My talk for Shropgeek Revolution on creating profitable, bootstrapped side projects.
Resources can be found here: http://rachelandrew.co.uk/presentations/not-doing-a-startup
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We're Not Doing a Startup
1. We’re not
“doing a startup”
How to cut through the hype and build your side
project into a profitable business.
Rachel Andrew, #revolutionconf 2014
Friday, 26 September 14
3. “I owe my success to having listened
respectfully to the very best advice,
and then going away and doing the
exact opposite.”
G.K. Chesterton
Friday, 26 September 14
4. This is a marathon, not a 5K.
Friday, 26 September 14
6. It’s not about the money
(until it is)
Friday, 26 September 14
7. Getting
started
Choosing the perfect
product to bootstrap as a
side-project.
https://www.flickr.com/photos/joeshlabotnik/7276841268
Friday, 26 September 14
8. “The way to get started is to quit
talking and start doing.”
Walt Disney
Friday, 26 September 14
9. A product ...
• for an audience you are already part of
• that can get to a shippable version 1 quickly
• that solves a problem people will pay to have
solved
• that does not need a lot of traction to be useful
• that has existing competition
Friday, 26 September 14
10. A product for an audience you are
already part of.
Friday, 26 September 14
12. “Are you a Ruby developer? Then
serve Ruby developers. Are you a UX
designer? Serve UX designers.”
Amy Hoy
Friday, 26 September 14
13. The worst that could have happened
with Perch? No-one would want it
but we’d have a useful tool for our
business.
Friday, 26 September 14
14. With a track record in a community
you will already have trust.
Friday, 26 September 14
15. A product that can get to a
shippable version 1 quickly.
Friday, 26 September 14
16. “The goal of a startup is to find the
sweet-spot where minimum product
and viable product meet – get people
to fall in love with you.”
John Radoff
Friday, 26 September 14
17. To launch with a small product, you
need to find a problem that can be
solved with a small product.
Friday, 26 September 14
18. Perch v.1
• A simple content editor
• No way to add new pages
• No API
• Images could be uploaded - but not resized
Friday, 26 September 14
19. The Problem
Client requests that an already
developed static site be made
editable via a CMS.
Friday, 26 September 14
20. The Solution
A simple CMS that turned static
pages into editable pages by way of
dropping in a couple of PHP tags.
Friday, 26 September 14
21. A product that solves a problem
that people are happy to pay to
have solved.
Friday, 26 September 14
22. Money is the only validation
Friday, 26 September 14
23. A product that does not need a lot
of traction to be useful.
Friday, 26 September 14
28. What problem is your competition
NOT solving? Build it.
Friday, 26 September 14
29. New concepts will require you to
educate potential customers as to
why they even need your product.
Friday, 26 September 14
30. Finding the
time
How to make time for
side-projects.
https://www.flickr.com/photos/mybigtrip/6111406
Friday, 26 September 14
31. “One worthwhile task carried to a
successful conclusion is worth half-a-hundred
half-finished tasks.”
Malcolm S. Forbes
Friday, 26 September 14
32. “In truth, people can generally make
time for what they choose to do; it is
not really the time but the will that is
lacking.”
Sir John Lubbock
Friday, 26 September 14
33. Get set up to be able to pick up and
work on your side-project quickly -
whenever the time is available.
Friday, 26 September 14
34. Your product must be a first-class
citizen alongside your other work.
Friday, 26 September 14
35. Set aside time and plan in advance
what you will do with it
Friday, 26 September 14
36. “Goals are dreams with deadlines”
Diana Scharf Hunt
Friday, 26 September 14
37. There is power in setting a goal,
writing it down, putting a date on it
Friday, 26 September 14
38. How to get started
• Choose your goal
• Define what it is you are going to create
• Put a date on it.
Friday, 26 September 14
39. “In a nutshell, the idea is to start with
the end-goal in mind, then divide it
into smaller and smaller increments.
Plan all of the actions in detail
beforehand, then get to work.”
Brian Casel
http://casjam.com/the-cascading-to-do-list-or-how-to-get-big-things-done/
Friday, 26 September 14
40. Be realistic about how much you can
achieve. Feeling as if you are falling
behind can demotivate you.
Friday, 26 September 14
41. If there is not enough time ...
• Either revise your end date
• Or, remove elements of the project - pushing
them into a post-launch phase.
Friday, 26 September 14
42. Be ruthless in cutting features that
can be added post-launch
Friday, 26 September 14
43. The “missing” features at launch will
seem far more important to you than
to your customers.
Friday, 26 September 14
45. • Start Small
• Get feedback from paying customers
• Improve and add to your product based on
their needs balanced by your vision.
Friday, 26 September 14
48. Launch and
beyond
Managing a growing side-project
alongside an
existing job or business.
https://www.flickr.com/photos/nasamarshall
Friday, 26 September 14
49. “Now this is not the end. It is not even
the beginning of the end. But it is,
perhaps, the end of the beginning.”
Winston Churchill
Friday, 26 September 14
50. Our timeline
• We launched Perch at the end of May 2009
• At launch we were still 100% booked out on
client projects
• Income from Perch was initially reinvested into
Perch
• January 2013 we made the decision to stop
taking on new client work
Friday, 26 September 14
51. A successful side-project should be
given more time as it represents a
higher % of your income.
Friday, 26 September 14
52. Not making a profit?
• Are you pricing too cheaply?
• Are you reliant on expensive services?
• Are you attracting customers who need a lot of
support?
Friday, 26 September 14
53. The slower growth curve of
bootstrapped products gives you
time to fix problems before they
become BIG problems.
Friday, 26 September 14
54. Never promise a specific timeframe
to customers
Friday, 26 September 14
55. When your product is a side-project
you have even more things that could
cause you to push back a feature.
Friday, 26 September 14
56. We don’t publish a roadmap
• It allows us to be flexible and react to customer
needs and changing trends in web design.
• It means that customers are not relying on the
launch of feature X in order to complete a
project.
• It means that we can hold back a feature until
we are absolutely sure it won’t cause anyone a
problem.
Friday, 26 September 14
57. Use Cases not Feature Requests
Friday, 26 September 14
58. Find general solutions that will
benefit many customers rather than
adding very specific features
Friday, 26 September 14
59. Understanding the problem means
we can help the customer now and
optimize the solution later.
Friday, 26 September 14
60. Delight customers by solving their
problems and letting them know
when you have done so
Friday, 26 September 14
64. Small releases
• Fewer changes = fewer things to go wrong
• Easier to isolate the issue if a problem does
occur
• Get features to customers more quickly
• For our customers, less of a dramatic change
that they need to communicate to their clients
Friday, 26 September 14
65. Don’t be led by a noisy minority
Friday, 26 September 14
66. Seek out the opinion of those
customers you never hear from. The
happy majority are often silent.
Friday, 26 September 14
67. Marketing
How to tell people about
your product, when you
have no money to burn.
https://www.flickr.com/photos/brent_nashville/5284764031/
Friday, 26 September 14
68. “Marketing is no longer about the
stuff that you make, but about the
stories you tell.”
Seth Godin
Friday, 26 September 14
69. You have made something that
genuinely solves a problem. Go tell
people about it!
Friday, 26 September 14
70. Pre-launch of Perch
• A month before we put up a landing page and
email signup form
• About 500 people signed up
• We emailed the list on launch and those people
represented enough sales on launch day to pay
back all pre-launch costs.
Friday, 26 September 14
71. Your reach will give you your initial
customers. Then what?
Friday, 26 September 14