re: What industry “secret” do you know that most people don’t?

quote:

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Costco makes zero dollars on anything they sell.. ZERO.. which is why they are able to offer such low prices, they literally sell items for the wholesale prices they pay … the only money Costco makes is on selling memberships .



Source: I worked for a company that sold many products in Costco.. and unless theyve changed their business model in the last 4 or 5 yrs, what i said above is 100% accurate .

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not true, memberships account for about half their profit. it is by far their most profitable "item" but not all of their profit.