Kindly share your feedback on how GoodFirms has been doing so far in increasing your visibility among potential clients.
I would say that we have not yet observed some really dramatic influence of GoodFirms on increasing visibility among our potential clients. Yet, I believe that GoodFirms is a great channel to raise awareness about the company and illustrate our expertise and reputation of a reliable outsourcing partner.
Please introduce your company and give a brief about your role within the company?
I’m a Co-Founder and CEO at Fulcrum. Fulcrum is an offshore, in-house agency. We build mobile & web apps that win users’ hearts.
What was the idea behind starting this organization?
For me, outsourcing is not just about a good price, but also about deeper expertise. It’s about one common purpose - to achieve success.
I believe that in future outsourcing will be based on sharing both risks and results. I see it as a way to find your technical partner that wants and does the best for your business: finds a perfect team, offers top-notch solutions and supports you till your full success.
That’s what I founded Fulcrum for. We help entrepreneurs achieve their goals. By always being there for them. By having all the technical issues on us. Simply by becoming a reliable technical partner, who cares about their product 24/7.
What are your company’s business model–in house team or third party vendors/ outsourcing?
Fulcrum is an outsourcing software development company. We’re offshore, in-house agency.
How is your business model beneficial from a value addition perspective to the clients compared to other companies' models?
As I’ve already mentioned, outsourcing is the best suitable option for many companies and startups which need a reliable and experienced technical partner. It’s much more about efficiency and the most optimal expertise/cost ratio. Outsourcing allows companies to solve their business problems with the help of experienced specialists. I also believe that outsourcing model will become even more widespread in future, since in its core will be the responsibility for both client’s success and risks.
What industries do you generally cater to? Are your customers repetitive? If yes, what ratio of clients has been repetitive to you?
Industries we usually cater to include business automatization, streaming (video processing), on-demand delivery, high-load systems, cloud solutions, gaming, cybersecurity, marketplaces, and social networks. We also thinking about entering healthcare industry, since under the load of current challenges it requires new IT solutions. Our customers are repetitive. To be more precise, our ratio of repetitive clients is 80%.
Mention the objectives or the parameters critical in determining the time frame of developing a mobile app.
App’s functionality. We do the mind-map, estimation to see how long the project will take.
How much effort in terms of time goes into developing the front end and back end of a mobile app?
All depends on the app. It’s really hard to tell you some time period on spot.
What are the key parameters to be considered before selecting the right platform for a mobile application?
Industry, user portrait, the place where the app is used (at home, on the road, e.g).
Which platform do you suggest your clients to begin with when they approach you with an idea (Android or iOS) and why?
We recommend cross-platform apps.
Android or iOS, Native or Hybrid — which platform is best to use to build your app? What are your recommendations?
Hybrid is better since the development process is faster.
What are the key factors that you consider before deciding the cost of a mobile application?
We mainly consider the scope of work required to provide a certain service, deadlines and time cost of the Fulcrum specialists involved.
What kind of payment structure do you follow to bill your clients? Is it Pay per Feature, Fixed Cost, Pay per Milestone (could be in phases, months, versions etc.)
In Fulcrum, we offer 32 main payment models:
1. Fixed price. Client pays a set price for the project.
2. Time & Material. The team works on an hourly rate.
Do you take in projects which meet your basic budget requirement? If yes, what is the minimum requirement? If no, on what minimum budget you have worked for?
We’re working on the projects starting for $5,000+.
What is the price range (min and max) of the projects that you catered to in 2019?
In 2019, the price range of projects was $5K-100K.
Which business model do you suggest to your clients enabling them to generate revenue from mobile applications? Why?
One more time I would stress that outsourcing seems to be the most optimal model right now and in the future. It provides business with a reliable technical partner who offers their expertise 24/7.