Costco
1 creator use or recommend it
A membership-only warehouse club that sells bulk goods and also offers various services including self-storage.
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How Costco compares
5 creators weighed in
Amazon
Direct rival
online retail and cloud giant
Both are places to buy goods. Alex used both for purchasing, trying Costco first.
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3 creators
Both are places to buy goods. Alex used both for purchasing, trying Costco first.
"We're just putting the money to use based upon the rules and what we've set prior to, you know, Amazon, Netflix, uh, you know, Costco, you know, all these one-tap, you know, like just all the easy ways it is to spend money."
Listed alongside Amazon and Netflix as examples of easy spending
"You led the series A into Costco. Jim was one of the best executives I've ever met. Maybe the best. Focus, focus, focus. Flawless execution of details. Build for the long term."
Based on proven Price Club model, competed successfully against Amazon and Walmart
"We allow the agent to do the research. What is a vending machine business? How does it work? How does it make money? We also told her we can buy stuff through Amazon or through Costco. The first experiment was Costco."
Used alongside Amazon for purchasing
Amazon's subscription service
Shaan says Costco passes bulk savings to shoppers, making membership a no-brainer. Andrew groups both as benchmarks for membership program dominance.
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2 creators
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2 creators
Shaan says Costco passes bulk savings to shoppers, making membership a no-brainer. Andrew groups both as benchmarks for membership program dominance.
"We're not at like Amazon Prime or Costco levels, but we're within getting to within spitting distance."
Benchmark alongside Amazon Prime for membership program dominance
"Costco's goal was to make the markup as small as it could and pass all of the savings of buying in bulk to the customer. The customer saves $1,000, they spend $100. It's a no-brainer proposition. Instead of increasing their prices and in..."
Compared to traditional retailers who buy wholesale and sell at markup; contrasted with Amazon Prime membership model
What creators say
"If you're like, 'Are there any companies you trust?' You're like, 'Man, I love Costco.' Costco's a $400 billion public company. Costco is I think built on a very different philosophy which is that margins can be a source of weakness."
More from Eric Ries →+1 more mention from Eric
"Costco just has the rules written right into the structure itself. But that means every time they lose one of the structures, every once in a while..."
"Home Depot was basically their prior company mashed up with Costco. They knew Saul Price who had started Costco. They saw what Saul was doing with Costco in San Diego and they were like, 'We can do the same thing with home improvement.'"
More from John Coogan →+2 more mentions from John
"Less Marcus Aurelius, more Ron Vakris — Costco CEO started his career as a forklift driver. Maybe if Costco is the model, there will be an LVMH of AI."
"If you're trying to save money, you don't necessarily need to work at Costco, but certainly shopping at Costco is hugely advantageous."
"We launched Costco Canada National. Costco US is launching September 1st."
More from Nick Saltarelli →"We're not at like Amazon Prime or Costco levels, but we're within getting to within spitting distance."
More from Andrew Macdonald →"I'm talking about like the six-foot lifetime folding tables from Costco, right? 50 bucks, or you can rent them for two bucks."
More from Braden Harman →
"Are you seeing an uptick in your subscriptions since you started launching in Target and Costco?"
More from Masters of Scale →"I think Costco's awesome. Costco kept the price of the hot dog at a buck fifty for like decades. When Costco got down to the point where they couldn't keep it at $1.50 anymore, they bought a hot dog factory. Costco's like, we believe that people t..."
More from Jack Conte →"I texted our contractor. I was like, 'Hey, can you run out to like Costco to get some new underwear?' They didn't have like extra small or whatever I thought your size was."
More from Jack Selby →"We power factories. We power Home Depots and Costcos and Walmarts. We power college campuses. Two-thirds of Caltech campus is powered by us."
More from KR Sridhar →
"Did those rugs come from Costco? Costco — yeah, they were Costco returns and there were other rug listings."
More from Chris Koerner →+1 more mention from Chris
"Kind of like Costco, right? Costco doesn't really make money on the stuff they sell. They really make their profit on the membership."
"Costco's goal was to make the markup as small as it could and pass all of the savings of buying in bulk to the customer. The customer saves $1,000, they spend $100. It's a no-brainer proposition. Instead of increasing their prices and increasing t..."
More from Shaan Puri →+1 more mention from Shaan
"Amazon and Costco do not advertise. No shouting here. Amazon, Costco give back margin to the customer."
"Austin Hope you can get at Costco. Austin Hope you can get anywhere."
More from Deep Dive Podcast →"We're just putting the money to use based upon the rules and what we've set prior to, you know, Amazon, Netflix, uh, you know, Costco, you know, all these one-tap, you know, like just all the easy ways it is to spend money."
More from David Mozeika →"if I go to a town where there are no entrepreneurs and there are like everyone feels downtrodden and there's one big Costco and that's the only employer in town, that's going to be a town"
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