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Margins vary from tea to tea and are generally slim. There are some teas that I expect to lose money on and others that have slim margins. I'm assuming that mar
by fadys 15y ago
Margins vary from tea to tea and are generally slim. There are some teas that I expect to lose money on and others that have slim margins. I'm assuming that marketing the service as less than a dollar a day will go a long way in giving the "affordable" signal.
Since all tea is shipped on the same day and bought in bulk, I'll have to rely on volume to make it a profitable business.
With respect to the amount of tea, I, as a tea drinker, drink multiple cups of tea per day. I figured one cup per day for subscribers would be the ideal way to go.
- md1515 15y agoOkay, well in that case let us both hope there are more people like you than me! :)
- fadys 15y agoI hope so too. I know there are passionate people for all types of products. I think it was bemmu (an HNer) who started Candy Japan, a subscription service for Japanese candy, of all things. I'd think tea would have a larger market :) Thanks for your well-wishes.
- jonnycowboy 15y agoAre you putting 70 or 80 cents of tea leaves in each cup of tea? I would never recommend a combination of "some teas that I expect to lose money on" and "I'll have to rely on volume to make it a profitable business". Once your service expands, you'll probably allow members to prefer one kind of tea over another and once they 'Like' the good (expensive) stuff, you're cooked.