克里斯蒂娜·麥克-特納在開啟律師生涯后,很快就意識到法律不適合她。麥克-特納本質上是一個富有創(chuàng)造力的人,于是在2008年改變方向,加入了蘋果公司,在將近四年的時間里,先后負責全球商業(yè)事務和內容戰(zhàn)略。離開蘋果后,她在Flipboard牽頭了兩年伙伴關系部,帶領團隊規(guī)劃、發(fā)展、落實了與iTunes、維亞康姆(Viacom)、《紐約時報》(New York Times)和康泰納仕(Condé Nast)全球重要合作伙伴的關系。
盡管這些工作讓她在職場上收獲頗豐,但麥克-特納還是想自己創(chuàng)業(yè)。2016年,她與人共同創(chuàng)立了天然護膚品牌True Botanicals,經(jīng)手了三輪融資后,在2018年秋季退出。
之后,麥克-特納又在2019年創(chuàng)立了一家新的保健公司Mab & Stoke,生產(chǎn)為客戶量身定制的片狀草本補充劑。最近,她接受了《財富》雜志的采訪,聊了聊她的職業(yè)生涯、新公司以及這家已經(jīng)成立了一年的新公司未來的前景。
為簡明起見,以下采訪內容經(jīng)過了經(jīng)過刪減和編輯。
《財富》:保健行業(yè)比以往任何時候都更炙手可熱,但也很擁擠。而且口服產(chǎn)品的有效性還存在很多問題。創(chuàng)立Mab & Stoke的靈感是什么?是什么讓它與眾不同?
克里斯蒂娜·麥克-特納:說實話,當我離開True Botanicals公司時,完全沒有再開一家公司的打算,尤其是一家健康領域的公司。殫精竭慮的創(chuàng)業(yè)生活把我徹底累壞了。但諷刺的是,正是這種疲勞催生了Mab & Stoke。為了緩解疲勞,我開始研究各種各樣的草本保健品,等我真正找到適合我的種類、適合我的劑量時,我被效果徹底驚艷了。后來我根據(jù)自己的需求每天服用適合我的草本保健品,效果之明顯,是我在嘗試草本保健的這些年里從來沒有感受過的。
我聽到過很多人質疑口服產(chǎn)品的功效,雖然可能對某一種產(chǎn)品來說確實有這個問題,但在我看來,一桿子打翻一整類產(chǎn)品是毫無道理的。我認為,人們是通過行為來理解和相信事物的。不需要有人向你證明一杯水可以解渴,因為每個人都有過親身體驗。不過,就像一滴水不足以補充水分一樣,在拿鐵里加一兩勺植物粉也無法讓你感受到到草本的最佳功效。如果你想要實現(xiàn)目標效果,就需要按照正確的頻率和劑量服用正確的植物。我認為大多數(shù)人從來沒有弄明白真正符合他們需求的植物是什么,而且即使他們弄明白了,也很少能夠攝入足夠產(chǎn)生明顯效果的劑量。再加上,按照我們美國人如今的生活方式,很少有人可以做到一天吃三頓補劑,而想要植物補充劑起作用,則需要一天三次最傳統(tǒng)的服用頻率。
有時我覺得,人們之所以會質疑植物的功效,是因為藥用植物的種類如此豐富,又如此唾手可得。然而,事實上,植物是非常復雜的。比水復雜得多,水只有兩份氫和一份氧。例如,生姜由700多種化合物組成,而且不像維生素,這些化合物大多數(shù)都和人體化合物不同。生姜里的化合物共同作用,可以緩解疼痛、輔助消化、提升皮膚健康以及其他多種好處。沒有臨床實驗證明這些化合物是如何共同發(fā)揮作用的,因為讓制藥公司去證明生姜作為一種植物的功效實在無利可圖。你又不能給生姜打上自己的專利。總而言之,我覺得認為草藥沒有效果的想法非常愚昧。世界上80%的人成功依靠草藥作為其主要醫(yī)用藥物,還把草藥和對抗療法結合使用。國外的醫(yī)生通常都要接受植物藥方面的培訓。在美國,植物藥不夠主流,這更多地反映了監(jiān)管政治,而不能說明植物是否真能幫助人們過上更健康的生活。
