KnightVision
New Contributor
- Joined
- Sep 4, 2009
- Messages
- 21
Rep Bank
$70
$70
User Power: 14%
I've read a few posts about outsourcing but one that never hit this specific topic.
First of all, I'd like to acknowledge that this is a touchy topic for some and essentially I may be walking on thin ice with this post; so no offense to anyone!
I'm looking to start a venture with an online business. More specifically an auction-based site for a niche market. Economically, it doesn't make sense for me to start by hiring an expensive full time, or even part time developer although I do realize the benefits in doing so. I've looked into posting my project on Guru and received some pretty legit bids. I even contacted the company that designed the site for NoteHall (the 2 kids on Shark Tank with the note-sharing site). I'm a little uncomfortable with outsourcing in the fact that I feel I don't have complete control over the development and that it may be difficult to communicate specific wants and changes over emails and phone conversations. But back to the point, it just makes more economical sense.
I feel if the site takes off, I can hire someone in-house who can make constant tweaks. What do you guys feel about this direction?
I've also considered partnering with a developer by sharing partial revenues (10-15%) in X amount of time in order to reduce my initial cost and also incorporate the experience of the developer while they'd have invested interest.
Give me your thoughts and feedback on the above. I'm very accustomed to the tangible aspect of business, but really find attraction to the internet service-based industry.
First of all, I'd like to acknowledge that this is a touchy topic for some and essentially I may be walking on thin ice with this post; so no offense to anyone!
I'm looking to start a venture with an online business. More specifically an auction-based site for a niche market. Economically, it doesn't make sense for me to start by hiring an expensive full time, or even part time developer although I do realize the benefits in doing so. I've looked into posting my project on Guru and received some pretty legit bids. I even contacted the company that designed the site for NoteHall (the 2 kids on Shark Tank with the note-sharing site). I'm a little uncomfortable with outsourcing in the fact that I feel I don't have complete control over the development and that it may be difficult to communicate specific wants and changes over emails and phone conversations. But back to the point, it just makes more economical sense.
I feel if the site takes off, I can hire someone in-house who can make constant tweaks. What do you guys feel about this direction?
I've also considered partnering with a developer by sharing partial revenues (10-15%) in X amount of time in order to reduce my initial cost and also incorporate the experience of the developer while they'd have invested interest.
Give me your thoughts and feedback on the above. I'm very accustomed to the tangible aspect of business, but really find attraction to the internet service-based industry.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
