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To tap this burgeoning market, companies should consider working with local partners who possess a more intimate knowledge of each market. Faced with the rising costs of labour, materials and land in Chinese cities, companies are increasingly sourcing from other Asian countries like Vietnam, Indonesia, Pakistan and Bangladesh.
More than two years ago, my business partner and I discussed launching a hosted version of our ASP.NET invoicing software, DotNetInvoice. We developed the plan and task list, and estimated the effort at around 160 hours including development time needed to make DotNetInvoice a multi-tenant application. After your product launch.
‘’ABC, a US company, signs an agreement with Mr ‘’X’’, a citizen of Bangladesh. ABC pays Mr ’’X’’ a US median market pay rate which is times above the pay rate in Bangladesh stating that the company wants to support the local community. ’’ Round-tripping.
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