By turning a simple, duplicable business into a retail empire, Sam Walton changed the game forever. The Wal-Mart business model represented a major paradigm shift, and in the process became the largest company in the world. Wal-Mart has been #1 on the Fortune 500 list for eight out of the last ten years for a good reason - Sam Walton had the ability to recognize an untapped niche, and filled it. While some dislike Wal-Mart for its tactics, one cannot deny the incredible success of this company.
Like Wal-Mart, Market America and SHOP.COM are leading a paradigm shift in the way business is done. We offer everything Wal-Mart provides, and so much more – we actually pay people to shop! Do you get paid to stand in line at Wal-Mart? No!! We pay you to shop, and you don’t even need to leave the house!
What really sets our business apart is our community of economically-connected entrepreneurs, who earn money from virtually everything everybody purchases. Wal-Mart doesn’t have the network or the people power that we do. To put our business model into perspective, if Wal-Mart followed our plan and paid their customers to shop, they would pay out over 43 billion dollars in commissions!
If you think that’s amazing, check out this out. It will boggle your mind, and probably scare you as well!!!
1. Americans spend $36,000,000 every hour of every day at Wal-Mart.
2. This works out to $20,928 profit every minute!
3. Wal-Mart will sell more from January 1st to St. Patrick's Day (March 17th) than Target sells all year.
4. Wal-Mart is bigger than Home Depot + Kroger + Target + Sears + Costco + K-Mart combined.
5. Wal-Mart employs 1.6 million people and is the largest private employer, and most can't speak English.
6. Wal-Mart is the largest company in the history of the world.
7. Wal-Mart now sells more food than Kroger & Safeway combined, keep in mind they did this in only 15 years.
8. During this same period, 31 Supermarket chains filed for bankruptcy.
9. Wal-Mart now sells more food than any other store in the world.
10. Wal-Mart has approximately 3,900 stores in the USA, of which 1,906 are Super Centers - this is 1,000 more than it had 5 years ago.
11. This year, 7.2 billion different purchasing experiences will occur at a Wal-Mart store. (The world population is approximately 6.8 billion.)
12. 90% of all Americans live within 15 miles of a Wal-Mart.
13. The value of product for Wal-Mart passing through the port of San Diego each year is a larger sum than 93% of ALL countries Gross National Product (GNP). Keep in mind; this is just one port, and one way in which Wal-Mart receives the goods they sell.
14. Of the 1.6 million employees, only 1.2% make a living above the poverty level.
15. Wal-Mart's head office is located in Bentonville, Arkansas. Due to this fact, there are more millionaires per square mile there than any place on Earth.
16. The official U.S. Government position is that Wal-Mart's prices are no lower than anyone else's when compared to a typical family’s weekly purchases. That's the view of the statisticians at the Bureau of Labor Statistics (BLS) responsible for calculating the Consumer Price Index (CPI).
17. 92% of everything Wal-Mart sells comes from China. Another 4% comes from Chinese-owned companies in the U.S. or in other countries.
18. Wal-Mart and MOST large companies, take out life insurance on its employees, without their knowing. If an employee dies, ALL of this insurance money goes to the company. If an employee making $18,000 per year dies, the company might make as much as $1 million. Most often this money, coming from what is commonly referred to as “Dead Peasant Life Insurance Policies”, is paid out to executives as bonuses (a common practice unknown by the average consumer).
19. Wal-Mart now averages a "profit" (not sales) of $36 billion per year.
20. Let Wal-Mart bail out Wall Street. If not, consider shopping someplace else.
If we closed all the Wal-Mart stores would China go bankrupt?
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Published in JR Ridinger