Entreprogrammers

The podcast for developerneurs

  • Episodes
  • Blog Posts
  • About
  • Subscribe
    • iTunes
    • Android
    • Podcast
    • Blog

Episode 112 “Derick Favored Ice Cream”

1 April 12, 2016 by Eric Begay


do_entreprogrammers-03



Episode 112 “Derick Favored Ice Cream”

2:00
And we’re live! Derick says he is going to raise his prices on Watch Me Code. Derick talks about getting some ideas from the guys at egghead.io. Derick wants to experiment with annual subscriptions and maybe stop the monthly subscriptions. Derick get ideas to possibly try a 6 month or quarterly type subscriptions if the annual model does not work out.

9:00
John suggest doing an annual plan with a shorter term model. Josh asks about the turn rate. Derick says he has a 10% turn rate. Derick thinks at least half dozen people are signed up for the entire year. According to the turn rate, the annual plan makes sense for Derick subscriptions. Derick thinks this is going to change the overall message to the corporate organization who pay for their employee’s subscriptions.

16:30
Josh suggest outlining a ‘battle plan,’ so the EntreProgrammers can help him keep on track. Derick says he wants to try this plan for 2 months, which is fair enough to lose sales for 2 months until things pickup on the new model. Derick plans to create some special video content for the on-boarding of new signups.

23:00
John is concerned about not having a monthly plan. Chuck thinks he should have a baseline for sure. John thinks that $15 verses $50 means those who are willing to pay more are serious about the subscription. Josh suggest a lifetime subscription at $997.

33:00
Josh says the 3-4 month customer lifetime is normal for this kind of site, and increasing that is difficult. Josh thinks the revenue will let you know which model or models to go with. John suggests a type of community forum as apart of the new plan. Derick thinks using a Slack channel or using a Facebook group.

41:00
Derick say he needs to go back to PayPal integration in Drip, and creating an automated system to invite people to Slack when they signup.

47:00
John says he is into the bookkeeping or digging deep into his bookkeeping. John says he is following what his current bookkeeper is doing. John mentions he wants to switch to a cash base accounting. John thinks this will streamline the bookkeeping system.


do_entreprogrammers-031:04:00

Chuck talks about the numbers in his bookkeeping. Chuck thinks he may have to ask his bookkeeper some questions. John says it is important if things are categorized to track what is making the revenue. The EntreProgrammers talk about how to check on bookkeeping and understanding how how numbers are defined. Chuck talks about having to let go of one of his Rails developer.

1:15:00
Chuck talks about his experiment with WordPress and building out a site. Chuck mentions he got more done with his WordPress site this past week. Derick mentions that EntreProgrammers no longer have Nird as a sponsor.

1:23:00
Derick plugs the book “Death by Meeting” by Patrick Lencioni. The EntreProgrammers talk about their experience at Micro Conf. and being recognized by tons of fans.

1:30:00
Derick shares a story about trying to get into the Ghost Bar with John. “What happens in Vegas gets broadcast on Youtube.”

1:38:00
John mentions doing a talk at Micro Conf., especially about 401k and real estate. Chuck ask what was one of the biggest take aways after attending Micro Conf. Chuck talks about his conversation with Kai Davis and his key take aways. Derick talks about putting names to faces and finally meeting Rob Walling, and his takeaways for Micro Conf. John talks about not really have a list of things, but making tons of connections. Josh mentions that he is still not in the spot to where the situations apply to him at this in his business.

1:50:00
Josh thinks that the Life Style business idea is a cope out and explains why. EntreProgrammers discuss a what a competitor is on a smaller scale. John says it’s hard to create 500 dollars of passive income, but once you start creating 3000 dollars of passive income, its not hard to create 10,000 dollars thereafter.

Thoughts for the Week

Derick – Stop making excuses…and get your product out the door.
John – Always face the truth.
Josh – Get to know your customers
Chuck – Get comfortable being Uncomfortable….

 

 

If you like this post, please share it along:

Previous Post


Episode 111 “Retreat in Las Vegas”

Next Post


Episode 113 “Expert Sex Change Host”

Related Posts

  • EntreProgrammers: Thunder Team | Episode 17 “The One with the Squatter or Opposite the Grow House?”
  • Episode 340 “Keep an eye for details”Episode 340 “Keep an eye for details”
  • Episode 170 “Cheap Bastard”
  • Episode 85 Interesting, If Not Beneficial

Categories

  • Podcast

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014

RSS and Podcast

  • Podcast
  • Blog
  • iTunes

The EntreProgrammers

  • Josh Earl
  • John Sonmez
  • Derick Bailey
  • Charles Max Wood

Copyright © 2014 Josh Earl, John Sonmez, Derick Bailey. Log in