Today I’m bringing you my monthly income report for April 2024 where I break down what happened behind the scenes of the Web Designer Academy, how much money we made, how much we spent, and the lessons learned along the way.
You'll Learn
- The concept, execution and results of our open enrollment promotion.
- The psychology behind our marketing strategies and how to create psychological safety and autonomy for your clients.
- How we handle continuous enrollment and why it benefits you.
- Lessons learned from rejection and how to turn it into treasure.
- April’s financial breakdown: revenue, expenses, and net profit.
Resources
- December 2023 Income Report
- January 2024 Income Report
- February + March 2024 Income Report
- Web Designer Academy Application
- Free Course for Web Designers
- Simply Profitable Designer Summit
- Chris Do Podcast Episode with Liz Mosley
- 2024 Admin Bar Survey of WordPress Professionals
April 2024 Income Report
Here are the important things that happened in April:
- We completed our first Web Designer Academy Open Enrollment promotion of the year.
- We hosted a “Rejection Challenge” inside of the Web Designer Academy.
- We onboarded our new Simply Profitable Designer Summit subscribers with our nurture sequence.
- I completely overhauled our evergreen funnel based on data from our Open Enrollment and re-launched it.
- The Admin Bar Survey of WordPress Professionals came out and I had LOTS of thoughts about it.
- I started posting Reels on Instagram after talking to Gigi Davarashvili on her podcast.
- I completed and submitted my presentation for the Page Builder Summit.
- I went camping for the total lunar eclipse.
Web Designer Academy Open Enrollment
In my February and March Income Report Podcast, I shared with you that at the end of March through early April, we did an Open Enrollment promotion for our core web design business coaching program, the Web Designer Academy.
And when I say Open Enrollment, it doesn’t mean that I took the application away or anything like that – our program has an application so I can make sure I’m confident I can help you before inviting you to join – it means that I did a big promotion inviting our email list to apply for our program.
People find me through this podcast, or from me speaking at summits, or other podcast interviews I did, and they find their way onto our email list through our free trainings, but haven’t taken the step to fill out our application.
Because one thing to know about the Web Designer Academy is that you can apply any time, we’re enrolling new women web designers all the time – we don’t open and close the doors like other business coaching programs – and the reason for that is because we customize our program to you and the unique challenges you’re experiencing, and you’re experiencing those challenges NOW.
We don’t want you to wait 6 months until we open our doors again for you to come in and get help, and we’re not making everyone go through the lessons at the same time and implement all the same things at the same time because your business isn’t the same as everyone else’s.
But that doors-always-open model presents some challenges for us as a business, because if you can come to work with us any time, whenever you feel ready… more often than not, you’re gonna delay getting help.
And you guys, this goes for YOUR web design clients too! If your clients can just come start their project with you any time, more often that not, they are going to wait.
And it’s just human nature, we all do it.
The pain, discomfort, misery or current results that we know, that we’re familiar with, is WAY more comfortable than the discomfort of uncertainty, of risk, of potential loss of time, money, other people’s good opinions of us, right?
And that’s why it’s easier to just keep undercharging and overworking, because it’s safe and familiar to you, even if you’re miserable and overwhelmed.
This goes for your clients too. It’s easier for them to just limp along as they’re currently going than to invest time, money and resources into working with you, even when they logically KNOW working with you is what will help them get what they want – which is why give our students LOTS of different strategies for incentivizing their clients to book their projects NOW instead of waiting.
So as someone who KNOWS I can help you if you just give me the chance, and knowing that you’re hardwired to be more comfortable in your pain of undercharging, overdelivering and overworking, I need to do SOMETHING to compel you to move out of your comfort zone, to incentivize your decision to move forward and make it feel SAFER for you to do it.
And that’s why we do Open Enrollment Promotions – to incentivize you to get off the fence and get help NOW instead of waiting until the perfect time that’s never coming.
So this time, we put together everything we learned from all the little experiments we’d been testing from the past few months about making sure our offers meet the 3 core needs of buyers that I talked about in Episode 87 into our Open Enrollment promotion, and I’m pretty pleased with how it all worked out, so I’ll break it all down for you.
