What You Can Learn From MicroConf 2014 – Even If You Didn’t Attend

Hi there.

Maybe you – just like me – didn’t make it to MicroConf 2014. But that doesn’t mean you (and I) can’t learn a lot of things from MicroConf 2014. There was so much talk on Twitter (#MicroConf) and so much to learn from it.

I’ll start off with my personal selection, but you’ll find a link to Chris Vannoy’s notes at the end of this post.

Personal Selection

What better way to start off with than Patrick McKenzie’s iconic quote? I can only imagine how often those words have been uttered in the hallowed halls at MicroConf.

Hiten Shah lead off the conference with a great talk starting, scaling and growing your startup. One of the best take-aways from his talk was that you should charge your customers as early as possible. Remember that money is the only real validation. If people are not willing to pay for it, they don’t find it valuable enough

Another gem from Hiten. Focus on your customers and making them successful; Growth will come to you. Don’t obsess over some feature or how awesome you think your product is. This is incredibly hard for me. But nevertheless: Customers first, you/your product second.

I’m not a huge fan of this. I think that a lot of those that follow you back are either on auto-follow-back or they care as much about their Twitter feed as you do. Because following more than 1,000 accounts will flood your feed with mediocre tweets from people you’re not even interested in.
I strongly believe that this behaviour results in a first-class vanity metric. You’ll have lots of followers and no engagement. There’s no shortcut in building meaningful connections.
But – if you can – PLEASE proof me wrong on this.

This one is a really important when you have people working for you. Empower them to make decisions for you. Yes, errors will happen. Don’t be afraid of that. A wrong decision now and then won’t hurt as much as everyone constantly waiting for you to make up your mind.
Often it is easy to remedy a wrong decision. More often than not it is NOT wrong at all – just another way to skin a cat. The way you do things is NOT the only way to do it, embrace different or even better solutions.

Another thing to take away from Mike’s talk was this list of directories to announce your up-coming startup to.

Going beyond that age old wisdom Mike advocates to make the following thought experiment: “What if you only had 4 hours each week to get ALL your work done?”
Three tips for the stressed out Micropreneur:

  • Don’t work nights & weekends (corollary: go from moonlighting to full-time ASAP)
  • Get your sleep
  • No late snacking

That is definitely something I’m going to use with my upcoming product LinksSpy.com. I’ve named the plans “Individual”, “Marketing Team” and “Agency” – we’ll see how well this works.

Here Patrick is talking about testimonials and logo walls on your website. For instance it is OK to have a logo wall stating “build on the same platform as: BMW, IBM, Oracle, etc” when you’re using Heroku to host your application – even if those companies are NOT your  customers.

I’m not entirely sure what this refers to, but I assume it is about putting too much stress on yourself as a founder; neglecting exercise, sleep and eating right. I remember Sherry giving an incredible talk at MicroConf 2013 about staying healthy as an entrepreneur’s spouse.

No explanation needed for this one.

I think that this point is really important. We often obsess about features left and right. All the while features don’t make our offering unique; our message does. Our customer support does. Our brand does.
And while I’m at it: Talk about your idea BEFORE you launch. Nobody is going to steal it. Your idea is not special and probably a dozen people have thought of it before you. Don’t be afraid of talking about it and get some feedback.

Another golden rule of building a great product: It’s about your customers, not your product. Them, not you.

You should start with small baby steps and build your way up from there. Get a random stranger to send you money over the internet (NO scams please); that moment will be magical. It certainly was for me.

Such an amazing quote from Nathan’s talk. Also: Teaching is a LOT of fun. Give it a shot.

Gumroad has a lot of data on people marketing their products. Ryan Delk shared quite a bit of it apparently and one big take-away – tweeted at least a dozen times – is how you should price your tiers. That is a great heuristic and you should apply it in the absence of own data – i.e. when starting your business.

Another gem from the Gumroad data. Having multiple price points allows your customers to pay you more; do it!

Unsurprisingly email still works best to market your product. Set up that drip email campaign already 🙂

This one is absolutely interesting. When you use retargeting on visitors, don’t send them to your front page when they click on the retargeting ad. Send them to a custom landing page and funnel them into a drip email campaign. Educate them and THEN try to sell. Great take-away and definitely something I did wrong in the past.

I knew that you should remove existing customers from your retargeting list (but I didn’t do it). But this idea is mind-blowing genius! Don’t delete them from your list, put them in another list, serve different ads. E.g after signup offer them a webinar, get them to invite their team mates, whatever makes sense with your product. This is genius.

Another good reason to get the credit card as early as possible.

Definitely have to do this for LinksSpy. I imagine you get a lot of great insights about what is missing from your product.

Links to further resources

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8 Micropreneurs share their best business lesson of 2013

2013 has been an amazing year for me. Never before have I learned that much about running a business. I’ve learned most of what I now know from a bunch of amazingly successful micropreneurs who I now consider my friends.

I asked a few of them to write about their most important business lesson of 2013 and they were kind enough to share them with you

 

Launch Sooner With Concierge Onboarding

Andrew Culver runs churnbuster.io – a SaaS that soothes the pain points when you’re scaling your payments via Stripe

After identifying the opportunity to create a SaaS product to address a major (and costly) pain point being experienced by me, my consulting clients, and my friends running subscription-based businesses, I wanted to get the “MVP” of the product out the door as soon as possible.

First, I wanted to validate that people would actually pay for the solution. Not just verbal commitments and “that’s a cool idea,” but actually collecting my first dollar when they signed up.

