How Best Buy Makes Money

A $999 TV at Best Buy makes the store about thirty dollars. The protection plan sitting next to it can make three times that. The card, the Geek Squad and the brands renting the shop floor pay for the rest. This is how Best Buy actually makes money, and why the television is only the door. Starting your own channel? Join the free community: Discord:   / discord   Everything else: https://linktr.ee/tonytalksbusiness 0:00 The Television 0:34 The Receipt 2:13 The Numbers 2:44 The Tornado 3:17 The Bait 3:56 The Showroom 4:26 The Margin 5:17 The Plan 6:32 The Insurer 7:20 The Odds 8:22 The Card 9:11 The Interest 9:50 The Squad 10:58 The Subscription 11:26 The Floor 13:09 The Rival 13:58 The Commission 14:52 The Verdict 15:31 The Rule #Money #Business #HowToMakeMoney #Finance #Economy #MakeMoney #Brands #Entrepreneur #Economics #HowItWorks #Explained #Educational #BestBuy #GeekSquad #ExtendedWarranty #Retail #Electronics #TV