An idea I heard about Costco: increasing prices by just a little is a hit of heroin.

· Bits and Bobs 5/11/26
  • An idea I heard about Costco: increasing prices by just a little is a hit of heroin.
    • They could raise prices by 3% and double their income and no customers would notice or care.
    • But if you do it once, you'd do it again.
    • And a few times later, you've destroyed everything you stood for.
    • You'd torch your trust, incrementally.
    • The trustworthiness you've accumulated is your most valuable asset–and others who don't care about your mission will see it as pile of gold to plunder; a stack of kindling to set on fire.