Shh... don't tell Jeff.

@Ali-vh9bz

4 жыл бұрын

Jeff? You meant Joe?

@waltdisney3937

4 жыл бұрын

@@Ali-vh9bz no CEO Of Amazon

@saosaqii5807

4 жыл бұрын

PolyMatter mah name is Jeff

@shreyasjv4877

4 жыл бұрын

The reasons Polymatter made this video:- 1. @ 2. @

@shreyasjv4877

4 жыл бұрын

The reasons Polymatter made this video:- 1. 04:45 2. 07:11

I’ve worked at both Amazon and Cosco. At Cosco they treated me like family, at Amazon they treated me like an animal.

@lightlysaltedcalmingvlogsa7286

3 жыл бұрын

Fuck Amazon

@ilo3456

2 жыл бұрын

@@lightlysaltedcalmingvlogsa7286 I would say fuck Amazon if they weren't the only way to get so many niche products here in Mexico at MSRP and with free international shipping in most cases with Prime.

@EricCummingsNB

2 жыл бұрын

Great comment 👍🏻

@ungusbungus2486

2 жыл бұрын

That’s cuz of jeff

@greengamerguy623

2 жыл бұрын

Then stop wearing masks

"If Costco is unsatisfied with a product, it just creates its own." Damn okay.

@BornotB-ij9xk

4 жыл бұрын

Arm Knee “Fine, I’ll do it myself”

@BingQilin

4 жыл бұрын

and thus Kirkland was born

@johnnytran4365

4 жыл бұрын

Kirkland isn’t half bad though. I like their water to be honest and it’s a lot too

@ruvin7023

4 жыл бұрын

Kirkland is amazing! It's affordable and great

@airwiki

4 жыл бұрын

@@ruvin7023 i never said it was bad

Basically Costco is playing the long term game at the expense of short term profits. And it shows year after year.

@poweraccountabilityleague6877

2 жыл бұрын

I wonder how their business model is doing now that the plandemic has convinced stupid people (aka people) that leaving the house is what fools do.

@gonzaloenrique8741

2 жыл бұрын

@@poweraccountabilityleague6877 They're a public business so you can actually find out. For FY 2020, they had an EPS of 9 dollars, which was a 9% increase from 2019. The 12 month trailing EPS on March 31, 2021 is 10.64 dollars, which is a 27% increase year over year. So they're still doing pretty well. Costco really is a nice stable company.

@scotcoon1186

2 жыл бұрын

I read about them probably 15 years ago. The article said everything in the store is priced 17% over their price, they pay better than other retailers, wall street is always after them to cut labor costs, they often buy a truckload of product other companies cancelled the order on, which lets them buy cheaper, the CEO can often be found working in a store, and his contract is only 3 pages- not the typical hundreds.

@spencerweiss6337

2 жыл бұрын

My family has shopped at Costco for as long as I remember. It has saved us thousands. My sister and I both purchased a membership. Our kids probably will too, if it keeps on being the same Costco we know and love

@iamwhatyouseeinyournightma708

2 жыл бұрын

@@poweraccountabilityleague6877 oh my god what? Please tel me you wear a mask and at LEAST know COVID is real.

costcos is proof that designing a business putting quality before profits can be quite profitable and sustainable...

@chad1755

2 жыл бұрын

I think you missed the point. Costco is not putting quality before profits. Their profit model is just not comprised of pure markup. Any business that doesn't put profit first eventually collapses on itself. Profit is the sole purpose of business.

@kingjames4886

2 жыл бұрын

@@chad1755 w.e. dude, I'm going to get some free samples.

@Tenshi6Tantou6Rei

2 жыл бұрын

@@chad1755 to be fair the costco model is the less shitty way to do that than say the Walmart model

@deenil

2 жыл бұрын

@@chad1755 the point the person was trying to make is they don't chase short-term profits or get profits at the expense of either employees or customers

@progenitor_amborella

2 жыл бұрын

@@chad1755 true, but you could also argue that by making a profit they are able to invest it back into the betterment of the company at whole.

1.50$ for hot dogs and knowing they take care of their employees.. take my money

@BornotB-ij9xk

4 жыл бұрын

Literally pocket change,plus,the hotdogs are good af

@littleboi6437

4 жыл бұрын

Yea the hot dogs are like top tier for me

@amyk3590

4 жыл бұрын

You forgot the $1.5 hot dog also comes with a soda

@blueflamingo70

4 жыл бұрын

They’re actually LOOSING money on the hot dogs

@Joe-bm4wx

4 жыл бұрын

I wish they still had the polish sausage

“Millennials didn’t kill your business, you failed to move out of the 18th century.” The tea is sweet today.

@magnumtrooper17

4 жыл бұрын

is that an avatar reference?

@pygmalioninvenus6057

4 жыл бұрын

That wasn't the actual quote

@MrPresident1878

4 жыл бұрын

PIPING HOT

@wauliepalnuts6134

4 жыл бұрын

*_ACTUALLY, MILLENNIALS DID KILL THE BRICK 'N MORTAR BUSINESS BECAUSE MILLENNIALS ARE CHUBBY AND DEPRESSED PISS ANTS THAT ARE TRIGGERED BY ANYTHING AND EVERYTHING THAT HAS A PULSE AND/OR WIKIPEDIA ENTRY, SO THEY RATHER JUST STAY HOME AND BUY SHIT ONLINE AND REPLY TO KZread COMMENTS THAT REFER TO THEM AS "CHUBBY AND DEPRESSED PISS ANTS"._*

@nathanlevesque7812

4 жыл бұрын

@@wauliepalnuts6134 Please seek help.

I support Costco mainly for how they treat, pay and invest in their employees unlike Amazon or Walmart.

@alexscott6095

2 жыл бұрын

Same here, the nearest Costco to us is about 1.5 hours, Sam's club is only 30 minutes from us. We would rather drive the extra distance and bring coolers for perishables soley because Costco is better to its employees.

@craiga2002

2 жыл бұрын

Walfart warehouses (here in urban areas) have a 94% yearly turnover in employees. I lasted two years, and regret every minute of it.

@SuperMysteryboi

2 жыл бұрын

my aunt makes 6 figures for being a massage therapist w them for 12 years.

@audraeden8923

2 жыл бұрын

@Geek37 thing to do there is relay with neighbors and friends. If you’re picking up two cases, you can pick up four. Deliver to church hall, cellphone when it’s there. We have just witnessed how shockingly unfamiliar we are with distribution. Not familiar with Costco’s delivery, least not for food. I had t-shirts to return, looked for pesky receipt. The receipt was online in my saved orders…This Receipt? So I returned with a created label, and took it to a UPS drop box. 25 minutes later, returned home, my completed return was in my email. How’d they get that little clerk in the Dropbox?

@emyyyxx

2 жыл бұрын

as someone who works at costco, this is very true. we get time and a half every Sunday, paid holidays (our stores close), we get so so many benefits and the people that work here almost always are great people

My head almost exploded when he mentioned 21 dollars per hour... this business does everything that seems self destructive but has the opposite effect, but succeeding with such high wages like this is just too impressive.

@mutantmagnet

2 жыл бұрын

Don't forget that was 2 years ago. The average had to have gone up so I wonder by how much.

@Thr3leven

2 жыл бұрын

@@mutantmagnet If it follows inflation, 21 dollars in 2019 is 22.90 dollars today.

@creativecraving

Жыл бұрын

Keep in mind that it's an average. The CEO makes more and the entrl level store employees make less.

@reeddeer793

3 ай бұрын

@@creativecravingwow! Welcome to every single business, from local electrician companies, to massive international enterprises.

Also impressive is the fact that Costco don't spend a dime in marketing

@ace7225

4 жыл бұрын

Fully Boricua they spend two cents on marketing.

