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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

And one of the benefits of having some sort of reoccurring revenue, membership, subscription box, etc., is when you have the data to know the LTV, you can get probably more aggressive on the acceptable acquisition cost than you can otherwise.

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

DTC brands love to look at LTV.

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

repeat buyer percentages and metrics similar to those, which again, the benefit of having this native reoccurring new product offering makes those numbers very, very, very high.

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

So we're big on community.

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

So we have the Facebook members only group where you have to be a paying member to be in it.

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

We have about, last time I checked and we checked maybe within the last year we checked, we still had 13 people that have been with us that have never missed in the 130 boxes that we've sent.

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

Half of them are involved in the community.

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

Half never engage with the community.

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

It's not their thing.

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

They just want the gear.

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

We've done special surprise and delights through the years.

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

Typically, once a year, we'll stack rank our active members based on the amount of boxes they've received and revenue spent and send them surprises.

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

And it's a pretty wild thing at times to see that some of these people, they've spent $40,000, $50,000, $60,000 with us, which is not a small amount to spend.

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

Yeah.

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

So it's funny you said that.

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

So we've done this now for, this might be seven years possibly.

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

So maybe right before the pandemic, we implemented this.

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

Who's become a friend now.

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

He was just a peer that networking and conferences.

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

His name's Anthony Coombs, runs a female underwear subscription called Splendys.