In the past, the way we’ve done open enrollments for the Web Designer Academy is with application-only trainings – you fill out our application, if I think you’re a good fit for our program, I invite you to a private training just for accepted applicants where I teach you a strategy we’d help you implement inside the program, give you all the program details like the time commitment and investment, and invite you to enroll.
For Open Enrollment, I decided to flip the script, and host an Open House where I’m like, anyone can come to this, I’m gonna talk about our strategies in detail, how our program works, how much it costs, how you can pay as you go OR pay in full up front, why we have an application, how to apply AND if you apply, are accepted and decide how with our 30-day trial you can opt out at day 30 and only pay for the month your were in the program, to enroll by this certain date, you can take advantage of this lower monthly payment option or pay in full option than we’ve EVER offered before, because I want you in here NOW, because I know the sooner you get your butt in here the sooner we can start helping you make more money.
I’m like, I’m just gonna lay it all out on the table for you.
And by the way, if you’re interested in exactly what all those details are right now at the time you’re listening to this podcast episode, just go to WebDesignerAcademy.com/Apply – right there on the application page, before you fill it out, all those details are there for you.
So I invited our entire Web Designer Academy email list, and then I also promoted the Open House throughout the Simply Profitable Designer Summit.
We had about 240 people register to attend the open house, which is pretty standard for us, and then I sent out the replay to my Web Designer Academy email list and anyone who registered for the Open House.
I did NOT send it to people who registered for the Simply Profitable Designer Summit who weren’t previously on my email list, because I was like, they don’t even know me yet. I’m just the person sending them emails about the Summit – which is why I created a separate nurture sequence for those people like hey, now that the Summit’s over, lets get to know each other better, I’m Shannon Mattern, I help women web designers stop undercharging and overdelivering, here’s who we help, if that’s you, cool, stick around, if you’re not into that cool, you can unsubscribe, no worries.
And honestly, I wasn’t sure what to expect as far as applications go, because when the call to action is hey, fill out this application to come to this training – I get wayyyy more applications because people want the training.
But when I do the training up front, and the call to action is hey, fill out this application to join our program, even though there’s ZERO obligation to enroll if accepted, most people are not gonna fill out the application unless they intend to join if accepted.
Knowing that, I wanted to give people all the information they needed up front, and a pretty long runway to make the decision, but also a clear deadline.
Here are the stats:
- We had 10 new applications.
- I said no to three of them because they were too early in their business journey to work with us.
- Of the remaining 7:
- 4 of them ghosted after their application was accepted, which I’ll talk more about when I talk to you about the Rejection Challenge we did inside the Web Designer Academy in April.
- One of them told me she felt like she needed to do it on her own for awhile before coming to work with us – which I hear from people ALL THE TIME, and when they finally do enroll they’re like, I stalked you for a year and I wish I would have just done it back then, and I’m like yeah, I know, I tried to tell you… but listen, I’m the same way on a lot of things, I gotta learn on my own sometimes the hard way, so I’m never gonna hold that against anyone, there are lots of powerful lessons that can be learned that way…
- 3 of the 7 enrolled,
- 3 previously-accepted applicants also decided to enroll during open enrollment and take advantage of the promotional pricing.
- One additional person just found us from the podcast, applied, and enrolled outside of all of the open enrollment promotions.
So that’s 7 new Web Designer Academy students, and while it’s not like the days of yore back in 2020 where everyone’s stuck at home, flush with cash from not being able to go anywhere, and thinking hey, now’s the time to get help with my web design business because I’ve got nothing better to do and we’d get like, 20 new students in one fell swoop…
It’s definitely a SHIFT from one year ago, even 6 months ago.
And it’s not just me seeing people starting to move forward again after going into a freeze mode with inflation and worries about the economy – I’m hearing it from my colleagues and from our students.
So if you’re like, dang Shannon, that’s a lot of work for 7 new students, I personally don’t think it is – because what I also know is that I planted thousands of seeds to be able to help for future students.
