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Side Hustle School

#2629 - Q&A: “How many subscription boxes do I need to sell to be sustainable?”

Side Hustle School

Chris Guillebeau

Business, Side Hustle, Entrepreneurship,, Careers, Entrepreneurship, Small Business

4.73.3K Ratings

🗓️ 13 March 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Join us in this episode as we help a listener find the magic number for her subscription box business. Learn how to calculate the number of subscriptions you need to be sustainable!

Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.

Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

Read A Year of Mental Health: yearofmentalhealth.substack.com

If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼 

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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.


Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

Read A Year of Mental Health: yearofmentalhealth.com


If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼 


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

For brands in the digital age, content is the customer experience.

0:04.0

That's why industry leaders like KFC, MailChimp, and BMW rely on the contentful composable content platform

0:11.0

to easily create, collaborate, manage, and deliver content across all channels,

0:16.0

resulting in meaningful customer experiences and significant business results.

0:20.0

Ready to maximize your content's potential?

0:23.0

Get started at contentful.com.

0:25.0

Contentful, where content drives business momentum. Let's talk about subscription boxes. We haven't talked about subscription boxes. You haven't talked about subscriptions in a while.

0:43.0

Well, subscription boxes specifically, you know, where you're paying a monthly fee and you're

0:46.1

getting a new set of face masks or toys for your kids, educational toys perhaps, or puzzles or could be anything else like so many different

0:56.1

subscription boxes out there. Let's talk about the business of subscription boxes. How many do you

1:00.7

need to sell to be sustainable? Like on a monthly basis, how many do you need to sell to be sustainable like on a monthly

1:03.2

basis how many monthly subscription box customers do you need I love this

1:07.8

question because it's so specific and if you're trying to set up a

1:10.6

subscription box if you're like this would be a cool business. I tried to do it once for maybe like a year and a half or so.

1:16.1

Not as a full-time thing, but as one of my many side hustles. This was a long time ago and it didn't really work. Like it was fine for a little while but I never

1:23.5

actually scaled it which is the key to making it work on a sustainable basis

1:27.2

especially in this industry. So what does that look like? How do we do the cost

1:31.6

analysis, the market

1:32.9

understanding, the strategic pricing and such? We've got a question from a

1:36.2

listener, Lila, she wants to know basically like how do I get to that number

1:40.0

or what is the number, how do I have a goal, give me a benchmark.

1:43.0

So let's see if we can simplify it.

...

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