Artem Babenko’s Post

Why Do Software Development Costs Vary? Let’s Break It Down. Software development in countries like the USA and Canada can be expensive, whether you're working with freelancers or agencies. But the good news is, you're not tied to just one region. Outsourcing gives you the chance to find skilled developers worldwide, often at much better rates. What Affects the Cost of Software Development? 1️⃣ Experience Matters Developers with more experience charge higher rates, and that’s fair—they bring valuable expertise to the table. But if your project doesn’t require advanced skills, you might save by hiring mid-level developers. 2️⃣ Project Duration Longer projects often come with better pricing. It’s like a subscription—the more consistent the work, the better the deal. Developers appreciate stability, so long-term projects are usually more cost-effective than one-off tasks. 3️⃣ Technology Choices Not all tech stacks cost the same. Rare or outdated technologies might come at a premium, while trending or widely-used ones can be expensive too, simply because they’re in high demand. 4️⃣ Freelancers vs. Teams Freelancers might be cheaper, but working with a professional team—like Envision Xperts—offers peace of mind. Teams provide structure, reliability, and quality assurance, which can save you headaches in the long run. At Envision Xperts, we balance expertise, affordability, and reliability to deliver exactly what your project needs. Whether it’s web development, e-commerce, or custom software, we’re here to help you turn your ideas into reality. Got a project in mind? Let’s chat!

🚀 Understanding the Real Cost of a Software Developer's Hour Hello LinkedIn! 🌟 Today, I'm diving into a hot topic that buzzes with curiosity across our industry – What truly goes into the cost of a software developer's hour? Whether you’re a budding developer, a seasoned tech lead, or a curious bystander, understanding this can demystify many aspects of tech pricing. 🔍 Breaking Down the Cost The cost of a developer's hour encompasses a myriad of factors beyond mere payment for time. It's a comprehensive package that includes their salary, overheads, company margins, and sometimes hidden costs like marketing and administrative expenses. Solo Freelancers: For freelancers, the calculation is straightforward. Their hourly rate might simply be their desired income divided by the number of hours they plan to work. Simple, right? But here's where it gets interesting. Small to Medium Enterprises (SMEs): When you step into the realm of SMEs, things scale up. The hourly rate now includes salaries, taxes, company profit margins, and operational costs. Did you know that in some locales, taxes and fees can inflate the base cost by up to 30%? 📈 Large Corporations: In the big leagues, the stakes are higher. The hourly rates you encounter include layers of project management, risk mitigation, and sometimes even perks for the developers which are all built into ensuring that your project runs smoothly. 🎯 The Impact of Market Dynamics Market rates aren't pulled from thin air; they are carefully calculated based on the current economic climate, competition, the developer’s skill level, and their geographical location. For instance, the variance between a developer in Silicon Valley versus one in Eastern Europe can be astronomical due to differing living costs and market saturation. 🌐 Global Influence In today’s global economy, outsourcing has become a viable option for many companies seeking to optimize costs without compromising quality. Developers in different regions might charge differently, not because of a lack in skill, but simply due to the lower cost of living in their countries. 🤖 The Future of Tech Pricing As we look towards the future, the evolution of tech roles and the introduction of AI and automation are poised to disrupt how we understand the valuation of developer hours. What's clear is that transparency and understanding in pricing will become even more crucial as we navigate these changes. 💡 Final Thoughts Understanding the cost of a developer's hour is more than just knowing a number; it's about understanding the ecosystem of technology development that supports robust and scalable software solutions. Whether you're negotiating a contract or planning your next career move, an informed perspective on costing can be your best tool. Let's demystify the tech world together! 🚀 If you found this insight helpful, like, share, and comment below! Let's keep the conversation going!

Did you know over 31% of software projects are cancelled before completion, and over 52% exceed their budgets, costing nearly 189% more than originally estimated. This alarming statistic highlights the challenges businesses face, particularly when working with freelance developers. Internal issues often lead to developers disappearing mid-project, resulting in delayed timelines, increased costs, and lost competitive advantage. So, what causes these disappearances? From overcommitment to poor communication, the reasons are numerous. Investing in skilled developers can significantly alleviate these risks, ensuring your project stays on track. Curious about how to find reliable developers who won't disappear? Check out our latest blog for insights and strategies to ensure your projects are completed successfully. https://buff.ly/4e5J5oO #FreelanceChallenges #ProjectManagement #WebDevelopment #WordPress #FocusOnYourCoreBusiness

This misconception may ruin your business. Especially if you're a self-employed software dev. It goes like this: First…The dev wants to charge as much as possible. Second…The client wants to pay the least amount of money. -- This is the zero-sum game — And it’s untrue because: Many self-employed engineers stay in jobs that pay less… Because they enjoy the work or the client. AND… Clients will often pay a premium for freelancers they like and trust. In essence: There can be a win-win and this world-view will help you get over your fear of selling your services. What's your opinion on win-win? Write it in the comments! --- DM me for a free tour of our DevKickStart program that helps you land freelance clients while you sleep.

