learn from my mistakes, don't make them: the business of wordpress - talk given at wordcamp...

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WordCamp Europe 2013 Learn from my mistakes! The Business of WordPress Miriam Schwab WordCamp Europe 2013 (Yay!)

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In this talk, I discuss the issues I've faced and mistakes I've made throughout my seven years of running a WordPress-focused agency. This talk was given at WordCamp Europe 2013.

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Page 1: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

Learn from my mistakes! The Business of WordPress

Miriam SchwabWordCamp Europe 2013

(Yay!)

Page 3: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013
Page 4: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

7 Years in the WP biz

3 WordCamps organized

100 WP sites built

5 Continents with clients

Page 5: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

Here’s my gang

Page 6: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

1. Diversify your services

Page 7: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

Us, looking for new projects.

Page 8: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

Projects vs. Recurring

Jan

Feb

Mar

chAp

rilMay

June

July

Aug

Sept Oct

Nov Dec0

5000

10000

15000

20000

25000

30000

35000

40000

45000

RecurringProject

Page 9: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

The Zen of Recurring Revenue

Page 10: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

Breakdown of services today

WordPress sites70%

WP Hosting/Maintenance

10%

Digital Mktg.10%

Courses/consulting10%

Page 11: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

Goal breakdown of services

WordPress sites40%

WP Hosting/Maintenance30%

Digital Mktg.20%

Courses/consulting10%

Page 12: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

2. Much ado about clients &

chemistry

Page 13: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

Who is your ideal client?

Budget Industry

Referral

Timeline

Mentsch?

Page 14: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

Same conditions…

Client 1 Client 2

Industry Tech Tech

Project Manager X X

Type of project Theme + custom design

Theme + custom design

Designer Theirs Theirs

Developer Y Y

Page 15: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

Results: Client 1

Page 16: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

Results: Client 2

“Grumble, grumble, you provide bad

service, we don’t like you. Grrrrrrr.”

Page 17: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

Conclusion: we can only do our best.(So go have a cuppa.)

Page 18: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

3. CRM. Now.

Page 19: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

Global Workforce: 3.4 billion(IDC)

Page 20: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

Using CRM: 15 million(SugarCRM)

Page 21: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

CRM Penetration: 0.5%(ReadWriteWeb)

Page 22: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

56%44% Using CRM

No CRM

Forrester CRM Study Q3 2012

Page 23: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

Why so serious

Page 24: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

Why so serious CRM?

Page 26: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

Zoho CRM

Page 27: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

4. Be prepared for growth

Page 28: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

HiringWhat you are looking for• Experience• Portfolio• Personality• References• Test them!

What they are looking for• Compensation• Respect• Opportunity to learn• Flexibility• Passion

Page 29: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

Collect Freelance Talent

Page 30: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

You might be fired.

Page 31: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

5. Finding your price.

Page 32: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

Open Source means it’s free,so why do you cost so much?

Page 33: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

I read that WP is easy, so can’t you just add this feature?

Page 34: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

You will always cost more, and less, than others

Page 35: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

x = number of billable hours per month = 60% of available work hoursy = overall overhead per month (salary, taxes, rent, office expenses)z = profit goalsa = hourly rate

(y + z) / x = a

Page 36: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

Differentiate yourself

• Service• Skills• Holistic• Give• Social media

• Teach• Organize• Publish• Wow them

Page 37: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

6. Do not live by data alone

Page 38: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

Page 39: Learn from my mistakes, don't make them: The Business of WordPress - talk given at WordCamp Europe 2013

WordCamp Europe 2013

THANKS!

Miriam Schwab [email protected] more about illuminea at illuminea.com