Outsourcing Software Jobs: What to be Aware of (money laundering news)

November 22nd, 2009 admin Posted in finance |

By Chet Lawrence

Outsourcing software jobs is certainly a viable business solution for all types of industries. Software plays an integral part in many different industries and because software is constantly evolving and developing it isn’t always feasible to employ an in-house software staff capable of meeting complex software needs. Companies may find the ability to outsource software projects while still maintaining a certain degree of profitability; however, there are a few caveats to doing this. Outsourcing software jobs is a sound business practice but care should be taking to avoid certain pitfalls often associated with outsourcing work. Taking a few precautions can prevent the company from making mistakes while outsourcing such as outsourcing the work to individuals ore companies who lack necessary qualifications, making fatal scheduling errors and spending too much money to outsource the project.

Properly Screening Outsourcing Candidates

One of the most common mistakes made in outsourcing software projects is delegating the project to an individual who lacks the necessary qualifications and capabilities to complete the project efficiently. Companies who regularly outsource work may establish working relationships with individuals they are confident will perform well but before these types of relationships are established it will be necessary to carefully screen each potential candidate before outsourcing a job.

There are precautions companies can take when they are considering outsourcing a software project to ensure the candidate they select is well qualified to complete the project. The following are a few of the basic precautions companies should take:

- Describe the project sufficiently in job advertisements

- Review applications and resumes carefully

- Schedule interviews with qualified candidates

- Ask interview candidates to provide a list of work references

- Verify each reference and check the validity of work history

Establishing Schedules When Outsourcing

Another mistake often made by companies who outsource is to fail to establish a firm schedule. This may not be especially harmful when the schedule of the project is flexible but it can be a serious mistake when the schedule of the project is not flexible.

Finding a candidate who is qualified to handle outsourcing work is important but it is also important to find a candidate who is available when you need someone to complete the work. This is a significant point because some candidates may be well qualified but if they are not available when you need them they are not an ideal candidate to complete the project.

It is best to discuss scheduling upfront when screening outsourcing candidates. This is important because it can be costly to spend time finding a candidate only to find out they are unavailable towards the end of the screening process.

Spending Too Much Money on Outsourcing

One final mistake companies often make when outsourcing is spending too much money on outsourcing. This includes money paid to the individual or firm to complete the work as well as money invested in finding the most qualified candidate.

One precaution to take when considering outsourcing is to investigate all of the costs associated with outsourcing and establish a budge for having a particular project completed as an outsourcing endeavor before beginning to search for potential candidates. Doing this will enable companies to evaluate whether or not outsourcing is a wise decision from a financial standpoint before they invest too much in the process.

When evaluating the costs associated with outsourcing a software project it is important to consider a number of factors. First evaluate the amount the client is paying for the completion of the project. Next assess the in-house effort which will be required for this project including management and recruiting candidates to complete the project. Determine the percentage of the budget which will be consumed by these efforts. Now it is time to look at the remaining budget and determine how much can be invested in outsourcing the project while still remaining profitable. The fees paid to the independent contractor or consulting firm should not be so high that they do not enable the company to profit from the project.

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Understanding Traffic Exchanges

By Francesco Pratt

Your website needs lots of visitors (traffic) if you are going to make money from it. If you do not have a large advertising budget, an effective way to advertise your site for free is to use traffic exchanges, sometimes known as surf sites. These can bring a steady stream of visitors to your website, for no outlay - very important for a business startup if you want to make money online from home.

There are two main types of traffic exchanges - manual exchanges and autosurf. A manual exchange requires you click a link after viewing every page, but you can log in to an auto exchange and leave you computer running. It is best to checking every few minutes that all is well, to ensure you get your credits.

When you join a traffic exchange (usually free) you view other members’ web pages in return for your own web page being displayed to other members in rotation. You log in to the exchange and surf, and you are credited for viewing other members’ web pages. You allocate these surfing credits to your web pages so they will be displayed to other members.

There are some important elements in surfing for traffic, which may be new to you.

— Paid/Pro Memberships - most traffic exchanges offer free membership with the optional paid upgrades. If you upgrade, there are extra benefits such as an allocation of credits per month and a higher credit ratio for pages surfed. You can also buy extra credits. You can decide whether a paid membership will help you after you have tried out the traffic exchange for free first - I have usually found that free membership gives enough credits.

– Credit Surfing - all traffic exchanges allow you to earn credits in return for viewing other members’ websites. Also look out for bonus credits: many exchanges will give you bonus credits for signing up, for surfing a certain number of pages, or they pop up as you surf, to see if you are paying attention.

– Minimum Time Limit - you need to leave a site onscreen for a minimum length of time before you earn a credit. This is normally between 10 and 30 seconds.

– Anti Cheat Mechanisms - to ensure that a real person is viewing your web site most traffic exchanges employ anti-cheating mechanisms. This usually means that instead of clicking a “Next Site” button you have to click on a specific icon such as a number, letter or picture from a selection, before you move on to the next site. If you fail this test repeatedly, your account will be terminated automatically, so pay attention!

