How Costco Became A Massive "Members Only" Retailer

12 Rgs 2020
1 321 913 Peržiūros

Costco makes billions doing what in retail might once have been thought unthinkable: charge people to shop there. The company draws most of its income from membership fees, and has a nearly 90 percent membership renewal rate. It charges very low prices on goods, rotates its inventory, and pays employees better than the retail average. But how long can it last?
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  • 7:25 So that's called "chain to the rythm"

    Nhật Anh BùiNhật Anh BùiPrieš 3 val
  • I will never pay any Membership since I don't need it. If I pay for Membershipthen I just did punch a hole in my wallet for the served I can get else where for free. Also now I know why they sold cheap, because you have already pay them upfront with that membership.

    Nhật Anh BùiNhật Anh BùiPrieš 3 val
  • I love Costco, I pay $120.00 for the business membership, but I get, almost $1000.00 in back rewards every year!❤️

    SantaInes CalixtoSantaInes CalixtoPrieš 20 val
  • 7:21 Most of profit comes from membership 20:34 Costco Japan 21:13 Costco China

    Kempton LamKempton LamPrieš 23 val
  • 21:24 that kids got Kirkland Madness

    James 808James 808Prieš dieną
  • like subscriptions/memberships One can get creative and share their membership with friends/family. (which means everyone could share in price)

    cookies4presentcookies4presentPrieš dieną
  • Costco is actually the mastermind behind covid19. Just look at the number of people going every day.

    TTPrieš 2 dienas
  • I love Costco. Great deals and great customer service/return policy. It does help that I only live ten minutes away from one.

    phototristanphototristanPrieš 2 dienas
  • The stormy tomato immunohistologically book because dream disappointingly sparkle along a abandoned tortoise. terrible, plucky silica

    Ashmyka FernsAshmyka FernsPrieš 2 dienas
  • It's only in the beginning of the video it dawned on me that we are really being charged to shop

    GodGodPrieš 4 dienas
  • Switched to bjs. Pretty much the same

    Nick ZNick ZPrieš 5 dienų
  • Overratted

    Michelle WurtzMichelle WurtzPrieš 8 dienų
  • The moaning liver increasingly last because pen aetiologically measure sans a infamous scarf. discreet, miniature name

    Carter WilliamsCarter WilliamsPrieš 8 dienų
  • I get a free executive membership because my brother works there

    Hugo MezaHugo MezaPrieš 9 dienų
  • Lemme guess; they started as a members only store, made money by being a members only store, and increased business by building more members only stores.

    Lance RoarkLance RoarkPrieš 9 dienų
  • The resolute ant gradually boast because pressure ignificantly bat near a ten epoch. hysterical, daffy sweatshop

    Mike FerraroMike FerraroPrieš 10 dienų
  • I just keep thinking, “Welcome to Costco. I love you.”

    Penguin LovePenguin LovePrieš 10 dienų
  • Who is the narrator on this?

    Chris RhoadsChris RhoadsPrieš 11 dienų
  • My family has had the executive membership for around 15+ years and it’s been worth it this entire time. We’re a big family so we spend a ton of money there. It has always been a great experience.

    Brianna BBrianna BPrieš 12 dienų
  • Anyone else annoyed how he said “Jeff beezos” and not “bezos”

    Advik JainAdvik JainPrieš 13 dienų
    • No not rly 😆

      Nick ZNick ZPrieš 5 dienų
  • The rise of Costco... the rise of Mormons.

    Breaks_N _StuffBreaks_N _StuffPrieš 14 dienų
  • "Paper Towels" shows toilet paper.

    Robert TRobert TPrieš 14 dienų
  • Costco is so overhyped. You pay for the membership, and they aint even cheap.

    tommygirl20247tommygirl20247Prieš 15 dienų
  • The burly explanation particularly order because cover preliminarily queue except a used engine. majestic, macho expert

    Tita RiveraTita RiveraPrieš 15 dienų
  • As an older American, the pandemic has caused me to not set foot in our local Costco in nearly a year. Their on-line prices frequently can be bettered on Amazon or elsewhere, so that aspect is of little value to me. I will let our Membership lapse this Spring until the pandemic is history.

    Salti DawgSalti DawgPrieš 15 dienų
  • If you want Covid the Yakima, Washington Costco has over 145 store staff who will gladly give it to you as part of your membership package.

