Skip to main content

How to Start a Subscription Box Business

People sign up for subscriptions because they think, “that’s cheap, I’ll get that.” The market has conditioned people to think this way. Why not take advantage of it?
Subscription boxes are an easy way to make a little bit of extra cash each month. Even if you get a few people to sign on, you’re going to make some money.
But what’s involved in building a subscription box business? How do you choose what to send people? Here’s a short guide on how to do that.

1. Niche Down that Subscription Niche

Just like most popular online business models, there will be competition. In the subscription box business, there’s a ton of competition. You might go to Google, type in your niche and get overwhelmed.
That’s natural. It’s like the writer going into Barnes and Noble and thinking, “how will my book ever be found among all these books?”
But just like selling a book, it’s all in how you do your work. You are unique and you can devise a unique subscription box idea.
How do you do this? Niche down your vertical.

Choose a Topic

What topic are you passionate about? Is it books? Is it running? Start with broad strokes.

Choose a Category

Ok, you’ve chosen running. Great! Now pick a category of running. Trail running, Ultra distance running, road running, marathon running, track running, etc. There are so many!

Choose an Aspect

Alright, Ultra distance trail running. Great! Now pick an aspect of that category. Are you going for nutrition, training guides, clothing, accessories, shoes, survival gear?
Once you’ve chosen your aspect, you’ve niched down. Congratulations!

2. Figure Out What Your Customers Like

You want your customers to keep subscribing for as long as possible. But you also need to make money.
You’re going to constantly struggle between these two elements. How do you keep customers engaged?
Dig up surveys. What are people in your niche buying? What do they need? What’s popular? What’s not? What can they afford?

3. Finding Suppliers

You cannot shortcut in this step. Customers will notice and they’ll quickly hit that unsubscribe button.
If you aren’t already connected in your niche, you might want to try hiring a virtual assistant. They’re good at reaching out and sourcing products.
It will take time to make the right connections. But once you make the connections, you can source some quality products for cheap. If you’re low on capital at first, spin your box as a way for companies to advertise. If the customer loves the product and they didn’t know about it before, they’ll be more likely to buy it later.

4. Figure Out Pricing and Set Up Your Business/Website

Again, you’ve got to make money. If the box costs less than the products inside cost you, then you’re not going to make money.
You can do two things to mitigate this. Get your source to give you products for cheap or free. Up your price.
You can’t go much higher than your competitors, but you don’t have to be the cheapest on the block. You just have to have the best selection of goodies.
Lastly, be sure to set up your website and figure out how you’re going to bill your customers. You can visit this website to find out how to do that.


Popular posts from this blog

Steps to Think Positively

Many a times, you may have heard people saying you to think in a positive note to get the outcome of things right. You may have wondered how to think positively when circumstances show negativity. To say, positive thinking depends on the practice and willingness to do so. Here are some steps that can help you to think positively even if you are a negative minded person.
First, every day when you get up in the morning, read or listen to some quotes related to positive thinking. Listening makes a greater impact than reading. You can hear these quotes in television and radio. You can also download them from the Internet. They are available in plenty over the web. In addition, you can always keep a book with you to read it any time throughout the day you want to. This is the first and basic to follow to bring about an optimistic attitude to you.
Second is always to speak in a positive tone. For instance, instead of saying, “The glass is half empty”, say, “The glass is half full”. This thro…

The Effects of Meditation on Your Health

The health of a human being is very crucial, and billions of dollars are spent every year to ensure that the people are healthy. Healthy people are more productive, and a healthy nation is automatically a wealthy one. However, all this money does not need to be spent on health when there are so many other means that do not need even a dime to be effective. Meditation is one of those. However, I must say that people are becoming more and more aware of meditation, and it is becoming more acceptable across the world.
Meditation causes various changes in the different parts of the brain, and these changes bring positive effects on the body tissues and organs. The sphere in the brain that enables one to reason and analyze issues usually pauses and rests when it is time for meditation. This, in turn, makes less adrenaline to be released into the blood, and all the organs become relaxed and they naturally heal from the effects of too much adrenaline. Also, the right signals are sent to the or…

Learn to live in the moment (Video)

There’s no such thing as a life that involves just an unlimited number of rainbows, and smiles, and lollipops. We live in reality, and there is always room for improvement. Most of people are living far below their potential. They know they are capable of so much more. They know that they have the raw ingredients for great success and accomplishment in this life. Still, for whatever reason often self-inflicted, they fail to live up to their fullest potential.

The key is to use the hidden power of your subconscious mind and take control of your life.

Decorating Your Home with Elegant Christmas Decorations

Each year, millions of Americans grace their homes for the approaching holiday season, namely Christmas.Are you one of those people?If so, which type of Christmas decorations do you plan on using?While you might not necessarily think that there's a difference in Christmas decorations, there is. This difference is often the overall quality, also as the design.If you have yet to start decorating for Christmas, you may want to think of decorating your home with elegant Christmas decorations, you'll find that there will be a number of benefits to doing so. Also the appearance of elegant Christmas decorations, you'll also find that their price is quite different.In most cases, you'll find that elegant Christmas decorations cost more than most traditional decorations.Aside from the better quality, you will find that this has to do with where the decorations can be purchased from. Most elegant Christmas decorations can be purchased online, from specialty retailers, or from spe…

What Is Magnetic Personality Development

The law of attraction says that whatever you put your focus on is whatever you get. When you put your focus on the spiritual matters of human personality growth you opt to convey a supernatural magnetic attraction. The question that you are supposed to ask yourself is whether this magnetism is consequential to that unmotivated state where you do not have to bring about as very deprived. In this case you will find that a situation of self reliance becomes a sound opportunity for self development. There are a number of ways which are very vital when it comes to considering the magnetic attractiveness of somebody thought to be spiritual.
The first one is the fixed idea. This is the law of magnetism in a linguistic act. This is based on the continual and repeated association with various fixed, vast and extremely attractive idea like god, love or peace fixed into operation diverse deeply subliminal operations of the heart. These operations however are completely unnoticed and they are not …