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1/ Costco derives roughly 75% of its operating profits from membership fees. Because Costco’s membership revenue is booked in advance, cash flow volatility is below average. Membership renewal rates stand at about 90% in the U.S. and Canada. google.com/amp/s/25iq.com…
2/ 25iQuiz: Who invented the membership/subscription based business model? How far back does it go? Was the membership/subscription model really "pioneered by publishers of books and periodicals in the 17th century?" Was it used earlier? en.m.wikipedia.org/wiki/Subscript…
3/ Was Sol Price first to adopt a membership model? google.com/amp/s/amp.busi… Sol Price was clearly first on other things though. mastersinvest.com/newblog/2019/6… google.com/amp/s/www.sand… anbhf.org/pdf/Sol_Price_…
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