourcing choose to outsource those roles that are meant to support the central role of the companies and to help it in the accomplishment of its strategic vision. Companies also outsource the day-to-day, mundane, repetitive works to other companies to de-clutter their schedule and focus on more important work.

    The job sectors that are commonly benefited by outsourcing are manufacturing, distribution, research & development, IT services, and call center support.

    Best Ways To Outsource Your Jobs to Freelancers | Freelancing Jobs
    What does outsourcing essentially mean? It means that there are certain tasks inyour company that for certain reasons you and your current employees are unableto do. So you give that work to someone else who is not a part of the maincompany. It’s not as simple as it looks. But it is best to outso…
    StartupTalkyPiyush Mishra

    Top Factors Influencing Decision to Outsource

    Advantages of Outsourcing

    In the right context and deployed shrewdly, outsourcing can be a fantastic way for small business owners to improve efficiencies and bolster their company’s bottom line.

    1) Time-saving: One of the top reasons small businesses tend to outsource work is because it will get done quicker. Outsourcing will help you and your company to spend more time working on the core business. The time that you could spend on the non-core business will be enough to concentrate on expanding service productivity in the field of interest.

    2) Reduced operational costs: As one might imagine, outsourcing piecemeal work is almost always going to be cheaper than hiring permanent full-time staff. Once you contract out some of the services to an outside supplier or company, you are surely going to save on an extra amount you could invest in setting up the technology to support the outsourced services. Here you also cut off the operational cost in infrastructure.

    Everything you need to know about Hiring Freelancers
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    StartupTalkyRishabh Rathi

    3) Access to expertise: Your core team might be fantastic at a few things, but nobody is perfect at everything. By outsourcing particular tasks, companies are often able to substantially improve performance by drawing on the niche skills of experts in certain fields.

    4) Sharing Risks: One of the most important factors in any project is risk assessment and analysis. By outsourcing certain campaigns or processes to experts in their respective fields, you will benefit from their enhanced ability to plan and mitigate potential risks.

    5) Simplified project management: If you choose to outsource work via a wide range of specialist freelance websites and online services, you’re often provided dynamic and intuitive platforms that will help you to effectively manage what’s being done, when it’s due for submission and how it will be paid. Most of this can be automated, freeing up your time for more important work.

    6) Flexibility and more comfortable: You can streamline your company’s operation and have closer control in running the business. Outsourcing will also lead to the sharing of business risk, this makes it comfortable for one to invest more without having that great fear of failure.

    Outsourcing Jobs Growth
    Outsourcing importance

    Disadvantages of Outsourcing

    Outsourcing doesn’t come without its disadvantages. Outsourcing isn’t right for every situation, and so you’ve got to think long and hard before investing time and energy in farming out work. These are the following cons of outsourcing-

    1) Security risks: In this age of data protection, you must exercise caution whenever using customer data. If you plan to outsource processes that require personal data, you could be placing the privacy of others or the security of your business at risk by passing that data on to other people.

    2) Hidden costs incurred may be high: Though outsourcing is cost-effective to the company itself, some legal costs exist while validating a contract. Much of the time and money may get their way out before legalizing the partnership. Also, outsourcing companies or big agencies will typically ask small business owners to sign lengthy contractual agreements, and they’ll include plenty of fine print. If you don’t read the terms carefully, you could get hit with unexpected costs.

    3) Potential redundancies and communication difficulties: Lack of interest in employees may develop adverse offshoring. The developed reluctance in work may lead to low-quality services and a lack of customer focus transforming to a lower market in the products and services affecting the business negatively.

    4) Losing Control: As you might expect, when you farm works out to external agencies or freelancers, you’re losing control of how those tasks are being monitored and performed. So long as you know and trust who you’ve hired, that shouldn’t be a huge issue – but you’ve got to tread carefully.

    5) Sharing financial burdens: Although it can be nice to bring in expert agencies to share in risks, it can be pretty dangerous to tie your business to the financial well-being of another company. Again, you’ve got to spell out all terms and conditions in contractual arrangements plainly – because you don’t want to take a financial hit if they fail to deliver.

