When I worked in a startup, there was this unwritten rule that the person that worked the longest was the most helpful. It was like a direct correlation existed between hours sitting at a computer and value to the company. This placed no focus whatsoever on accomplishment. Just activity. So a person who sat at their desk and drummed up $200,000 in sales in a single morning was useless compared to a programmer that worked on a single function for 100 hours in a single week. Crazy, right? But my point isn’t value. Or the fact that great value can […]
Using LinkedIn to Give Your Landing Pages Better Social Proof
When people first land on a page that’s selling them something—whether it’s a service, theme, plugin, or hosting—they may not know you. And if they don’t know you, or have no preconceived notions of who you are, then you know that the sale will be challenging. Some developers will push a long list of features. And it can work. But it can just as easily lead people to a sort of analysis paralysis. After all, they have to figure out what all those features mean and what they will do for them. And determine if they need them. Some developers […]
Outside in, Rather Than inside Out: Changing Our Perspectives as We Price New Products
There are several pricing models that exist out there and I thought it might help our business discussions to look at them and to highlight the biggest difference between cost-based and value-based pricing. Cost-Based Pricing Flat Pricing The most simple of cost-based pricing approaches is to simply charge a single price. It’s also the one that most people are used to—like when you walk into a store, grab a product, and it has a single price tag on it. If your production costs are clear, and your margin determined, then a flat price may not give you the best profit, […]
5 Other WordPress Businesses That You Could Start
Unless you got here by mistake, you’re here because you’ve heard how popular, and maybe even how easy, WordPress is. And if that’s the case, maybe you’ve considered stepping into the ecosystem. Maybe you’ve wondered what kind of business opportunities exist—especially if you don’t feel confident going out on your own yet, and don’t love working for an agency. Or maybe you don’t feel like your experience warrants the rate you would need to charge to go on your own. So even if everyone you know talks about the jobs listed below, you’re not sure if they’re a right fit […]
Don’t Quit Your Day Job yet . . .
Every week I talk with a WordPress developer who is thinking about quitting their day job and going full time—either as a freelancer or into creating a new product. Every week I walk them through the reasons I suggest they don’t quit their day jobs just yet. If you’re in a similar place, this may be of help to you too. So here are 5 reasons to keep your day job. #1 Scarcity brings focus I’m going to talk a lot about scarcity. So let’s begin with a simple understanding of what it means. Scarcity is all about a restricted […]
The 4 Things Subscription Businesses Have in Common
Online membership sites are big business. Are you thinking of using WordPress to create a subscription business? Membership sites regularly charge customers—on a monthly, quarterly or annual basis. These make them subscription sites; and I thought it would be helpful to look at a particular aspect of WordPress membership sites that most people forget about when picking plugins and getting to work. Like I said, membership sites are big business, they’re not just little sites charging $20/month for some marketing tips. Subscription sites also include Amazon Prime—where some twenty million users not only get discounted or free shipping, but also […]
The Most Important Role in Your WordPress Professional Service Business
We Often Start in the Same Place When freelancers get their start, they often use the term “one-stop shop” with their friends, clients, and networks. People hear the phrase and their reaction depends on their experience. Younger folks nod in agreement; more seasoned folks smile with empathy and compassion. Because they’ve been there. We’ve all been there. Eventually we discover that our clients had a more pressing objective in mind. They just wanted the work done. Complete. Whole. With a single point of contact. That doesn’t suggest, nor should it, that the client was asking for a single person to do […]
3 Things Every Entrepreneur Can Learn from Shiva Keshavan
Have you been watching the Olympics? Let’s start with the fact that his country’s not known for its cold weather. Or that its favorite sport is cricket. Add to that the fact that its own Olympic committee was recently suspended because it elected criminals to its leadership. Oh, and top it off with the fact that there’s not a single place to practice the luge in the entire country. There’s just no way to explain Indian athlete Shiva Keshavan’s appearance at this year’s Olympic Winter Games. Until you realize that he’s been practicing by putting wheels on his luge and taking it […]
The Difference Between WordPress Companies and Silicon Valley Startups
The other night I read a line in one of the awesome posts at the Matt Report. (By the way, if you’ve never watched Matt’s interviews, you’re really missing out.) The line was this: I’ve said it before and I’ll say it again: We’re in an interesting phase of the WordPress growth spurt. It’s only a matter of time until we see some larger WordPress companies really break away from the pack and follow the traditional path of a Silicon Valley startup. And that got me thinking. As someone who spent a decade in five Silicon Valley startups and now […]
Entrepreneurship Isn’t Easier the 2nd (or 3rd) Time
You step onto a boat. It feels different—but you expected that, because you’re on the water. And while you enjoy the next few hours (or days) on the boat, you don’t really think about what it will be like when you step onto dry land. When you finally step onto land, it’s apparent you’ve developed “sea legs” because you still feel like you’re moving, even when you’re not. It’s not like you’ve never walked before. It’s not like you don’t know that you’re now on land. You just can’t out-think the reality that your brain and body got used to […]
1 Comment