Miles Burke

Startups, digital marketing, small business & more.

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sold my side project

I Sold My Side Project for 1600% in 13 Months

For all of those people who have asked me, with my long gap in blogging, what happened with my $99 side project, yes I sold it at the start of 2018, less than 13 months after starting it, for a little more than 1,600%.

Don’t get me wrong, I enjoyed the process of so much reading every week for a year, but at the time of being approached, I felt like I needed a break post festive season time off.

The whole idea of this side project came from my desire to show people that you can literally start something for less than a hundred bucks. I did it, and more than covered costs along the way.

To hand it on to a new owner, for a significant multiple (even if in real dollar figures, it isn’t much) was the icing on the cake.

Rather than re-hash the lessons along the way, here’s the articles I wrote during 2017, when I was working on it.

The $99 Side Project Series

Here are the articles I wrote, in chronological order…

I urge everyone to try something out. Sure, you may lose a little cash, and waste some of your personal time, however the lessons you can take away are far more valuable than what you put in.

Onward and upwards for my next adventure into side projects!

(and yes, I’ll do my best to write more frequently here, rather than just on the Bam Creative blog and the 6Q blog.)

featuredstartup.com

How I Created My Latest Side Project in 3 Hours for $13.24

I have had this side project idea for a while now, which combines my love for promoting early stage startups and my interest on hearing the stories on how they were inspired.

I spent a few hours last Sunday afternoon, in between household chores and playing computer games with my youngest child, putting together an MVP of it, to see how well received it would be. In this article, I share the tools which I used, and the process I went through.

Planning

Who needs detailed planning, when it’s just a side project? That’s not exactly true, however I knew this was just an MVP to gauge initial reactions to the idea, so I avoided doing much planning, outside of writing a few rough dot points to give me some direction.

Side project dot points

Side project dot points

Register a domain name

So this is where my big budget of $13.24 ended up being spent. I had noticed the featuredstartup.com domain name was available a while back, and took the plunge and bought it.

I have a terrible habit of buying domain names when I notice them, and I currently have a few dozen domain names already in my name, so I was quite proud I held off purchasing it until I actually needed it.

Featured Startup domain receipt

Featured Startup domain receipt

Set up hosting

I’m using Digital Ocean for these side projects. I have a bunch on there already, and it costs peanuts for a great server. 1Gb of RAM and 30Gb of SSD space costs me a total of $10 a month, and I have around 10 side projects in various stages hosted on it, with 29Gb of disc space spare.

Install WordPress

WordPress is literally the easiest CMS to get up and running; it takes all of five minutes before you are ready to add your first post. The best part is the trillion themes, plug ins and developer communities out there supporting WordPress already. It would be insane to choose anything else for this.

Find an appropriate WordPress theme

This is one of the most time consuming parts, because there are literally hundreds of places to find thousands of free and paid themes.

I wanted to find a theme that would work well with an interview style format in the individual posts, and a simple method to display the latest startups on the homepage. I ended up settling with the free version of Tracks.

Given this is literally the first incarnation of this site, if my previous projects have shown me something, it is likely I’ll change themes a few times until I am really happy.

Add my three favourite WordPress plugins

Every time I install WordPress, the first thing I tend to do is install the same three very useful plugins. They are;

Yoast SEO
This is a very useful plugin that provides you with a quick summary of how your SEO will look for a particular post, and makes suggestions on getting your content ready to rank well.

Insert Post Ads
I use this plugin to drop in a standard call to action (CTA) in the middle of blog posts, such as the subscribe box here on my blog.

Jetpack
This is the official WordPress plugin, created by Automattic, the people behind WordPress. It has a bunch of useful features, and the free plan tends to be enough for most side projects.

Create a form to collect responses

To avoid email ping pong and keep things easy for me, I created a survey form using Google forms.

The two main benefits with Google forms (besides being free) are that you can save the responses in a Google sheet, which is what I needed for the automation I wanted to do, and you can update the form questions at any time.

I have these survey responses being saved per line in a Google Sheet, so I can do some magic to save time, as per my next point.

Create automation magic

As mentioned, I wanted to do some automation magic with the form responses, so I hooked up Zapier to automatically grab the latest responses in my Google sheet and post them as drafts to WordPress, using this Zap.

This was the fun part. I know from previous experience, it can be very time consuming to copy and paste interviews and responses from an email thread, format it all nicely and consistently, and then plonk it into WordPress.

Using this Zapier recipe, means that as a new line appears in the Google Sheet (above), it automatically imports it into WordPress, formats it, and saves it as a draft for my review.

I can then tweak things, add an image and blockquote, etc in no time at all. Awesome!

Set up email marketing

I’ve been using Mailerlite for my own personal blog and a few other side projects, and I’m becoming a bigger fan every time I use it.

I created a simple email template which grabs the latest articles from the RSS feed, and sends them out once a day to subscribers.

Featured Startups email

Featured Startups email

Created a popup email form

The great thing with Mailerlite over similar email tools, is they provide an easy way to create a popup form in literally a few minutes, and then you just take the provided Javascript, and add it to the WordPress template. Voila!

Add an email subscribe form

As I mentioned earlier, I installed the very useful Insert Post Ads plugin, then I whipped up a quick subscribe box, so it appears in every interview.

Set up Twitter

As per usual, I created a Twitter account. I couldn’t get @featuredstartup which was frustrating, so I settled on @featurestartup which was close enough.

