Frontend losses and Backend profit

Bordeaux | Summer 2024
Winning on the first click isn't that simple anymore.

Three years ago, I went to Puremix to help them optimize their ads and strategy. On my first look at the dashboard, I saw campaigns running at a 0.80 ROAS. In any normal DTC setup, spending a dollar to get eighty cents back is a disaster, but with subscription business models, LTV and retention are the path, so that 0.80 ROAS was just a calculated entry fee.


Puremix’s strategy was about demystifying the audio industry techniques.

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Subscription has become the biggest 2026 trend in the DTC industry. The market has reached a level of sophistication where a basic “buy now” ad struggles to offer the margins it used to. Between the noise of AI generated content and Meta hiking the price of attention, winning on the first click isn’t that simple anymore. This is why apps like Subscribility are everywhere right now. They make the transition look like a simple software toggle, but you have to keep your guard up because these platforms are selling you their own subscription.

The reality is that subscription models take two to three years to mature. It’s a valid strategy, but it isn’t for every brand. The math only works if people stay, and spreadsheets cannot force retention. At Puremix, the strategy succeeded because it was built around an actual community of audio engineers. Without that baseline of genuine utility, you are just forcing a business.