    6) Chance of losing focus: Because many outsourcing agencies or freelancers tend to service multiple clients at any given time, the work you’re sending out may not be receiving the focus it deserves. Depending on the processes you’re outsourcing, that lack of focus could be detrimental to your small business.

    Outsourcing advantages and disadvantages.

      Choosing the right and competent service provider to outsource your products and services is the solution to all these possible drawbacks. If your company has a good taste in outsourcing which is far much pocket-friendly with promising results, you are surely heading for a better experience in your business set-up.

    Top 10 BPO Companies In India
    The term BPO (Business Process Outsourcing) means giving back end processes toanother company (vendor) to perform on their behalf. Major corporations,businesses outsource their back office work to BPO companies to minimize theiroverhead cost and productivity. There are a lot of BPO companies that…
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  • Why Outsource Software Development?

    Building a SaaS product introduces a lot of challenges – especially acquiring the right talent for the project, meeting budget and time targets. Outsourcing brings many advantages to SaaS development. The offshore SaaS development process is now smoother than ever with implementation of better development methodology and qualified product developers.

    With adequate resources available, one can use simple development methodology to implement a communication and result oriented strategy. With a team-based approach to SaaS product development, you get access to additional benefits of flexibility and speed. The best place to find local developers to collaborate with is to attend local tech meet-ups and start asking around. Find like-minded people you’d trust to collaborate with to develop your idea.

    Why Outsource Software Development?

    At the most fundamental level, outsourcing can help solve three specific issues: providing access to talent, saving time and lowering costs. In addition, outsourcing can also provide scale and reduce time to market. Many large companies have already turned to outsourcing. Startups and mid-sized technology companies are getting there, but they seem to have a harder time making the decision to try it.
    Working with an outsourced development team provides a number of benefits to SaaS companies. Both during the MVP stage and growth stage. Besides, outsourcing the development of your SaaS products give you multiple benefits.

    Why Outsourcing?
    Why Outsourcing?

    Most software companies build early versions of their software in-house and iterate until they find a product-market fit. Then, they rapidly grow their user bases. But as growth accelerates, so does the pressure to meet aggressive product roadmaps, add new features and fix bugs and usability issues. The weight of this work strains the internal software development team, and they need to expand.
    At this stage, companies immediately run into the realities of finding and hiring IT talent — the 50-plus days it takes to find, interview and hire (which doesn’t include on-boarding) and the high incremental costs of adding new employees. All while managing sales, marketing and growth processes. If you’re facing similar challenges, outsourcing might be the best answer.

    Also read:

    Benefits of SaaS Software Outsourcing

    In addition to providing access to talent, outsourcing development affords companies many other benefits, from time and cost savings to process improvements.

    Start Software Development Projects Right Away.

    Outsourcing can help you manage growth without getting overwhelmed. It can speed up software development by providing quick access to developers and testers. Instead of spending 50 days to hire each developer, you can hire a whole team in one week and get started. And you don’t need to spend 80 hours screening every hire; it’s done by your outsourcing partner.

    Lower Costs

    Like most other tech companies, SaaS ventures typically operate on a shoestring budget focused on reducing initial development costs and maximizing the return from their finalized software. Because of these limitations and the intensely competitive nature of the SaaS industry, it is incredibly difficult for companies in this arena to have the budget to hire the sort of large, highly skilled internal development teams necessary to produce a minimum viable product (MVP) that can connect with consumers.

    Outsourcing lower costs
    Outsourcing lowers cost

    That’s why many companies, large and small alike, turn to outsourcing when undertaking a new SaaS development project. Some companies opt to outsource their entire development process to an experienced end-to-end delivery team, capable of translating a rough idea into a polished final product. Whatever your needs, your outsourcing partner should help you create a cost-effective plan of action that allows you to add hyper-specialized developers to your company as soon as you are ready.

    Implement Efficient Processes.

