Hey there and welcome back to the Profitable Web Designer Podcast, and today I’m bringing you my monthly income report for September 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 money and business lessons I learn along the way.
If you’re new to the show, I write and publish income reports on the podcast every month even though I stopped offering one-on-one web design services 5 years ago because how we think about money determines whether we undercharge and overdeliver and burn ourselves out – regardless of what type of business you’re running, whether it’s 1:1 web design services like you, or teaching women web designers how to run the business side of their web design business like me.
Our thoughts about money and financial success and failure often are reflections of what we think about ourselves, our worth, and what’s possible for us, and these income reports help me examine that for myself and see where I might be getting off course or where I might be getting into some mind trash – while at the same time helping you question what you just accept as fact and start opening your mind to new ways of thinking about business and money that you might not have thought about before.
What I Focus on When Looking at My Numbers
So when I’m looking at my numbers, I’m thinking about:
- How much I NEED the business to make to be able to pay myself, my team – both employees and subcontractors – all the tools we use to run the business (both marketing it and getting new Web Designer Academy students and Next Level Mastermind members), and also serving our existing students and making sure they are successful and reaching their goals.
- All the other costs of running a business like bookkeeping, insurance, and paying taxes – which is what we call your Minimum Baseline Revenue.
- How much I WANT the business to make, which is my goal revenue.
So I always talk about how our MBR is $15,000 a month, and how the past 3 months – June, July, and August – we exceeded our minimum baseline revenue and were bringing in about $20K a month. I set a NEW goal revenue of $40,000 – with the caveat that I’m not putting a bunch of pressure on myself to get lost in the weeds of the how, or put a timeline on it, but just committing to it and letting my brain do what it’s designed to do to keep me on course to create it like I talked about in both my July and August income reports in detail if you want to learn more about that.
August Recap: A Big Month Without Promotions
So here’s where it gets interesting. In August, our revenue was over $20,000, exclusively from Web Designer Academy and Next Level enrollments and payment plans, without me doing any promos for Web Designer Academy. That was all evergreen enrollments, meaning people find us when they find us, they decide to apply, and if I think I can help them, I approve their application. Then they have 10 days to decide to move forward, and I give them bonus pricing if they say yes in that 10-day period.
I also tested a promo enrollment for the Next Level Mastermind, which I’ll talk more about later – but $20K in one month like that is awesome. Check. That’s exactly what we want to have happening.
September: No Promotions, More Projects
In September, I planned to do zero promotions again. I had some projects on the delivery side to wrap up, like updating our Package Matrix modules to include our Paid Discovery strategy and show more examples to our students of how to package, position, and talk about their services in a way that allows them to charge in the high 4 and 5 figure range – and how to structure and price their recurring revenue services like care plans and SEO and conversion rate optimization in a way that’s profitable, sustainable, and helps them hold their boundaries.
I’m working with our Conversion Rate Optimization team at Zainatain Consulting on SEO strategy, which is something I’ve neglected along the way, so I spent some time writing an epic 10,000-word piece of pillar content all about pricing strategy and mindset.
And my 88-year-old grandma was and still is in a skilled nursing facility, recovering from a fall, and I’ve been going to visit her a few times a week to keep her spirits up while she does PT and works on getting strong enough to go home.
I had already made the decision that we wouldn’t be doing any promos in September because I needed the time to get ready for Q4, and I was like cool, August produced 5 new applications, and 4 new enrollments, busy helping out with Grandma – there’s no reason that can’t happen again in September…
What Happened in September
- We actually got 9 new Web Designer Academy applications in September.
- I accepted 6 of them. 3 of those were brand new, aspiring baby web designers still learning skills – and our program is for women who already have the technical and design skills but need to develop business, sales, marketing, and client-wrangling (I mean, project management) skills because they’re working more than they need to be and making less than they could be.
- Out of the 6 that applied and I invited to join, ONE said yes and is already killing it in the Web Designer Academy.
- We also got one new Next Level Mastermind member in September from our open enrollment promo in August.
So our inflow in September was $8,899. Our outflow was $18,418 – which removed $9,519 from our reserves. That $18k included the second half of our Airbnb reservation for our Web Designer Academy retreat, so without that, our outflow was right at that $15k minimum baseline mark.
So, more applications, fewer enrollments, less inflow, and more outflow.
After Three Big Months, I Set a Bigger Goal
Right AFTER 3 months of $20K+ revenue months, and I declare that my new goal is $40K… we bring in $10K.
