Groove Book

100 photos shipped each month for $2.99/mo

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Kristofer™
Kristofer™Hunter@kristofertm · #6 Hunter. Location-based data addict.
This company was on Sharktank this past Friday. It's a pretty awesome offering and gives you something to do with all your photos each month - and at $2.99 price point (shipped!). My albums get so full and they eventually just get saved deep into the abyss that is my computer, similar to the end of "Indiana Jones: Raiders of the Lost Arc" I used to work at Penguin Digital (MoPho App - Acq by Shutterfly) and this was the biggest pitch to users... to do something meaningful with your photos. It was hard to get out of that checkout process without a price tag of nearly $30 though.
Daniel Jefferies
Daniel Jefferies@heydjeff · Director of Product
Love this idea. Had a similar one that I never implemented. Price point seems insane. Do you know what their cost structure / model looks like?
Ryan Hoover
Ryan HooverPro@rrhoover · Founder, Product Hunt
I feel like there's a catch (no pun intended). How can they make money on $2.99/mo (that includes shipping)?
Ryan
Ryan@ryandawidjan · product+biz NYC
Ryan, @jackrmcdermott and I happened to watch this Shark Tank episode haha. They run a professional printing business and thus the cost of goods is a bit skewed for them. They also can ship with the most inexpensive method (can't recall) because of the patented groove which makes the book quite flexible. Think they said they had 20,000 subscribers and made 70 cents a piece.
Kristofer™
Kristofer™Hunter@kristofertm · #6 Hunter. Location-based data addict.
@heydjeff @rrhoover @ryandawidjan Ryan's right. They said they were able to send bulk shipping via USPS b/c of the patented "notch" removed from the binding allowing the book to flex They said something like 30K paying users is their break even since they're making so little/book. I haven't signed up for a subscription service with so little mental resistance... probably ever.