    Software development requires both skilled developers as well as strong processes. A good outsourcing partner can improve development by leveraging its experience in executing similar projects. It can, for example, apply its framework and practices for managing code quality and protecting intellectual property.

    Outsourcing Implement Efficient Processes
    Outsourcing Implement Efficient Processes

    With an outsourcing partner, you can meet demand at a reduced cost, allowing you to invest more in key growth drivers, such as marketing, sales and product development. You actually can have your cake and eat it too!

    Relevant read:

    Find the Right Talent

    Find the right talent
    Find the right talent

    For the modern companies, one of the most harrowing challenges that they face is finding the right talent in a competitive job market. The Annual CIO Survey found that 65% of technology leaders said that the search for tech talent is one of their industry’s biggest challenges. However, thoughtful tech leaders can sidestep this problem through software outsourcing–and by working with outsourcing partners who have a wide network of experienced software engineers ready to begin their next project today. Just as importantly, their recruiting staff can identify which software engineers are best suited for your organization given your internal capabilities, budget, and project goals.

    Flexibility After Development

    In the midst of a major software development project, most employees don’t have time to think ahead to next month, much less next year. But, one of management’s primary responsibilities during this time period is to make sure that their team is prepared for the next steps once the software is brought to market.

    If you outsource SaaS development from the very beginning of your project, you can simply thank your temporary team members for their hard work and contributions and wish them well on their next project. This is an enviable position to be in: managers who followed the old system of hiring a full-time staff are trying to figure out how to reduce their budget and put these employees to work, while those who outsourced development are looking towards the future and reorganizing their augmented staff for the next big project.

    Learn from Others

    Outsourcing software development allows you to bring in the most sought-after experts in the SaaS development field without the need for a drawn-out hiring process and, even more impressively, allows you to add them to your team almost immediately since your outsourcing partner will have these engineers on-call.

    An incredibly difficult aspect of the SaaS process is that management should fully understand the SaaS development cycle, their customer needs, and the challenges that the project will likely bring. However, no matter how experienced your management team is, they can undoubtedly benefit from working with outside advisors who have overcome those very same challenges repeatedly throughout their careers.

    Must read:

    Some top SaaS companies that outsourced development and became successful.

    Slack

    Slack
    Slack

    One of the most popular communication tool used by many businesses. Not everybody is aware that the development of this collaboration application launched in 2013 was in fact outsourced. The four founders of the startup contacted a design company to handle the design of the website, application and Slack’s logo. The MVP was later distributed to beta testers and gained 8k users on the final launch day. As for today, Slack is used by nearly 8 million users per day and is steadily gaining momentum and recognition.

    Microsoft

    Microsoft
    Microsoft

    Yes, Microsoft, a giant that does not have to be introduced. Employing more than 131k people, Microsoft is said to have as many remote contractors as its direct employees. In 2010 Microsoft signed an outsourcing deal with a provider in India to manage its internal IT operations. The partner was responsible for managing IT help desk and servicing applications, devices and databases in 450 locations in more than 100 countries. This allowed Microsoft to reduce IT support costs.

    Groove

    Groove
    Groove

    Groove – an online customer support platform – is yet another amazing example of what outsourcing can give you. Its founder – Alex Turnbull – after selling his previous company, wanted to get back into the game as quickly as possible. Lacking technical knowledge and staff, he decided to outsource the entire development of the product. This allowed him to save money that would have been spent on hiring employees, offices etc. In 2016, Groove gained a total revenue of $5.2 million and is now employing people all around the world.

    Conclusion

    In the development of any software product or service, the most crucial resources are time, money and energy. SaaS software or products are the applications that will only witness a rise in the coming years. There are various tools and applications available in the market today for efficient project management overseas. With Skype, Google Hangouts, Jira and various others, you can easily manage the offshore development of your SaaS product.
    Those few stories from SaaS startups that recognized the value of outsourcing their development are truly inspiring. They are proof that outsourcing saves money and allows to quickly create prototypes and shorten time-to-market. So, what do you think about outsourcing software development? Please let us know in the comments section below.