08.06.2014 - By David Hehenberger and Doug Yuen
In this episode, we go into detail about the business model and mechanics of Doug’s business, PodWP/EfficientWP.
The Changelog
* David:
* Set up demo using Ninja Demo (demo of Easy Pricing Tables)
* Switched from Github to Bitbucket due to pricing structure
The Core
* PodWP is a niche WordPress hosting and design business
* Started hosting clients on multisite to simplify maintenance
* Why choose the podcast niche?
* Experience: already built podcast websites, want to specialize
* Opportunity: no competition, some podcasters don’t have sites
* Serving a need: can make things a lot easier for podcasters
* Lots of room for improvement on existing sites:
* Design
* Performance
* Conversions – email list
* Engagement – comments, contact form, voicemail
* Infrastructure:
* WordPress multisite install
* Client pros:
* No maintenance or security to worry about
* Premium themes and plugins included
* Templates with a theme and certain plugins pre-configured
* Fast and reliable infrastructure
* Great value compared to buying:
* Managed hosting
* Maintenance contract
* Premium themes and plugins
* Client cons:
* Can’t install their own themes and plugins
* No email hosting, cPanel, etc.
* Risks of this business model:
* Many podcasts fail before 10 episodes
* Low barrier to entry for competitors
* Unproven market
* Similar niche services based on multisite installs:
* Low end: WordPress.com, Edublogs
* High end: Restaurant Engine by Brian Casel, New Rainmaker
Tips & Tricks
* David: WPStream (in the repository)
* Records everything that happens on your site
* Doug: RescueTime
* Tracks productivity and time spent on various sites/applications