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John Roman

πŸ‘€ Speaker
239 total appearances

Appearances Over Time

Podcast Appearances

My Amazon Guy
Why This Mystery Box Disaster Revealed a Bigger Problem

We were very, very clear.

My Amazon Guy
Why This Mystery Box Disaster Revealed a Bigger Problem

Yeah, this was not the best box ever.

My Amazon Guy
Why This Mystery Box Disaster Revealed a Bigger Problem

To be fair, some people liked it.

My Amazon Guy
Why This Mystery Box Disaster Revealed a Bigger Problem

The group that liked it was absolutely a minority.

My Amazon Guy
Why This Mystery Box Disaster Revealed a Bigger Problem

It was the majority of our customers were like,

My Amazon Guy
Why This Mystery Box Disaster Revealed a Bigger Problem

I don't know.

My Amazon Guy
Why This Mystery Box Disaster Revealed a Bigger Problem

To be fair, we weren't the same size as we are today.

My Amazon Guy
Why This Mystery Box Disaster Revealed a Bigger Problem

You're naturally going to churn through even good customers because you can only pay X for so long before you're eventually going to churn everyone out.

My Amazon Guy
Why This Mystery Box Disaster Revealed a Bigger Problem

Or not everyone, but the majority, uber majority of people.

My Amazon Guy
Why This Mystery Box Disaster Revealed a Bigger Problem

So it was just, I mean, it took probably six months before we completely righted the ship from it.

My Amazon Guy
Why This Mystery Box Disaster Revealed a Bigger Problem

But that's the first one that comes to mind because I think I still have PTSD from it.

My Amazon Guy
Why This Mystery Box Disaster Revealed a Bigger Problem

No, it's good to relive things like that.

My Amazon Guy
Why This Mystery Box Disaster Revealed a Bigger Problem

Lots of learnings from that one.

My Amazon Guy
Why This Mystery Box Disaster Revealed a Bigger Problem

Yeah, so if I could go back to one of your first where you asked for the three separators, it does make forecasting revenue much easier, right?

My Amazon Guy
Why This Mystery Box Disaster Revealed a Bigger Problem

Much more predictable.

My Amazon Guy
Why This Mystery Box Disaster Revealed a Bigger Problem

So yeah, our LTV is a little bit over $1,000.

My Amazon Guy
Why This Mystery Box Disaster Revealed a Bigger Problem

which is a lot for a D2C brand.

My Amazon Guy
Why This Mystery Box Disaster Revealed a Bigger Problem

It's spread over typically five and a half months is the average lifespan of a member, which we define that as someone that has a subscription box at some point.

My Amazon Guy
Why This Mystery Box Disaster Revealed a Bigger Problem

About $700 of it ends up being from the membership and a little over $300 ends up additional one-time purchases from our shop, from our battle vault, from promotions and sales.

My Amazon Guy
Why This Mystery Box Disaster Revealed a Bigger Problem

So, yeah, it's a big number.