我之所以創(chuàng)造出Mab Tabs,因為我想和大家分享植物讓我感覺生機勃勃、充滿力量的個人體驗,要知道,這之前我已經(jīng)很多年沒有過這種體驗了。我想生產(chǎn)點我媽媽、丈夫和朋友都愿意服用的東西。我知道他們一天最多只可能吃上一回,而且我想,這種產(chǎn)品的服用體驗可要比膠囊或苦味酊劑吸引人。最重要的是,我想創(chuàng)造一種足夠強效的產(chǎn)品,吃一片水溶片就能夠獲取一整天需要的全部草藥成分。
一開始我做研究更多是出于好奇心,而不是想再創(chuàng)業(yè)。我開始接觸這個領域的專家、植物化學家、醫(yī)學博士、植物學家和農(nóng)民,結果,我開始考慮能不能獲得一種完美的體驗——生產(chǎn)一種超級草藥片,結構更高級,可以向你提供你真正需要的東西。我了解到,植物的功效并不僅僅取決于植物從哪里來,也取決于它們的產(chǎn)地和生產(chǎn)方式。深入?yún)⑴c從農(nóng)民到終端產(chǎn)品的供應鏈,對確保產(chǎn)品有最佳效果也至關重要。
之所以會出現(xiàn)Mab Tabs,是因為我在市面上找不到類似的產(chǎn)品;但我覺得它們的存在真正可以對服用者的健康產(chǎn)生積極影響。Mab Tabs確實是一款獨特的產(chǎn)品。我們?yōu)榇蠖鄶?shù)顧客提供的都是定制產(chǎn)品,我們還提供有針對性的混合藥劑,既能在短期內明顯見效(比如Focus或Calm),長期服用也可以產(chǎn)生持續(xù)影響。我們的每一種混合補充劑都是精心制作,將6到10種產(chǎn)品進行濃縮合一,最終產(chǎn)生的水溶片能夠隨意加入你的早餐咖啡,你最喜歡的雞尾酒,或者就是加到水壺里。
你在創(chuàng)業(yè)時遇到的最大困難是什么?最讓你感到驚訝的是什么?
我們是在2020年1月下旬開始營業(yè)的,當然,新冠肺炎疫情是個大意外。疫情帶來了各種各樣我們沒有預見的問題和挑戰(zhàn)。其中一個是關于如何應對消費市場的重大轉變,包括現(xiàn)在消費者更關注常用商品(面粉、衛(wèi)生紙等)。其他挑戰(zhàn)包括如何將經(jīng)濟包容性作為我們產(chǎn)品的長期目標,如何建立一個可以反映我們所有目標顧客群體需求的社區(qū)。
當我創(chuàng)建Mab & Stoke的時候,我的目標是創(chuàng)建一家讓人們感覺很棒的公司。我們都希望并應該擁有健康,但經(jīng)濟差距是導致人們難以實現(xiàn)共同健康的巨大障礙。這并不是什么新鮮事,但從全球疫情的角度來看,我意識到我們過去的產(chǎn)品定位是“負擔得起”的奢侈品。
盡管如此,在超過5100萬人失業(yè)的情況下,這是我們給自己設了個陷阱,如果不重新思考定價問題,將極大地影響我們的成功。我們最初的啟動策略是為志同道合的客戶建立一個社區(qū),卻沒有考慮到現(xiàn)有商業(yè)模式相對于經(jīng)濟可及性的長期影響。
因此,面世五個月后,我們推出了“量入為出”模式。我們大幅削減了利潤率,現(xiàn)在為所有產(chǎn)品提供三個層級的可變價格,確保每個人都能夠買得起Mab Tabs。我們?yōu)檫@個策略感到十分自豪,但如果不是疫情,這也許不會出現(xiàn)。
你們從客戶那里收到了哪些反饋?你是否發(fā)現(xiàn)有哪些需要迅速調整的地方?
