Are you curious about how to increase income in a software development business? Please read our blog post!
What if you could increase your income by more than $150,000 per year?
That would be great. It would be a lot easier to plan your budget for the coming year if you could count on that. However, this sum is far too large to be feasible. That was probably your first thought. However, this is not the case. Income is a simple calculation: revenue minus expenses. You've got a winner if you can change any of these. We would like to share with you how to increase income in software development.
Let's get into it!
Is it possible to increase revenue?
If you could, you most certainly would. However, if you want to do software development at a higher price, project opportunities could easily disappear. That is obviously not what you want. Raising prices may make marketing sense, for example, to reposition a software development service, but you're unlikely to make more than $150,000 from it.
Is it possible to cut costs?
You don't have a choice. If you can't raise revenue, cut costs! But how exactly? Managing and, in some cases, reducing fixed costs is an essential step in running a successful business. How about variable costs? These typically include the cost of goods sold, commissions, etc. However, there is one more significant cost that belongs here: labor expense. We've arrived!
If we only consider senior software developers (ignoring the cost of a business analyst or product owner, the monthly cost of a project manager or a tester, and only considering the cost of a developer), we get the following figures:
In Austin, Texas, the average senior software engineer's salary is now $120,000 per year + other costs (FICA, SUTA, FUTA). Let's check the full calculation!
Consider a project that has 8 developers working on it. That works out to $960,000 per year + other costs (FICA, SUTA, FUTA), which means in the end the total cost is more than $1 million per year. That's a significant amount of money.
How do you save more than $150,000 of that without sacrificing project quality, getting everything done on time, and maintaining delivery capability?
Hire senior software developers with the same level of experience but at a lower cost! It's as simple as that.
Take a look at this calculation! What you see is the answer:
The calculation above is based on an daily rate of $380 for a senior software developer and assumes Bluebird remote senior software developers work 21 days per month.
How can this additional income of more than $150,000 be generated while keeping the software development team stable?
But first, consider the guarantees!
1. Bluebird itself is the guarantee
Bluebird was founded in 2001 by me. For over 20 years, we have been a constantly growing player in the European IT market. We have a team of 160 employees and a yearly revenue of more than 6.5 million dollars. We are not interested in short-term profits, but in long-term customer relationships that are stable and consistent.
2. Our senior IT software developers have an IT professional experience of more than an average 10 years
We do, in fact, collaborate with senior software developers. Because we understand that only highly experienced IT professionals can produce real results in remote projects. We currently have over 100 IT professionals on-site and remotely.
3. Our large number of partners guarantees the high quality of our work
Furthermore, the sheer number of our clients demonstrates that we are a dependable partner.
Well-known corporations who have already chosen us
For more references please visit our Reference page!
How to get started, and what to do?
TO HIRE IT PROFESSIONALS
We know that an extra $150,000 per year of income is available to you.
We know this model works because we have more than $6.5 million in annual revenue based on this model. Let's talk!