Freelancers and SaaS founders have more in common than you think.⁣ ⁣ ⁣ At their core, both are just trying to solve problems, build trust, and keep people coming back.⁣ ⁣ ⁣ I’ve worked in both spaces, and here’s something I’ve noticed:⁣ ⁣ ⁣ Freelancers succeed because they’re scrappy, adaptable, and user-focused. SaaS founders can learn a lot from that mindset.⁣ ⁣ ⁣ Here are three lessons SaaS founders can take from freelancers:⁣ ⁣ ⁣ 1. Put people first.⁣ ⁣ Freelancers don’t just “sell services.” They get to know their clients inside and out—their struggles, goals, and what keeps them up at night.⁣ ⁣ SaaS founders can do the same. Spend time talking to your users. Understand their pain points, and let their feedback guide your decisions. People don’t stick around for features; they stick around for solutions.⁣ ⁣ 2. Simplify everything.⁣ ⁣ Freelancers know that overloading a client with technical jargon or complicated pitches can backfire. Simple, clear communication wins every time.⁣ ⁣ The same is true for SaaS. Whether it’s an email, a landing page, or your onboarding flow, make it easy for users to “get it” without overthinking. Confused users leave. Clarity keeps them.⁣ ⁣ ⁣ 3. Be quick to adapt.⁣ ⁣ Freelancers often pivot their offers to fit their client’s needs. Maybe the client needs something outside the usual scope—or maybe what worked before isn’t working now.⁣ ⁣ ⁣ SaaS founders can learn from that. If a feature isn’t landing or users are asking for something different, don’t wait to fix it. Iteration is everything.⁣ ⁣ ⁣ Freelancers succeed because they stay flexible, listen closely, and always focus on delivering value.⁣ ⁣ ⁣ SaaS founders who do the same? They win too.⁣ ⁣ ⁣ What’s one thing you’ve learned from a different field that changed the way you work? Let’s share ideas!

Choosing the right development partner can make or break your project. Should you go for the flexibility of a freelancer or the reliability of a software development company? We break down key factors like cost, time, security, and talent to help you decide! Discover the pros and cons of each option in our latest blog: https://ow.ly/rqwv50UtSAl #Freelancer #SoftwareDevelopment #BusinessGrowth

Important Update: Virtually Unstoppable’s Launch Delayed by One Week Good things take time! After a productive conversation with our developer, we’ve decided to delay the launch of Virtually Unstoppable by one week to ensure everything is polished and ready for you. We’re now launching on 8th December, and we’re excited to announce a new payment plan designed to fit your needs: 🔹 £3.99/month for up to 5 clients 🔹 £9.99/month for 6+ clients This flexible pricing ensures freelancers and small businesses only pay for what they need. Thank you for your patience as we make Virtually Unstoppable the best it can be! #VirtuallyUnstoppable #LaunchUpdate #FlexiblePricing #SmallBusinessSupport #FreelancerTools

We understand the significant challenges freelancers face in securing timely and fair compensation. This thought-provoking post by Wudan Yan sheds light on a common issue within the freelance community. It is concerning to see professionals encounter setbacks when advocating for clear payment terms, especially regarding timely payments and conditions for late fees. This situation highlights the urgent need for a cultural shift around payment practices within the freelance ecosystem. In the comments, there are many freelancers who share their experiences and insights further showing how common this is. We need to work toward fostering a culture that prioritizes fairness and accountability in all business transactions.

💼 Freelancers, are you struggling to stay organized? The right software can transform your workflow and help you manage time, projects, and clients more efficiently. Our latest blog explores the Top Software for Freelancers, covering: 📊 Time tracking for accurate billing 📋 Project management to meet deadlines 💸 Invoicing tools for faster payments 🎯 Productivity boosters to get more done 🔹 Send professional invoices in no time 💼 🔹 Maximize your earnings 💵 #FreelanceBusiness #TimeTrackingSoftware #ProductivityTools #ProjectManagement #DeskTrack #FreelancerTips Read More : https://lnkd.in/g2gGBJBB

I built a risk-conscious, multi-million-dollar software development company focused on growth, quality, and loyalty. AND I did it while continuing to work as a developer for the first 10 years. Here’s the story: Part 1 - Risk-conscious growth: When Igor and I started Aimprosoft 19 years ago, we only offered development services. To find jobs, we used platforms like Elance - which became Upwork. No marketing, nothing. As freelancers, we did everything on our own: finding (and satisfying) customers, and then finding time to deliver. Landing our first customer was like: “Wow! We finally have one!” It was only once we had enough money to pay ourselves that we started looking for new hires. Then our customer wanted to extend and grow. They asked us for 5 developers. We said, “We have 1. If everything goes fine, we’ll add another.” A lot of outsourcing companies in Ukraine have only one client who needs 10-20 developers, so they hire a whole team. But when the client says, “sorry guys, I don't need your service anymore”, that team has to be fired, and the business closes down. Our idea was to grow carefully to avoid that situation. Part 2 - Team Loyalty: As our customer base was growing, there were big fluctuations in our income flow. When we had no money (or customers) coming in, our rule was to continue paying the people on our team until we found a new customer, even if Igor or I couldn’t pay ourselves. I don’t remember when we hit $1M in revenue. But I do remember celebrating when we reached a team of 100 developers. The second person we hired is still with us after 19 years @Igor Sushko. Most of our TLs started with us as trainees or junior devs and have been with us for 10+ years. When it comes to our delivery team, we prefer to stick with people we know we can trust. We only hire new people to senior roles when we’re going in a new direction beyond our area of expertise. Part 3 - Deep commitment to quality: In our early years, before CI/CD, we worked through the night to test the code to deliver on deadline. And if it was a EU customer, our teams fixed issues into the night, if it was a US customer it was easier as we could work during normal hours because of the time difference. I don’t know if this generation of developers knows what that’s like. A lot of things, like testing and QA, are at a higher standard in software development today. But I don’t regret those early experiences - they are a big part of what made us who we are today and what our company became.