我們的“量入為出”計劃得到了廣泛好評,這讓我們頗為驚訝。客戶不僅非常喜歡這個模式,而且他們也可以不用考慮經(jīng)濟因素更隨心地向親朋好友推薦我們的產(chǎn)品了。因此,我們的訂購率在該模式推出后的第一個月就飆升714%,并在第二個月繼續(xù)保持良好的增長勢頭。從利潤率的角度來看,這個計劃也完全行得通,因為有兩個高價選項,能夠保證最低層級定價的供給(基本上是成本價)。在前兩層中,每賣出10件產(chǎn)品,就可以補足一件最低價商品的差價。換句話說,我們的社區(qū)是由顧客自行補貼的,他們選擇了自己需要的東西,同時享受在社區(qū)中為他人提供支持的感覺。
在這個項目中,我們還測試過一個許多客戶都提出過的方案,他們要求我們增加第四層訂閱價,這層價格要高于我們常規(guī)的零售價格;選擇這種定價可以回饋社會,能夠創(chuàng)造更多的低價產(chǎn)品。我們想為什么不試試呢?我們按照訂閱價130%的價格測試了大約一個月,但沒有什么人感興趣,所以我們就中止了這個方案。理論上,第四層價格對于人們來說或許很好,但當它真正出現(xiàn)時,即使是那些擁有更多資源的人也不想為產(chǎn)品付那么多錢。我發(fā)現(xiàn),互聯(lián)網(wǎng)企業(yè)經(jīng)常會遇上這種變化。人們說他們想要某個功能,但等你做出來了,他們卻不一定會用。未來我們可能會在這個領域進行更多試驗,但目前我們回到了三層定價方案。
在疫情和經(jīng)濟危機的背景下,當前的商業(yè)和公共衛(wèi)生環(huán)境將如何影響企業(yè)的未來,包括產(chǎn)品開發(fā)、籌資等?
對我們來說,最重要的就是專注于繼續(xù)教育,為客戶提供最好的產(chǎn)品。我們將繼續(xù)做消費者直營,但也開始和一些重要的伙伴進行合作,目的是擴大我們的經(jīng)銷范圍,到時你就能夠看到添加了Mab & Stoke成分的產(chǎn)品。這些合作遠遠超出了飲料領域,拓展到了許多令人激動的品類。基本上,只要某種產(chǎn)品的性能可以通過植物得到提升,我們在就有可能在未來建立伙伴關系,開展合作。
展望未來五年,你希望Mab & Stoke是什么樣子?你希望它處于哪個位置?
我先不透露太多,Mab & Stoke的目標一直都是生產(chǎn)Mab Tabs。但這仍然是一個起點,而不是終點。除了Mab Tabs,如果有哪種以植物為原料的產(chǎn)品可以有效果,還能以現(xiàn)代化的形式交付,我們就會把它納入視野。我們正在打造未來的消費性包裝品公司;這是一家關心環(huán)境和他人健康的公司,是一家以植物作為源動力的公司。(財富中文網(wǎng))
譯者:Agatha
克里斯蒂娜·麥克-特納在開啟律師生涯后,很快就意識到法律不適合她。麥克-特納本質上是一個富有創(chuàng)造力的人,于是在2008年改變方向,加入了蘋果公司,在將近四年的時間里,先后負責全球商業(yè)事務和內容戰(zhàn)略。離開蘋果后,她在Flipboard牽頭了兩年伙伴關系部,帶領團隊規(guī)劃、發(fā)展、落實了與iTunes、維亞康姆(Viacom)、《紐約時報》(New York Times)和康泰納仕(Condé Nast)全球重要合作伙伴的關系。
盡管這些工作讓她在職場上收獲頗豐,但麥克-特納還是想自己創(chuàng)業(yè)。2016年,她與人共同創(chuàng)立了天然護膚品牌True Botanicals,經(jīng)手了三輪融資后,在2018年秋季退出。
之后,麥克-特納又在2019年創(chuàng)立了一家新的保健公司Mab & Stoke,生產(chǎn)為客戶量身定制的片狀草本補充劑。最近,她接受了《財富》雜志的采訪,聊了聊她的職業(yè)生涯、新公司以及這家已經(jīng)成立了一年的新公司未來的前景。
為簡明起見,以下采訪內容經(jīng)過了經(jīng)過刪減和編輯。
《財富》:保健行業(yè)比以往任何時候都更炙手可熱,但也很擁擠。而且口服產(chǎn)品的有效性還存在很多問題。創(chuàng)立Mab & Stoke的靈感是什么?是什么讓它與眾不同?
