Who doesn't love Costco? Endless free samples, enough food to prep for the apocalypse, and of course those tasty $1.50 hot dogs.. its a clear winner!
As small town businesses we can take lessons from big chains like Costco, because they started as single location mom & pop businesses. And they've kept many of the strategies that gave them so much growth from the early days.
So today we're covering a very powerful one they've used to grow, check it out in today's episode!
Welcome to Small Business Growth School, If you're a small town business owner looking for tips, tools and strategies for growing your business, this podcast is for you. Your host is Arnan Sisson - an owner of multiple small businesses in VA and is now a business coach that specializes in working with mom & pop companies all over the US.
He was able to build up his first ever small business to multiple 6 figures of after tax profit in a town of only 338! Arnan talks about everything from marketing, sales, automation (aka having your business run 100% without you), and the mindset needed to become a successful small town business owner.
(00:55) - My Costco Adventure
(03:10) - Why Study Big Box Stores
(04:15) - Loss Leader General Strategy
(05:00)- Costco's Loss Leader & Why
To check out more of Arnan's business/marketing services you can head to his website here