Are you about starting a box subscription company? If YES, here is a detailed sample box subscription business plan template & FREE feasibility report. If you are looking towards leveraging on the eCommerce industry to launch a business that requires minimal startup capital, one of the many businesses you can successfully start in the industry is box subscription business. Subscription Boxes are boxes that contain an assortment of products – typically with a common theme, such as beauty boxes, pet boxes, or food boxes.
These boxes are automatically delivered for the length of your subscription. The majority of subscription box services keep each month’s specific box items a surprise. It is indeed a growing and profitable business in the united states of America. Below is a sample box subscription services business plan template that will help you write yours with little or no stress.
Subscription boxes are a recurring delivery of niche products as part of a marketing strategy and a method of product distribution. Subscription boxes are used by subscription-based ecommerce businesses, referred to as “subcom” for short, which follows a subscription Business model. Instead of a one-time purchase, customers agree to automated online payments for the duration of their subscription.
Players in this industry target a wide range of customers and cater to a variety of specific needs and interests. It is estimated that there are 400 to 600 different kinds of subscription boxes in the United States alone and more overseas. Subscriptions vary in both cost and frequency, making them more accessible to a greater range of customers with different socioeconomic backgrounds. Subscription boxes tend to range from $10 to $100.
The eCommerce industry that box subscription service business is a part of is indeed a very large industry that can boast of creating business opportunities for loads of entrepreneurs all across the globe and generating multiple billion dollars annually. The industry generates over $1 trillion annually on a global scale. For example, in 2012, ecommerce sales topped $1 trillion for the first time in history and the figure is still growing.