After mulling an idea over for a new product and analyzing the market, it is time to plan and build an MVP.
There are several options: finding a technical co-founder, hiring full-time employees or freelancers, or outsourcing the project. Many startup founders are skeptical about outsourcing their MVP.
They ask themselves a lot of questions: will my intellectual property be secure? Will the project be delivered on time? How much is outsourcing my MVP going to cost me? What if I want to pivot the project halfway through?
Outsourcing an MVP may seem like a big risk, but finding a legit and professional agency and investing in it will be very beneficial. Before discussing its benefits, let us define two subjects:
What is an MVP?
A Minimum Viable Product (MVP) is the product in its smallest and simplest form with only its core functionalities and no extra features.
Building it is a way to test your hypothesis in the market while minimizing the costs and resources.
Further developments are made on the core features of the MVP after it succeeds.
What is outsourcing?
Outsourcing is when a company hires a third party outside its organization to be responsible for a task that could be taken care of internally.
For instance, a company can hire another company to design and develop its website instead of hiring full-time employees to take on the job.
Why is it a good idea to outsource your MVP?
- Professional support
An established development agency offers professional developers and has years of experience in the field. They are knowledgeable partners who share your visions and make sure your product is viable and help you design a functioning product with proper user flow.
This professional support will help you stay focused on the MVP with peace of mind instead of being concerned about finding potential developers to build an in-house team.
- Reducing costs
Recruiting full-time developers who match your standards can be difficult, and most importantly, extremely costly.
Moreover, it takes a considerable amount of time. Startup companies have many other expenses and need to deliver something to the market fast, so outsourcing an MVP saves them a lot of time and money.
Offshore outsourcing is also an option. Offshoring is a geographical activity when a company hires another company from overseas, mainly to save costs.
For instance, rates are far more affordable in the East than in the West. That is why hiring a developer from an Eastern country costs significantly lower than hiring one with the same skills from a Western country.
Want to learn more? Read our post All You Need to Know About Global Outsourcing Rates.
- Smoother project management
Outsourced companies usually provide their contractors with a product manager who manages the project and communicates the results and problems. But some companies do that themselves.
Meanwhile, working with an experienced development company enables you to follow a structured process from the initial steps to the end. By establishing good communication with the developing team, the procedures will be uninterrupted and smooth.
- Assessing the future
Startup companies may pivot and change their visions and product requirements a lot in their early stages.
The experienced developing team can give you a clear insight into the future of your product’s functionality and warn you of any problems that may arise in the future.
They will also give you suggestions if you build a good enough rapport and help you pivot in time if you have to.
- Ongoing partnership
Outsourced companies are available at any time and for however long you need them.
Even after the initial development of the MVP is completed, the development agency can continue to work with you until all the details are sorted out.
You can even work with them as you gradually grow an in-house team; they can show your employees the ropes and help them understand how everything is coded.
Outsourcing MVP development is a wise choice to get a product to the market as cheaply and efficiently as possible.
Outsourced companies like WINaTALENT are your technical partners; maintaining a strong rapport with a talented and ethical partner will help you focus on your product development and its successful launch.