Chapter
Walmart vs Costco Business Models
38:52 - 42:54 (04:01)
The speaker discusses the economics behind the Walmart and Costco business models and how one can be like Walmart and sell cheap stuff, while the other can sell a membership and sell it at cost, leading to an analysis of the manufacturing term for this type of business. The speaker then mentions a company that was innovative in finding the same supplier or an identical supplier to make the same quality, and made them a no-brainer offer after raising $10-13 million.
Clips
The discussion explores the potential benefits of retail business models, whether it is better to sell discounted goods like Walmart or charge a membership like Costco or Sam's Club.
38:52 - 40:38 (01:45)
Summary
The discussion explores the potential benefits of retail business models, whether it is better to sell discounted goods like Walmart or charge a membership like Costco or Sam's Club. They also highlight an innovative practice of approaching manufacturers with a mutually beneficial offer and how it has enabled the company to be more capital efficient.
ChapterWalmart vs Costco Business Models
Episode#128 - Open Startups, A Mysterious Bag Lady, and Gamifying Facebook Ads
PodcastMy First Million
The speaker compares the benefits and drawbacks of Italic's membership-based approach versus a successful marketing strategy used by another company that raised millions.
40:38 - 41:44 (01:05)
Summary
The speaker compares the benefits and drawbacks of Italic's membership-based approach versus a successful marketing strategy used by another company that raised millions. They suggest that Italic might benefit from a membership model.
ChapterWalmart vs Costco Business Models
Episode#128 - Open Startups, A Mysterious Bag Lady, and Gamifying Facebook Ads
PodcastMy First Million
The host mentions a leather zip cart wallet and notes that women would be interested in it.
41:44 - 42:54 (01:09)
Summary
The host mentions a leather zip cart wallet and notes that women would be interested in it.