How Do I Compensate Software Developers?
AskPat 2.0: A Weekly Coaching Call on Online Business, Blogging, Marketing, and Lifestyle Design
Pat Flynn
4.9 • 638 Ratings
🗓️ 25 January 2016
⏱️ 12 minutes
🧾️ Download transcript
Summary
Today's question comes from Clifton, who is interested in hiring a WordPress developer to help develop a software product for his customers. How should he compensate them—should he hire them or partner with them? In this episode, I talk about the structure for Smart Podcast Player (http://smartpodcastplayer.com/). Do you have a question about developing software? Record it at http://www.askpat.com/. Check out my new book on validating your idea for a business, Will It Fly?, at http://willitflybook.com.
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Transcript
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| 0:00.0 | Ask Pat. |
| 0:04.0 | Ask Pat.com. |
| 0:07.0 | Dot com. |
| 0:08.0 | Ask Pat. |
| 0:09.0 | com. |
| 0:10.0 | Hey, what's up, everybody? |
| 0:12.0 | Pat Flynn here and welcome to episode 525 of Ask Pat. |
| 0:16.0 | Thank you so much for joining me today. |
| 0:17.0 | As always, I'm here to help you by answering your online business questions five days a week. All right, here is today's question from Clifton. |
| 0:24.7 | Hi, Pac, this is Clifton. Love or Show. I run a business analysis company as my side hustle, |
| 0:30.8 | and I found an area of pain for a few of my clients. And I'm looking to create a software |
| 0:35.3 | product, specifically a WordPress plugin that I can sell as a solution. However, I'm looking to create a software product, specifically a WordPress plugin that I can sell as a solution. |
| 0:39.3 | However, I'm not that experience in that specific area of development. |
| 0:45.3 | What are your thoughts on bringing people into help with the development of software? |
| 0:49.3 | Would you ever consider bringing someone in on the idea, maybe just split the profits as a partner, or just hiring them as a subcontractor? |
| 0:58.5 | Thanks. |
| 1:00.0 | Hey, what's up, Clifton? |
| 1:01.0 | Thank you so much for the question today. |
| 1:03.1 | This hits home with me because I've done software development, specifically WordPress plugin development, very unsuccessfully at first, back in 2010. |
| 1:13.3 | I'll tell you that quick story in just a sec. And I've recently done it in a very successful way |
| 1:18.3 | with the smart podcast player. Now, to answer your question right up front really quickly, |
| 1:23.3 | would I be okay with or should you hire a contractor or should you partner up, I would definitely |
... |
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