克里斯蒂娜·麥克-特納:說實話,當我離開True Botanicals公司時,完全沒有再開一家公司的打算,尤其是一家健康領域的公司。殫精竭慮的創(chuàng)業(yè)生活把我徹底累壞了。但諷刺的是,正是這種疲勞催生了Mab & Stoke。為了緩解疲勞,我開始研究各種各樣的草本保健品,等我真正找到適合我的種類、適合我的劑量時,我被效果徹底驚艷了。后來我根據(jù)自己的需求每天服用適合我的草本保健品,效果之明顯,是我在嘗試草本保健的這些年里從來沒有感受過的。
我聽到過很多人質疑口服產(chǎn)品的功效,雖然可能對某一種產(chǎn)品來說確實有這個問題,但在我看來,一桿子打翻一整類產(chǎn)品是毫無道理的。我認為,人們是通過行為來理解和相信事物的。不需要有人向你證明一杯水可以解渴,因為每個人都有過親身體驗。不過,就像一滴水不足以補充水分一樣,在拿鐵里加一兩勺植物粉也無法讓你感受到到草本的最佳功效。如果你想要實現(xiàn)目標效果,就需要按照正確的頻率和劑量服用正確的植物。我認為大多數(shù)人從來沒有弄明白真正符合他們需求的植物是什么,而且即使他們弄明白了,也很少能夠攝入足夠產(chǎn)生明顯效果的劑量。再加上,按照我們美國人如今的生活方式,很少有人可以做到一天吃三頓補劑,而想要植物補充劑起作用,則需要一天三次最傳統(tǒng)的服用頻率。
有時我覺得,人們之所以會質疑植物的功效,是因為藥用植物的種類如此豐富,又如此唾手可得。然而,事實上,植物是非常復雜的。比水復雜得多,水只有兩份氫和一份氧。例如,生姜由700多種化合物組成,而且不像維生素,這些化合物大多數(shù)都和人體化合物不同。生姜里的化合物共同作用,可以緩解疼痛、輔助消化、提升皮膚健康以及其他多種好處。沒有臨床實驗證明這些化合物是如何共同發(fā)揮作用的,因為讓制藥公司去證明生姜作為一種植物的功效實在無利可圖。你又不能給生姜打上自己的專利。總而言之,我覺得認為草藥沒有效果的想法非常愚昧。世界上80%的人成功依靠草藥作為其主要醫(yī)用藥物,還把草藥和對抗療法結合使用。國外的醫(yī)生通常都要接受植物藥方面的培訓。在美國,植物藥不夠主流,這更多地反映了監(jiān)管政治,而不能說明植物是否真能幫助人們過上更健康的生活。
我之所以創(chuàng)造出Mab Tabs,因為我想和大家分享植物讓我感覺生機勃勃、充滿力量的個人體驗,要知道,這之前我已經(jīng)很多年沒有過這種體驗了。我想生產(chǎn)點我媽媽、丈夫和朋友都愿意服用的東西。我知道他們一天最多只可能吃上一回,而且我想,這種產(chǎn)品的服用體驗可要比膠囊或苦味酊劑吸引人。最重要的是,我想創(chuàng)造一種足夠強效的產(chǎn)品,吃一片水溶片就能夠獲取一整天需要的全部草藥成分。
一開始我做研究更多是出于好奇心,而不是想再創(chuàng)業(yè)。我開始接觸這個領域的專家、植物化學家、醫(yī)學博士、植物學家和農(nóng)民,結果,我開始考慮能不能獲得一種完美的體驗——生產(chǎn)一種超級草藥片,結構更高級,可以向你提供你真正需要的東西。我了解到,植物的功效并不僅僅取決于植物從哪里來,也取決于它們的產(chǎn)地和生產(chǎn)方式。深入?yún)⑴c從農(nóng)民到終端產(chǎn)品的供應鏈,對確保產(chǎn)品有最佳效果也至關重要。
之所以會出現(xiàn)Mab Tabs,是因為我在市面上找不到類似的產(chǎn)品;但我覺得它們的存在真正可以對服用者的健康產(chǎn)生積極影響。Mab Tabs確實是一款獨特的產(chǎn)品。我們?yōu)榇蠖鄶?shù)顧客提供的都是定制產(chǎn)品,我們還提供有針對性的混合藥劑,既能在短期內明顯見效(比如Focus或Calm),長期服用也可以產(chǎn)生持續(xù)影響。我們的每一種混合補充劑都是精心制作,將6到10種產(chǎn)品進行濃縮合一,最終產(chǎn)生的水溶片能夠隨意加入你的早餐咖啡,你最喜歡的雞尾酒,或者就是加到水壺里。
你在創(chuàng)業(yè)時遇到的最大困難是什么?最讓你感到驚訝的是什么?
