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

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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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WordCamp Europe 2013

Learn from my mistakes! The Business of WordPress

Miriam SchwabWordCamp Europe 2013

(Yay!)

WordCamp Europe 2013

7 Years in the WP biz

3 WordCamps organized

100 WP sites built

5 Continents with clients

Here’s my gang

WordCamp Europe 2013

1. Diversify your services

WordCamp Europe 2013

Us, looking for new projects.

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

WordCamp Europe 2013

The Zen of Recurring Revenue

Breakdown of services today

WordPress sites70%

WP Hosting/Maintenance

10%

Digital Mktg.10%

Courses/consulting10%

Goal breakdown of services

WordPress sites40%

WP Hosting/Maintenance30%

Digital Mktg.20%

Courses/consulting10%

WordCamp Europe 2013

2. Much ado about clients &

chemistry

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Who is your ideal client?

Budget Industry

Referral

Timeline

Mentsch?

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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

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Results: Client 1

WordCamp Europe 2013

Results: Client 2

“Grumble, grumble, you provide bad

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

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

WordCamp Europe 2013

3. CRM. Now.

Global Workforce: 3.4 billion(IDC)

Using CRM: 15 million(SugarCRM)

CRM Penetration: 0.5%(ReadWriteWeb)

56%44% Using CRM

No CRM

Forrester CRM Study Q3 2012

WordCamp Europe 2013

Why so serious

WordCamp Europe 2013

Why so serious CRM?

WordCamp Europe 2013

Zoho CRM

WordCamp Europe 2013

4. Be prepared for growth

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

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

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Collect Freelance Talent

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You might be fired.

WordCamp Europe 2013

5. Finding your price.

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

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

You will always cost more, and less, than others

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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

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Differentiate yourself

• Service• Skills• Holistic• Give• Social media

• Teach• Organize• Publish• Wow them

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6. Do not live by data alone

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WordCamp Europe 2013

THANKS!

Miriam Schwab miriam@illuminea.comLearn more about illuminea at illuminea.com