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5 · The business model

The money

The cost side is nearly empty

CostPer customer, per monthNotes
Hosting£0GitHub Pages, public repository.
Domain£0 to the operatorThe customer owns and pays for it, about £10 to £15 a year.
Agent tokens for changes£1 to £5A typical content change costs pence in tokens; a busy month a few pounds. Metered, or absorbed in the package.
The operator's agent seatabout £20 to £200 a month, shared across all customersOne Claude or ChatGPT plan supports the operator's sessions for every customer.
Third-party embeds£0 to £15Forms and bookings have free tiers; paid tiers are passed to the customer.
Operator timethe real costSetup: 4 to 12 hours. Maintenance: 20 to 90 minutes a month depending on package.

So the gross margin on maintenance is very high, and the business is entirely about how many customers one operator can keep genuinely happy. That is the number to watch.

Capacity

A working assumption for one operator, full time, once the playbooks are in place:

ActivityHours per month
Setups, at 3 a month averaging 8 hours24
Maintenance, 50 customers averaging 45 minutes38
On-demand changes, 20 a month at 45 minutes15
Sales, admin, the monthly notes30
Total107 of about 160 available

Fifty customers is comfortable for one person. Eighty is the ceiling before a second operator, and the second operator is the moment the playbooks prove they are playbooks.

Three scenarios, one operator

Average maintenance price assumed at £90 (a mix of bronze, silver and gold). Setup average £600. On-demand average £70.

SmallSteadyFull
Customers on maintenance205080
Monthly recurring revenue£1,800£4,500£7,200
Setups per month234
Setup revenue per month£1,200£1,800£2,400
On-demand changes per month82035
On-demand revenue per month£560£1,400£2,450
Revenue per month£3,560£7,700£12,050
Direct costs per month (tokens, seats, embeds)£200£400£600
Contribution per month£3,360£7,300£11,450
Annual contribution£40,320£87,600£137,400

The Small column is a viable one-person business from month six. The Steady column is a good one. The Full column is where the second operator starts. None of these needs outside money, and that is a feature, because the next section is about why an investor would want in anyway.

The two things that decide the numbers

  1. Churn. A customer who leaves after six months was worth £540 of maintenance plus their setup. One who stays three years is worth £3,240 plus the upsells. The monthly note and the visible change log are the churn tools. Track it from customer one.
  2. Setup time. The first setup takes twelve hours. The twentieth takes four, because the playbook, the templates and the agent's instructions are reusable. Every hour off the setup is margin or a lower price, and a lower price is a bigger market.

The rule from the operating model

Be profitable before you raise. This business can be profitable inside a year with one operator and no capital beyond a laptop, an agent seat and a domain for the sales site. Do that first. Then the conversation with an investor is about growth, not survival.


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