Post on 05-Jan-2016
description
Welcome to Content Club
Dan Norris - Co-founder contentclub.co
The 7 Day Startup How to build a scalable WordPress business in 1 week
Dan Norris
• My story
• How to make good decisions
• How to choose a business idea
• The 5 most important elements for growth
• WordPress business ideas matrix
• Questions
Topics
• Everyone told me it was a good idea
• Took me 6 months to launch paid version
• 4,000 free signups
• Coverage in TNW / Mashable
• 12 months later $476 in MRR
Informly Timeline
• Business idea at uni - didn’t launch
• Agency couldn’t grow
• Startup - total failure
• SEEK
• Moving cities
WTF?
WTF?
WP Live Ninja
24 / 7 access to a live WordPress developer for $49
WP Live Ninja Timeline
• Saturday - Had the idea / registered the domain
• Sunday - Uploaded a $37 theme
• Monday - Filled in the content and set up apps
• Tuesday - Posted a special deal in a forum
• Wednesday - Emailed the list and asked them to sign
up
• Next Wednesday - $476 MRR
WP Curve now
• Me and Alex in the US• Total team size of 21 people• 500 customers• $37,000 in Monthly Revenue (mostly
recurring)• 35,000 monthly visits to our site• Featured on Fox TV, Forbes, Inc.com• $181.00 total spent on advertising• Presenting at WordCamp’s worldwide
WP Curve I had no time to think about
• Sexy ideas• My failure• Permission• Assumptions• The small stuff• Pricing strategy• The perfect payment gateway
“You don’t learn until you launch”
How decisions changed
• Experts said unlimited wouldn’t work - data said otherwise
• We thought agencies would be our market - they weren’t
• We thought everyone would use chat - they prefer email
• I thought we needed seamless Stripe integration - PayPal
was fine
• No big launch - a long ongoing growth curve
• No flashy site - a $37 WordPress theme was fine
• I thought WP Live Ninja was a cool name - it wasn’t
The 7 Day Startup Process
• Day 1 - Choose an idea
• Day 2 - Design your MVP
• Day 3 - Choose a business name
• Day 4 - Build your site and marketing funnel
• Day 5 - Set up a marketing plan
• Day 6 - Set targets
• Day 7 - Launch
9 elements of a great bootstrapped business idea
1. Enjoyable daily tasks
• Dealing with cheapskates
• Packing envelopes
• Going to the post office
• Getting trolled on oz
bargain
• Solving problems
• Building and managing a
team
• Creating content
• Building an audience
2. Product / founder fit
• Sales
• Business development
• Quoting
• Local team
• Creating content
• Building a remote team
• Going on podcasts
• Getting press
3. Scalable business model
• Expensive resources
• Low profit margin
• Clients with high
expectations
• Local focus
• Entire world as market
• 70 million sites
• Margin built into the
business
• Virtually infinite resources
4. Operates profitably without the founder
• Would have to hire 5 people
• I could never leave
• 50% profit margin
• I can replace myself at
about 750 customers and
still make a good living
5. Builds an asset you can sell
• Re-sold hosting
• No value being created
• Recurring audience
• Own IP
6. Large market potential
• Mostly local
• Some interstate
• 70 million wordpress sites
• Operates 24 / 7
• Worldwide team
7. Have a pain or pleasure differentiators
• Just another agency • Unlimited - invoice pain
• 24 / 7 - Responsiveness
anxiety
8. Unique lead generation advantage
• Better looking
• Better at sales
• Nicer office
• Better looking
• Better beard
9. Ability to launch quickly
Stop operating on assumptions
The 5 most important elements for growth
1. Profit margin
2. Large market
3. Asset building
4. Simple business model
5. Recurring or predictable revenue
Where to learn more
• wpcurve.com/7daystartup
• wpcurve.com/blog
• @thedannorris on Twitter
• dan@wpcurve.com
• Please approach me
Questions?
Welcome to Content Club
Dan Norris - Co-founder contentclub.co
Unlimited WordPress support & small jobs, 24/7 from $69 per month.
wpcurve.com