Introduction to Offshore Business Models in India
by: Guest
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Word Count: 409
Dear
Reader,
Sometimes
you feel like knowing more about offshore & outsourcing & you don't
find anyone to ask for it? Being the CEO of outsourcing company (<a href=”
http://www.infotrex.com/”>Infotrex
Services Pvt. Ltd</a>), many of times people like you, ask me this
question in email or on phone- "Please tell me the way you operate the
business & how to proceed further?"
Let
me break the problem into different chunks & solve it.
Lets
understand - different offshore business methods:
We
work using 3 offshore business methods:
1.
Fixed Price Model: You tell us requirements, we estimate the efforts, you
approve it, we work on it and you pay fixed money. You hold all intellectual
property. Generally, online bidding falls under this model, where a buyer wants
the lowest fixed price from the bids of sellers.
2.
Monthly Price Model: You have lots of work, which you want to get it done
regularly. You hire a person fully dedicated to you. You pay monthly salary.
Again, you hold all intellectual property.
3.
Partnership Model: You have the idea, but not much money. You want to get it
implement it. In this case, we will evaluate the idea, develop it jointly and
market it. Intellectual rights(source code) will not be with you. It will be
with us.
In
broad sense, you can choose any of the above methods as per your needs and grow
your business.
Now,
how to proceed for outsourcing work. Here are some common sense suggestions.
1.
Trust nobody. Not me and not yourself.
When
you outsource your work, you have to be careful There are many people who are
not competent but still want to have your work and try to deliver it. They may
fail and learn from it, but for you it will be loss of time & money. Talk
to the CEO or founder of the outsourcing
company, see the portfolio & talk to the references given by the company.
2.
Prepare some small problems and ask the outsourcing team to solve it. May be
you can decide to pay for it and sometimes you can ask for FREE evaluation.
3.
Start with small project modules and watch for several points like -
communication, project requirement analysis, how good they research or ask
questions, regular status update etc. Small things can become bigger in future,
so before you invest more of your time & money into outsourcing, just be
careful and see if the outsourcing team can deliver.
There
is a lot to say for outsourcing business & how to work with around it. So€
far, if you use above 3 offshore business models & use 3 tips above to
start outsourcing work, I am sure you will achieve greater heights in future
for your business. Good luck!!!
About the Author
I'm your host-Ankur Patel-your outsourcing partner based in India. For my day job, I run Infotrex Services(Managing Information 4 U) - <a href="http://www.infotrex.com/">http://www.infotrex.com</a> and work with a small team of smart developers for supporting clients based in USA, Canada, UK, Italy, Ireland, Australia etc. We help all clients to succeed in their online business by SEO(Internet marketing), online support & intelligent Web application solutions.
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