Subscription based business models are a form of recurring revenue where customers pay monthly, quarterly, or yearly fees in exchange for your products or services. In the case of creating a box for teachers or students, the sky is the limit as to what you could provide as an additional stream of revenue.
Sometimes, a price tag on a product or service can be costly for a teacher or student. When you set the price at a more affordable point with an option to pay using multiple payments, you are allowing your customers to include your products in their regular budget. It is predicted that 75% of organizations selling directly to consumers will offer subscription services by the end of 2023.
This means there has never been a better time to think about adding a physical product box to your teacher business.
First, let’s chat about what a subscription box is. A subscription box is a form of product grouping where multiple products are physically shipped to a customer on a recurring basis. They can be themed for a season. Based on a specific idea. Or even as a way to cut down on a teacher's need to scour the internet.
Think Language Arts box for middle school teachers. It has everything needed to teach a novel study, including the novel, room transformation decor, and lesson plans. Curriculum in a Box!
A few ideas to get you moving:
Etsy is a great place to get your feet wet when you first start creating physical products. But once you are ready to turn your ideas into regular subscriptions it might be time to move to your own marketplace.
And that's where your website hub comes in. You can add your own page that explains your box idea. Create a checkout page. Calculate Shipping (there’s a plug-in for everything on WordPress) and get started shipping out your content in the next few weeks.
Maybe you still need more info, or perhaps you are ready to go down a different path in education. Either in a traditional sense or a nontraditional route.
There is room for everyone on this big beautiful playground.
Download my free workbook, The 9 Steps to Becoming an Online Business Coach for Teachers – the only workbook created for teachers supporting teachers, and get started growing your online coaching business today!