@BornotB-ij9xk

4 жыл бұрын

Fully Boricua no need for marketing when you KNOW you’re the best

@666dynomax

4 жыл бұрын

yeah really... isnt that neat... maybe a little on a flyer you get on the way in to the store... they really do lure people with the gas and propane... i'm surprised most of their profit comes from membership

@RealHankShill

4 жыл бұрын

No need for paying for it when youtubers will make videos for free :D

@killy3176

4 жыл бұрын

They actually do spend money in marketing as I get in the mail a lot of it

This has to be the best Costco commercial in existence. They should pay you

@hypergamyusa1376

4 жыл бұрын

@Bac C Walmart is ghetto af. They have shit vendors and everyone there is obese as fuck. Whole food is expensive af and just organic fluff. Costco at least has high quality vendors and products

@DJRenee

4 жыл бұрын

You ain't lying. I'm buying a membership tomorrow.

@ninja8077

4 жыл бұрын

@@jackie9190 Tiffany sued Costco because of a blurb of text on jewlery signs. It was the Tiffany setting but since the word "setting" was missing, they won because of it. It wasn't out of malice or attempted thievery, mostly just an oops that Costco paid for.

@HiBye-yt2xb

4 жыл бұрын

Costco is a chinese government storefront

@matnat21

4 жыл бұрын

gittyupalice96 L

I work at Costco and love it. One thing that is touched on at the end of the video to expand on... We don't lose people. Ok we do, but Costco's employee retention rate is insane. They give you inexpensive high quality healthcare so that you will use it and stay healthy. They pay you well, and keep their hours reasonable so that you can have a life outside work. If you are constantly losing and replacing people your business suffers greatly.. Mistakes, customer service, efficiency. One trained, experienced person that feels valued will do a better job than three who do not.

@parsatayebi7652

2 жыл бұрын

That's why at Costco on the wall they have a post of legacy employees, and some of them have worked there for like 30 fucking years and like their job + have legitimate financial security

@ixcutamp8059

2 жыл бұрын

In Costco México you can see tons of employees with 25+ years on the company.

@moonbladem

9 ай бұрын

I wish many corporations would grasp this simple concept. Treat their employees with respect, pay them well and offer awesome health and dental, vacation and other benefits and in return they'll have loyal employees who will do their damnest for them. Win-win.

Buying things at Costco is like someone already filtered out garbage. You can trust that you're going to have good experience with the new product

@therealnynetynyne360

2 жыл бұрын

Idk how many times I tried their brand and it was just as good if not better only gripe is their Mac and cheese lol, hard to duplicate kraft. Good thing they normally have pallets of kraft too

@jerradwilson

2 жыл бұрын

True. I recently bought a humidifier from Costco online, and it was nice just having a few good options, as opposed to Amazon with hundreds of offerings that I have to read reviews on.

@bookshelf5759

2 жыл бұрын

Not always. The Kirkland granola bars are disgusting

@Bacon2000.

Жыл бұрын

​@@bookshelf5759 nawww mam

@reeddeer793

3 ай бұрын

@@therealnynetynyne360Kraft mac is nasty af

Costco almost eliminates choice paralysis - the paradox of choice. Fewer choices = less anxiety = happy customers

@malbowz1257

4 жыл бұрын

Aldi is the same way. Very little choice, yet the stores are always jam packed.

@yonmoore

4 жыл бұрын

I love that about Costco and Aldi!

@michal5642

4 жыл бұрын

Also, there is no need for more choices. Bruh, I am not an olive oil connoisseur just give me a big jug, same with shredded mozzarella and many other products.

@Inbal_Feuchtwanger

4 жыл бұрын

When all of the choices are quality brands for good prices that isnt an issue!

@SteamAlchemist

4 жыл бұрын

Truly a paradise. 1000000 options of flakes at store is just killing me -_-

I know a guy I grew up with that works at Costco and last time I heard he loves it. When you treat your employees right they will move mountains for you, I don't understand why it's so hard for business owners to understand that.

@MainerdLoyd

4 жыл бұрын

@Rob M For one day. Black Friday the rest of the year they are dust magnets.

@twipsblipsy

4 жыл бұрын

That1 Guy location does factor into the quality, i’ve seen really nice walmarts in nice neighborhoods on par with targets. it’s just that most walmart’s are in low income areas

@shoersa

4 жыл бұрын

It is a very difficult concept for business owners to get their heads around!

@jordanvannortwick9426

4 жыл бұрын

Because paying high wages costs a lot more money. Saving as much money as possible is the incentive of pretty much every company on Earth. Costco is special because of its business philosophy, which creates loyal customers, productive employees, and high quality products, almost exactly like Toyota. Dodge-Chrysler-Jeep is like Walmart. My grandmother only buys Toyota vehicles and shops exclusively at Costco.

@lauraalmasan3930

4 жыл бұрын

I know someone that works for Costco and she loves it. They have great prices and excellent customer service.

I'm constantly amazed at how fast you can check out of Costco. 2 employees at every register. Simple but brilliant, reminds me of stores years ago with checker and sacker.

@scotcoon1186

2 жыл бұрын

HyVee is the same way. Walmart, you're lucky to have two cashiers in the store, and then people line up to work for free and without worker's comp.

@gregnixon1296

2 жыл бұрын

My Costco has at least 10 self checkouts. Love it. Helps cut down on the waiting in line. Fewer workers are required too.

@wxx3

2 жыл бұрын

When Costco opened it's first Manhattan store about 15 years ago, they had an even quicker than usual check out line. When we asked them why? They said they know New Yorkers hate wasting time. How true and why they are so successful.

@coffee4682

2 жыл бұрын

You can pull up to the checkout, look at the line and think you’re a prisoner to Satan before you’re swiping your card 5 minutes later

@s315346

2 жыл бұрын

Proper staffing works wonders

i work at costco and its actually a dream job. makes you comfy with a good pay and good benefits, plus you can actually move around to as many depts as you like, so youre not stuck working in the same place in the warehouse forever

@anneonymous4884

2 жыл бұрын

I'm just speculating, but that might be a way of fostering human capital. A potential manager who has worked in multiple departments could be quite useful.

@Boydswan

2 жыл бұрын

@@anneonymous4884 thats correct!! they value people who are cross trained in multiple depts, and if you can show them that your capable of taking on extra work, you have a better chance of moving up!!

There's a story where during a conference with some of the higherups at Costco, it was pitched that the price for the hot dog and drink combo should be increased to match inflation. It caused a fight and the founder had told the current ceo "If you change the price of the f*cking hot dog, i will kill you"

@westakahashi5487

3 жыл бұрын

It gets people in the store.

@uncreative5766

3 жыл бұрын

Ikea does the same thing with their food, too. Yeah, Costco and Ikea are losing money on those hot dogs, but they know they need to keep customers inside the warehouses to sell any products. Plus Costco is genius for putting their food courts at the register to make people think they should get a quick bite. I can't speak for Ikea, since the last time I went to one was maybe 17 years ago.

@cy-one

3 жыл бұрын

@@uncreative5766 Ikea also has their "Hot Dog and other fast food stuff" (not the restaurant) behind the registers. You'll usually get there after you're done with your shopping and might be waiting for larger items being delivered to the takeout area.

@jimjolly4560

3 жыл бұрын

@@uncreative5766 I was in Ikea the other day. No lunch, so I tried their hot dog- a mistake. Not a patch on Costco's!

@privacyplease5164

3 жыл бұрын

@@jimjolly4560 no way Ikea has this veggie dog that’s delicious with the toppings and regular one that’s alright, but the costco is bigger for the price

Costco is better because you can't eat rotisserie chicken at amazon.

@overloader7900

4 жыл бұрын

Do you sale hentai in Russia?

@overloader7900

4 жыл бұрын

@xlkatz well, guess I'll wait

@Jl777100

4 жыл бұрын

Am I the only person that hates Costco?

