Costco is raising annual membership prices in September for Gold (+$5 to $65) and Executive (+$10 to $130) cards.
Across 52m members, that’s an extra ~$300m a year at basically 100% margin.
Costco is raising annual membership prices in September for Gold (+$5 to $65) and Executive (+$10 to $130) cards.
Across 52m members, that’s an extra ~$300m a year at basically 100% margin.
Subscription models work very well.
That is why market caps are elevated for those who are built on that model.
It is also why we have to keep building Leo Premium.
I was thinking the same thing. The more premium the more optimistic I am for our future.
It is why building in features under premium is crucial. It then can be a major buy center over time.
Make it a no brainer to have.