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Nobody teaches you how business actually works.
McDonald’s is a real estate empire. The burger is just the reason you show up to their land.
Red Bull owns zero factories. It costs $0.09 to make and $3.59 to buy. They sell a lifestyle, not a drink.
Amazon’s retail barely breaks even. Half the internet runs on AWS. That’s the real business.
Google is free because you’re not the customer. You’re what they’re selling.
Disney is in the licensing business not the movie making one.
Costco sells groceries at cost. The $65 membership is the entire business model.
Gillette sells you the razor cheap. Then owns you on the blades forever.
The most profitable companies don’t sell what you think they sell.
The real business is always one layer deeper.
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