我們是在2020年1月下旬開始營業(yè)的,當然,新冠肺炎疫情是個大意外。疫情帶來了各種各樣我們沒有預見的問題和挑戰(zhàn)。其中一個是關于如何應對消費市場的重大轉變,包括現(xiàn)在消費者更關注常用商品(面粉、衛(wèi)生紙等)。其他挑戰(zhàn)包括如何將經(jīng)濟包容性作為我們產(chǎn)品的長期目標,如何建立一個可以反映我們所有目標顧客群體需求的社區(qū)。
當我創(chuàng)建Mab & Stoke的時候,我的目標是創(chuàng)建一家讓人們感覺很棒的公司。我們都希望并應該擁有健康,但經(jīng)濟差距是導致人們難以實現(xiàn)共同健康的巨大障礙。這并不是什么新鮮事,但從全球疫情的角度來看,我意識到我們過去的產(chǎn)品定位是“負擔得起”的奢侈品。
盡管如此,在超過5100萬人失業(yè)的情況下,這是我們給自己設了個陷阱,如果不重新思考定價問題,將極大地影響我們的成功。我們最初的啟動策略是為志同道合的客戶建立一個社區(qū),卻沒有考慮到現(xiàn)有商業(yè)模式相對于經(jīng)濟可及性的長期影響。
因此,面世五個月后,我們推出了“量入為出”模式。我們大幅削減了利潤率,現(xiàn)在為所有產(chǎn)品提供三個層級的可變價格,確保每個人都能夠買得起Mab Tabs。我們?yōu)檫@個策略感到十分自豪,但如果不是疫情,這也許不會出現(xiàn)。
你們從客戶那里收到了哪些反饋?你是否發(fā)現(xiàn)有哪些需要迅速調整的地方?
我們的“量入為出”計劃得到了廣泛好評,這讓我們頗為驚訝。客戶不僅非常喜歡這個模式,而且他們也可以不用考慮經(jīng)濟因素更隨心地向親朋好友推薦我們的產(chǎn)品了。因此,我們的訂購率在該模式推出后的第一個月就飆升714%,并在第二個月繼續(xù)保持良好的增長勢頭。從利潤率的角度來看,這個計劃也完全行得通,因為有兩個高價選項,能夠保證最低層級定價的供給(基本上是成本價)。在前兩層中,每賣出10件產(chǎn)品,就可以補足一件最低價商品的差價。換句話說,我們的社區(qū)是由顧客自行補貼的,他們選擇了自己需要的東西,同時享受在社區(qū)中為他人提供支持的感覺。
在這個項目中,我們還測試過一個許多客戶都提出過的方案,他們要求我們增加第四層訂閱價,這層價格要高于我們常規(guī)的零售價格;選擇這種定價可以回饋社會,能夠創(chuàng)造更多的低價產(chǎn)品。我們想為什么不試試呢?我們按照訂閱價130%的價格測試了大約一個月,但沒有什么人感興趣,所以我們就中止了這個方案。理論上,第四層價格對于人們來說或許很好,但當它真正出現(xiàn)時,即使是那些擁有更多資源的人也不想為產(chǎn)品付那么多錢。我發(fā)現(xiàn),互聯(lián)網(wǎng)企業(yè)經(jīng)常會遇上這種變化。人們說他們想要某個功能,但等你做出來了,他們卻不一定會用。未來我們可能會在這個領域進行更多試驗,但目前我們回到了三層定價方案。
在疫情和經(jīng)濟危機的背景下,當前的商業(yè)和公共衛(wèi)生環(huán)境將如何影響企業(yè)的未來,包括產(chǎn)品開發(fā)、籌資等?
對我們來說,最重要的就是專注于繼續(xù)教育,為客戶提供最好的產(chǎn)品。我們將繼續(xù)做消費者直營,但也開始和一些重要的伙伴進行合作,目的是擴大我們的經(jīng)銷范圍,到時你就能夠看到添加了Mab & Stoke成分的產(chǎn)品。這些合作遠遠超出了飲料領域,拓展到了許多令人激動的品類。基本上,只要某種產(chǎn)品的性能可以通過植物得到提升,我們在就有可能在未來建立伙伴關系,開展合作。
展望未來五年,你希望Mab & Stoke是什么樣子?你希望它處于哪個位置?