– Referrals - this is the fastest way to build up your credits. Most traffic exchanges provide you with referral pages and banners. You can use these to recruit yourself a downline. When someone signs up from your promotional web page or banner they are placed in your downline. This can earn you an immediate bonus plus a percentage of your downline credits, for example you get one credit for every 10 sites they surf.

There are hundreds of different traffic exchange websites. You can sign up for an account instantly, submit your website’s URL and start surfing for credits. Some sites allow you to advertise up to five web pages. I usually include my homepage, plus pages promoting ebooks and free courses.

But the big question is - which traffic exchanges will give you results? Will you be promoting your website in the right places?

Traffic Hoopla produces regular reports to show the most productive and successful traffic exchanges to use. This report is updated weekly with the top 50 traffic exchanges and the top 10 new traffic exchanges. You can find out from this report who delivers the highest unique percentage of visitors and who will deliver quality traffic to your website. This will help you to decide, then you can sign up at the best traffic exchanges to get the biggest return for your efforts.

In the beginning you may want to set aside time to surf for credits - in fact some traffic exchanges require you to surf a certain number of sites to activate your account. Most people find they can complete their surfing in less than an hour a day

In the longer term the best way to make traffic exchanges work for your benefit is to build your own downline. Then the credits flow in as others do the clicking for you. You can recruit members by using the referral web pages of each of the traffic exchanges that you have signed up with or you can sign up with Traffic Hoopla and advertise the 10 best traffic exchanges in one go. This is what I did, and more than 50 people signed up under me in the first week. I now have a comfortable credit balance without needing to surf frequently, and l use my credits to promote my online businesses

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The Difference Between Patents and Trademarks

By Chet Lawrence

Intellectual Property Rights or IPR is a controlled protection for original works such as writing, identifiers, inventions, and processes. Patent and trademark are some of the many types of intellectual properties.

Patent Defined

A patent is an “exclusive right” given by a state to a patentee. An approved patent is usually an invention which is original, creative, functional and most importantly “industrially relevant.” The right is being given in a permanent duration as long as it is made known to the public.

Patents are classified into three categories such as:

1. Plant patent - a type of patent wherein anyone formulates a new variety of plant commonly through asexual reproduction.

2. Utility patent - a type of patent wherein anyone uncovers any new and functional procedure, mechanism, piece of manufacture, composition of matter or any innovative development.

3. Design patent - a type of patent wherein anyone invents a contemporary, innovative and ornate design for an article of manufacture.

Trademark Defined

A trademark is a distinct mark which is commonly used by organizations, institutions, or companies. Trademarks are being used to exclusively differentiate goods or service from other entities especially its possible competitors.

Typically, a trademark consists of a name, logo, symbol, word or phrase, image, design or combination of the said components.

Uses of Patent and Trademark

With a patent, you have the right to prohibit other people from creating, utilizing, selling, or trading in a patented discovery. On the other hand, with trademark you have an absolute right with your “mark.”

A patent is commonly administered by the government so that the public may be able to utilize it. Conversely, a trademark is commonly managed and utilized by entrepreneurs for their own good since trademarks are usually being used as an effective marketing tool.

Benefits of Patent and Trademark

An exclusive ownership - that is the primary benefit when an individual decides to patent his work or someone decides to register a trademark. With this, other people will be prevented from creating, using or selling the ones you have such as an invention or a “mark.”

You may gain profit. On the patent part, you as an inventor or patentee have the right to sell your discovery. Additionally, you can have your patent licensed in one or more parties for you to obtain some percentage from the selling price. On the other hand, on the part of trademark, entrepreneurs gain profit by it since trademarks are commonly utilized as a marketing tool. The more people who purchase or uses goods or services, the more monetary benefits you will have.

The Registration Process

In patent, you seek to obtain a patent and claim it. Primarily, you need to present a written description of your discovery. The description must de detailed. The inventor must describe the uses of his discovery. Most importantly, the inventor must provide specifications of your discovery such as how it was made and how it will be operated. The written description is termed as “patent specification.”

For trademark registration, you will also have to complete an application form which can be downloaded in the website of the Patent and Trademark Office. The application form can also be obtained from the physical office itself. Together with the application form, you will submit a piece of paper with the illustration of your “mark.” Additionally, just like in patent registration, you also need to give a description of your trademark or service mark as well as on what goods or services it will be utilized.

Both patent and trademark application has its corresponding filing fees. The approval of patent and trademark is being managed by the United States Patent and Trademark Office (USPTO).

There are people or institutions who can help you deal with your patent or your trademark registration. For instance “The Investors Assistance Center” is an agency which can help you with topics concerning patent. On the other hand, a professional lawyer who specializes in federal trademark may be of help on your queries about trademark registration.

The idea of an individual may it be in the form of an invention or simply a signage is an important asset of one’s society. Knowing how to properly utilize it as well as take good care of it can hold a lot of benefit not only to the discoverer but to the whole nation as well.

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