Marketing Executive at Xenia Tech – an offshoring development agency based in London, Da Nang and Ho Chi Minh City, Vietnam. We are experts in Web/App development. With an industry-standard outsourcing process, we have been making great products since 2017 for clients all over the globe.
The fact that this year has been hard for many businesses is plainly obvious.
Many have had to slash budgets, minimize payrolls, lay off employees, or annual contracts. Offices have been closed, employees have worked from home, and companies are looking for ways to save — like by outsourcing web development or hiring freelancers in place of full-time employees.
Plenty of unfortunate businesses have had to shutter their doors for good. Simply put, it's been a bad year for just about everyone in one way or another.
We know this. You know this. We know you know we know this. We needn't belabor the reason why, since COVID-19 has been discussed ad nauseum in news and private conversations alike.
To further discuss it here would be like beating the dead elephant in the room, and about as useless as a mixed metaphor.
What we can do, however, is discuss ways to help companies cope with this year's fallout and navigate a quickly shifting business environment. It's a sink or swim situation for many, and thinking fast is an absolute necessity.
So, the question facing many companies at the moment is simple: How can a business stay afloat in such turmoil — or, better yet, how can it prosper?
Meeting Business Goals in an Uncertain Environment
The above question is simple, but it's far from easy. Answers, however, certainly do exist.
One practice that has consistently helped companies weather storms is to reduce expenditures. Sounds simple enough, right?
Of course, the concept of saving money is indeed simple — but it's the execution that counts. Deciding where to slash funds is neither an easy nor enviable task since missteps can lead to drastic unforeseen pitfalls.
Many companies have quickly learned that having employees work from home isn't so bad, and in fact, comes with some benefits: namely, cutting office space from the budget can make for huge savings.
The trend towards a more remote and digitally-oriented workplace has been gaining steam for many years, and the virus crisis has accelerated it to a critical mass where working remotely will likely remain the norm in many industries even after the crisis subsides.
Web development companies — those that build websites, design apps, and everything of that sort — are part of an industry perfectly placed for a permanent shift to location-independent work.
Since these companies work online by definition, their physical location is essentially a moot point. Consequently, in-house web or software development may go the way of the dodo.
You may have heard rumors that outsourcing web development can save significant money. Those rumors are true.
We firmly believe that saving money by outsourcing and offshoring your web development projects is a brilliant business move.
Any company looking to reduce expenditures — and really, who isn't? — would be well-served by doing so.
Before we dive into just how outsourcing web development can help your company, let's establish some important facts:
- The internet's role in society and business is increasing, and rapidly accelerating.
- Maintaining a strong online presence can only help a business.
- Hiring web developers to build websites can be expensive.
- Saving money without compromising quality is always a good thing.
Let's also explore just how important a company's web presence is.
A Strong Online Presence is Essential
The most important thing you need to know is that outsourcing your web or app development can save you a whopping two-thirds or more of your cost.
But we need some background first.
Allow us a simple assertion:
Every company needs a strong web presence. Not having a website, for example, puts you at a distinct disadvantage to your competitors who do have one. Having a lousy website puts you at a disadvantage to a company with a beautiful one, and so on.
Take local business as a microcosm of this effect. Statistics showing the relationship between the internet and local businesses make for some jaw-dropping revelations. For example:
- 88% of customers who search for local businesses make a call or visit a store within one day.
- 97% of people who learn about a local business learn about it from the internet more than anywhere else.
- 61% of mobile searchers are more likely to contact a local business if they have a mobile-friendly site.
Simply put, a strong web presence is a must. If you're not online, you're invisible. That goes for any business, big or small.
Saving Money by Outsourcing Web Development
If you're in the western world, hiring a web development agency to build your website can cost tens or hundreds of thousands of dollars. That kind of money would make any small or medium enterprise think twice, and may even delay or prevent entirely building a strong web presence.
That's doubly true in the unpredictable times we currently face, when pulling that trigger could mean exposing a company to serious risk if it were to unexpectedly lose revenue streams.
This is where Xenia Tech comes in. We exist because we believe companies don't need to break the bank to get an excellent custom website or app.
We're an app and web development outsourcing company that can save you around 70% of what you would pay for an American, British, or similar developer.
That's our modus operandi, and we've helped plenty of clients get where they need to be without hamstringing them with high costs.
If you're a business owner, choosing to save money on your website is one of the smartest financial decisions you can make.
If you're in charge of the decision, you may even get — or at least deserve — a raise or promotion for the move.
How Does Outsourcing Save Companies Money?
Ok, so you've heard that offshore web developers like Xenia Tech can save you money. But why is this the case, and how can an offshore company produce an equally viable product at such a lower cost?
These are valid questions, and any shrewd or inquisitive person would ask them. Indeed, if you see two identical-looking products on the shelf and one is one-third the price of the other, you would have similar reservations.
Is the more expensive item simply a rip-off? Is the less expensive item lower quality? What gives?
There are essentially two reasons Xenia Tech can produce top-notch websites and apps at such a relatively low cost:
- High wages and cost of living in the western world
- Lower wages and cost of living in the developing world
That's it. It's quite simple, really. Allow us to explain.
Xenia Tech is based in Vietnam, a country brimming with young, driven, ambitious developers. We did a deep dive into the country and why it's the right choice for those looking to outsource web development.
At the same time, Vietnam has an extremely low cost of living, coming in at #90 on the list of most expensive countries. Lower nominal wages translate into strong purchasing power, and a salary that may seem small outside of Vietnam is in fact able to comfortably support a family. Compare that to the average wage of £52,600 per year in the UK or $78,000 in the USA and you'll see just where the savings come from.
After all, the vast majority of a web development team's costs are its wages. There's no heavy machinery to purchase, raw materials to import, or bloated management structure to support.
The savings in developer wages go directly to the customer, who further gets the benefit of a talented, dedicated team in love with the development process.
Outsourcing any critical process can be intimidating — we thoroughly understand. The temptation to keep projects like websites or web design in house can be tempting because it's familiar and seemingly safe.
We know the challenge. That's why we bend over backwards to make sure you get the support you need to make the right decision.
We further understand how important communication is for our clients. You need to know you're getting what you deserve and that your messages will be heard loud and clear.
That's our wheelhouse. We love to navigate and get the best out of cultural differences and working in different time zones.
Our CEO, an Englishman who learned the ropes in the London tech scene, has his feet firmly rooted in both the western world and in Vietnam.
Our project managers are thoroughly familiar with working with people of all backgrounds, and have an excellent command of English. We also think they're lovely people, to boot.
If you're thinking about taking the plunge and outsourcing your web project, we'd love to hear from you. It may just be one of the best decisions you'll make this year. We'd be thrilled to help your business thrive — after all, your success is our greatest pride.