I never stop marketing. I never stop trying to connect with web designers. Never. I never stop planting seeds. Planting the seed is the only part of the process I can control. I don’t get to control if the seed grows, how long it takes to grow, if it grows and something comes along and eats it.
I’m willing to be ghosted, rejected, for people to tell me I’m too expensive, I actually had someone the other day reply to one of my emails with one sentence “This is a scam” for those 7 women to decide to say yes to themselves.
Because I know their life is going to completely change.
And they are 7 phenomenal, powerful women, and I can’t wait to see what the next 6 to 12 months brings them – and you can be sure I’ll tell you all about it.
And that’s why in April inside of the Web Designer Academy, we did something called the Rejection Challenge.
Because what I know is that if you’re not reaching out to people, building relationships, letting them know how you can help them, talking about your business, asking for referrals, following up with past clients or consultations, connecting with people who serve your ideal clients and building relationships with them, you will experience feast and famine in your business. And yes, you want to create recurring revenue, but you need clients to do that, and you also don’t want to get complacent.
But people don’t do it because they’re afraid of rejection. They’re worried about people thinking they’re pushy or sales-y or annoying, don’t want to ask for things, don’t want to bother people. We don’t teach marketing that way in the Web Designer Academy, but still, it’s something that holds us back from taking action.
We tell lots of stories about what people will think of us… but in reality, that’s what we think about ourselves, and its’ holding us back.
So we invited our students to take massive action in April to plant seeds for new opportunities, to seek rejection, to celebrate being ghosted, to practice feeling nervous, asking us for help and then pushing the send button. To fill the space between sending the outreach and waiting for a response with good stories, not bad ones. And to not try to control other people’s opinions of you.
It’s not easy, but it’s important, and it’s work I’m willing to do every day, because running this business and working with the women I get to work with is my dream life, and I’m willing for people to be annoyed by me to serve the people who aren’t.
Because’s what’s happening, that I can’t see, is that there are hundreds of you out there getting ready to say yes to yourself and fill out that application. You are seeds that are growing, and my team and I are strategizing on all the ways we can support you as you grow into the person who’s ready to leave their comfort zone of the known…
And that’s why I’m persistent. Because I have faith that what I’m doing IS working, that the results are on their way.
But I don’t just operate on faith, I also operate on data.
And I wanted to know… why did these 7 women decide to say yes now?
So I asked them. I was like, how important to you was our promotional pricing? Our 30-day trial period? A couple of them are subscribers to our Profitable Web Designer Premium podcast which is replays of our archive of Web Designer Academy Live Strategy Calls – I wanted to know if getting to know what the coaching is like on the inside influenced their decision to join now. What about hearing directly from our students on our student panels? Knowing the price and time investment before filling out the application?
All the little experiments I’ve tried in the past several months, I stacked them ALL together in this open enrollment period, and I wanted to know what if anything compelled them to join, or if they were just ready regardless of anything I did.
And I discovered that all the little changes I’d made to check the boxes of the three 3 core needs of Resources (people need time, information, money and energy to make a decision to leave the known of their comfort zone, even if their comfort zone is causing them pain), Psychological Safety and Autonomy, or choice, so making sure they knew their decision wasn’t a permanent one and that there’s an OUT at the 30-day mark…
All those changes I made impacted their decision to say yes.
So now that I have all of that data… I just get to get in front of new eyes and ears, and keep making offers to the ones that I’m currently in front of who are watching and listening, knowing that one day they’ll finally be ready to leave their comfort zone of undercharging and overworking and let us hold their hand through making big changes in their businesses and lives.
So with all the data I gathered from the Open Enrollment survey in April, we also looked at the customer journey for all of our new students in the past few months, and we noticed a pattern where people would sign up for a free training, and then another one, and take this quiz, and sign up for a challenge and then come to an open house, and meanwhile, they’re getting an email sequence for every single one of these things.
So I’m like, if they’re signing up for all this stuff anyway, why don’t I just consolidate all of these free trainings into ONE free course, and ONE email sequence, and incorporate everything we just learned about which parts of the offer help people to say yes to themselves now instead of waiting?
