Here’s their flywheel: 1. Lower prices on more offerings 2. Increase customer visits 3. Attract 3rd-party sellers 4. Expand the store, extend distribution 5. Grow revenues per fixed costs 6. Rinse and repeat
Here’s their flywheel: 1. Lower prices on more offerings 2. Increase customer visits 3. Attract 3rd-party sellers 4. Expand the store, extend distribution 5. Grow revenues per fixed costs 6. Rinse and repeat