Second, I also wanted to make sure I didn’t lose steam developing the product before it was released. Rather than sending invitations to early customers where they could sign-up for the beta, I instead setup concierge appointments where we could chat on Skype and set up their account together via screen sharing. This one choice eliminated so much guesswork from the early development of the product:

  1. I didn’t have to guess what customers would understand and what they wouldn’t. Instead, I could get that feedback from them in real time as we stepped through the process together. If I found myself needing to explain something to everyone I was onboarding, then some sort of messaging needed to be improved in the product itself. Either way, early customers got through the process regardless, because I was there to help and explain.
  2. I didn’t have to guess what features my customers would want. Instead, I just prioritized the core functionality that I needed and many other non-essential features were not prioritized until people asked about them during onboarding. There were things that people asked for that I didn’t think of, and there were things I thought people would want that no one has ever mentioned and may never be implemented.
  3. I didn’t have to guess what sales messaging would connect with customers. Instead, I could hear from customers what was driving them to sign-up and what aspects of my product’s pitch were the most appealing to them.

By doing this sort of “concierge” onboarding, I was able to ship the product to paying customers earlier with the confidence that the “beta-ness” of my MVP wouldn’t scare them away. It didn’t, and the product is improving because of the feedback I get from these customers and the lessons I’m learning as I see how the product works for them.

 

Improve The Life Of Your Customers

mugshot-brennan-dunnBrennan Dunn runs planscope.io and does workshops to make freelancers even more successful.

The biggest lesson of 2013 for me and my business was just how important it is to make your customers better than they were before they first crossed paths with you. You want your products to be an investment for them, and not an expense. I’ve built into my marketing, my support, and what I deliver to my customers systems that do just this and it’s more than paid off.

 

Separate Your Ego From Your Business

mugshot_andersAnders Thue Pedersen is a fellow MicroConf Europe attendee and runs TSR Watermark Image 

2013 was a turning point for my time and place independent part of my business. In October, I attended MicroConf in Prague and the friendly people blew my mind. The enormity of the knowledge sharing that took place there is still driving much of what I’m doing.

The change was not only how I am running my business but also how I look at my business. Rob Walling from Drip/Hittail talked in his talk about how he dropped the smallest of his business ventures when a bigger one was running. This made me realize that I had but too much of my ego into the software, the user feedback and the business of selling software online.

So even while still at the conference I sat down one night and moved the free version down the page to a less visible place far below the fold. This instantly doubled my revenue and showed me a new path for 2014.

The only pitfall in this plan is that you stop doing what you think is right and as always I struggle to keep myself and my business aligned, but besides that my confidence and self-esteem is no longer linked to people praising me for my software development skills.

So my biggest business lesson of 2013 was to separate my ego from my business.

 

Focus

Matthew Lehner is the author of the upcoming book “Building Web Applications with Ember.js

If there’s one thing that I can take from 2013, it’s the idea of focus. Without focus, I’m lost. Every new idea or opportunity that comes my way feels like the first chance to go to Disneyland as a kid. 2013 was a lack of focus, I was like a puppy and the opportunities were everywhere. 2014 is starting out the same way, but I know what I want the end of 2014 to look like. During 2013 I read books and articles, attended workshops, went to conferences, and thought a lot how I wanted a product based income. I failed to make even a single dollar, because I didn’t put enough effort into one thing instead, I divided my efforts out into a lot of things. That’s my lesson. If you want success, define what that means to you and then work backwards setting goals that will bring you there.

 

Don’t Fly Alone

Tim Cull is a successful consultant and a member of my mastermind group. You can learn more about him on pollen.io

2013 was my year of not flying alone. By that I don’t mean I was a lone-wolf consultant before and now I’ve finally hired employees (I’ve been there already, long ago). What I mean is 2013 was the first year I really leaned on the kindness and opinions of others in a way I hadn’t before. I allowed others in. I let the needs of the market dictate what I did next, even if it didn’t lead me to shiny toys. I put myself out there to meet the Twitter-famous, in person. I asked for help when I needed it. And I sought the counsel of a small group of talented, driven people who kept me flying straight.
And it was awesome. I cannot recommend other people strongly enough and wish I’d reached out to many others, long ago.

 

Improve Your SEO

Dave Collins is the founder of Software Promotions – the SEO & SEM agency for software startups

There’s a more-than-reasonable chance that “looking into SEO” is on your to-do list. If it is, there’s a far-more-than-likely chance that it’s been there for some time, right?

So how about this: I’ll show you how to get a bird’s eye view of how your website is doing, in terms of both quality and quantity of traffic, from the search engines. And the whole thing will take you less than 90 seconds.

The step by step video will walk you through the whole process in less than three minutes. So four and a half minutes from now, you’ll know a whole lot more about your SEO standing than you do right now. What are you waiting for?

90 second SEO overview – no tools required

 

Charge More

Benedikt Deicke is the best Ruby on Rails freelancer I know. He’s working on a CMS for band websites called StageCMS

The most important business lesson for me this year was to be more confident on pricing. When I started freelancing in April my rate was about 1.5 times what I needed to keep up my life style. I started charging hourly, but quickly learned the downsides of this. I thought having an average rate and billing hourly would help me find clients.

However, because of this, I was more of just a hired developer, than a valuable consultant to my clients. Additionally, I rarely was able to bill for more than six hours a day. More than once I discussed work related things with my clients during lunch break or in the evening, for which I couldn’t really bill for. As a result I’m going to switch to a daily rate and raise it by about 30%.

 

Connect With Like-Minded People

Christoph Engelhardt writes on this very blog and also works on LinksSpy.com

My most important lesson of 2013 was to get out and meet other like-minded people. Attending MicroConf was a great experience for me and a LOT of good things came out of it (friendships, mastermind groups, podcast interviews, etc)

Go to a conference, go to a meetup group, do something with other [micro|entre]preneurs – and provide some value to the people around you. It will pay back in so many different and unforeseeable ways.

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