But here’s what’s so fascinating about this to me…
I don’t feel like anything has gone wrong like I would have in the past.
Nothing is broken. Nothing needs fixing. I had overflow in June through August that added to my reserves so that when I have a month like September, it’s covered. Our rolling 6-month average with that $10K month in there is $17K a month.
I still got 6 qualified applications – that’s exceptional. Some of those people will take the leap and join us in the future.
Old me would have been FREAKING out and changing everything, and I see now in hindsight how doing that slowed my results down. It takes SO much time, effort, and energy to change everything, versus staying the course, making some tweaks, and just accepting that there WILL be some months when you make less money than others. That’s why building a reserve is important, and knowing your REAL numbers is important – not just your big sexy goal numbers like 6-figure web design business or $10K months.
Like, that’s great, I’m here for it, let’s work toward it, it’s totally possible AND do you NEED that to live and run your business right now?
Do three $20K months mean I can give us all a raise? No. It means I have enough for payroll when the fourth month is lower than the minimum, and that I stay the course with the plan we’ve set and watch the numbers increase over time.
Making Data-Driven Decisions
Also, in setting $40K as my goal revenue, but from the energy of “I trust myself to make informed decisions along the way to get there” versus “It has to happen NOW and if it doesn’t something has gone wrong,” I can stay the course and make data-driven vs. emotion-driven decisions.
It also means that I can come up with some theories and test some hypotheses.
Did not having a promo for WDA two months in a row have any impact? Where did the apps come from? When did they join, what kind of content did they consume? What’s the next thing we can test?
Even if we aren’t promoting WDA, is there something else we can offer that still allows me the downtime I need on the marketing side to work on the delivery side?
Not like, OMG, something’s gone wrong, I need to buy this shiny object over here and do this entirely new strategy that I’ve never tested before.
What September’s Data Showed Us
So here’s what the data told us in September:
- My Facebook Ads are bringing us new subscribers, but not new Web Designer Academy students in the time horizon needed to make the ads profitable.
- I’ve known this on some level every time I try to test ads, and I’m finally glad to have data that says, “Shannon, you can stop running ads.”
- My best applications, and ultimately students, come from searchers and speaking, not scrollers. People searching for podcasts for web designers, for marketing advice. People attending educational events. People who actively invest time into learning versus those who are scrolling for entertainment.
Not to say that none of my students scroll for entertainment and don’t find value there – they do, and many of my colleagues love to create content for social… I just don’t.
Giving Myself Permission to Quit Social Media
I also gave myself permission in September to quit making Reels and to quit posting on social altogether.
I talked back in previous income reports about how every time I went to make a Reel I had this incessant negative, critical self-talk that was holding me back, and I talked to a couple of my podcast guests about using it to connect with my existing audience versus growing it, and gamifying it. So I committed to figuring out a process and to stop crap talking myself, and I’m proud to say I did those things – but I still hated doing it. The whole process end-to-end was a grind AND the data shows that it didn’t move the needle for us at all.
Now, did I do it long enough to move the needle? No, I’m sure I did not. But my thought process is, why am I doing something I don’t like, that takes me THAT much energy, mental capacity, effort, and time, when there are SO many other things I could be doing that I like better, that I’m good at, that don’t feel like work to me, that create the results I want?
For me, that is NOT creating content for social media.
And guess what? All the marketing strategies we teach in the Web Designer Academy don’t involve social media either, so it’s in alignment for me to be like, “I’m putting up some kind of clever message on all my channels about how we teach marketing in the WDA, linking to our free course, and peacing out on creating content and posting for social.”
Leaving Money on the Table?
Am I leaving money on the table? It doesn’t matter. I don’t want THAT money on that table. There’s other money on other tables that I like better.
So if you’re making decisions to do things you don’t want to be doing because you're like, “I don’t want to leave money on the table,” I want you to question that thought. Really question it:
- Is there only one table with money on it?
- If you leave money on this table, is it possible there’s another table on it with the same amount or even more money?
- What is it really costing you to pick up that money?
Doing What I Love
Writing epic blog posts, recording podcasts, meeting new people and interviewing them on the show, speaking at summits and conferences, teaching, being on other people’s podcasts, collaborating with other cool people who are creating content on lots of different channels and being there that way without having to commit to the channel myself – there’s an abundance of other opportunities out there, so many tables, ones that I like, that don’t feel like work to me.
And isn’t that what it’s all about?
For the people that are good at social media, I'm guessing most of the time it doesn’t feel like work to them, which is part of the reason why they can consistently do it, and why it works for them.
