Syed Balkhi

Entrepreneur. Investor. Marketing Extraordinaire.

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January 2, 2017

This happened to me in 2016 – Year in Review

2016 Recap
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Today is already the second day of 2017, and I’m just amazed at how fast time flies.

2016 was a very special year for me both personally and professionally.

Since everything happens so fast, I don’t always get a chance to document it all in one place. That’s why I started doing a yearly recap blog post.

Let’s take a look back at everything that happened this year.

Personal Highlights

We have a new addition to our family: Solomon Balkhi.

Becoming a dad is truly a life-changing experience (both literally and figuratively).

The whole process has given me a new perspective on how much parents love their kids. I have always loved and respected my parents, but now I have a completely different level of appreciation for everything they have done for me and continue to do so.

Before you ask, here are some photos of my little man.

Amanda finished her PhD in Clinical and Health Psychology. I’m super proud of her. Although not a fan of Dr and Mr. Balkhi title. Gotta level up my game, so I can get a honorary doctorate 😉

Now that Amanda is done with her degree, we said good bye to Gainesville and moved back to our hometown of West Palm Beach in our new home that we built last year.

Amanda's Graduation

One of my resolution for 2016 was to spend more time with family and really live up to the “family first” core value. The moments of joy that this brought was amazing.

I bought my parents a new house, so my mom can have everything she wanted in a dream home and be close to us – 5 minutes drive.

Amanda and I traveled to the national parks in California (Sequoia, Kings Canyon, and Yosemite). It was such a relaxing trip and truly beautiful.

This year, I partnered with the Cambodian Village Fund to build a school in a small Cambodian village. The school will open in February 2017.

Cambodian Village Fund

Business Highlights

Since I have multiple companies, I’ve broken up things by business.

WPForms

Earlier this year, I launched a new WordPress contact form plugin with my friend Jared Atchison.

I wrote a full behind the scenes story of how we came up with the idea and why we created WPForms.

Me with Thomas and Jared

So far it’s being used on over 50,000 WordPress websites, and our users absolutely love it. Try the free version, so you can see the WPForms difference!

Our goal is to make the most user-friendly WordPress form builder, and we’re working hard at it. See the WPForms 2016 recap to see all the new features and addons that we added.

OptinMonster

Last year, we converted OptinMonster from a WordPress plugin into a SaaS. This year, we truly pushed the limits in making OptinMonster the most powerful conversion optimization platform on the web.

We launched a brand new campaign builder with 3 different campaign views (yes/no, optin, and success). We added powerful behavior personalization features like Dynamic Text Replacement, Geolocation targeting, Onsite Retargeting, Onsite Follow up campaigns, and so much more.

I can proudly say that there’s not a single solution in the market that even comes close to offering the personalization features that we do.

See the full 2016 recap of OptinMonster to check out all the new features that we added.

One of my goals was to make OptinMonster blog the best conversion rate optimization blog in the industry.

We pushed out dozens of amazing articles, case studies, eBooks, and cheatsheets. I’m really proud of our team and super excited for 2017 product roadmap.

I learned a lot of lessons from OptinMonster when it comes to price increase, recurring billing, and churn recovery. More on this in the Lessons Learned section of the blog post below.

Envira Gallery

We doubled down on Envira Gallery in 2016 and the results have been very positive.

We redesigned the user experience for creating galleries and added several new features such as Adobe Lightroom to WordPress, Featured Content gallery, Downloads addon, Breadcrumbs, and more.

Currently, Envira is running on over 70,000+ WordPress websites.

Soliloquy

Following the success of Envira in 2015, we revamped Soliloquy website. We also revamped the slider creation workflow to match Envira Gallery.

We added new features such as the ability create WooCommerce product slider, featured content slider, and a presentation slider that converts PDF to Slides.

Currently, Soliloquy is running on 80,000+ WordPress websites.

MonsterInsights

I acquired the popular Google Analytics plugin from Yoast and rebranded it MonsterInsights. We spent several months rewriting the entire plugin from scratch.

We’re currently finalizing the Beta releases, so we can launch the new version in January.

This plugin is running on over 1 million WordPress websites including the likes of Bloomberg, so we want to make sure that it goes through extensive testing before we push the new version live.

2017 is going to be an amazing year for MonsterInsights, and I really can’t wait to launch our new version.

List25

We passed the 2 million subscribers mark on our List25 YouTube channel. Currently we’re at 2.1 million subscribers and 461 million video views.

Out of all YouTube channels, List25 is ranked #1141 (crazy isn’t it).

I’m really proud of Juan, Mike, Tristan, Crystal, and the entire team for consistently creating amazing lists on the site.

