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