Do what you love and the money will follow – that’s not just the thing you do for money, it’s your marketing too.
What We’re Focusing On Now
So we’ve dropped the ads and the Reels, and we’re going all in on SEO, speaking, and podcasts, and I’m so down with that.
Which means I get to do the same work as our students – research people who serve my audience, build a relationship with them, find creative ways to serve them and their audience, and ASK, and put myself out there, be willing to be ghosted and rejected, and do it consistently.
That consistency part is something so many people struggle with, so in September we also started adding an outreach segment to our weekly live strategy call. I pull one script from our list of relationship-building scripts, our students pick ONE person to send it to, and then we spend 5 minutes customizing and sending it. 5 minutes, that’s it. We try to make it so big, and small consistent actions over time add up.
And people will be like, “OMG I just heard back during the call,” or they’ll share the next week that they have a consult scheduled from the outreach they did the week before. And it’s perfect too because their STUFF comes up, and they can get coached on it right then and there.
Things like:
- “I’m too busy right now, what if someone wants to work with me now, I can’t handle it?”
- “What if they tell me they actually hated working with me?”
- “What if they get really angry at me and tell me to never email them again?”
We can coach on that and clean that stuff up because those “what ifs” are GOLD, they are clues to everything standing in the way of you and your revenue goals.
Facing My Own Stories
Same for me. I asked my students what podcasts I should pitch, and they said Marketing Made Simple, the podcast from Storybrand. And I’m noticing all kinds of stories I’m telling myself, like:
- “I probably need to be a certified Storybrand guide and I’m not.”
- “I should ask them to be on my show first.”
- “I’m not ‘big' enough to be considered.”
And I get to pay attention to that, and then DO IT ANYWAY and let them tell me yes or no and find out. Maybe all of my assumptions are right, maybe they’re wrong, but I’ll never know unless I ask.
So by the time you hear this, I’ll have reached out and asked to be a guest on the show, and we’ll see what they say. But for me to talk myself out of it because I’m intimidated is exactly why I need to do it.
The Difference Between “Not Good Enough” and “Not For Me”
So there’s a difference between “I’m not good enough” and “I just really don’t like doing this.”
I love meeting new people, getting to know them, learning from them, seeing how I can support them and how we can create win/win/wins together, meaning they win, I win, and our collective audiences win.
I’m not gonna wait for people to come to me. If you know me, you know that I go after what I want, I create my own opportunities, I blaze my own trail… but that doesn’t mean I don’t have mind trash that gets in my way.
My first hurdle with Reels was negative self-talk. Cleaning that up was necessary for my mental health regardless of if I ever make another Reel.
Financial Decisions for 2025 and Beyond
So another thing that happened in September is that I used the financial decision-making criteria that I talked about in Episode 107 to make a few key decisions:
- It’s time for us to start work on the 2025 Simply Profitable Designer Summit. It’s CRAZY to think about, but it’s only 6 months away, which means pitching speakers and getting that process started. Save the dates – it’s happening March 17-21st, and this year’s theme is Recurring Revenue.
- There are a LOT of awesome summits out there for designers, and Simply Profitable is in its 9th year, and we’re freshening things up by focusing all the sessions around a single hot topic. And there’s no hotter topic right now than creating consistent, recurring revenue you can count on in your web design biz.
So I reached out to one of our Web Designer Academy grads who specializes in summit setup, and I hired her to do all the tech for the Summit, so I can focus on promoting the Web Designer Academy, Next Level, our Paid Discovery course, etc., after the summit to all of our new subscribers.
I also hired my copywriter, Sarah G, for two more projects: a sales email series for our Paid Discovery Mastery™ course (which was a massive success back in June), and she’s designing my slides for our year-end application-only training – because it’s not like just design, it’s strategic design, it’s like a sales page in slide format. The messaging is just as important as the design, and a) I’m not a designer, and the slides are a really time-intensive project for me. I’ve done them so many times, I feel like my time is better spent promoting the training.
Financial Decision Criteria in Action
So based on the criteria I set for making financial decisions, these three things – the Summit website, emails for Paid Discovery Mastery, and slides for our final open enrollment event of the year – check the boxes of investing in revenue-generating assets for our business. That means something that I’ll reuse again and again. They are already tested and proven, meaning I’ve done them all before and we’ve gotten wanted results, so I’m making an informed decision to hire someone to do the next iteration. And I have other revenue-generating things to spend my time on while those things are being done – like marketing.