One of my goals for 2016 was to finish the redesign of List25, but I failed. There was a lot going on, so I outsourced the project to a third-party agency.

While they did a good job on the actual design, their code quality wasn’t up to par. I have decided that I’ll code the site myself and launch the new design before the end of February.

WPBeginner

WPBeginner had another excellent year. I launched the WPBeginner redesign, and so far all the feedback has been positive.

We doubled the size of our YouTube channel and now have over 500 free video tutorials that have been watched by over 6 million people. Currently the channel has 47,000 subscribers, but I would like to pass 100,000 by the end of 2017.

Themelab

I decided to shut down our premium WordPress theme club, Themelab. We simply couldn’t allocate the resources to create new themes because our plugin business is thriving.

Majority of it was a focus issue. With so much going on, I couldn’t spend the time to properly market and grow the business.

I’m still deciding about what to do with the website. Several folks have been asking us to create more advanced WordPress tutorials, and it’s possible that Themelab becomes a place for that.

Real Estate

My real estate business is doing great. I added a new gas station / C-store to my portfolio.

I also bought two new residential properties to rent.

I could’ve definitely bought more if I borrowed money, but I like being 100% debt-free. Some people call me crazy because I can grow a lot faster by borrowing money (specially when borrowing is so cheap) but I’d rather grow slowly and have a peace of mind.

Press & Mentions

I got tons of press mentions through quotes or having my articles featured in top publications.

This year I got featured in Mashable, Forbes, Entrepreneur, Inc, HuffingtonPost, Fox Business, VentureBeat, Yahoo Small Business, TheNextWeb, and countless other publications.

Lessons Learned

I learned A LOT in 2016. Below are some important lessons:

Plan for the Unexpected

My lawyers did an excellent job in creating my corporate structure few years back including trusts, wills, and all that good stuff. But to be honest, the importance of it didn’t hit me until we found out that we were going to have a baby.

For the first time in my life, I started thinking about the “what ifs”.

This helped me solidify my goal, my mission, and what I want my legacy to be.

I created new trusts, made more donations than any other year before including donating wp.org domain to the WordPress foundation.

One of the best lessons 2016 thought me was to always plan for the unexpected.

Automated Billing for Everything

Until recently, every WordPress plugin relied on voluntary subscription renewal. A lot of plugin authors offered renewal discounts to encourage users to renew the plugin.

After seeing the success from OptinMonster SaaS, we decided to challenge the status-quo and converted all of our WordPress plugins to recurring billing.

If the results from OptinMonster are any indicator, then I think 2017 will be great.

Following our lead, several others in the WordPress community have also started doing automated recurring billing.

Valued Based Pricing

We increased our prices for OptinMonster by 40% this year, and we saw no change in the number of sales. Except as you can imagine, our revenues increased significantly.

Despite the price increase, OptinMonster is still the most competitively priced solution in the market.

We added tons of powerful features over the years, some that you won’t even find in other “enterprise” solutions that are charging $5,000+ per month. When you compare that to a mere $348 / year, it’s a no-brainer.

If you’re thinking about increasing your price, then carefully evaluate your industry to see how your product compare against others. After that do the math to see what different scenarios would look like (i.e what happens if you lose a percentage of your customers). Lastly, do split-test to see how your audience reacts to different prices.

In our case, we simply took our old monthly price and made that our annual price. By default we always showed users our annual options, but during the test we showed users our monthly option first.

We saw no difference in conversion except that more people chose our monthly option. We talked with several customers who thought the $199 plan was per month and were surprised to see how cheap OptinMonster was.

This was a great business decision for us.

Involuntary Churn Recovery

If you’re running a SaaS business or have recurring revenue, then you know about involuntary churn (failed payments).

We’re now using a company called Churn Buster and I highly recommend them. This is basically free money 🙂

1-on-1 Brainstorming Partner

I’m part of several masterminds and I love them because I get to learn so much from really amazing people.

In 2016, I started doing something different. Having 1-on-1 brainstorming calls with a select group of friends.

For example, my friend David Henzel and I talk every week to discuss different challenges we have, new things happening in our industry, our life etc.

We keep a running journal of the things we talk about in a Google Doc. During the week, we add discussion points there so our conversation is efficient and we make sure we always start and end on time (to the minute).

This is great because not only do we learn a lot, but I get a fresh new perspective. Lastly, it’s great for my mental health.

I am doing this with a few different friends at various intervals (i.e weekly, bi-weekly, and monthly). I highly recommend you to try it!

