Why Start a Subscription Box Business in 2024 (what to know before launching)

Aussie Biz Chic
Aussie Biz Chic
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The global subscription box market is expected to reach US$ 65.0 Billion by 2027. So you’re probably thinking you might want to start a subscription box.

In this video I want to talk about why a subscription box is a really great idea to pursue if you’re looking to start a business. But also want to give you a heads up as to what you need to be prepared for as well.

I’m going to be super honest giving both the pro’s and con’s of this business model. What I wish I knew sooner, so hopefully this can help make your decision easier as to whether this is the business model you want to do.

00:00 - Introduction
00:30 - Recurring Revenue
00:58 - Set Up + Late Payments
02:12 -  Forecasting Stock
02:46 -  Organisation
03:12 - Higher Customer Lifetime Value
04:21 - Long Sales Cycle
04:50 -  Increased Customer Loyalty
05:24 - Fulfilment is Easier
06:01 - Casual Staff
06:23 - Launch Your Sub Box

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