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by ProjectArcturis
1107 days ago
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Costco has a fairly unique retail model: it charges a fixed markup on just about everything, and aims to basically make money only from its membership fees. That means if a supplier comes along with a hot new item that wholesales for $25, while other retailers will spend their energy trying to maximize the price they can extract from the consumer, Costco will instead work with the producer to get its price down even further, and pass along the savings. Is there room for a similar model for internet-facing businesses? Could you have a company that focused solely on optimizing user experience, rather than short-term profit? What would Google, Amazon, Reddit look like if they acted like that? |
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The internet is slowly becoming less wild west and more Ohio. I will be sad to see it go, but it has some perks too.