westernrvparkowner wrote:
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.
ROTFLMAO, ya in the 40's and 50's and 60's and 70's Sam must have used child labor in China to make his products because we all know we had a GREAT relationship with that country in those years.
You seem to think that Sam instantly had thousands of stores. That is not the case. He started out with one store. He built his business just like you and others do, one store or business at a time. It's just that he was very smart and was very good at business.
In other words he did not sit around and whine and moan about Sears or Wards or other big stores of the time trying to put him out of business. He instituted things like loss leaders and cheap pricing for his products. Must have been a pretty good business model because Wards is long gone and Sears was on the ropes until Kmart bought them out.
About the resort. Yes, like a lot of business, high debt and poor management IMHO. I had nothing to do with that. What next? Blame the US's high unemployment on me or the high cost of fuel? LOL
BTW where is your campground? I live in the west and I might visit it one day.