@overloader7900

4 жыл бұрын

@@Jl777100 Idk, there's no of costco neither amazon in russia so I don't really have an opinion

@Jl777100

4 жыл бұрын

@Dark of the knight Because I don't have 20,000 children and buying food in bulk doesn't really make much sense for me. I do however, buy cleaning products and hygiene products in bulk, but that's usually on Amazon.

You also forgot to mention how the owner cut his own salary to pay his employees alot more.

@aishatoure5788

2 жыл бұрын

Really...wow!!!

@somewing_alt9907

2 жыл бұрын

This is what society should be sometimes

@ivocanevo

2 жыл бұрын

I'm not sure the division would work out to "alot" but I appreciate the gesture and I'm a big fan of how Costco gives down and picks only on opponents its own size.

@cowboydoggo6168

2 жыл бұрын

It’s probably for tax evasion

@elongatedshrew5902

2 жыл бұрын

@@cowboydoggo6168 dude, you obviously have done 0 research, they pay their taxes and not everyone being generous has to do with paying taxes and giving money to the government. Why would you want to pay the government? I see why they don't want to obviously but they do pay. Stop talking about companies finance's without doing some research.

I canceled Prime a few months ago and just started shopping local. I know they won't miss my business, but I feel better supporting my local community

@dancahill9122

2 жыл бұрын

Thank you E-rock for dropping Amazon to support your community !

@god-son-love

2 жыл бұрын

Me too. I don't miss Amazon prime.

@mimszanadunstedt441

2 жыл бұрын

Why get prime they ship it as fast without prime usually, for free shipping just make the order $25-30

@joshguthrie7787

2 жыл бұрын

You're awesome. Amazon is horrible to the planet and its employees.

@shakal_

2 жыл бұрын

thank you for doing your part in saving this planet.

Him: "all these stores have something in common" Me: "they suck" Him: "they suck" Me: "well that was rude"

@thesege

4 жыл бұрын

You just blow up my mind

@tessellationarts2971

4 жыл бұрын

I don't get it... Explain?

@1lreese642

4 жыл бұрын

stfu dead meme

@malijames12

4 жыл бұрын

@@tessellationarts2971 1:01 he says the stores that fail all suck. I think we all agree as viewers that those stores suck, but it was weird to hear him say it on the video

Costco pizza is the real reason they’re on top

@frankmiller95

4 жыл бұрын

Five dollar rotisserie chickens as big as small turkeys. The only thing necessary to improve them is another hour in oven when you get them home.

@pbjracing14yearsago49

4 жыл бұрын

Chicken bake is great.

@pbjracing14yearsago49

4 жыл бұрын

And those $1 churro? Damn they good.

@Watrmeln

4 жыл бұрын

Don’t forget the Churros!

@alfredoalcantar8691

4 жыл бұрын

r c if your are New Yorker or Chicagoan that pizza is garbage

Don’t forget they feed you snacks while you shop 😂😂😂😂

@liviaclaire

2 жыл бұрын

Doing your grocery shopping while hungry is not a good idea. Good thing they have people covered 😂😂😂

@manictiger

2 жыл бұрын

@@liviaclaire It's also smart to keep people's dopamine levels high when they're shopping. This is why things have colorful packaging, you'll sometimes hear music, they'll give free food samples, etc. Even I use some of these tricks when entertaining guests. No food = no friends. Same thing applies to dogs and other animals.

@coffee4682

2 жыл бұрын

@@manictiger You phrase it like it’s some hidden deceptive marketing when really it’s just good business. Most businesses want you buying hungry

@manictiger

2 жыл бұрын

@@coffee4682 I never said it was deceptive. It's just conscious. Most people usually do it unconsciously. I'm just explaining it from the mechanistic perspective.

@coffee4682

2 жыл бұрын

@@manictiger Yeah, I said “phrase it” I guess I associate saying stuff in the mechanic perspective with sneakiness

Silly as it sounds, the fact that their water vending machine sells bottles for 25 cents is something I greatly appreciate

@ruiqi22

2 ай бұрын

THEY DO???

"Not by copying Amazon but by doing the opposite" So paying taxes?

@King-ts8jg

3 жыл бұрын

They don’t pay taxes cause they technically don’t make a profit

@louisazraels7072

3 жыл бұрын

@@King-ts8jg And taxes on capital gains are lower, which is an absurdity.

@King-ts8jg

3 жыл бұрын

@@louisazraels7072 well it long term capital gains That’s also how they don’t pay taxes

@gholland5840

3 жыл бұрын

@@louisazraels7072 Capital gains has nothing to do with whether Amazon pays taxes. This is just corporate income taxes.

@gholland5840

3 жыл бұрын

@@louisazraels7072 Also, why should we tax someone selling their home as if they had 600k in income that year?

I studied Costco in my business management class in college. They really know what they are doing, even 5 years after the fact. Good job Costco.

@burgerwitheverything9247

4 жыл бұрын

5 years after what fact?

@09ThunderOne

4 жыл бұрын

Burger WithEverything studying them in business management class

@ferretace

4 жыл бұрын

Are there any books you would recommend about this?

@zachcushing-murray2663

4 жыл бұрын

High volume, low profit margin is a hell of a way to earn customer loyalty while still being profitable.

@goosenuggets9693

4 жыл бұрын

@@zachcushing-murray2663 Even without the profit made off of products... Costco membership fees add up to over 7 billion a year. After paying back initial startup fees such as: development fees, Kirkland Signiture costs, etc. That adds up to a lot of profit.

Costco has been SO good to me and my family for the past 20 or so years. It's really that good. The amount of money we've spent on their churros alone must be somewhere in the upper triple digits.

@colemorgan1823

2 жыл бұрын

What’s a churro

@Lucas-po6mn

2 жыл бұрын

@@colemorgan1823 spanish pastry

@Snow-ej5fm

2 жыл бұрын

man i wish they sold their churros everywhere. would drive 5 hours to the us to get em

What amazes me is that even in Australia, it still costs $60. What also needs to be considered is that it’s in Australia Dollars and at the current inflation rate means that it’s $45USD.

I love Costco. I'd gladly pay a little more there knowing their employees are taken care of.

@fauxmanchu8094

4 жыл бұрын

Dave Franco Me too. I love Costco.

@ronaldoseven4865

4 жыл бұрын

Costco pays better wages as a living wages for their employees. Amazon and Wal-Mart cares less of their employees. Costco is better and glad I have their member.

@vanessanguyen95

4 жыл бұрын

Oh I know! The difference in staff attitude is striking between Walmart and Costco. I would like to at least feel welcome when I'm at a grocery store, not an inconvenience. Love Costco!

@DovidM

4 жыл бұрын

How do you know how well Costco employees are being take care of?

@frankmiller95

4 жыл бұрын

@@DovidM lt ain't particle physics. As the video states, they're paid twice the industry average, with generous benefits and they're obviously more satisfied with their jobs.

No lie I just considered getting a Costco membership just from watching that video.

@NoName-ss8pm

4 жыл бұрын

It's worth it.

@jamestill4172

4 жыл бұрын

Find a friend or family member that has a membership and just tag along with them for a visit. Bring physical cash, you will find things you want. Costco really is next level, you'll love it.

@ThatGuy56326

4 жыл бұрын

Better than Walmart i can go into costco knowing that im not going to get shanked by some 40 year old man wearing a #24 basketball jersey and a woman’s skirt.

@fredjackson8408

4 жыл бұрын

50$ a year is worth it. I literally buy toilet paper twice a year now 😭

@fredjackson8408

4 жыл бұрын

@@jamestill4172 why physical cash? I've gone with family and friends (before getting my own membership) and was swiping my Visa like nobody's business.