Now, do I know for sure that these investments will pay off over the long term? No, because no one can know the future, but I have data to back up the decisions and so I feel really good about them.
Next Level Mastermind Open Enrollment Results
The other thing I promised I’d update you on is the results of our very first OFFICIAL open enrollment event for our Next Level Mastermind.
Our Next Level Mastermind is for experienced women web designers who have plenty of clients, but the way they are running their web design business is unsustainable – because their business is running them. I wanted to test out an open enrollment for Next Level because historically it’s only been open to Web Designer Academy students… but I suspected that there are plenty of women in our audience who are more advanced than our target market for the Web Designer Academy and would be a great fit for the Next Level Mastermind.
So I invested in having help with writing a sales page and sales emails for Next Level, while I concurrently wrote a training outlining our Next Level Framework and how it works to help advanced women web designers identify what’s really in the way of the business and life they want and reverse-engineer a custom plan to reach their unique goals.
I did a promotional campaign to our email list to invite people to fill out the application, and if they met the criteria for Next Level, I’d invite them to the training where I officially invited them to join Next Level.
And like I shared in my August Income Report, by the day before the training, I’d received 14 applications, I approved 10 of them. Two of the 10 are current Web Designer Academy students who are interested in joining Next Level after their year in the WDA. Then I’d also personally invited 4 women I’d talked to about Next Level in the past to come to the training – and almost everyone attended live, which was really fun.
I talked about our Next Level Framework, what we do in the Next Level Mastermind, how it works, how much it costs, all the things – and when I shared the link to join, I had one person join right then and there live on the training – shoutout to Liz – and whenever that happens, I always feel like okay, this is totally aligned, my messaging was aligned, my mindset is aligned, and all the people that suggested to me over the years to open up Next Level to people outside of the WDA were onto something, and it all came together.
We always send out the replay to everyone, and then we also send out a series of emails designed to help people make the decision one way or another to join the program. Each email talks about a different aspect of the program and goes deeper on what’s possible – stuff like that.
At the end of the series, we had one more student enroll in the program.
So if you’re counting – that’s 14 qualified applicants, 2 of whom are already in the WDA, and it’s not really time for them to join Next Level yet. So that’s 12 people, and we had 2 new enrollments in the mastermind, for a 16.67% conversion – AND a 5x return on my investment in the sales page and sales emails once I’ve received all the payment plan payments.
Taking Feedback and Moving Forward
Old me would have secretly wanted all 14 of them to join on the first day – even though I don’t have space for 14 people – and would have operated like something went wrong when it didn’t happen. I would have changed things that didn’t need to be changed.
New me is like, cool. That worked really well. Let’s ask for feedback to see why the people who didn’t join made that decision, and see if there’s anything we can change on our end for the future. We got lots of insightful feedback.
Then I look at that feedback to decide – is there anything I want to change based on this feedback?
Because for both Web Designer Academy and Next Level, me approving the application is just the first step of the process… it might turn out that even though I think you’re a good fit, you don’t think you’re a good fit, and that’s okay too. That doesn’t mean that I need to change to fit you, and I also don’t feel like you need to change to fit me. I don’t feel like I need to convince anyone to work with us. I trust you enough to be able to decide for yourself after going through our sales process, which is all about giving you all the info you need to decide for yourself.
Making the Next Level Application Evergreen
Then I made the Next Level application evergreen, which means you can go fill it out right now at webdesigneracademy.com/next if you want, and if I think you’re a good fit for the mastermind, I’ll send you the replay of the Next Level Framework training and all the details about joining Next Level.
Final Thoughts on September
I think the most important thing that happened in September, as I reflect on the month, is that I’m sitting here thinking what a huge difference it is to see our revenue in September at under $10K and not be worried that it’s all falling apart. I’m confident in our plans going forward, making data-driven decisions about marketing and outflow and how I’m spending my time, and I have data to look at to create and test new theories – one of which could totally just be: we don’t need to change anything, just stay the course and keep doing what we’re doing.
So that’s all I’ve got for you for my September Income Report. I hope you heard something that helped you, and if so, I’d love for you to take a moment to leave a rating and review – it helps us get in front of other web designers that need help with their businesses. If you’re listening on Spotify, just go to the show page and tap Rate Show, and if you’re listening on Apple Podcasts, just scroll up on this episode and you’ll see a link to webdesigneracademy.com/review and that’ll take you to the right place in the app to leave a review.
Thanks in advance for taking the time to do that, and I’ll see you back here next week. Bye!!