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Jet.com
| July 20th, 2015 at 1:32:00 PM permalink | |
| Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25013 | They think they will shut down Amazon? Pay $50 a year to save $150? Big whup. 'It doesn’t make money on orders. Rather than earning tiny (or large) profits on each purchase, Jet says it makes no money whatsoever on orders. “The bottom line is, we’re basically not making a dime on any of the transactions. We’re passing it all back to the consumer,” Lore told Businessweek earlier this year. Rather, the company says its profits will come exclusively from membership fees—which, again, new members don’t have to pay during the 90-day trial period. This is among the reasons Consumerist.com has described Jet as “either the future of retail or a doomed wacky scheme.” http://time.com/money/3964742/jet-com-compare-amazon-costco/ If you take a risk, you may lose. If you never take a risk, you will always lose. |
| July 20th, 2015 at 3:50:50 PM permalink | |
| Fleastiff Member since: Oct 27, 2012 Threads: 62 Posts: 7831 | airlines don't make money flying people, they make money from the downstream hotel taxi and restaurant reservations. Merchants don't make money selling merchandise they make money selling loyalty cards and credit cards. Movies don't make money unless the theaters sell booze. electronic upscale arcades make money by selling post-school babysitting for teenagers. commerce is getting confusing to me. I always thought the guy at the side or the road made money selling watermelons. |