Hey, about 10 years ago when one of the Florida Gulf Coast fuel pipelines went down, Costco was one of few places one could still purchase gas and they did not price gauge. We did not notice any interruption in fuel availability thru Costco when other big operators sold out. Also, during one of Microsoft's Win 10 updates, the one that introduced pins for sign-ins, we were completely locked out of our office computers. Thankfully, the computers were purchased from Costco and the Costco Concierge service was able to get us back in and working. Also, I am glad that Costco's warehouses are airconditioned, unlike Amazon's. Every time I ordered from Amazon, or listened to music on the site, I wondered how many people I hurt along the entire supply chain. I don't feel that way when ordering online from Costco or when I visit the friendly, clean warehouse. That Costco fee, to me and our businesses, is insurance, which directly supports the powerful Costco purchasing network and for the great Costco employees. Amazon's fee, IMO, is used to enslave its employees, and apparently some of its suppliers, under horrific working conditions. I can't support the Amazon model. No f'ing way. If you can't get if from Costco, do you REALLY need it?

Costco's founder also threatened the current CEO when the CEO proposed raising the price of the hot dog combo meal with "If you raise the [price of the] effing hot dog, I will kill you. Figure it out," I love that attitude about Costco and they've always been customer first, I will gladly pay that membership fee to support that mentality :D

Costco is almost a culture in itself

@ynie1

4 жыл бұрын

It's because you never have to worry about quality! The consistency of knowing that you're buying from them it's the best quality items at the lowest prices has kept me as a member for the past 15 years.

@meyomix2816

4 жыл бұрын

Welcome to Costco, I love you.

@Poorgeniu5

4 жыл бұрын

Ahh yes! The Chicken Bake has spread our influence further!

@arthas640

4 жыл бұрын

It is a whole unique business model and corporate culture. It's large scale wholesale but unlike most cash and carry businesses they cater heavily towards consumers rather than mainly towards businesses _but_ they still maintain a large clientele of businesses. They manage to mix both bulk wholesale and smaller selections as well. Unlike most retailiers they also maintain great pay and benefits towards employees which leads to fierce competition for any openings, which gives you the pick of the litter for employees, and they also try to keep the same employees which leads to loyalty. They also care about customers and earn their loyalty with things like their cafeteria selling the same foods for the same price and not cutting quality. That's a small idea that has huge impacts: i know quiet a few small business owners who were dirt poor at one point, in some cases recent immigrants, who had nothing and couldnt afford food and sometimes didn't have cooking facilities to prepare fresh cheap meals and Costco cafeterias were a cheap ready source of somewhat healthy filling food. When they went on to open B&B's, gas stations, convenience stores, restaurants and similar businesses they loved Costco and bought all their products there. Immigrants who moved back home brought back a love of Costco and that lead to a demand for stores back home. I even heard a story of a guy who loved Costco when he was studying in the US that when he moved back home and became wealthier he convinced them to open a store up and helped manage it in his home country, which was the first store there. Many entrepreneurs have also copied their businesses models of customer/employee loyalty over blind profits to great effect.

@marioalvarezvilla2464

4 жыл бұрын

I love that i live 15 mins away from it. It's not the best for fresh produce but buying everything else in bulk is great.

Costco also treats it's employees like people instead of expendable cogs unlike amazon. Just sayin.

@tristantheoofer2

4 жыл бұрын

if there was a costco where i live id gladly work there doing part time in a few years (im 12 1/2 rn), mainly because of the high wages and good benefits.

@Mii.2.0

3 жыл бұрын

@@richardjames1431 Piss off capitalist pig. Communism will win! #FeelTheBern

@Mii.2.0

3 жыл бұрын

@@johndoe-eh3tv Ikr? They're all slaves to the system.

@Mii.2.0

3 жыл бұрын

@@richardjames1431 What?

@mauleshkantharia266

3 жыл бұрын

@@Mii.2.0 animal farm George orwell Book by george orwell

I will also say, having worked on the food and edibles manufacturing side Costco is also supremely fair with their suppliers. They set high standards upfront and don’t try to gouge you on prices or try to take over until they are your sole customer so that they can then put the screws to you later.

Canceled my prime membership last year. My Costco membership is still going strong.

@whichri79

2 жыл бұрын

I'm the opposite, lol

@zoner__

2 жыл бұрын

Gotta have both

Costco actually pays their employees living wages. Also, my contact lens purchase was cheap enough that the membership price didn't even matter.

@alfredoalcantar8691

4 жыл бұрын

PriusRaj 15 dollars in hr is not a living wage

@bayanzabihiyan7465

4 жыл бұрын

@@alfredoalcantar8691 For a single individual living in a small apartment. Its perfectly fine. Myself and my 2 roommates have each spent $4200 over 4 months. $1050/month is what it costs me to live. $15/hr is around $2000 a month. (Apartment total rent is $2200). The video also said $21/hr not 15.

@mtadams2009

4 жыл бұрын

@@alfredoalcantar8691 Did you not watch the video, it was much more than 15 dollars an our.

@waltermh111

4 жыл бұрын

@@alfredoalcantar8691 I lived just fine on $12/h. There is no such thing as a living wage. It depends on your area, your lifestyle, and your other life choices. You are not owed your own single bedroom apartment. You are not entitled to it, and you arent living a bad life if you share with others. If you want to live the good life, work for it. If you only stay at a $12/h job for years, then it is your own fault. I started at 10.50 per hour and living in a dorm. 5 months later, I moved to make $11/h but with higher earnings potential with over time and shared a house with 1 other person and was still able to save money. A year after that, I moved to another state to make $12/h but with great potential for even more money due to the companies many opportunities and much better benefits with 401k and even better insurance and other yearly bonuses. After 8 months, I took a Lead position making $15.90 / h. I have shared a house with 3-4 others for the last 1.5 years and now I am transferring to another job in the company which pays a little less but has even better benefits and better raises. Within a year of starting in this new position I will be at $17/h, not including the option to become a Lead there also. Within 5 years of starting this journey, I will be at $20 per hour with great overtime options, multi-thousand dollar yearly bonuses, great 401k and cheap insurance and other benefits. All because I worked for it and made my way there instead of being entitled. I am now in the lower middle class and by the end of 2020, I will be in the solid middle class, making $50-60k per year and by the end of 2021, guaranteed making $60-80k with the option to move to a lower cost state and owning a house

@clarifyingquestions

4 жыл бұрын

And the CEO takes a pay cut.

Costco: One for All Amazon: All for One

@realmdarkness

3 жыл бұрын

My Hero Academia approves

@readabookdummy

3 жыл бұрын

Underrated

@Tob56

3 жыл бұрын

Need more comments like this.

@gilgamesh3328

3 жыл бұрын

OK, so if Jeff Bezos is Richelieu, who's d'Artagnan?

@Olivia-W

3 жыл бұрын

That's so accurate lol.

One of the things I really like about costco is that it sorcess its meat ethically. I was looking for ethical farm raised salmon, and along with all these names at all these specialty stores, there was costco. It was a pleasant surprise, because I'm not in a position to be competitive with my money and only shop at organic food stores and stuff. So knowing I have that option really puts my mind at rest. Also from my brief internet search they only use recyclable plastic and source their paper products from renewable sources. Overall I love what they do.

This made me wish we had Costco in Sweden. As mentioned, if their incentive is to make me renew my membership, then I will have good service, cheap prices, and not get fleeced into making purchases I regret.

@AquaFerva2985

2 жыл бұрын

Apparently they're planning on opening in Sweden in 2022

@midimusicforever

2 жыл бұрын

@@AquaFerva2985 Really? Sweet!

Costco is the best. I had a moldy peach and they refunded the whole box, they're cafeteria prices havent changed in the 25 years I've been going there, and even their store brand (Kirkland signature) is cheap AND great quality where all other store brands are just plain cheap. And what he said about the employees is very true, most people who start working for Coscto never leave because management wants them to be happy, they pay well, and give good benefits. I know people whove worked at their store since it first opened 20+ years ago. When they opened a new costco a few years back they had nearly _100 people_ apply for _each position._ when's the last time you've seen any retail store anywhere do even one of those things?

