Back

Vishu Bheda

 • 

Medial • 8m

Costco built a $250 billion empire by breaking all the rules: - 14% max markup. - $4 billion in membership fees. - Just 4,000 products. Here’s how Costco redefined retail—and the pricing strategy that turned customers into die-hard fans: Costco’s Secret to Success 1. Low Prices Customers Trust: Costco limits markups to 14%, much lower than most stores. Shoppers know they’re getting a fair deal. 2. Memberships = Big Profits: Costco makes $4 billion a year from membership fees, which helps keep prices low. Over 90% of members renew each year! 3. Fewer Products, Better Quality: Costco sells just 4,000 carefully chosen items (compared to 100,000+ at Walmart). This means better quality and value. 4. Kirkland Brand Wins Big: Their in-house Kirkland brand makes $50 billion a year and competes with top brands. 5. Bulk Deals + Fun Finds: Costco offers bulk savings and surprise deals, making shopping exciting. Costco proves: take care of customers, and success follows!

17 Replies
14
20
Replies (17)

More like this

Recommendations from Medial

Image Description
Image Description

Havish Gupta

Figuring Out • 11m

Do you think that the Costco model can work in India? For those who don't know, Costco is an American Supermarket chain similar to Walmart and DMart. The Catch is that only those who have purchased Costco Membership can shop there. And since Costco

See More
32 Replies
7
36
Image Description
Image Description

Havish Gupta

Figuring Out • 1y

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 ann

See More
9 Replies
1
8
Image Description
Image Description

Only Buziness

Business enthusiasti... • 8m

How to Build a Loyal Customer Base Explained with case study of MNC Starbucks: Starbucks creates memorable experiences through its welcoming ambiance, consistent service, and Rewards Program, offering personalized perks like free drinks and exclusi

See More
2 Replies
2
13

Account Deleted

Hey I am on Medial • 7m

4 companies will spend over $315 billion on AI this year, that’s more than the market cap of Coca-Cola.

Reply
1
7

Harshit Singh Sikarwar

I am a forward-focus... • 10m

A platform where customers can collaboratively place bulk orders for trending goods, benefiting from wholesale prices while ensuring security and trust. Key Features: 1. Bulk Purchasing Power: Customers can join forces to place orders, accessing s

See More
Reply
1
6
Image Description
Image Description

Inactive

AprameyaAI • 1y

Mastering the Funnel Lessons from India's Digital Startup Stars [pt2] 1. BYJU'S Edu-Marketing Funnel • Free trials and sample classes • Personalized learning paths • Result: Valued at $22 billion in 2022 2. Zomato's Gamified Loyalty •

See More
4 Replies
1
4
Image Description
Image Description

gray man

I'm just a normal gu... • 5m

Zepto, a leading player in the quick commerce space, has significantly reduced its cash burn and is approaching a $4 billion annualised gross order value (GOV), according to cofounder and CEO Aadit Palicha. “We’re getting close to $4 billion in annu

See More
5 Replies
2
11
Image Description
Image Description

Account Deleted

Hey I am on Medial • 2m

Read some articles and i saw there are approx 15 billion trees are cut down each year—over 4 billion just for paper. That’s forests turned into junk mail, receipts, and packaging. Imagine breathing thinner air, hotter cities, silent forests. and B

See More
5 Replies
1
12
Image Description

Akshat kumar Jain

Front end developmen... • 1y

Zepto Expands with New ‘SuperSaver’ Service: Aiming to Win the Quick Commerce Race Zepto, known for its 10-minute grocery deliveries, is now expanding its offerings with the launch of SuperSaver. This new service, currently available in Bengaluru, t

See More
2 Replies
5
Image Description
Image Description

Maharsh soni

I am here • 8m

💡 Introducing "Sale 4 You" – Revolutionizing Local Shopping! Have you ever missed out on a great deal simply because you didn’t know about it? With Sale 4 You, we're solving that problem by connecting local shopkeepers with nearby customers in real

See More
5 Replies
4

Download the medial app to read full posts, comements and news.