Costco's Brilliant Business Model 🌭 Explained.

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[humphrey]

The starting wage is 17.50, with the average being much higher (upwards of 20-25-30)

[fortunematt]

after spending 300 bucks that 1.50 hotdog and pepsi feel like a reward

[trashie.phantom]

I like how "going against the grain" has become treating your workers well and making an enjoyable shopping experience

[amaas]

Wow, a company that figured out how to be cool while making money. Nice

[bpivr]

Their workers actually act as if they want to be there, which is refreshing.

[glj]

Yeah the starting pay is $17.50, i work at Costco, most of us make over $30 an hour because we get bonuses if you work over 5 plus years... ❤

[Kartik_Z]

Costco priorities their employees as well, where as Walmart exploits em

[TexasAlabama]

Yep and as a single mom this is how my kid and I used to eat out on Friday nights, we'd shop for groceries for the week, then I'd treat us to Costco hotdogs.

[HomeEcSewing]

The employees make more per hour and stay longer because the CEO takes a reasonable salary and reinvests the rest into building the business. This is the business model I used to teach economics classes.

[coltongreen]

They also take care of their customers and stand by their products. As opposed to the customer service desk at Walmart is often like The Maury Show.

[stickynorth]

I don't shop at Costco however I do appreciate its business model over its rivals... I.e. Walmart... And clearly its customers don't mind paying the membership fee to gain access to whatever they have in huge quantities...

[teanbooks]

That 1.50 $ combo buys the customers’ hearts. Just like those rotisserie chickens.

[munkimoto]

I love how Costco’s business models is that they are cheap, fair, and well paying. Although I hate memberships, Costco is a membership ill always have under my belt

[DeadCat-]

I love Costco. And yes it's because the employees are not stressed out and angry all the time like Walmart.

[oreomasterr]

When i was broke i would always go to costco hit up all the sample stations twice and then get that $1.50 hotdog and soda. Costco really out here saving lives

[MadPutz]

They do spend on a miniscule bit of advertising but it’s not TV/video/publication. It’s mostly sending monthly sale brochures to existing members, and occasionally putting up an offer website for new member signups including a freebie (which is then organically reposted everywhere by people).

[dangerquad]

That's it I'm working for costco

[forzaa]

Costco's policies are so amazing, I worked there for 4 years but sometimes the managers are garbage and since there are so many people working at the warehouse, it created a high school culture in a bad way with tons of drama, even if you don't care for it, you get pulled in.

[JustGrizzzz]

Your telling me they took the “convenience fee” and turned it into a membership essentially… I love it

[kboogaard]

If I lived in the US the fact that Costco pais relatively good and has healthcare for employees would be a reason for me to only shop there.