@honkhonk8009

4 жыл бұрын

True. I love how boring the store looks but everyone knows that behind that boring face you see a bunch of cool shit

@rgbglass7163

3 жыл бұрын

Lol, my dad returned a churro to the item return place because it was stale🤣

@luanngoodwin3648

3 жыл бұрын

Read what is in there food artificial preserves addatives,color danger danger, artificial fiber, if it is in package please Don't buy ! Read read Read what to buy fresh vegetable fresh fruits fresh meat !!!Not from a package!!!! Make your own food!!!!!! Iam sorry to jump on this company! You see thay have a chance to get it right,thay try. Be well American,much love from an American.

@OKayD3N

3 жыл бұрын

Their

@matthewtopazio3771

3 жыл бұрын

A broke college students dream would be working at Costco

Polly matter 2018: not everyone should code Polly matter 2019: It's perfect time to learn how to code

@beepbep4302

4 жыл бұрын

2020 I am code

@pratyaydas5023

4 жыл бұрын

@@beepbep4302 XXD

@meschuggemil

4 жыл бұрын

>"polly matter"

@theajayyy

4 жыл бұрын

The power of sponsors

@BloodSprite-tan

4 жыл бұрын

bruh, if you're going become a programmer, you should already know that. stop with the stupid ads. i already know programming is almost as hard as learning a new language, if you're up to it you can totally do it. but it's a life choice, you have to make sure you're committed. it's the perfect time to learn mandarin go ahead.

When we first moved into a city with Costco's, mom told us that she's wont join Costco membership, sounds expensive. She was just gonna tag along and shop with her friend. A month later she bought a membership herself. Just being able to abide people with membership is such a win win deal. We get to shop in Costco without buying membership, for Costco it's a gateway drug. Really incentivizes first timers. Its products might not be the best, nor got the most variety, it's perfect for middle class families like us. We do most our grocery shopping there. Their gas station too, if we know we're going to Costco soon, we'd wait till then to fill up at Costco's gas station. And for us Asians, it's a great place to discover American products

I love Costco, I hope they can modernize well because the vibe going there is always nice. Free samples for days

@joshguthrie7787

2 жыл бұрын

They don't need to modernize anything. Like the video said, they're not competing with Amazon because they're doing their own thing, and it works.

“All these brands have something in common. They suck.” alright then

@ronaldpicklebottom9563

3 жыл бұрын

He made it clear and simple

@shumeister1059

3 жыл бұрын

Quality product sell themselves.

@tjl2836

3 жыл бұрын

@@shumeister1059 And if they don't, just make your own better version! -costco

@diapersFTMFW11

3 жыл бұрын

He's not wrong. Sears, Kmart, RS and JCP sucked BALLS. Looked the same as 2001 no adaption or change whatsoever and terribly managed. Toys R Us I still adore but that's on account of nostalgia.

@baldbadger7644

3 жыл бұрын

I was so triggered when he implied RadioShack sucks

I don't even know why I'm watching this. I live in Nepal and there isn't a single company that you mentioned in the video in Nepal but it was weirdly interesting.

@carmenflowers818

4 жыл бұрын

Hi! Lol I don't even have a membership...I kinda want to now. Ha

@dekaredfire

4 жыл бұрын

In Indonesia although no Costco, Makro & then Lotte Mart use the same membership business model.

@OmniKoneko

4 жыл бұрын

Move to america, the best country KKonaW Clap

@frankmiller95

4 жыл бұрын

Exactly. America is getting close to the point of suffocating on its own greed, ignorance and widespread stupidity. That's spoken as an American who's been observing the decline. Half the posters here can barely speak or write a proper English sentence.

@Enemji

4 жыл бұрын

Shahil Rai - well, u have internet!

I have both Costco and BJ’s wholesale club membership. I don’t mind spending $15 - $20 on simple hand-soap if it lasts me 6-10months. Real talk, it saved me a whole much of money and time in the long run with a bigger upfront cost.

@Sypherz

2 жыл бұрын

So many people forget about the time, gas $, and wear and tear on your car to run all over to get the "deals".

@dancahill9122

2 жыл бұрын

@@Sypherz Wear and tare on your car ? WHAT ! ! You mean to tell me you're traveling 100 miles, one way, to get to the closest Costco ? Tell me it ain't so !😂😂😂😂😂😂😂😂😂

@Sypherz

2 жыл бұрын

@@dancahill9122 Don't be naive. Every time you drive your car you are causing wear and tear - why do you think they measure maintenance schedules in mileage?

@protoman1365

2 жыл бұрын

@@Sypherz you mean like literally going to any other store, or to anywhere you’d like to go? The wear and tear argument is nonsense.

@Sypherz

2 жыл бұрын

@@protoman1365 It isn't nonsense, it;s reality. Going to one store, versus chasing deals all over the city saves money in gas, time, and wear and tear on your car. It's really not that hard to understand.

Even my 2 year old gets excited to go to Costco. Also them actually using a lot of cashier workers is golden. I never mind waiting because it never feels long. They are fast and efficient

I love Costo. I have the $120 yearly membership because I bought an amazing couch that cost $1800 that everywhere else was selling for $3000-3500. The guy at the checkout told me to upgrade my membership first so that the money I got back from the couch purchase would pay for the additional cost of the membership fee and then some (the upgrade wasn’t $60, it was prorated for the rest of the year). The people there actively look out for the members. Great quality, great people, great prices... how can you not like it?

@SWLinPHX

4 жыл бұрын

Glenn Millam: That’s something they do to try and drive up more expensive memberships but it’s not out of the goodness of their heart. One year I bought a lot of big ticket items from there like a large screen TV so I ended up spending a lot and I qualified so I agreed to let them sign me up at the register. But I kept record and I did not make enough at the end of the year back to justify the double cost of the executive membership. You have to buy at least $3000 worth of stuff a year for the 2% you get back on the executive membership to pay off. I ended up going back to the Gold Star membership at $60 a year. However I do recommend using the Costco Visa which costs nothing a year and gives you 2% back on everything you buy at Costco and Costco.com. It also gives you back 4% on gasoline and 3% back on anything having to do with travel or transportation or food and dining. Now if you do spend more than $3000 a year at Costco then I recommend you use both the executive membership and the Costco visa and get 4% back on every Costco or Costco.com purchase!

@ultimatestoryteller

4 жыл бұрын

@@SWLinPHX the Costco Visa is honestly an awesome thing to take.

@SWLinPHX

4 жыл бұрын

@@ultimatestoryteller Agreed

@HeavensLastHope

4 жыл бұрын

SWLinPHX is that 4% gas only at Costco or all gas stations?

@dickmelsonlupot7697

4 жыл бұрын

SWLinPHX It sounds kinda douchey but what you get in return more than compensate for the increase in price. It’s literally a win-win situation for everyone. You’re not gonna get screwed over.

1:12 "JC Penney forgot its customers" Wow, it's hilarious how literal that is. I used to go there with my aunts all the time but my aunts stopped going because they were tired of waiting forever for a cashier, literally walking around the entire store in a desperate attempt to actually give them money. If they didn't want to scare people away with their representatives at the registers, God forbid, they should just increase security and have the entire store self checkout, with a tiny manned returns section in some corner.

@siriusgd4753

4 жыл бұрын

Sears was the same way. You couldn't find a checkout counter and once I even tried to return a broken craftsman tool and the rep told me that the life time warranty was no longer valid. They were horribly managed and I'm glad they failed.

@nicksam5518

4 жыл бұрын

Perfectly said. My Mon had JCP on her shopping hit list every month(deal hunter). I recall her going off they became rude and cold and she was writing them off.

I don't know about anyone else, but I've never been in a Costco that was set up like a maze. The racks on the left, right, and center all line up in neat rows, food on one side, non-food on the other, and clothing and seasonal stuff in the middle.

