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Havish Gupta

Inactive for a week ... • 11m

How Costco's Membership-Only Model Works So Costco is the 2nd largest supermarket in the world, operating 870+ stores globally. What's different in Costco is that to shop in their stores, you need to buy their membership (available for $60-$120 annually). And since Costco is getting a healthy amount from customers, they can sell sell their goods at dirt cheap price and still make a profit. Less prices is what attracts customers to shop from them. Thus, Costco got an impressive 25% market share in USA. Last yeat They achieved a $240B in revenue with $8B in profit (compared to Walmart's $16B profit). So Do you think this model will work in India?

9 replies8 likes

Replies (9)

Jaswanth Jegan

Founder-Hexpertify.c... • 11m

Yeah may Work in tier 1 cities others won’t like to pay membership

1 replies3 likes

Anonymous 1

Hey I am on Medial • 11m

This is a great model which even d Mart can think about, later

1 replies1 like

Arcane

Hey, I'm on Medial • 11m

I think this model would definitely work but not initially. Loyal and paying customer base is the foundation of this model. To attract initial customers, cheap membership fees and tier 1 cities is what we should aim for.

1 replies

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