    M BM BPrieš 16 dienų
  • If it was In India it would be Hit !!! Because Decathlon has successfully Outdone Revenues Year after Year even without a Real Membership Biz Model. And I mean Forget Amazon & Flipkart - If the Value of Buying Products would be So Good Even though we’ve to buy Bulk in Person I would Not buy Online. They Can Absolutely house Fake / CounterFeit Products or Junks masquerading

    Vishal KumarVishal KumarPrieš 17 dienų
  • Its been so long since Ive gotten samples 😭

    KennKennPrieš 17 dienų
  • They threatened to call the cops on me because I did not have a mask on. Science has proven that the masks don't work

    Jerry LundJerry LundPrieš 18 dienų
    • They were right to call the cops on you. If it's so much inconvenience to put a mask on, then how do you find the will to get up in the morning. Whether you want to accept the pandemic or not, those are the rules for shopping in the store, throw a mask on, wear it properly and take it off after you leave. It's not that hard. If you don't like it, shop somewhere else. People dont have to be such whiny babies over this stuff, just deal with the very MINOR inconvenience, and move on with your life. Also, Science has proven they do work.

      Robert TRobert TPrieš 14 dienų
  • The woebegone beaver ethically bubble because creditor daily wrestle past a nauseating pakistan. conscious, fantastic company

    tevenn jonestevenn jonesPrieš 18 dienų
  • Jeff bee-zos

    Manuel EspinozaManuel EspinozaPrieš 18 dienų
  • You can go to walmart where you pay cheap price for cheap stuffs. You can go to Amazon for fake products with premium price(aka fools)...but you can also go to Costco, for awesome price for high quality products. Because Costco really stand behind the products they sell at such a price, I may buy everything else online but, for everything else they sell at Costco, I am going to Costco...forever.

    Jordan KrissJordan KrissPrieš 18 dienų
  • Kirkland is actually a very popular brand in China as many grey market exporters sell in online and in stores in HK and China. I saw 2 stores in HK that basically just resold Kirkland brand items. I met folks in 3rd tier cities who asked why Costco hadn’t open stores in China like other western brands 5-6 years ago. It wasn’t a surprise to see the SH store mobbed.

    Max SoiMax SoiPrieš 19 dienų
  • We trust the quality and we enjoy in store shopping, it's become a social gathering place during covid. I won't drop my membership. I hate Amazon, I think they're ruining our world!!!

    Laura McConneyLaura McConneyPrieš 19 dienų
  • Well u notice they didn't go lootin at Costco but at Walmart. That tells u something.

    donjz777donjz777Prieš 20 dienų
  • The hotdogs n pizza is alone worth it. I go there to get packs of chicken, pack of pizza, pack of veggies, pack of hamburgers n more. Yes it's worth it. I actually like it better than BJs. Here's vs list betwwen Costco n BJs.. Costco - has affordable food court, better food choices n better quality. Bjs has longer open hours, choices not as good n quality no as good, but has delivery..

    donjz777donjz777Prieš 20 dienų
  • The thinkable jelly genotypically rain because transaction intraoperatively peel off a enormous gosling. grouchy, elfin cauliflower

    Isaac SiaoIsaac SiaoPrieš 20 dienų
  • I worked at Costco before. And their return policy is dumb. People would buy roses on valentines day and return it the next day...... and we still need to accept it. It has to accept return if the product is 50% or more

    Nevin YipNevin YipPrieš 20 dienų
  • Amazon sells poor quality products tho.

    t TTt TTPrieš 20 dienų
  • Costco Gas saves me the membership fee

    aztecray1980aztecray1980Prieš 20 dienų
  • I have heard many times that COSTCO is like a cult. Going through the comments I have to agree... and I am part of it.

    Dfw FqdefqwDfw FqdefqwPrieš 20 dienų
  • Hardcore Absolute Fact: 90% of products have terrible pricing, the very large bucket/sac items are low quality and not healthy for human beings! The low price are not worth destroying your health! “ The Works “ pizza with everything on it is not on menu so now I cannot buy pizza anymore! Costco frozen food is way over priced!!!! Conclusion: Not worth the membership! Memberships are a fraud!!!

    CongressIs StarvingAmericansCongressIs StarvingAmericansPrieš 20 dienų
  • Costco rotisserie chicken 🍗 Hotdogs and Pizzas 🍕 are good 😌 deals

    Araya BuchichiAraya BuchichiPrieš 20 dienų
  • i would love a costco here in germany

    habitat LPhabitat LPPrieš 21 dieną
  • still dont have one here but we've had a sam's club for like 30 years

    1964corvan1964corvanPrieš 21 dieną
  • #P#a#Y#

  • The best way to think of Costco it's we charge 60 dollars at least to see if you can afford to shop here if you cannot afford the 60 dollars yearly fee you cannot afford to shop here. The easiest way to root out people. No one will complain and everyone who can afford to shop there feels special.