@thomasakagi7545

2 жыл бұрын

Yeah, the Costco nearest to me is pretty neatly organized.

When I was a kid I loved when my mom took me to costco for the samples. I was conditioned to like costco from a young age. Also, costco is inviting with its food court which doesn't require a membership to eat at. You can walk right in the exit. I have family member who work there and they say that almost nobody takes advantage of it anyways. Also, Their return policy is immensely lax. You can reasonably use something like an air mattress and then return even a year down the road almost no questions asked. Costco eats the loss and makes the customer feel important and valued. Other businesses wouldn't accept a return on an air mattress the same day it was purchased if there was evidence the box was opened and the contents removed. They wouldn't touch some return items with a 10 foot pole and have a return clauses of pages on pages of legalese. At costco if its within the ridiculously long time frame and you dont want it you can bring it back.

Amazon also sells a lot of counterfeit or returned items as new.

@savvyroca

2 жыл бұрын

yes! especially supplements. It's terrible how they don't do quality control

@ayahsha7580

2 жыл бұрын

yah im done with Amazonialand

@TheFourthWinchester

2 жыл бұрын

The prices are also higher on amazon for a few years now.

@kingjames4886

2 жыл бұрын

to be fair a lot of retail stores sell returns also... I've bought so many things that were lightly scuffed or not quite packed right or the bags were opened and it's obviously a returned item.

@kingjames4886

2 жыл бұрын

@@TheFourthWinchester I guess you missed the part where I said I've bought things from retail stores that were improperly repacked...

I'm almost 30 now and I still get excited going to Costco like I did when I was a kid. This time though, I'm buying instead of my parents.

@lucamarin5421

2 жыл бұрын

i'm 18 and its adrenaline rush, teach 'em while they're young

@foxtailedcritter

2 жыл бұрын

I'm 27 and feel the same. It's weird feeling like a kid still at Costco. But Ah well it's enjoyable.

@blues03

2 жыл бұрын

I've never been inside a Costco. But I've always wanted to...

@activebanans683

2 жыл бұрын

Surprisingly wholesome

@mikewhocheeseharry5292

2 жыл бұрын

@@blues03 some locations have better floor layouts and carry more stuff. Also, the prices aren’t always the same at all locations. For instance, orange popsicles at south SF location was $9 while it was only $7 at SanFrancisco. Also, you can return anything. I had a friend that taped the receipt under a sofa he used for 10 years and took it back to Costco - not something I’d do but some people take advantage of their return policy.

I work for Costco, only thing I’d say you barely got wrong is the warehouse layout, pretty much every warehouse is laid out the same, HABA (health and beauty aids) and foods down one side, majors and hardlines (thinks pots/pans, batteries etc.) down the other side with chips/candy, seasonal, and clothing in the middle. BUT pallets do change position within the aisles every morning so individual product locations change but the store is actually very simply laid out, we drive forklifts around it needs to be a grid lol.

I think Sears always had the potential in Canada, as they had the one thing Amazon didn't... warehouse storage. Instead of being a direct shipping distributor, they remained as a department store catering to grannies.

@greganator111

2 жыл бұрын

Its funny that Alot of the Major stores that are failing or failed in the US still find purpose in Canada. Like How ToysRUs is still a functioning thing in Canada, when it has gone bankrupt everywhere else.

I am a poor, who shops at Costco every payday. Sometimes I spend all my grocery money there for 2 weeks, sometimes I spend a little bit. But I never have buyers remorse if I get it there.

@xcalium9346

2 жыл бұрын

Yeah even for low income 60 per year is really not a bad investment. You'll probably get that back by the lower grocery and gas prices. Not to mention how cheap the food court stuff is while not being shit.

@mega_game_play

2 жыл бұрын

The $60/yr can be recouped just by dog food purchases alone. No joke.

@jamersbazuka8055

2 жыл бұрын

@@mega_game_play By dog food? How about people food? If you have a dog, you're probably not low income.

@shadowofalegend8316

2 жыл бұрын

I disagree on that, gone there once as a kid with my mom and even after splitting her membership with a friend, it just wasn't worth it.

@Seth9809

2 жыл бұрын

@@jamersbazuka8055 You can have 20,000 dollars a year and be low income.

Amazon doesn’t give you free samples of food.

@TruffleSeeker54

4 жыл бұрын

Makes me think of the phrase "Costco lunch" when you get full from trying all the samples

@aypx8957

4 жыл бұрын

They do samples actually

@thealamogamer6759

4 жыл бұрын

@Shawana Washington yep!

@agonicole

4 жыл бұрын

Amazon gives me $5 off 35 .... or 10 for spending 10 at whole foods

@10509054

4 жыл бұрын

​@Shawana Washington in my case it's free since I just go in with anyone who has a membership.

Even though I’m a broke college student, I will never cancel my Costco membership. The gas prices alone make up for the cost of the membership fee, and that’s without the low prices for the everyday basics. My classmates think I’m a fool for paying 60 bucks a year for the membership but continue to spend on Netflix, Hulu, Spotify, Amazon, and food delivery services. Then they come crawling to me to borrow my card to get gas or buy some stuff, I kindly reject them and laugh at them.

There's nothing like the experience of walking past a 10 pack of go-karts with a giant slice of pizza in one hand and the other pushing a cart almost as wide as your car down the aisles of a warehouse the size of the neighborhood you grew up in as a child.

Costco: wholesome wholesale

@ChipChapChop

4 жыл бұрын

🏆

@CREEPINGIRON

4 жыл бұрын

@@ChipChapChop Edit: (because there isn't already a sign in the comment that states the comment is edited) Thank you for the gold kind stranger.

"All these brands have something in common: they suck." A profound statement indeed, lol 🤣

@Legion849

4 жыл бұрын

Hahahaha

I needed to get some stuff for my bike this summer. I compared Amazon with a local bike shop, and the local bike shop came in significantly cheaper. The exact same tires that cost $25/per on Amazon had cost $14/per at the bike shop. I got a better deal and didn't have to wait for shipping.

@creativecraving

Жыл бұрын

Yeah, with certain products (mainly bulky lightweight products like bike tires) the shipping costs are a significant part of the purchase price on Amazon. A bike shop can buy large quantities at once, so they will save on shipping costs compared to a single consumer.

Costco pays their employees a living wage and treat them like human beings. It shows in the level of service that you get as a customer.

*I usually starve myself the night before just to hit up those samples*

@KingDayDayDay00

4 жыл бұрын

That's how you get that membership money back!

@brazileiro1irock

4 жыл бұрын

😂😂😂😂 true dat

@johnquilitz8551

4 жыл бұрын

Why splurge the $1.50 for sausage and a drink when all those free samples are enough to fill you up.

@elliotlea5457

4 жыл бұрын

Bro stop spamming shit everywhere

@Vysair

4 жыл бұрын

You are petty hilarious

A company that care about their employees? That's enough reason for a membership for me!

@eromod

4 жыл бұрын

They have a conceal carry ban deep in its membership contract.

@allpraisegoddessmonika2887

4 жыл бұрын

@@eromod that blows.

@Galahad993

4 жыл бұрын

eroMoD eroMoD Not a really deal breaker. The benefits are good, the pay is good. Plus it makes sense that an employer doesn’t want firearms on the premises.

@eromod

4 жыл бұрын

@@Galahad993 Most mass shootings happen in self defence free zones.

@Galahad993

4 жыл бұрын

@@eromod Well that's management's decision. You shouldn't turn down a decent job for one policy, it's absurd.

There is actually a back room with the receiving dock. A little bit of stock for the floor is kept there, but it also houses the forklifts and the return area for prepping items to be returned to vendors via the warehouse hubs.

Thank You for the inciteful bit of info on a national business staple. The comparisons to other business models was surprisingly pert.

