Turtle n Peeps wrote:
Some of you so called business people need to look up the definition of "loss leaders."
Back in the day an old man by the name of Sam practiced it a lot when he had one little store in Ar. Sam is gone now but I hear his stores (and I heard he has a lot of them?) still have the practice of loss leaders.
I now hear that a lot of RV parks complain about people using his stores to stay the night at. :B
I own my own business, employ others, pay all my bills on time and make a decent profit. Not sure that makes me a "so called business person". Doubt Walmart has to have many loss leaders when they can pay fifty cents a day to have Chinese child labor make the vast majority of their products. If you are so freakin smart, why don't you tell us your great business successes, how you single handedly changed an industry, how you used "loss leaders" to build a successful business, instead of relying on retelling the stories about Walmart, which I am pretty sure succeeded without any managerial help from you. BTW, I noticed the link you have in profile is to a resort that has closed and is now up for sale. Apparently you either selfishly didn't offer your vast business insight to help save it, or the restructuring plans and business strategies you implimented were a failure.