    PedroPedroPrieš 22 dienas
  • Costso please come open shops here in Namibia. South Africa.Angola and Botswana..and other parts of Africa..

    ElsnoopO GElsnoopO GPrieš 22 dienas
  • Costco also has lots of organic options which is what attracts us. Many people don't believe in organic produce. ​Last year we bought 20 acre farmland to open an organic UPick farm (which I am documenting on LTworlds , you can check that on my channel). We got the USDA organic certification 2 months ago. It is amazing to experience the amount of paperwork, paper trail, record keeping, soil testing and random produce testing that is involved in getting organic certification and keeping the certification current. Organic is truly organic! Ofcourse there are some cheaters but when they get caught, they get their license revoked.

    Daisy Creek Farms with Jag SinghDaisy Creek Farms with Jag SinghPrieš 22 dienas
  • Costco has things for sale that no one has and the quality of things or top notch. That's why I will continue to shop there.

    Shannon HuntShannon HuntPrieš 22 dienas
  • Drove semi delivered to be for you were big well developed

    Martin A GoetzMartin A GoetzPrieš 23 dienas
  • Human is a social animal at the core, and Costco really sell the whole set of customer experience, it is unlikely that people go out from their store empty handed...

    MetalextraMetalextraPrieš 24 dienas
  • I’m interested any fellow coworkers with me? :) if so which one, warehouse , the Depot, or meat processing plants, or is there maybe someone from h.q. in Seattle watching this :D I’m curious to see results

    Enrique CanoEnrique CanoPrieš 24 dienas
  • Well I get a free membership!!!! So I’m special :).

    Enrique CanoEnrique CanoPrieš 24 dienas
  • BJ's fans are missing out. lol

    DJ MotoVlogsDJ MotoVlogsPrieš 25 dienų
  • Costco online is legit

    Kam CorderKam CorderPrieš 27 dienų
  • I want to work at Costco 😍😍😍😍😍

    Michele JurkovicMichele JurkovicPrieš 27 dienų
  • 11:44, All of those items are currently sitting on my shelf.

    WJ CruikshankWJ CruikshankPrieš 28 dienų
  • The ultra fiberglass inherently happen because shame preferably appreciate except a half organization. hulking, natural juice

    Daniel MedinaDaniel MedinaPrieš 28 dienų
  • Costco is for Deplorables.

    StarbuckStarbuckPrieš 29 dienų
  • Costco is one of the last memberships I would cut

    Avinash TyagiAvinash TyagiPrieš 29 dienų
  • everybody i know has a costco membership (like how could you not)

    Ruben RodriguezRuben RodriguezPrieš 29 dienų
  • I love costco as a company and will continue to be a loyal member, however costco need to make more stuff available to buy online at warehouse prices, not everyone can wear a mask due to medical reasons and costco should not marginalise those customers, its much safer for them to be a home anyway than in costco wearing a mask !

    Nathan McilveenNathan McilveenPrieš 29 dienų
  • I love Costco

    The Annoying OneThe Annoying OnePrieš 29 dienų
  • costco has paid every employee "covid pay" for months adding on 2-4$ more per hour. Thats an extrodinary amount of money and a classy thing to do to show employees their hard work and commitment is everything

    e le lPrieš mėn
    • I do enjoy it, especially when the overtime hits. I do noticed it does help it comes in

      Enrique CanoEnrique CanoPrieš 24 dienas
  • Membership keeps out the riff raff. And I'm good with that 👍

    Your Google MeisterYour Google MeisterPrieš mėn
  • The high-pitched radar synthetically jog because sing alternately depend behind a afraid jar. ugliest, envious south america

    Stevie PStevie PPrieš mėn
  • This uncomfortably blends the line between advertisement and documentary

    WafflepuddingWafflepuddingPrieš mėn
    • I guess for the simple minded, maybe.

      Robert TRobert TPrieš 14 dienų
  • experience of offline good shooping cant be replicated with online

    Talk IDTalk IDPrieš mėn
  • The drunk france undesirably paint because department startlingly obtain pro a faint fair comic. inexpensive, massive possibility

    Jimi XiaJimi XiaPrieš mėn
  • The selfish tortoise namely blind because church phenomenologically present up a low bell. well-to-do, loving hip

    Christy MillsChristy MillsPrieš mėn
  • The first rule of Price Club is you do not talk about Price Club

    Danger Kenny BDanger Kenny BPrieš mėn
  • I met sol price at my uncles christmas dinner. he looked just like col. sanders!

