St. Patrick’s Day

St. Patrick’s Day is a celebration of Saint Patrick, the foremost patron Saint of Ireland.  If you are having a party to celebrate St. Paddy’s day, you need not look further than Costco. Costco offers Irish beer, Irish butter, corned beef, cabbage, and apple pie. No matter the holiday, Costco offers their members high demand foods, unique seasonal and non-foods to support your celebration. 

Costco looks high and low for great suppliers to provide new food products. As you can imagine, the choices are endless for Costco and it’s nearly impossible to meet and vet all the suppliers looking to sell to them.  If you are a manufacturer with a strong brand or a major manufacturer looking to produce private label goods, VendorCo can help.  VendorCo offers over 32 years of Costco expertise.  Email info@vendorco.com for more information.

National Read Across America Day

In celebration of National Read Across America Day on March 2, 2021, it’s the perfect time to appreciate Costco’s book selection for readers of all ages. Costco’s members (all 98.5M of them!) shop and enjoy new top selling books by their favorite authors at a nice savings.   

Like books, Costco prides itself on offering new and exciting items to their members.  If you are a manufacturer or supplier of a new and exciting product that has been well received at other retailers, perhaps you should consider Costco. Contact help@vendorco.com or visit our website www.vendorco.com to learn more about VendorCo and how we may be able to be of value to your company and its goals.

Understanding Costco Memberships: Business

A step above the Gold Star Membership is Costco’s Business Member option. Business identification is required when applying for this kind of Costco membership. For $60.00 you can purchase the regular business member or for $120.00 you can be part of the Executive club and earn annual 2% rewards. Licensed businesses, nonprofit organizations, government agencies, farmers, and ranchers can all join as a business member. Both options include a free household card. Affiliate cardholders can be added to the Business Membership for $60.00 each.

Prices are subject to change and may vary by region, check your local warehouse for exact cost. If you are a supplier who is seeking to bring your product into a Costco warehouse or is interested to begin the process, VendorCo can help.  Call us at 949-326-8909 or email help@vendorco.com.

Understanding Costco Memberships: Gold Star

Costco’s Gold Star membership is designed for consumers on an entry-level basis in terms of pricing and benefits. At $60.00, this membership is for individuals who do not qualify for, or do not need a business membership. It includes a free Household Card and gets you into Costco, saving money at any warehouse or online at Costco.com. This membership is suited for customers, who do not expect the return from the 2% “cash back” program.

If you are a supplier who is seeking to bring your product into a Costco warehouse or are interested in beginning the process, VendorCo can help. Call us at 949-326-8909 or email help@vendorco.com.

Costco Membership: Added Benefits

The operating philosophy of Costco is simple: keep costs down as much as possible and pass the savings onto its members. Since Costco has such a large membership base and immense buying power, members ultimately get the best possible prices. Costco is able to keep markups low due to making most of their earnings on membership fees.

A key selling point of Costco is its private label brands, such as Kirkland Signature which was launched in 1995. These private brands are comparable in quality and will always cost less than brand labels, it is no surprise that these brands generate 20% of total revenue.

If you think your product would sell at Costco, pair up with one of our representative to develop your strategy today! Call us at 949-326-8909 or email help@vendorco.com.

Understanding Costco Memberships: Executive Cardholders

Are you a black Costco card holder? If so, you are at the most prestigious card holder level. Each executive member must decide if the card is used for personal use or as a business. Both offer the same rewards and extra benefits, such as lower prices on check printing, auto financing, and long-distance phone service.

Executive Gold Star Memberships and Executive Business differ for individuals who set-up under a business. This membership guarantees the “2% Reward” program, that allows members to earn 2% cash back each year. This exclusive membership costs $120.00 annually, but will receive numerous benefits. If you purchase an Executive Business membership, it is available to owners and operators of businesses who want the benefit of the added value of an Executive Membership. The executive member is offered an annual 2% Reward on most of Costco’s products and offered lower prices on member programs. These members are able to add extra cardholders for employees as an additional fee, which differs from only adding family under the Gold Star Executive Membership.

If you are a supplier who is seeking to bring your product into a Costco warehouse or is interested to begin the process, VendorCo can help. Call us at 949-326-8909 or email help@vendorco.com.

Understanding Costco Membership

In 1988, Robert Price, President of Price Club said, “We thought of it as a speak-easy. We tried to create a mystique.” At that time, the idea that you could charge people to shop was unimaginable and originally limited to businesses and members of select groups. However, Costco has created a business model that other retailers have since followed.

This month we will discuss Costco Membership, and shed light on the groundbreaking business model that no other retailer has quite been able to match. Included this month will be the following topics:

  • Gold Star Memberships
  • Business Memberships
  • Executive Cardholders
  • Rates and Retention
  • Added Benefits
  • Demographic
  • More Reasons to be a Member

If you are a supplier who is seeking to bring your product into a Costco warehouse or is interested to begin the process, VendorCo can help.  Call us at 949-326-8909 or email help@vendorco.com.

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