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FAQs to Building Software |
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How much does an online business cost?
Every online business has a different cost to start up and operate, depending on its type, size and complexity. The important part is establishing a budget that is realistic and based on a well-thought plan, market validation and considers the costs of marketing and sales. Despite excellent software, most online companies that fail do so because they underestimate their costs.
ThinkLogic can help you develop your plan to incorporate all aspects of what you’ll need in order to offer your online business to customers. Plus, through our Vested in Your Success program, your company may qualify for deferred payment for our services. Contact ThinkLogic for a free consultation and to learn more about our partnership opportunities. Why would I choose ThinkLogic over a typical software company?
ThinkLogic has a 10-year history of successfully developing and bringing to market hundreds of new web-based custom software applications. From concept refinement and business planning to technology deployment and selling to the end-user, ThinkLogic’s team has expertise in both technology and marketing.
In addition to our depth of experience, ThinkLogic also offers unique new business programs to help get your company launched with a strong start. Our Vested in Your Success program helps new companies get the technology expertise they need, without drastically impacting cash flow resources. We also have many relationships with the industry’s most respected investors, and can help you get the funding you need. Can you help me find funding?
Our extensive network of industry relationships allows us to offer ThinkLogic clients opportunities that our competitors cannot match. One of those benefits is assistance with finding and securing funding for your software business.
We first begin the process by reviewing and refining your business plan. If you don’t have a business plan, we’ll help you to create it. With our years of experience starting and growing new businesses, we understand what a business plan needs in order to attract investors.
In addition to the words you present to investors, being able to show them the software can be a powerful tool of persuasion. ThinkLogic will help you to develop a prototype that demonstrates the key functionality of your software. Finally, we’ll help you put together the entire presentation and prepare you to submit your plan and prototype of angel investors or venture capitalists. How long does it take to develop an online business?
The development of a new online business includes several steps to ensure success. However, the duration of each step and the process varies for each project based on the complexity of the technology and the budget.
ThinkLogic’s strategy for developing an online business is focused on reducing time-to-market and costs for our clients. We do this by prioritizing the functionality of the software’s first release to be deliverable to customers as quickly as possible. Once your company is making money then we help you to determine what additional features and refinements will be made in subsequent releases. What is the difference between SaaS, ASP, onDemand and eBusiness?
Software-as-a-Service (Saas), Application Service Provider (ASP), OnDemand Software and e-Business are terms to describe the way software is delivered to the end user. ThinkLogic specializes in developing custom software applications for these types of delivery models.
- Software as a Service (SaaS) is a model where the software company provides maintenance, daily technical operation and support for the software provided to their customer.
- An Application Service Provider (ASP) is a business that provides computer-based services to their customers over a network. The customer accesses the software on the software company’s servers and pay for their use.
- OnDemand software refers to web-based applications that can be easily controlled at the server level. OnDemand software has been predicted to be the method by which all software applications are delivered in the future.
- E-business is an umbrella term for having a presence on the web. An e-business site may be very comprehensive and offer more than just selling its products and services. For example, it may have general search functionality, the ability to track shipments or have threaded discussions.
- Can ThinkLogic help us with traditional software development, project management, website design, hosting or marketing initiatives?
ThinkLogic offers custom software development, project management, website design, web hosting and marketing services to hundreds of clients.
Because of the success of web-based software applications, ThinkLogic has evolved to specialize in developing scalable applications that generate revenue for our clients in a subscription model.
- Will you seek resources offshore to lower the cost of development?
ThinkLogic develops nearly every project locally in order to maintain control over the project’s timeframe and budget constraints. We consider offshore resources on a case-by-case basis in order to make the decision that is the best for our clients’ specific needs and situations.
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