I worked at Costco for 5 years and you can literally return anything if you complain enough. One guy was in line eating chicken wings he was about to return them. Another guy brought back his surf board broken in half. They both got their refunds

@hutchinsonscott100

3 жыл бұрын

I remember when someone brought back one piece of cake.

@davidanderson_surrey_bc

3 жыл бұрын

@@hutchinsonscott100 Apparently it wasn't up to Marie Antoinette's high standards.

@cy-one

3 жыл бұрын

"Yeah so these Chicken Wings? I wanna refund them." "Why?" "Cause they're empty." "You... ate them." "Yes, they're empty, I wanna refund them." "... _Fine."_

@nunyabusiness3786

2 жыл бұрын

A system like that relies on people not abusing it. Its an act of good will. If everyone abused that system it wouldn't exist no matter how cheap the goods are. The cost of shipping is high.

@Minsang1st

2 жыл бұрын

@@nunyabusiness3786 probably also why they have membership only

The excitement of that Amazon box arriving at your door is wearing off.

@SkywardKing

4 жыл бұрын

Especially when you start to think about environmental impact, wasteful packing materials and the poor underpaid possibly stressed worker that had to get it to you.

@Mahagony1985

4 жыл бұрын

Especially when you get home and see it was stolen.

@HardlineFeminists

4 жыл бұрын

*I'LL TAKE 2-3 DAY PRIME SHIPPING OVER SHIPPING PARCELS THAT LITERALLY TAKE 10 BUSINESS DAYS TO DELIVER (THAT'S A 2 WEEK MINIMUM WAIT) USING COSTCO'S ARCHAIC WEBSITE THAT SHIPS PRODUCTS AT THE LITERAL SPEED OF A GROUND SNAIL. THE PROBLEM IS, MOST PRODUCTS AVAILABLE FROM COSTCO ARE NO LONGER AVAILABLE IN-STORE. COSTCO'S WEBSITE CARRIES MANY TIMES MORE PRODUCTS THAN THEIR DIMINISHING WALK-IN STORES CARRY. ONLINE IS THE WAY TO SHOP, WAITING 2 WEEKS FOR POTATO CHIPS TO ARRIVE ISN'T. AMAZON JUST WORKS BETTER THAN COSTCO NOWADAYS.*

@schex9

4 жыл бұрын

@@SkywardKing Yawn

@kitatit

4 жыл бұрын

Amazon lost billions just in Australia in the last 10yrs. They wouldn’t ship anything from their US operations before Australian had its own Amazon. Even when Australia was in full boom when the $AUD was worth more then the $USD. We were squealing for well priced stuff from the US..... “sorry doesn’t ship to your address”.... Now we have Amazon in Australia, what do they do? Pathetic selection, crap prices. Get a clue. A CostCo is just about to open here in Perth. Thanks for the vid. I understand what they are about now. Cheers 👍

07:11 Amazing that Iceland (360.000 inhabitants) is among the countries on the Costco map! it sure has had a positive impact on the Icelandic economy and kept prices in check!

Damn, that transition to the sponsored segment was so smooth I didn't even notice it

"Costco's average wage for all their retail workers is $21/hour..." Bernie Sanders: _damn!_

@Live-Life-Freely

4 жыл бұрын

That old lesbian won't even pay her own employees $15/hour.

@ThisNoName

4 жыл бұрын

Bernie: Elect me for president, freebies for everyone!

@Inbal_Feuchtwanger

4 жыл бұрын

At 20 years of employment you get 6 weeks vacation, 72 hours personal time, $8k a year divided in 2 bonuses, time and a half on sundays, and on top of employer match they flat out give you 8% of your pay into your 401k. Feels good to love going to work and making close to $80k a year with only a high school diploma. Costco is really a great employer.

@iryfly

4 жыл бұрын

You have to be there for a long period of time before you get to 21, starting pay is $14....which is still really good

@forzaa867

4 жыл бұрын

That's talking about average across all employees, the starting wage is $15 which is still really good but don't get confused with it being $21 an hour lol

Used to go to costco a lot when I was a kid. Moved away from the area that housed the costco and now live in an area with no costcos near me. Visted my sister, who has 2 costcos near her, and went to a costco with her. I was more excited about going to costco again for the first time in years than I've ever been about going to an amusement park or some camping trips. I love that place

@arthas640

4 жыл бұрын

i have friends who when they visit my state one of the first things they want to do is hit costco. i had a friend once drive 2 hours (each way) for chicken bakes and free samples.

@Houseready01

4 жыл бұрын

Their food is too good too

@pcmasterracetechgod5660

4 жыл бұрын

Walmart is the same way though, most have self check out now but still, they've always had only 2-3 registers open at once, with the lines backed up super far.

@jz1578

4 жыл бұрын

Take a tequila shot every time he said Costco

You sir are a genius, I've spent my entire professional career & education in big-box retail and you taught me a thing or two! Cheers!

Great video. Been a Costco member for years, totally agree about the quality of products, we get more volume for less. I support their business strategy of high quality, good price and most importantly they pay their employees well, give them good benefits. To me it is critical to know that Costco places quality of products employees satisfaction and members as it’s core of doing business, it works. Finally, I would add their return policy is second to none.

Kirklands business model: The best way to get a job done right is to do it yourself.

@MarinelliBrosPodcast

3 жыл бұрын

That is very true Cristiano.

@Sypherz

2 жыл бұрын

I love their brie.

"If Costco is unsatisfied with a product, it just creates its own." Me- Drinks Kirkland Signature water while watching this video

@nopalito6424

4 жыл бұрын

It is the best tasting bottled water on the market

@txtp

3 жыл бұрын

ffs true

@matthewtopazio3771

3 жыл бұрын

@@no1washerezz Kirkland signature can

@xxxBradTxxx

3 жыл бұрын

me, chewing on Kirkland peanuts

@dhyan0

3 жыл бұрын

@@xxxBradTxxx I posted this 7 months ago. Damn, this year went by so fast.

I live in alberta canada and as someone who shops almost exclusivly at costco, the money saved from shopping at costco more then makes up for the membership several times over. costco has a rebate system where by spending money you can get a rebate at the end of the year, and the rebate alone almost completely pays for the 120 dollar membership, making the cost to renew it usually under 30$. combine that with how much I save compared to shopping elsewhere, and its always worth it to shop at costco.

It's arrangement is not confusing at all. I did not lay a foot for months in the shop (cuz the pandemic) and when I returned I still found my way in the store. I use both Amazon Prime and the black one of Costco and I can tell you they compliment each other so well I almost never buy in other stores, cuz if you don't find what you want in Costco you go to Amazon and viceversa. Love Costco since I was a kid and still get excited when I go shopping 😍😄🤗

Costco also cares about their employees, pays livable wages+ and offers comprehensive benefits including health, dental and vision. Will continue to support Costco and try at all best to avoid Amazon companies.

@w0mblemania

4 жыл бұрын

According to payscale.com, Costco's "Customer Service Representatives" earn $12.44 per hour.

@icesilverwind

4 жыл бұрын

Their health insurance is surprisingly good. I've got a friend at costco. Works on the floor, not a manager or anything. Saved up enough in a few years (he's under 40 of age) to buy a house in California. Whew.

@drcola143

4 жыл бұрын

@@w0mblemania what they make $17 an hour

@w0mblemania

4 жыл бұрын

@@drcola143 $12.54 according to Indeed.com. Much the same at Payscale.com. Perhaps it differs from location to location, but those are _average_ figures.

@drcola143

4 жыл бұрын

@@w0mblemania oh ok yeah it probably depends on your location

Costco is a perfect counter example to “The Social Responsibility of Business is to Increase It’s Profits”.

The thing about Costco is that it makes more sense for families than it does for individuals who live alone. Most of the latter don't want to buy things in large quantities, and that's the focus in large part at Costco. Plus, the membership fee is more justifiable when you're buying for an entire household.

as a Costco investor, this video basically sums up my entire research process.

