Meal Kit Market Timing
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A meal kit delivery service that solves the problem of healthy cooking for busy professionals by providing pre-portioned ingredients and recipes delivered to their door. The business was born from the founders' personal experience working 100-hour weeks in finance jobs and struggling to cook healthy meals.
Key Points:
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Core Problem Solved:
- Working professionals eating takeout 7 nights a week
- Difficulty cooking fresh meals due to lack of knowledge and time
- Food waste from buying too much at grocery stores
- Challenge of meal planning and grocery shopping
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Solution Components:
- Pre-portioned ingredients to eliminate waste
- Recipes included with ingredients
- Direct delivery to customers
- Focus on fresh, healthy meals
- Portion sizes appropriate for cooking for couples/small groups
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Target Customer:
- Busy professionals
- People wanting to cook but lacking knowledge
- Those trying to eat healthier
- People looking to impress significant others with home cooking
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Early Operations:
- Started with basic customer service via website chat
- Founder personally handled customer conversations to learn pain points
- Used feedback to improve website copy and sign-up flows
- Facebook was primary customer acquisition channel in first two years
- Constantly adapted marketing tactics as channels evolved
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Business Model:
- Subscription-based delivery service
- Marketing costs recovered over multiple months of customer retention
- Required initial capital for marketing despite positive ROI due to delayed payback period
Josh Hix
Best known as the co-founder of meal prep delivery service Plated, Josh Hix is a serial entrepreneur with several successful tech startups under his belt. The 2003 Georgia Institute of Technology graduate embarked on his first startup endeavor directly after graduation. Bachelor of Science in Electrical Engineering freshly in-hand, Hix co-founded ZeeWise, a database aggregation and rollup tool for franchise and retail businesses. He served as the company’s CTO for five years, and continues to sit on the board.