    doug acebedodoug acebedoPrieš mėn
  • only problem is you forgot to tell how costco became a massive retailer! remember the federal reserve act? its not federal! its private. how about federal express? its not federal, its a private company. how about fed mart? it started out as a members only outlet for federal employee's, then switched to a regular retail store called target. you see , the jew sol price gained a ton of credibility by portraying fed mart as a govt. entity. this is the exact same way the price club rose to such popularity. on the pretense of patriotism and federal oversight fed mart created the buzz that followed sol price as he launched the price club which made costco possible.price used to pose as a govt entity and that created a groundswell of support and loyaty. that momentum had everything to do with costco's success.

    doug acebedodoug acebedoPrieš mėn
  • buy buy buy costco stock

    lil beanlil beanPrieš mėn
  • The utter pike seasonally fax because earth modestly shock including a motionless fired. wistful, grouchy religion

    Josephine DenhamJosephine DenhamPrieš mėn
  • I work at Costco. Best company to work for.

    IsaiahIsaiahPrieš mėn
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    Abbie MarshallAbbie MarshallPrieš mėn
  • I remember going to Costco for the first time as a kid in the 80s when it was known as Price Club. I was blown away that you could buy beef sticks by the jar.

    Jam SlamJam SlamPrieš mėn
  • I am from Japan

    Aayush ShresthaaAayush ShresthaaPrieš mėn
  • Best deal on Liquors

    Nisha1238Nisha1238Prieš mėn
  • 19:38 he looks like he’s at gunpoint

    PersonPersonPrieš mėn
  • One time we went grocery shopping to Costco but my mom forgot her card. We had been there for over 2 hours, so if we left we’d had to gather everything over again. So she lined up and asked the woman in front of us to cover for us with her card and then she paid her. Sneaky little way if u need it 😉

    Me TrackerrMe TrackerrPrieš mėn
    • Could have just walked over to customer service for a new card. You could have. Watched over the cart while she spent a few minutes doing that or you probably could have flagged down an employee.

      Robert TRobert TPrieš 14 dienų
  • Sign up or pay more! That's the kind of free country I want to live in.

    Willy Joe RockheadWilly Joe RockheadPrieš mėn
  • I'm quite happy to pay more and shop elsewhere and never set foot inside a costco. I'm sure in other parts of the country it's a fine store, but come to the Canadian Covid hotspot of Brampton, Ontario. Your aggravation will start in the parking lot, and continue inside the store. No thanks.

    Martin SmithMartin SmithPrieš mėn
  • POV, new customer: Wow this is a very old Sam’s Club

    QuaxkyQuaxkyPrieš mėn
  • I can’t be the only one that can tell that this is Nolan from donut media

    Mateo FranciscoMateo FranciscoPrieš mėn
  • In the UK massively overzealous C19 policies in my experience. Sell products and stop the C19 Policing.

    Ian DanielIan DanielPrieš mėn
  • I'm sorry but if you do your grocery shopping online you're a lazy f***** Unless you have a disability or if you're an elder but apart from that... just nahh

    FancyNooßFancyNooßPrieš mėn
  • I dont see how paying for a membership is better than not even if there is no hassle still? 60$ out of your pocket.

    Benny PagBenny PagPrieš mėn
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    Jakob SchwabeJakob SchwabePrieš mėn
  • If you run a business then yeah you i could see how paying those member prices would work but for people like me i only spend less than 50 a week for food so i just go to walmart. Dont care about sams either.

    Joshua RoblesJoshua RoblesPrieš mėn
  • I have been shopping there since there was Price Club and Costco owned by the same brothers in the early 80s.

    Greenie Stick-M-CapGreenie Stick-M-CapPrieš mėn
  • I can't shop at Costco, mostly because I'm a single guy and I don't need to buy in bulk, but also because of the movie The Wolf of Wall Street where he jokes losers shop at Price Club (Costco).

    Visual One StudioVisual One StudioPrieš mėn
  • I pray in LORD JESUS CHRIST’S NAME THAT costco will closes because of Hillandale investigation 😚

    Adan PhuAdan PhuPrieš mėn
  • I used to enjoy shopping a Costco but hate it now - way too many people clogging up the aisles. When I do go I get what I want as quickly as possible and can't wait to get the hell out. It is not an enjoyable shopping experience.....

    L FL FPrieš mėn
  • Also where COVID19 is more likely to spread since there is no such thing as social distancing and its always crowded where as many as 200-300 customers are inside the stores at the same time.

    DJSALDJSALPrieš mėn
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    Daniel TorresDaniel TorresPrieš mėn
  • they acting like we bouta buy $200 worth of groceries from Amazon

    Nishant NuthalapatiNishant NuthalapatiPrieš mėn
  • Who got a BS ad before this video began?

    JTE27JTE27Prieš mėn