I actually cheated here slightly, renaming an existing yet dormant Twitter account I already had, and set up some quick branding.

Featured Startups Twitter account

Featured Startups Twitter account

You will notice there’s a nice image of a laptop showing the Featured Startup site, both in the header of the Twitter account and this blog post. Nope, that isn’t my laptop or coffee table. I created this image using a fantastic resource, called Magic Mockups, which allows you to import an image or URL, and place it on a variety of photographs of different devices and settings.

A little Twitter automation

Another cool Zapier zap is the ability to grab the Twitter username from the Google Sheet which stores my survey submissions, and send out a personalised thank you tweet.

Example automated tweet

Example automated tweet

In the example above, the @bobs username was taken from the sheet, along with the ‘Billys Bargains’ name. Neither of these are real, by the way. This was just a test to show the automation works before I start getting real submissions using the same workflow.

The Final Result

After around 2.5 to 3 hours of work, my latest side project is now live and ready for you to check out. Currently, Featured Startup will be posting a new startup every weekday. This may grow over time, depending on the volume of submissions and interest from readers.

Worst case, the site doesn’t get much interest and I’ll eventually just leave it stagnant. Best case, the startups I feature get plenty of new interest.

How to get your startup featured

If you take a look at the site, you’ll find out that in order to submit your own startup to be possibly featured on the site, you will need to join the mailing list, and visit some of the other startups that get featured.

Without giving all the fine details away, it is fairly trivial to see which subscribers are actively engaging with the emails, and the corresponding invitation links will only be sent to those subscribers with a certain minimum engagement score.

The purpose of this is to see if I can increase engagement, and make the selection process a little harder to stop the ‘drop a link and run’ types. I’ll report back later how this has worked.

Note: Both the Digital Ocean and Mailerlite links above are affiliate links. I get a small credit in my existing accounts (as do you), if you sign up from that link. This hasn’t influenced my mention of them; they are both awesome services in any case.

@StartupPerth on Twitter

Update on Micro News Service Startup Perth [20 Months]

Since way back in August 2015, I’ve been running what I call a ‘micro news service’ on Twitter, called Startup Perth. Whilst it has a single page website, all the activity happens on the Twitter account.

It was started to raise further awareness of Perth’s innovative companies. Startup Perth uses a combination of both automation, and manual checking once or twice a day, to share news and information about the Perth startup ecosystem. I wrote about it before, back on Promoting Perth Startups.

Over the last 19 months since it began, I’ve attracted 18,545 followers to the account, making it by far the most followed for Western Australian startup and innovation news. In fact, the nearest three Twitter accounts, added up, make up less than a third of the Startup Perth followers, so something about this account is doing well.

Similar twitter accounts
Startup News 3,034
Techboard 1,990
Startup WA 1,564

Some statistics
Followers 18,545
Tweets 3,879
Automated 1,951 tweets
Manual 1,928 tweets

So, what did it share? Well, it shared mostly news and announcements from Western Australian startups, including links to over 1,900 blog posts, 1,426 photos and videos, inspirational quotes and more.

Manual retweet example

Manual re-tweet example

The 1,928 manual tweets were me, typically re-tweeting something a local startup tagged the account in, or found on one of their feeds, such as the example above. At one minute per tweet, that’s taken me roughly 32.5 hours to do.

The tweet automation checks against 50+ startups that have blogs with RSS feeds, and then posts their latest blog post, with a link and hashtags, such as this example, below.

Automated tweet example

Automated tweet example

There were 50 RSS feeds being monitored, and out of those, five didn’t post anything in the last 20 months. There were another 38 feeds that were only tweeted between 1 and 84 times. That totals 883 tweets in total.

The top four feeds were posted 1,068 times alone, more than the rest of the list, combined. They were for the four biggest content producers in Perth (it seems), being;

Techboard
Startup News
Prezentt
6Q

The entire list of feeds that Startup Perth has been watching is at the footer of this post, for your perusal.

Time spent
As well as the 32.5 hours of manual re-tweeting and sharing, there was around 1-2 hours per month, checking feeds, answering questions, and other administration.

Outgoings
There were costs involved in doing this, mainly;

Domain name ($20 per year)
Hosting (sponsored by Bam Creative)
Automation ($20 per month)

All up, this side project has cost me in hard money, $440.00 in total.

Income
Absoutely nothing.

To be fair, I’ve never gone hunting for any sponsorship or support. In fact, it is a little perplexing for me how I should approach any sponsorship; what do they sponsor? I guess I could have a paid to be included feed, as long as the content was on topic, or a weekly/month ‘This feed supported by SPONSOR NAME’ type arrangement.

Future of Startup Perth
Having done all the above sums, spending 50 hours and $440 every 20 months for a side project that doesn’t give me any financial gain does seem a little daunting to continue. I do love helping fellow startups out, and never started with the plan of making this some profitable activity, though I would be keen to get something to cover costs.

At this stage, I rate the financial success of this side project a big fail, however I’m continuing for the meantime, whilst I ponder any future it may have. If you have any keen thoughts, or want to berate me for wasting my time, please comment below.

Companies being promoted
Here is the list of the 45 Perth startups who did get some content out, via their RSS feeds I am automatically monitoring. Well done for this lot getting some promotion out there.

Startups being promoted

Startups being promoted

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© 2005-2019. Miles Burke.