My goals for 2017

I’m not going to list out business goals because each product has it’s own roadmap, and as you can imagine the overall goal is always growth.

My personal goals for 2017 are:

  • Increase Family Time – I have a tendency to start filling up my schedule. Because of this, I don’t spend enough time with my extended family. In 2017, I want to spend more time with family, so Solomon can have the same family experience that I did when growing up.
  • Visit 2 National Parks – For the last two years, we’ve been visiting national parks. I want to continue that trend and visit at least two new national parks in 2017.
  • Remove profanity from my vocabulary – I tend to drop f* bombs and other inappropriate words at times. With Solomon growing up, I need to choose my words wisely.

2016 was such an awesome year that this article doesn’t even do justice, but oh well. Here’s to an even better 2017!

In the meantime, enjoy more pics from 2016 (just because).

Category:Lifestyle

Syed Balkhi

Syed Balkhi

I am an entrepreneur turned investor. My portfolio of software companies are used by over 25 million websites serving billions of impressions every month. I'm usually right 6 out of 10 times and that has worked out well so far.
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Reader Interactions

Comments

  1. AvatarRyan

    January 2, 2017

    Amazing and inspiring recap. Thanks for sharing.

    Reply
    • Syed BalkhiSyed Balkhi

      January 2, 2017

      Thanks Ryan 🙂

      Reply
  2. AvatarAdrian Tan

    January 2, 2017

    Awesome year man. Hope you have an even better 2017

    Reply
    • Syed BalkhiSyed Balkhi

      January 2, 2017

      Thanks Adrian – Happy New Year to you as well 🙂

      Reply
  3. AvatarArvell Craig

    January 2, 2017

    Wow. Happy for you!
    Great update! + Inspiring to hear – thx for sharing!

    Create a Great Day! – AC

    Reply
    • Syed BalkhiSyed Balkhi

      January 3, 2017

      Thanks Arvell 🙂

      Reply
  4. AvatarMahendra Rao

    January 3, 2017

    This is awesome and I wish you and your family stay healthier, happier and strengther than ever. May the lord be with you always☺

    Reply
    • Syed BalkhiSyed Balkhi

      January 3, 2017

      Thank you Mahendra

      Reply
  5. AvatarJazeem

    January 3, 2017

    Ma sha Allah. What a great productive achievements Syed. ! So Inspiring. Wish you all the best. Love to read more.

    Reply
    • Syed BalkhiSyed Balkhi

      January 3, 2017

      Thanks Jazeem

      Reply
  6. AvatarGuru

    January 3, 2017

    A great overview of your 2016 that actually is inspiring me to shape my 2017! You proved again that no matter what background or where you come from won’t matter, but commitment and dedication to excel do.

    Thank you for sharing your passion and your achievements to prove how a single person can do so many things in life.

    Reply
  7. AvatarJean

    January 3, 2017

    This was super inspirational my friend, thanks for sharing your successes with the rest of the world. I also started a couple of 1-to-1 sessions this year on different topics and I found them super useful.

    Reply
  8. AvatarEhtesham

    January 3, 2017

    Happy New year, just to let you know, we Pakistanis are very proud of what you do and you really are representing a very positive image of our country.

    Reply
  9. AvatarMike

    January 3, 2017

    Never get tired of reading what an incredible business and lifestyle you have built.

    Nothing motivates me more seeing how far you have come! 2017 is going to be incredible 🙂

    Reply
  10. AvatarTammy Hart

    January 3, 2017

    Happy for you, friend. You’ve always been an inspiration to me.

    Reply
  11. AvatarMonica Vila

    January 3, 2017

    Congratulations Syed, you are an inspiration and will make a great dad to Solomon – I look forward to your 2017 recap already!

    Reply
  12. AvatarWaqas Ali

    January 3, 2017

    Happy new year Syed!!
    Great to see the progress you keep making every year. Wishing you and your family even better 2017.

    Reply
  13. AvatarJoe G.

    January 3, 2017

    Great read and thanks for sharing!! As for your national parks goal, I’d highly recommend visiting Utah since 4 of them are located in the state (Zion, Bryce Canyon, Arches and Canyonlands).

    Reply
    • Syed BalkhiSyed Balkhi

      January 18, 2017

      Thanks Joe. Will add it to my list.

      Reply
  14. AvatarTyna

    January 3, 2017

    I am so happy to see how much you have grown and achieved since the first time i come in contact with you through your website and you designed my first website in 2007. You are such an inspiration and i will like my son to learn a lot from you. 2017 is going to be even a greater year for you. Good luck.

