The launch of a new subscription business, for me, has always been one of the most exciting parts about building a new subscription box. A good launch will create an invaluable amount of momentum for your business, but it’s very important to understand that the ‘launch’ is an extensive process, not a single day or task.
Your launch will serve a variety of purposes from validating your concept to collecting leads and building anticipation. I’ve been involved with 5 different subscription box launches (and observed dozens of others) and the ones that saw significant success out of the gate were the ones that planned their launch over a series of important phases. Below I’ve outlined a handful of steps that I believe are crucial to a successful launch. Are you ready to learn how to launch a subscription business the right way?
Phase 1: The Launch Teaser.
Often referred to as a ‘pre-launch’, this is the beginning of your launch process. By this time you should have a solid brand (at minimum a logo), some good marketing copy and you’ll probably want to have a pretty good handle on what your product is going to be (even though you won’t be revealing everything at this time). The launch teaser is a landing page that’s meant to give potential customers just enough information to get them excited about your upcoming product. Below is an example of a good launch teaser page (click on it to expand). As a reference point, the below page received a 19% visitor to email conversion rate.
Why are these elements important?
- Completed brand, professional logo: Too often I see people skip to the teaser phase with an unfinished or unprofessional logo/brand. Remember, this phase is about getting people excited. A professional logo and brand adds a layer of legitimacy and creates the perception that your team has the ability to execute on a really cool product!
- Tagline that describes what it is: Come up with a clever tagline that at least implies what your product or service is. Ours is currently ‘A Yoga Inspired Monthly Surprise’ (although I wish we went with “A Yoga Retreat in a Box!”).
- A reason to care: In other words, answer these questions: Why is this something I should opt-in to? How does it relate to me and why should I be excited about it?
- Call to action: Tell them what to do! In this example, we’re implying that you have to put your email address in to get invited. I also think the ‘get invited’ CTA adds a sense of scarcity.
- Exciting incentive: If anyone is on the fence about putting in their email address, usually an exciting incentive is enough to push em’ over! The lifetime subscription gimmick worked really well and yes, we made good on that!
Getting a solid teaser page live is only about half of this phase! There are two other important steps in this phase: Driving traffic and lead nurturing.
The key here is getting support from influencers of the community/niche you’re building a product for. Need help choosing the right niche? Read my guide on how to select the right niche for your business.
The first step is to create a list of around 100-300 bloggers/influencers (remember, stick to your niche). Contact each of them individually, tell them about your concept and ask for their support (preferably in the form of a shoutout or e-mail notification to their readers/audience). Offer to send them a courtesy box when you do your first shipment – feel free to reserve this offer only for influencers you feel are the most significant. I find it’s also important to acknowledge their value and apologize for not being able to offer more at this time. All of this is so much easier if you actually have a compelling product. For Yogi Surprise, the concept of a ‘Yoga Retreat in a Box’ was really interesting to the yoga influencers we reached out to.
Since the teaser phase is run for up to a month, it’s important to keep your email list engaged during this time so they don’t lose interest. There is actually a great opportunity here to build more anticipation and excitement, turning your leads into even better leads. I suggest an email each week to your growing list featuring new teasers (release something new about what they can expect), countdown updates (how many days left till launch), and other types of anticipation building content.
Phase 2: Start Taking Pre Subscribers (Founding Membership Sales)
Generally I would start Phase 2 after about 1 month of running Phase 1, but you should aim to get at least 2,000-5,000 emails from your teaser page before opening up to pre-subscribers. The day you start collecting your first orders should feel more like opening the flood gates. If you’ve got crickets on your first day, it’s likely you skipped one of my steps, failed to build anticipation or simply didn’t collect enough interest.
For Phase 2, the idea is to announce that you’re now taking pre-subscribers. I like to call these ‘Founding Member Subscriptions’. At this time, you don’t need a full website, but it’s important to have a good landing page that now provides enough information for someone to make a purchase decision (no more teasing people!). Below is an example of a landing page. I’ve made notes on key elements that make up a successful landing page (click the image to expand).
The main goal of Phase 2 is to collect revenue to fund your business and to see how well your list is converting so you can accurately estimate how much product to order for your first shipment.
I recommend running Phase 2 for about a month and a half. For example, if you open up for pre-subscribers on October 1st, your very first shipment should go out November 16th. It’s important to make this clear and set expectations – as long as you do this properly, you’ll only get a minimal number of complaints from the people that pre-subscribed early on. By the 2nd week in October, you should now have enough cash in the bank to place your product orders. It’s likely you’ll have under 1,000 subscribers for your first shipment, this makes the lack of generous lead time to vendors manageable.
When it’s time for your first shipment, don’t forget to send out the boxes you promised your influencer partners! For your first shipment I recommend sending out as many courtesy boxes to influencers as you can. This will create some great momentum for your official launch and help ensure even more success for your second shipment!
Phase 3: The Official Launch
I like to save Phase 3 till AFTER your first shipment to the ‘Founding Members’ has gone out. For Phase 3 you’ll now launch your full site.
This is a good time to follow up with your influencers again (who hopefully now feel good about the partnership after receiving the courtesy box). Ask them to announce your official launch. It might even be a good idea to create a new promo code in celebration of your launch (make sure not to make it as good as your founding member discount).
This is also a good time to make a second announcement to your original leads list, just make sure you’ve scrubbed the list of people who already become customers, Zapier is a great tool for this if you’re using Mailchimp.
Good luck! Please keep in mind, this guide doesn’t include everything, think of it like a blueprint and be creative – this is not the only way. Just remember that professional execution is key. Take your time to do things right.