我先不透露太多,Mab & Stoke的目標一直都是生產(chǎn)Mab Tabs。但這仍然是一個起點,而不是終點。除了Mab Tabs,如果有哪種以植物為原料的產(chǎn)品可以有效果,還能以現(xiàn)代化的形式交付,我們就會把它納入視野。我們正在打造未來的消費性包裝品公司;這是一家關心環(huán)境和他人健康的公司,是一家以植物作為源動力的公司。(財富中文網(wǎng))
譯者:Agatha
After launching a career as an attorney, Christina Mace-Turner quickly realized that law wasn’t for her. A creative person at heart, Mace-Turner shifted gears in 2008 and joined Apple, where she led global business affairs and then content strategy for nearly four years. After Apple, she spent two years as head of partnerships at Flipboard, where her team planned, developed, and implemented key global partnerships with the likes of iTunes, Viacom, the New York Times, and Condé Nast.
Though these positions proved professionally rewarding, Mace-Turner says she wanted to start a business of her own. So in 2016 she cofounded natural skin-care line True Botanicals, overseeing three rounds of financing before exiting in the fall of 2018.
Mace-Turner has since moved on to launch another wellness company, Mab & Stoke, which produces custom herbal supplements tabs, in 2019. She recently spoke with Fortune about her career, her new company, and what the future looks like after completing the startup’s first year in business.
The following interview has been condensed and lightly edited for clarity.
Fortune: The wellness industry is hotter than ever, but it’s also crowded. There are also a lot of questions about the effectiveness of ingestible products. What inspired the launch of Mab & Stoke? What makes it stand apart?
Christina Mace-Turner: Honestly, when I left True Botanicals, I had absolutely no intention of starting another company, particularly in the “wellness” world. I was completely burnt out on the grueling hours of startup life. But, ironically, that was what inspired Mab & Stoke. I looked to herbal medicine to help relieve my fatigue, and once I figured out what herbs I should be taking and in what amounts, I was absolutely blown away by the results. In all of my years of dabbling in herbal remedies, I had never experienced the level of impact and efficacy that I did once I got into a daily routine of ingesting the appropriate herbs for my needs.
I’ve heard a lot of people question the efficacy of ingestible products, and while that makes sense on a product by product basis, it doesn’t make much sense to me for the category as a whole. I think people believe and understand things by doing. No one needs to prove to you that a glass of water will quench your thirst, because everyone has experienced that result firsthand. But just as it takes more than a drop of water to rehydrate a person, it also takes more than a scoop or two of plant powder in your latte to experience a plant’s optimal benefits. And if you want targeted results, it needs to be the right plants in a very specific amount with a regular frequency. I think most people never get the correct plants for their needs, or if they do, they rarely ingest enough of them to lead to a perceivable impact. Complicating matters further, our modern lifestyles in the U.S. rarely accommodate the frequency with which most traditional plant supplements need to be taken to be effective, often three times per day.
Sometimes I think people question plant efficacy because so many medicinal plants are so abundant and readily available. The reality, though, is that plants are incredibly complex. Far more complex than water—two parts hydrogen and one part oxygen. Ginger, for example, is made up of over 700 individual compounds, most of which do not mimic compounds found in the human body, as vitamins do. The synergistic effect of these compounds when ingested is pain relief, digestive support, skin health, and numerous other benefits. We don’t know how all of these compounds work together through clinical trials, because there is so little in it for the drug companies to prove out the efficacy of ginger as a whole plant. You can’t get a patent on ginger. At the end of the day, to suggest that plant medicine is not efficacious feels pretty silly to me. Eighty percent of the world successfully relies on plant medicine for its primary health care and uses it in conjunction with allopathic medicine. Medical doctors outside the U.S. are routinely trained in plant medicine. The fact that plant medicine is not the norm in the United States is more a reflection of regulatory politics than whether or not plants actually work to help people live healthier lives.
I created Mab Tabs because I wanted to share my personal experience of using plants to feel wildly alive and empowered in a way I hadn’t in years. I wanted something my mother would take and my husband and friends. I knew that none of them would ever take something more than once a day and that it needed to be a product experience that was way more appealing than a capsule or bitter-tasting tincture. Most importantly, I wanted to create something where the blends were potent enough to deliver a whole day’s serving of all the herbs they should be taking in a single daily dissolvable tablet.
