Farshoring vs Nearshoring: Which One is Best for Website Development
In this pandemic, many businesses are shifting online with the help of a website development company in Durgapur , Kolkata, or elsewhere. But to make this shift online, one needs the help of a web development company. However, with so many such companies functioning, it’s important to select the best one for your business.
But how can you do that, especially in this pandemic where severe restrictions have been put on movement? That’s why we are here to tell you about nearshore and farshore web companies. But before we dive into that, you need to learn about outsourcing.
What Is Outsourcing?
Outsourcing isn’t a new term, but not many associate it with software development. But in this pandemic, outsourcing your software or website needs might be the only way you get a great end product. This is especially true since your ideal company might be sitting halfway across the world.
So officially, outsourcing is the act of working with a third party who takes care of your website development projects. The goal here is to shift specific projects to external or remote companies.
Know that outsourcing is almost a necessity now with many companies shutting down due to the lockdowns or as a result of the pandemic. So many people are relying on the internet to find a suitable website development company in Durgapur or elsewhere. Now know that there are two kinds of outsourcing options available. We will discuss the below:
What Is Farshoring?
Farshoring or offshoring refers to outsourcing your website or application development requirements to countries or regions where you can get specialized services cheaply. This is mainly done by clients in the US, UK, etc., as they send their projects to the Middle East, China, India, and elsewhere.
Due to low currency exchange rates, clients in Western countries are able to get their work done at a much cheaper rate compared to hiring a local developer. In fact, it is considered to be one of the best for website development. But there are some barriers to shoring.
One of the major barriers is in regard to time zones. Know that if you are outsourcing to India while being in the USA, then you need to be mentally prepared for a 10-12 hour time difference. Due to this, you will face issues regarding proper communication. Not to mention the fact that there will be cultural differences in terms of how the project gets handled.
What Is Nearshoring?
Nearshoring is the opposite of farshoring. Here people outsource their projects to other countries, but only to those that are culturally and geographically closer. For example: a client in Canada or the USA might be looking to outsource to South America or Mexico.
The purpose of this kind of outsourcing is to get the dual advantage of cheaper rates while enjoying the services of a company that is culturally similar and is closer in terms of time zones too. So many people refer to this as the best for website development.
Which One Should You Go For?
Farshoring and nearshoring are both best for website development. So what will be ideal for you, depends on your criteria. So before deciding you need to consider the following factors:
The Budget
If you have decided on outsourcing, then you need to figure out your budget for it. But if you don’t have any idea about the prices charged by website development companies in various countries, then we would advise you to research them. This will allow you to allocate a better budget. Also, here’s a rule of thumb you can proceed with- outsourcing companies located in third-world countries will be cheaper than allocating it to European countries.
Communication
You need to decide how much control you want in your project. For example: do you want regular updates or monthly ones? If it’s the former, then we would suggest nearshoring, but if you don’t need regular updates then you can go for farshoring.
However, we should mention that the frequency of updates also depends on the kind of website development company in Durgapur or elsewhere you have chosen. So if you choose a company with a positive reputation and an excellent customer service record, then you will get constant communication from them.
Expertise
You will obviously want specialized developers for your project. But know that you won’t get it with every company in every country. As such, we advise you to first know about the tools and software needed to make your project and then decide the experience that a developer should have. After that, you need to research and find out which country and company is well-known for having expertise in it.
Farshoring or nearshoring are both great options when you need to develop your website. But to choose the one that’s right, you need to figure out your budget, the expertise level required, and the communication frequency you need. Once you have noted them, you will be able to select the correct one for your business needs.