    Reply
    • Syed BalkhiSyed Balkhi

      January 18, 2017

      Thanks Tyna 🙂

      Reply
  15. AvatarMichelle

    January 3, 2017

    Wow, what a fantastic year. Parenthood changes everything. Best wishes to you and your family in 2017.

    Reply
  16. AvatarArbaz

    January 4, 2017

    That was really amazing and inspiring!
    All the best for the new year!

    Reply
  17. AvatarKunal Chandiramani

    January 4, 2017

    Great year. Very inspiring. This 13 year old is surely inspired by you

    Reply
  18. AvatarSteven Gliebe

    January 13, 2017

    Congrats on all your personal and professional blessings in 2016. It’s inspiring to see what you accomplish. Have another great year!

    Reply
  19. AvatarLarry Frank

    January 14, 2017

    Wow! Syed,
    2016 was indeed a great year for you. I share in your joy and happiness. You’ve got great plugins, and you know how I have looked to see the brain behind wpbeginners. You are doing a great job.
    Cheers.

    Reply
    • Syed BalkhiSyed Balkhi

      January 18, 2017

      Thanks Larry

      Reply
  20. AvatarAhmad Awais

    February 4, 2017

    Hey, Syed!

    Congrats on having a great year! You had an awesome one. Loved the fact that you built your Mom a new house. Keep up keeping up 🙂

    BTW I also published my 2016 year in review — would be great if you’d drop by and read some of it.

    Here’s to 2017!

    Reply
  21. AvatarJeremy

    February 4, 2017

    Syed, all I can say is that you are an inspiration to me, I want to be where you are now and seeing how successful you are makes me wanna go hard more, also as a Father to a 1 year old baby boy it helps a lot and gives you focus on what is important in life.

    thank you!

    Reply
  22. Avatararavind

    February 22, 2017

    all the best for your awesome year 2017

    Reply
  23. AvatarCatalin Corozanu

    March 3, 2017

    I thank you for this article. At first i was skeptical at first about your blog or this article, beeing for the first time here.. but now i think i have many things to learn from you.. I wish you the best for 2017.

    Reply
  24. AvatarAlexis Martin

    March 3, 2017

    Hi Syed,
    This post is very inspiring, for be been a dad is also the greatest feeling ever! I have to tell you I love OptinMonster I use it to capture leads from my ecommerce site and add them to Infusionsoft and WOW! I’m pressed with how easy is to use it, a developer had created a floating bar on with Optinmonster but I didn’t pay much attention for a few months I when back and change a few things and went from 0.04 CR to over 12%!

    Reply
  25. AvatarRon Eggemeyer

    March 22, 2017

    I very much enjoy my daily dose of LIST25. It has become a lot like coffee.

    Thanks

    Reply
  26. AvatarMohammed

    April 4, 2017

    Great year. Very inspiring.

    Reply
  27. AvatarTerry Loerch

    April 20, 2017

    lol I have a 2 year old and I almost died this year. Take life and run with it you never know when it can turn to the good or bad. I agree about the f bomb.. stop now, as I tend to say it here and there and my son said it today like a pro, because he wants to be just like daddy. Being a father is the best thing in the world but it gets harder as they get older, bullies, park politics, eating right, etc..
    Take care and give the little guy a hug they grow soo fast.

    Reply
  28. AvatarRavi Roshan Jaiswal

    April 28, 2017

    Hey Syed,

    Thanks for sharing your awesome experience with us.

    The best thing I get here reading your post today is : about Soliloquy ( best responsive WordPress slider plugin) and Enviragallery ( the best premium WordPress gallery plugin). Both are best plugin to style your WordPress blog and implementing them, I’m sure look great. I have just bookmarked these two of best plugins for future use.

    Reading about your goals for 2017 to increase family time is heart touching. Looks like you want spend much time with family and it shows your love on them.

    Nice memory of 2016. Beautiful photographs. Good to see. Thanks writing an article on it. Interesting as well as informative post.
    – Ravi.

    Reply
  29. AvatarIrakli

    May 16, 2017

    Very inspiring, thanks for sharing.

    Reply
  30. AvatarLisander

    June 24, 2017

    Very inspiring story Syed. I had to re-read it now, about 6 months after you published. Much success with your businesses in 2017 also 😉

    Reply
  31. AvatarCarlos Embalagens

    January 9, 2018

    Hi Syed, you are inspiring me,
    i’m student from Brazil (Rio de Janeiro) and started now with internet market..
    Congratz for your achievements and really, giving attention to family has to be a goal of life.

    Reply
  32. AvatarJordan Exel

    May 18, 2018

    Nice post, great attitude.
    I hope everybody can achieve this goals once in life : )

    Reply

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