18.02.2024 21:44

How can Hiring Offshore Developers Reduce Software Development Cost?

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Whenever you plan to reduce the software development cost, you always look for a target market, identifying, automation and implementing agile methodologies. Have you ever tried partnership with problems experts or collaborating with offshore software development teams?

software developersHiring offshore developers reduce software development costs, but it also comes up with some challenges. One of the primary challenges in hiring offshore developers is to be aligned with their time zones for communication and daily monitoring of the progress.

Another hectic and fussy challenge is to find the right offshore developer. You will have to conduct several online meetings through Zoom, skype, or other such platforms to test their skills and make them understand your requirements.

So, where hire offshore software developers reduce cost, it also increases the Time to monitor the progress and engagement of the project management team.

If you want to reduce your software development cost to a great extent, then first, you will have to match the skills of offshore developers to the high standards of coding and your company values.

How to Find?

Permanent work for a salary becomes an anachronism. Many specialists work for themselves, already cooperating with several companies and clients at once. This round of development of work culture is characterized by the active use of online platforms that allow you to quickly select an adequate performer based on his rating and the conditions under which he is ready to complete the task assigned to him.

software developers 2Platforms, originally focused on finding assistants in solving small everyday tasks and one-time assignments, are now starting to bring together professionals from different fields: architecture, design, marketing, psychology, as well as engineering, science, medicine and offshore developers.

However, there is a big problem, since often offshore developers are located in countries where the circulation of dollars is limited or prohibited.

Anyone who hired offshore developers knows that they can be found without much effort on freelance exchanges, but you will have transfer costs from 30% of the order amount.

These costs consist of: freelance exchange commission + money transfer cost + conversion cost.

This is due to the fact that in such countries, freelance exchanges operate in a gray area and are forced to charge high commissions to compensate for their risks.
In addition to the hellish commissions that the customer is forced to pay, the offshore developer is also forced to pay a commission that is at least 30%, and sometimes reaches 70%.

Of course, many take advantage of this imbalance, but customers and developers remain the losers, and deals fail without any guarantees.

We recommend looking towards new opportunities associated with the emergence of services in which offshore developers are ready to accept payments in cryptocurrencies.

The cost of cryptocurrency transfers is negligible and you can send one million dollars and pay no more than $1 per transaction.

quasa connect appWith a concrete example, we will show how the Quasa Connect blockchain service works, setting up transactions between freelancers and clients using new crypto settlement tools.

QUASA is the world's first remote work app to offer cryptocurrency payments between clients and freelancers.

By connecting your crypto-wallet, a freelancer or customer instantly settles among themselves using the Quasacoin (QUA) cryptocurrency.

quasacoin token​The new crypto-settlement tools in QUASA democratize access to services traditionally tied to fiat money and banks, and open up opportunities for hundreds of millions of people. You are not tied to the currency of any country, and you can easily hire offshore developers from anywhere in the world, even if they work in a country where the circulation of dollars is limited.

There is no need for conversion and complexities with banking operations. No need to know the laws of different countries.

Here is a guide for offshore developers that will show you how easy it is to work with remote customers.

Install the Metamask or Trust Wallet crypto wallet apps on your phone. These are reliable applications used all over the world. Register on a crypto exchange like ProBit or KickEX.
These are simple steps that will allow you to exchange the received cryptocurrency for any other currency.
For example, Binance has a built-in p2p platform where it is easy to exchange cryptocurrencies for dollars.
In the Quasa Connect app, find tasksIn the Quasa Connect app, find tasks from clients from anywhere in the world, now it's possible!

Connect your crypto wallet to the Quasa Connect app and answer published tasks.
Complete your profile and add a portfolio so clients can see what you can do, find and select you.
After the customer has chosen you and entrusted his task, you will begin the implementation, and when completed, click the “Finish” button.
The reserved money will go to your balance in the application when the customer accepts your work.

Click "Withdraw" and receive Quasacoin (QUA) cryptocurrency to your personal crypto wallet.

Quasacoin (QUA) is a cryptocurrency that was specifically created for settlements between freelancers and clients, so you can always exchange it for any other.

Quasa connect app 2On decentralized exchanges like Uniswap, SushiSwap or Balancer, exchange QUA for bitcoin, USDT or any other cryptocurrency. You don’t even need to register on these exchanges, everything is anonymous. You also connect your Metamask or Trust wallet and change QUA. Very safe and secure.

In many countries, payments in dollars are difficult, but there are no problems with cryptocurrencies. And if you live in one of these countries, then, receiving payment in cryptocurrency for your services, you can easily exchange it on p2p exchanges for the currency of your country.

The application is available for all versions of Android. 

The application is available for all versions of Android. Blockchain app Quasa Connect

Now the application can be used:
- order any work;
- perform any work;
- agree on the cost of work;
- use the chat in the application;
- accept completed task;
- do not accept the task.

Found a Skillful Offshore Software Developer?

If yes, then here are some ways by which you can reduce software development costs through their skills.

Reduced Training Costs

Reduced Training Costs

Every software developing company struggles to be updated about the latest technological trends and integrate those technologies in developing market competitive software products. In this regard, companies spend too much to get the resources to train the staff.

Buying the expensive automated tools for software development increases the cost and the effort to train the staff.

So, hiring offshore developers for developing the latest software product eliminates the training element.

The offshore developer’s videos, content or training sessions are reusable and save from the additional efforts and cost. Overall, less staff is required, and the ability to view pieces of training at different locations and departments is quite helpful.
Also read: How to choose The Perfect Domain Name

Advanced Software Development Skills

Many countries do not have the skills and expertise to execute an advanced software development project. In the recent two years, $92.5 billion spend on global outsourcing of software projects.

Development SkillsThe collaboration between the different qualified software developers worldwide gives better exposure and a talent list to hire the best one on the go. Advanced skills reduce the chances of bugs and ensure quality for customer’s retention.

Moreover, hiring an offshore developer from a place where you want to target your developed software product also help in triggering optimization and strengthens market value.

The offshore developers’ third-party service providers and existing software solutions/templates help lock the software project success to a great extent.

Segregating Software Development Operations

TOptimized Strategyhe software developing companies can reduce the cost by segregating software development operations. It not only helps in efficient monitoring but also helps in reusing already present templates in an effective manner.

The partition of software development operations enhance the internal controls and help in better achieving business goals and operations. It also helps in efficient planning and identifying goals during project management.

Optimized Strategy

Optimized StrategyGoing for a second opinion also set an optimized direction while deploying software projects. The offshore developers with advanced expertise and skills help identify lack of planning, unclear and unidentified objectives, requirements, and execution.

The offshore developer’s identification of precise requirements, goals, objectives, and errors set the software product development progress in the right direction. When there is a right direction, there will be optimized results.

A software product with fewer errors and high achieved goals will trigger customer’s satisfaction and the brand’s reputation.

Furthermore, as objectives are clear, it helps pay only for the resources being used. It saves cost by identifying unused resources, operations and technologies that are not relevant to the business goals.

Final Words

The variance in geography and developmental charges are the main reasons many companies are switching to hire offshore developers’ services compared to in-house developers.

developmental chargesAlso, the Time spent training and integrating new technologies through in-house IT teams and developers is reduced by using the automated third-party solution and offshore developers.

The involvement of in-house developers in various operations and development procedures increases the Time and the cost. So, in this way, segregating offshore and in-house developers’ development procedures is an optimized software development approach for better business productivity and flexible operations.

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