Back to feeds

Mr Z

 • 

Medial • 2d

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 replies20 likes
14
Replies (17)

More like this

Recommendations from Medial

Image Description
Image Description

Havish Gupta

Stealth • 2m

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 replies36 likes
7
Image Description
Image Description

Havish Gupta

Stealth • 6m

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 replies8 likes
1
Image Description
Image Description

Only Buziness

Stealth • 1d

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 replies13 likes
2
Image Description

Quzun

Stealth • 5m

As of 2024, the top 20 companies by market valuation are: 1. **Microsoft**: $3.32 trillion 2. **Apple**: $3.23 trillion 3. **Alphabet (Google)**: $2.27 trillion 4. **Saudi Aramco**: $2.11 trillion 5. **Amazon**: $1.61 trillion 6. **Nvidia**: $1.48 t

See More
6 replies7 likes
1

Nilotpal Chauhan

Stealth • 8m

Global Service Industry has a total TAM of nearly $14 Trillion, and it's expected to grow with 21% CAGR by the year 2033. India 🇮🇳 Export: $105 Billion Import: $170 Billion You either yourself problems, Or you help people solve problems. Endles

See More
0 replies5 likes

Harshit Singh Sikarwar

Stealth • 2m

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
0 replies6 likes
1
Image Description
Image Description

Niket Raj Dwivedi

 • 

Medial • 1m

India’s Unicorns and their valuations, a detailed list on Medial- 2024 1. Krutrim - AI: $1 billion 2. Ather Energy - Electric Vehicles: $1.4 billion 3. Perfios - FinTech (SaaS): $1.2 billion 4. Rapido - Ride-Hailing: $1.1 billion 5. Moneyview - Fi

See More
10 replies27 likes
23
Image Description
Image Description

Inactive

Stealth • 4m

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 replies4 likes
1
Image Description
Image Description

Nawal

 • 

SELF • 8m

🔵 Apple Defies Low Expectations With Services Strength Despite a 10.5% decline in iPhone sales to $46 billion, Apple’s Q2 2024 results exceeded pessimistic forecasts. Total revenue dipped 4% to $90.8 billion, but the services segment shined, growin

See More
8 replies14 likes
2
Image Description

Mahendra Lochhab

Stealth • 7m

Apple has assembled iPhones worth $14 billion in India in the fiscal year 2024. Apple assembles 14% of its iPhones in India, which means 1 out of every 7 iPhones is assembled in India. Foxconn owns 67% of the iPhones assembled in India, Pegatron

See More
1 replies7 likes
1

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