My initial research was really more personal curiosity than wanting to start another startup. I started seeking out experts in the field, phytochemists, MDs, botanists, and farmers, and, as a result, started contemplating an ideal supplement experience—an herbal super tab—with an elevated design and far greater likelihood of giving you exactly what you need. I learned that it’s not just a question of where plants come from but how and where they are sourced that determines their efficacy for a particular purpose. Deep involvement with the supply chain from farmer to final product was also essential in producing a product that would provide the optimal benefits.
Mab Tabs came about because I couldn’t find anything like them on the market; yet I felt their existence could make a really positive impact on the wellness of others. Mab Tabs are truly a unique product. We make them custom for most of our customers, and we also offer targeted blends that have both near-term discernible impacts (like Focus or Calm) as well as the long-term benefits that come with cumulative use. Each of our blends are carefully crafted and concentrates the power of six to 10 products in one, and can easily be dropped into your morning coffee, your favorite cocktail, or simply your water bottle.
What were some of the biggest hurdles you faced in launching the business? What surprised you the most?
We launched in late January 2020, and, of course, COVID-19 was a massive surprise. To launch into a pandemic has raised all sorts of questions and challenges that we didn’t see coming. One has been about how best to address the significant shift in the consumer market and the focus on products that feel familiar (flour, toilet paper, etc.). The other has been about economic inclusion as a long-term goal for our products, and how best to build a community that reflects all of the people we want to serve.
When I founded Mab & Stoke, my goal was to create a company to help people feel amazing. We all want and deserve good health, but the economic disparity amongst us is a giant hurdle to collective wellness. That’s not something new, but looking at it in the light of a global pandemic, I realized that we had positioned ourselves in the “affordable” luxury market.
That said, with over 51 million people unemployed, it was a trap set for ourselves and would have massively impacted our success had we not rethought how to address pricing. Our initial launch strategy was aimed at building a community of like-minded customers, but had failed to consider the longer-term implications of existing business models relative to economic accessibility.
As such, five months into our launch we introduced a “pay what you can” model. We slashed our margins and now offer three tiers of variable subscription pricing on all our products to allow everyone access to Mab Tabs. This is something we are very proud of and perhaps wouldn’t have happened if it wasn’t for COVID-19.
What kind of feedback have you received from your customers? Is there anywhere you found you needed to make adjustments quickly?
We’ve been amazed by how universally well received our pay-what-you-can program has been. Not only have our customers been highly enthusiastic about the model, they have felt more comfortable suggesting it to their friends and family regardless of economic means. As a result, we saw our subscription rate shoot up 714% in the first month after launch with continued excellent growth going into month two. The program works from a margins perspective because the lowest tier of pricing (basically at cost) is made possible by purchases in the higher two tiers. For every 10 products sold in the top two tiers, a new product is made available at the third and lowest price tier. In other words, our community is self-subsidized by customers who take what they need and enjoy the feeling of supporting others in the community.
One area of this program that we tested came from a number of customers asking us to add a fourth tier that offered subscriptions at a price above our regular retail pricing; this would be a way to give back even more to the community and create even more of the lowest-priced products. We figured why not try it out? For about one month, we tested 130% subscriptions, but there was little interest, so we turned it off. The fourth tier was likely good in theory for people, but when it came down to it, even those with greater resources didn’t want to pay that much for their products. I have found that Internet-based businesses often have this dynamic at play. People say they want a feature, but when you offer it to them, they don’t necessarily ever use it. We may experiment more in this area in the future, but for now we are back to three levels of pricing.
Given the pandemic and economic crisis, how does the current business and public health environment affect the future of the business, from product development to raising capital?
For us, it’s all about staying focused on continued education and making the very best products possible for our customers. We will continue to do this direct to consumers, but we have also started engaging in a number of key partnerships that will extend the reach of our distribution and where you will start to see products infused by Mab & Stoke. These collaborations extend far beyond beverage collaborations into a number of really exciting categories. Basically, if you can enhance the function of a product with plants, it’s in our field of possibilities for future partnerships and collaborations.
Looking down the road five years or so, what do you want Mab & Stoke to look like? Where do you hope it will be?
Without giving away too much, the goal for Mab & Stoke has always been to launch with Mab Tabs. But that remains a starting place, not a destination. Beyond Mab Tabs, if an efficacious product can be made from plants and delivered in a modern form factor, we have it in our sights. We are building the CPG [consumer packaged goods] company of the future; it’s a company that cares about the environment and the wellness of others, and it’s powered by plants.