How do you feel about dynamic pricing?

[sugarwood]

If you don't like it, you simply walk out of the store.

[GH85Carrera]

Dynamic pricing is the only way airlines price things. I have always wished I could go from seat to seat and get a receipt for each passenger for what they paid for the flight. It would range from dirt cheap (or free) to out and out rape.

[ben parrish]

Dynamic pricing is really the only fair way to price most items. Really nothing new.

Think about it; If I buy 2k worth of merchandise per month from XYZ company and rarely have a return, should I pay the same price for a widget as the customer that spends $100.00 per month and has returns frequently? NO, I should be rewarded with better pricing. Same applies to anything really; food, cars, clothing, electricity, etc. As a consumer, I expect and deserve breaks for brand loyalty and purchasing power.

I am all for this method.

[Dantilla]

Originally Posted by ben parrish

Dynamic pricing is really the only fair way to price most items. Really nothing new.

Think about it; If I buy 2k worth of merchandise per month from XYZ company and rarely have a return, should I pay the same price for a widget as the customer that spends $100.00 per month and has returns frequently? NO, I should be rewarded with better pricing. Same applies to anything really; food, cars, clothing, electricity, etc. As a consumer, I expect and deserve breaks for brand loyalty and purchasing power.

I am all for this method.

Dynamic pricing works the opposite way. Example:

Two young mothers, each grocery shopping once a week.
First mom buys a large jar of peanut butter every week.
Second mother buys peanut butter infrequently, and only when on sale.

Dynamic pricing says first mother is going to buy no matter what, and price is not important to her- She will be charged more.
Price goes down for second mother to entice her to buy peanut butter more often.

If you're buying 2K worth of widgets a month, dynamic pricing decides you need widgets, and will charge you more.

It's about profits, not customer loyalty.

[widebody911]

Originally Posted by ben parrish

Dynamic pricing is really the only fair way to price most items. Really nothing new.

I don't think you understand the concept.

"Dynamic pricing" is charging $10 for a bottle of water at a concert when it's 105° outside.

Technology is now available to apply the practice more widely, by gathering intel as to how likely you are to buy. When the seller knows the supply, demand and the competition, it gives them much more leverage.

[nota]

Originally Posted by GH85Carrera

Dynamic pricing is the only way airlines price things. I have always wished I could go from seat to seat and get a receipt for each passenger for what they paid for the flight. It would range from dirt cheap (or free) to out and out rape.

was not that way before deregulation
you could fly standby cheap

just yet an other Gop dogma failure

[Porsche-O-Phile]

Originally Posted by widebody911

I don't think you understand the concept.

"Dynamic pricing" is charging $10 for a bottle of water at a concert when it's 105° outside.

Technology is now available to apply the practice more widely, by gathering intel as to how likely you are to buy. When the seller knows the supply, demand and the competition, it gives them much more leverage.

It's also charging a single mom who comes in with a minivan and three screaming kids $2,000 for brake pads, or $16 for a gallon of gas to someone who comes in with a Rolls Royce versus $2 for the same gallon of gas for someone who comes in with a beater. It's a euphemism for a more commonly-known phrase, "price gouging".

It's BS and precisely why I use every opportunity to screw up data collection efforts on me. I use cash, mix up purchases and payment methods, occasionally pick up stuff for other people, don't go to the same stores all the time, etc. I utterly hate these efforts - they exist for no reason other than to further erode personal privacy and liberty and to try to screw people over as efficiently as possible. As per the above, tell me what you're asking and I'll either accept that or counter with what I think it's worth. We can negotiate from there. This is how most of the ROW works. Places that operate that way tend to get my business. I do NOT do "rewards cards" or similar nonsense either. It's none of your business what my buying habits are - it's your job to look at purchases in aggregate, track inventory and keep your shelves (or warehouses) stocked based on projected AGGREGATE rates of consumption. You don't need to know my name, blood type, social security number, address, kids' names, date of birth or any of the rest of it. The more places that this stuff lives as part of a profile means more potential points of hacking / illegal access that can result in ID theft or worse too.

Protect yourselves - delete cookies, clear caches, don't use predictable buying habits, use cash where possible, mix up purchases, use online protection methods, etc. Don't volunteer personal information. I never give e-mail addresses or anything else when pressured by cashiers. If they persist, I find that "Lucas Buttsleeve, 1600 Pennsylvania Avenue, Washington DC" works to end the line of questioning pretty quickly.

[Brando]

Agreed this is nothing new, companies have been doing this for years. Amazon and New Egg come to mind for online-retail. Also eBay. Disneyland has also started this on their daily entry rates. Fun times.

[Por_sha911]

You know, now that I think about it, I have an answer to dynamic pricing.

You want me to give you personal info in order to tell me what price you will charge.

O.K. fine. First, tell me what your gross income was last year, where you live, what is your cost on the product you offer for sale.

After you give me all those details we'll talk.

Other than the above, pound sand.

[dafischer]

Originally Posted by nota

was not that way before deregulation
you could fly standby cheap

just yet an other Gop dogma failure

Keep it in PARF, ya old fart.