@LoneLionLeo

4 жыл бұрын

desaturated how do you invest in costco? I wanna start investing too

@ChrisJones-rd4wb

4 жыл бұрын

@@LoneLionLeo www.nerdwallet.com/best/investing/online-brokers-for-beginners

@stephannytorres1667

4 жыл бұрын

Chris Jones omg thanks!!

@bunnystrasse

4 жыл бұрын

desaturated why did you invest in it?

Costco sold me on cheap hot dogs everything else is a bonus

@brendastraley8829

4 жыл бұрын

You do NOT need a membership card to eat at or take out of Costco.

@WestZ

4 жыл бұрын

Hot dog and a drink for $1.50!

@nellynavarretevalle

4 жыл бұрын

Now I want their chicken bake. It's so good for the price

@randomnobody660

4 жыл бұрын

@@brendastraley8829 you technically do? Technically you need to be a member to enter? They've often check my card when I want to enter. I guess you can have a number of excuse to get thru anyways, but still.

@brendastraley8829

4 жыл бұрын

@@randomnobody660 Anyone can eat or take out food from the snack bar area. 100% fact. Plus anyone can have their prescriptions filled at Costco without being a member, just tell the door counters that your going to the pharmacy. Anyone can get glasses in the opic area without being a member. Buying any other items you have to have a Membership Card. It's not excuses to get in, but that's their policy since those 3 places are open to the public.. They will stop you to see your card, but you say where you're going and they let you in. This is way you have to show your Membership Card at the check out so they know your allowed to buy their regular items like toilet paper, rotisserie chicken etc. To get gasoline from Costco you have to have a membership card.

Very informative video. Please keep em coming. I keep liking...🔥 🔥 🔥

This makes me proud of being a Costco exclusive member

I love Costco most because of how they treat their employees. From paying them better, from actually allowing them to have breaks to insurance! I’m choosing to buy less so I can support companies that ultimately support our community, vs we pay the taxes for under-paid workers and the companies that own them.

@driverjayne

3 жыл бұрын

It's the buying less that's hard for me to shop at Costco though. I don't have a family. Its just me. I can't eat a flat of plums before they go bad. I don't have room to store 20 rolls of toilet paper when i only use one a month.

@coal_tactical

3 жыл бұрын

@@driverjayne not gonna lie there really isnt too many items where like it'd be too much for one person to eat or what not before it went bad

@Olivia-W

3 жыл бұрын

@@driverjayne Hmm. My strategy is to freeze the meat, get frozen veggies, and stock up on non perishables in cans. I buy shampoo/conditioner and cosmetics months in advance. But I will admit it took me... sec... a little over 3 years to use up the binders and looseleaf paper I got once... Speaking of binders, I think I might need some now that I've actually managed to use these up.

@bobateacuber7646

3 жыл бұрын

You mean other companies don’t treat employees like that in America?

This is the most effective, free advertising Costco has got in years. Brilliant must feel a bit foolish for paying to have their ad appear in this Costco ad....

@french1956

4 жыл бұрын

Costco spends zero on advertising.

@SunnySJamil

4 жыл бұрын

😂

This is very, very impressive. Good incentives create good products. Hopefully similar customer focused companies pop up and get us more competition in the marketspace. Espacially more competition for the Amazon monolith.

The floor plan is not complicated. It's a big square. Literally.

@waltermh111

4 жыл бұрын

Yeah, it is much cleaner and organized than most big box stories. I am not sure what he is talking about.

@kokoleka808

4 жыл бұрын

The Target store that I go to is built like a maze. It has multiple floors (3) and the escalators can be difficult to find the first time you shop there as they are concealed behind giant walls/partitions. The first time I went in this store and tried to exit, I literally walked around the entire floor, not once, but twice, as I passed by the escalator once without even seeing it, as it is obscured by a partition, the only escalator which leads back to the street level outside. Sure, there is another exit, but that exit leads to an upper floor parking lot--not good for pedestrians who walked into the store instead of driving there. I wonder if this layout has more to do with designing the floor plan to "encourage" customers to spend more time in the store than they might have originally planned or for theft deterrence purposes, or for both.

@supercrazydesi

4 жыл бұрын

Customers are members. All of them know where’s the product they want. They BBC don’t change the layout or move their product that often. I enjoy Costco shopping.

@Quantum3691

4 жыл бұрын

@@kokoleka808 I don't tend to walk around so much if I want to get out of a store. Were there employees on the floor? As soon as I spot an employee or even a customer I ask them where's the exit.

@lemonforever

4 жыл бұрын

@@kokoleka808 Target is bad designed, thats why it closed in Canada after only 1 year.

Every other company: LOOK AT ALL OUR FLASHY DECORATIONS AND SIMPLE LAYOUT AND EXPENSIVE GOODS wait where are you going Costco: You're gonna find what your looking for somewhere in here, just lemme check if you got a membership

@nahor88

4 жыл бұрын

Except you still don't.... he says "highest quality products", yet they stopped carrying the Kirkland fruit snacks which use real sugar and no artificial colors (and are LIKE CRACK), and continue to carry the fake tasting Mott's ones. It took them forever to start carrying Bodyarmor sports drinks, which beat the shit out of Gatorade which is just loaded with sugar, and even then only carry 3 flavors. A lot of people like to try different products until they find something they like and want to buy it in bulk, which is the fundamental flaw of Costco's business model.

@xmodmodifier

4 жыл бұрын

More like "you're going to find what you're looking for here but here's 100 pack AA batteries and a tub cookies, heck here's a set of tires while you're at it" Moral of the story, you didn't become a costco member just to get eggs.

@raphihall9463

3 жыл бұрын

@@nahor88 might just be yours cause I'm pretty sure the costco near me carries more than just the 3 regular flavors, but it really sucks that they stopped carrying the fruit snacks

Boycott Amazon... I mean if his wife left him because he was a monster, so should we.

@jannikheidemann3805

3 ай бұрын

How can a global corporation have had a wife?

Every time I got into a Costco it’s 200 bucks and somehow I still feel like I got a deal!

The appeal of Amazon was never price. It was access.

@jerryrichardson2799

3 жыл бұрын

Actually, both but you make an excellent point.

@sharvo6

2 жыл бұрын

In the beginning it was price, especially for tech. Those days are long gone.

@Nightriser271828

2 жыл бұрын

Pretty much. They used to have some good deals on stuff back in the day, but anymore, I just go to them when it's difficult to find something in brick-and-mortar stores.

@reynoldskynaston9529

2 жыл бұрын

I think both are powerhouses

@JB-kx9bx

2 жыл бұрын

Amazon is a great model for people living in big cities that don't want to deal with traffic, finding parking, crowds to find the store doesn't have what you want.

"low price and high quality" well those 2 buddies never got along so well, they must have magician working for Costco

@teagan_p_999

3 жыл бұрын

Buying power. They buy the one best item and they buy ALL OF IT.

@effexon

3 жыл бұрын

@@teagan_p_999 lol walmart is left with nothing , no stock of that product... well they have like 10 million product selection so not so big deal.

@RS-ls7mm

2 жыл бұрын

Lets just say one is a lot better at propaganda than the other.

Great video. I always wondered how they made it work.

Costco: creates it own brand of product Aldi: hold my groceries

The dollar general near my home looks like a tornado ran inside it.

@brayannexon4613

4 жыл бұрын

same

@user-wh2ek4qb8z

4 жыл бұрын

me too

@harrisonlorens3585

4 жыл бұрын

Me too but everywhere I look there’s a new one popping up. They are doing insanely well.

@ineedmondayoff

4 жыл бұрын

Always. That place is a shithole

@sdushdiu

4 жыл бұрын

Why the Dollar Tree is kicking their posterior