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This Tip of the Week covers topics including:
- 00:00 - BD Butler – AI Assistant + Revenue Analyst (Intro)
- 01:00 - What was BD Butler?
- 02:00 - What is BD Butler Now?
- 03:59 - BD Butler Demo
Tip of the Week
AI-Generated Transcript – Please excuse any inaccuracies
BD Butler – AI Assistant + Revenue Analyst (Intro) (00:00:00)
- BD Butler has been a big hit since its release, and the most recent update will be discussed in more detail, while a quick overview of its current state will be provided (00:00:11).
- Most AI tools typically stop at providing content or code, leaving users to figure out what to build, how to improve it, and how it performs on their own (00:00:30).
- BD Butler is changing this by going beyond just building and helping users understand the actual business behind their website, starting from its initial role as an AI vibe coding assistant (00:00:40).
- BD Butler initially functioned as a personal AI developer that could help build pages, emails, widgets, and potentially custom functionality, and is now expanding its capabilities (00:00:47).
- The tool is evolving from just an AI assistant to also providing revenue analysis, which will be explored further in the discussion (00:00:53).
What was BD Butler? (00:01:01)
- BD Butler was a built-in AI vibe coding assistant that allowed users to describe what they wanted in plain English, and it would help create it for them, whether it was a whole new web page, a new section on an existing web page, improving a web page, creating custom code, email content, or other improvements around their website (00:01:01).
- BD Butler had the ability to remember the conversation it had with the user, similar to other AI LLMs like ChatGBT or Gemini, allowing users to refine the result step by step without having to start over every time (00:01:30).
- The key benefit of BD Butler was that it made building things easier and allowed for iteration and improvement on what it was building, so users didn't have to do everything in one shot, enabling a more refined and improved outcome (00:01:50).
What is BD Butler Now? (00:02:01)
- BD Butler is entering a new phase, which is the beginning of the next leap for the platform, and it is no longer just helping to build and improve websites, but also starting to understand the actual business, with access to important data such as revenue numbers, members, and member categories (00:02:07).
- This new phase enables BD Butler to provide insights, spot trends, and suggest smarter growth opportunities based on the data from the website, with more data tables to be added soon, giving it access to all the data on the website, including posts, leads, reviews, and widgets (00:02:22).
- As phase 2 rolls out, BD Butler is evolving from an AI developer and coding assistant into a built-in business analyst for the website and the actual business behind it, with the initial rollout providing access to revenue, members, and member categories, and more data to be added in the coming days and weeks (00:02:41).
- The access BD Butler has is similar to what the website's own API can do, allowing it to read the site's information and have conversations about transaction history or members, synthesizing information and providing insights and trends that may be lacking in the website's admin search filters (00:03:19).
- The ultimate goal is for BD Butler to have access to all the data on the website, enabling it to provide comprehensive insights and analysis, and this new phase is just the beginning of this process, with more developments to come (00:03:26).
BD Butler Demo (00:04:00)
- BD Butler has new abilities to provide insights on revenue and member categories, and it will be available in more places, allowing users to create landing pages and ask questions about their site's performance (00:04:00).
- Users can ask BD Butler to create a landing page with specific features, such as an "about us" section, teams, contact form, and story timeline, and it will generate the page accordingly (00:04:24).
- BD Butler can provide insights on which category has made the most revenue, list all categories, and even list only categories with paying members, allowing users to see which categories are driving the most revenue (00:04:50).
- The tool can also answer revenue questions, such as monthly recurring revenue and total revenue for the year, and provide breakdowns of revenue by category and plan (00:05:08).
- Additionally, BD Butler can provide insights on revenue from leads and compare revenue from this year to last year, giving users a better understanding of their site's performance (00:05:32).
- The tool is intelligent enough to link to relevant pages and provide additional information, such as the number of members in each category and the most popular plans (00:06:28).
- BD Butler can also identify high-revenue categories and provide insights on categories with paying members but zero revenue, helping users to identify areas for improvement (00:08:07).
- The system can provide insights into revenue generated from leads, with the ability to break down revenue for a specific year and compare it to the previous year, as well as provide the total revenue generated from leads all time (00:08:29).
- It is possible to ask the system questions such as "who are my top paying members" and receive a list of the top members along with the revenue they have generated, with the system taking around 15 to 30 seconds to respond to such questions (00:09:07).
- The system can also provide information on churn rates, including the number of subscriptions started and stopped during a certain time frame, and calculate the churn rate, with the ability to ask follow-up questions for more specific information (00:10:04).
- Additionally, the system can provide insights into coupon code usage, including which coupon code has been used the most, how much discount has been given out, and which member has received the most discounts from using a coupon code (00:10:33).
- The system can also be asked about the number of free members, paid members, and members who have upgraded their membership plan, providing valuable information for site owners (00:11:22).
- For sites with recurring revenue, the system can provide technical insights such as the lifetime value of members, average spend per customer, and average revenue per user, which can help with pricing strategy and other business decisions (00:11:51).
- The system can calculate various metrics, including average revenue per user, churn rate, and recurring monthly recurring revenue, providing site owners with a better understanding of their business and helping them make informed decisions (00:12:22).
- The system's capabilities are not limited to the examples provided, and users can come up with their own questions and use cases to gain valuable insights into their business (00:12:36).
- The coupon code dropdown is available, and it can be used to filter pages and provide insights into the site's performance, such as the total discount or order revenue generated by a specific coupon code, with the example showing a $16,000 discount (00:13:04).
- The BD Butler is a smart tool that can make custom widgets or modules, and it can also create landing pages, with the first iteration being relatively simple, but it has the potential to become more advanced in its next iteration (00:13:36).
- The next phase of the BD Butler's development will involve teaching it to create components based on the data available in the database, allowing it to connect to the database, code, and create modules, such as a module that streams recent plumbers from a specific location, like Houston (00:13:59).
- The BD Butler can currently read existing data or create new content from scratch, and it allows for iteration and editing, with the example showing an about page with a story timeline and team members, which can be further edited or improved upon (00:14:30).
- The BD Butler's capabilities include creating custom pages, such as an about page, and it can be iterated with to add more features, such as images and color, to create a more engaging and informative page (00:14:45).