And when I have an idea like that, where all these separate pieces come together, I can’t stop myself from just doing it, and it comes together FAST.
I took our 6 sneaky places web design businesses leak time and money training, the archetypes quiz that goes with it, our profitable pricing framework for high-earning web designers training, our full-time income framework training that we’d only show to accepted applicants, and the Open House I just did, and I edited out anything redundant or unnecessary between the 4 videos and turned it into a 4-video free course.
I tested the crap out of the email sequence too. I wanted to see how every email looked on my phone. I edited them down, tweaked subject lines, all the things.
Then when people sign up for that free course, they get instant access to all 4 videos, and then they also get an email sequence talking about the concepts in the videos, and sharing more about our program AND giving them the chance to enroll at that same promotional pricing that we offered people during open enrollment if their application is accepted – and if they choose not to enroll in that 2-week timeframe, that’s cool, they can still join at the regular price any time they want.
I’m like, if this is what they’re doing anyway before joining, how about I just make it easier for them by putting all this information in one place?
So that came together in like, a week, but then I was like, okay, who do I send this to? My whole email list just went through open enrollment, they just were given the chance to enroll, but all my new Summit subscribers haven’t seen this stuff yet, and I’m like, overthinking it as usual… Should it just be for new people?
And then I talked to my mastermind buddies Jason Gracia and Josh Hall, and they were like, “Shannon, just send it to everyone. Like, no one’s gonna be mad that you’re giving them another chance to get in at promotional pricing, and if they are, they were never gonna enroll anyway, so don’t worry about it.”
And that’s why I have support, my friends. If you came to me with that problem, I’d tell you the exact same thing, but when it comes to me, I need outside support. I bring all my own baggage to those decisions. I have coaches. I have mentors. I have peers. I don’t do this all on my own!
So I added my entire email list, except current students, to the free course, on April 30th, and I’ll let you know in my May income report how that’s going.
And if you want to check it out, go to webdesigneracademy.com/freecourse to sign up.
I also wanted to get my free course done in advance of the Page Builder Summit that I was invited to speak at in May so I could promote it in that my presentation… and then for the Page Builder Summit I created a totally new training about 15 marketing strategies to use at different stages of your business – and I made that training because of two reasons – one at my Summit, the Simply Profitable Designer Summit, one of the biggest questions and hottest topics was marketing, and while there were TONS of great marketing strategies talked about, what was missing is what strategies are right for you at what stage of business. Because if you’re just starting out, what’s gonna create clients for you is way different than if you’ve been in business several years, and I see people implementing complicated, advanced and completely unnecessary marketing strategies that delay their results.
And two, Kyle Van Deusen over at the Admin Bar, who I had the pleasure of meeting on the panel Josh Hall did for his 300th episode, did a survey of over 1000 WordPress professionals, and not only was I like whoah, so many web designers are undercharging and overworking, they’re saying they’re struggling to get clients – but they’re not doing any marketing.
And I’m on a mission to make marketing as simple as possible for web designers.
I give away all of our marketing strategies for free on this podcast. I tell you exactly what to do to get clients, it’s no secret – just go look at our past episodes, and I’ll be putting the replay of that presentation on the podcast after the Summit’s over too – because what I know is that for web designers who HAVE clients, marketing is the least of their problems.
I want every single one of you to have the skill of getting clients. I want you to always be planting seeds, connecting, adding value to people, building relationships, even in the “wintertime”, especially then.
When you know you can always go get a client, that is true freedom.
It's the undercharging, overdelivering and overworking that really gets in their way once they’ve figured out how to get clients.
I’ve been seeing that anecdotally for YEARS from the thousands of Web Designer Academy applications I’ve gotten that web designers in the mid to high five figures and six figures are overwhelmed and overworking even if their website makes it look like their business is perfect.
And the final thing I want to share with you before I dive into April’s numbers is that I started making Reels.
And you know me, I’m not really on social media. I don’t teach any social media marketing in the Web Designer Academy, I don’t think you need to create content on social media to get clients as a web designer – although if you like doing that, great, you go for it, but I started doing Reels because I was being interviewed by Gigi Davarashvili from One 6 Creative on her podcast, she spoke at the Simply Profitable Designer Summit all about marketing, and she told me that she uses social media as another way to connect with her existing audience, not to necessarily grow her audience although if that’s a byproduct of what she’s doing there, great.
And I’m like, that sounds amazing to me. If I can create Reels with helpful content that helps people that follow me, if I can help them make that one shift that will have them hold a boundary with a client or send that outreach email or charge for those extras, or start valuing themselves differently, cool.
And I can make it easy, and if you think I’m cringy, I don’t really care. I’ll be cringy if helps someone. Like, I have hundreds if not thousands of hours of video and audio content I’ve created, and AI makes it super easy to find good soundbites and turn them into Reels.
So I’m experimenting with being more accessible on social media than I ever have before – so if you want you can follow me @profitablewebdesigner on IG and see what I’m up to, DM me and say hi!
April's Numbers
Just to give you a frame of reference, our minimum baseline revenue is $15,000 a month – that’s how much the business needs to generate to cover our expenses, or investments as I like to call them because every dollar we spend should help us make more money.
- $10,000 is payroll, which includes my salary and my client success coordinator Erica’s salary and our payroll taxes,
- The other $5,000 is marketing, operations, tools, tech, bank and credit card processing fees, and repaying our business line of credit that I dipped into in 2023 so as not to touch our cash.
To give you a frame of reference, in the heydays of the early 2020’s, we were humming along at $30,000 to $40,000 a month.
Then 2023 was a no good, very bad year for business, not just for me but for a LOT of people, and we laid off an employee and we’ve leaned on our reserves from the good times to continue to run the business and serve our clients as we’ve been building our monthly recurring revenue back up.
- Revenue: $15,066.36, and that all came from Web Designer Academy enrollments.
- Expenses/Investments: $15,461
- Net Profit:-$394.64, covered by our reserves.
And that doesn’t include the over $16,000 I paid out to affiliates and the co-owner of the Simply Profitable Designer Summit that I mentioned in last month’s income report, because I never really counted that money as MINE, I mean, it will be on my taxes, but it’s not part of our operations because it was always gonna go right back out the door after I collected it, like, it just passed right on through.
My goal right now is to create $15k in revenue every month, and in this season, I’m willing to do whatever it takes to make that happen before looking at cutting expenses again. And how do we do that?
By creating value for our customers. By getting creative with our offers. By thinking about what those of you who aren’t ready for the full-blown web designer academy may need and how we can serve you in a way that’s sustainable for us. And we’ve got some ideas in the works for how to do that that we’ll be testing out over the next few months.
I'll also continue to meet new women web designers. Invite them to take our free course, let them know how we can help them, and incentivize their decision to say yes to themselves. The exact same advice I’d give you to help you reach your revenue goals.
My next goal is to create $15K of monthly recurring revenue. It’s a slight difference, but an important one. That means that we have enough students paying as they go that next month’s $15K is already a done deal, and that the work I’m doing is to grow to the next goal, which is $20k recurring monthly revenue, all the way back up to $40k and beyond.
So why do I share all of this with you?
Because you need to know you’re not alone!
Everyone experiences challenges when growing your business. It’s the price of the freedom that comes with owning your own business. I mean, I got to just take off for 3 days in my camper and go watch the solar eclipse with my friends and family and not have to ask for permission or have my phone ringing off the hook all day long like my husband did.
Because every time I drop an income report on the podcast I get emails and DMs like this one:
I thought I'd take a minute and send a note. I just listened to your latest podcast episode, (the monthly income report) and wanted to say thank you so much for honestly and openly sharing about your journey and business. I love tuning in because you're so real and motivating and listening helps me to stay focused on my biz and know that I'm not alone. Congrats on what sounds like it was a great summit. And thanks again for always keeping it real on the pod!
So I’ll leave you with this:
If it’s what you really want, it’s worth pursuing, and it’s worth troubleshooting every challenge that comes your way.
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