Demand Pricing?

[+ dutchmuch]

Demand-based pricing, also known as customer-based pricing, is any pricingmethod that uses consumer demand - based on perceived value - as the central element. These include: price skimming, price discrimination, psychological pricing, bundle pricing, penetration pricing, and value-based pricing.

 

You escorts are business people, but why do demand pricing like Uber?

I recently tried to hire a Brazilian (Kelvin) who was passing through my area, he kept changing his price, 250-350/hr. When I asked him about this, he said it depended on how many calls he was getting for his service that particular day.

Good luck with this business model, I don't like it.

[m.yi]

Does he have a scientific formula for his price surge? Just seems like he made it up, anyone can claim they're "in demand". Seems more like a sales-pitch to me; or he might feel he's that important.

 

Escorts, like any professional may raise prices when they've gained sufficient experience and have garnered respectable reputation within the community.

[+ bashful]

Demand-based pricing

 

You're already paying it whenever you book a hotel room, or a seat on a airplane. Who knows, maybe some day, a computer model will be developed for the escort industry.

[+ Phactor]

I get the demand model, but have trouble understanding how it could be successfully deployed and administered for this business. As a client, I would initially be confused by the different rates requested, only to end up arranging for some time when demand and prices are down.

[instudiocity]

Its certainly worked for Uber and other TNCs, if it works for this particular advertiser then it isn't your role to tell him otherwise.

Fucking Awesome Reply!

 

FYI, we need more Wolfes on the West Coast! At least a monthly lair in STUDIO CITY.

[Reluctant Daddy]

If you hire in advance when the pricing is at $250 but the pricing for the day of hire is later posted as $350, which rate applies, and why?

[Kevin Slater]

If you hire in advance when the pricing is at $250 but the pricing for the day of hire is later posted as $350, which rate applies, and why?

 

I don't use this model, but I assume that the quote given at time of booking is always honored and demand pricing helps sort last-minute inquiries.

 

Kevin Slater

[Samfoslom]

If you hire in advance when the pricing is at $250 but the pricing for the day of hire is later posted as $350, which rate applies, and why?

 

logically, following a market model, if the client has secured a time block and paid the escort some sort of deposit, then the contract price should prevail, even if the market price changes (up or down) when you get to real time. To more fully embrace the market, how about this? If client A has secured the escort for a future day, and, as real time approaches, surge pricing causes the price to go up, can client A sell his time block to client B at the real time/surge rate and pay the escort the contract rate? Who knows, maybe RM or some other platform could create a secondary market. Instead of Wall Street, it could be called "Back Street." :rolleyes:

[mattr]

logically, following a market model, if the client has secured a time block and paid the escort some sort of deposit, then the contract price should prevail, even if the market price changes (up or down) when you get to real time. To more fully embrace the market, how about this? If client A has secured the escort for a future day, and, as real time approaches, surge pricing causes the price to go up, can client A sell his time block to client B at the real time/surge rate and pay the escort the contract rate? Who knows, maybe RM or some other platform could create a secondary market. Instead of Wall Street, it could be called "Back Street." :rolleyes:

 

 

We could have Put and Call options on escorts and trade them on an exchange like pork bellies... LOL

[+ Keith30309]

Interesting idea, but it seems like there is some potential to alienate clients for whom a rate changes and some headaches for a companion who has to figure it out and explain it. I have occasionally seen escort ads which present lower rates for Tuesdays, for example, or time before 6:00 pm. I think this is a good idea because its easily explainable and repeatable.

 

That said, it would seem that demand-based pricing works best for commodity products & services - things which are readily comparable, like the Uber example, electric power or ability to use an express lane during rush-hour. Fortunately we have a broad, very diverse group of wonderful companions and what appeals to me, and has a high perceived value, would not appeal at all to another.

[down_to_business]

It always makes for a lovely encounter when at the conclusion you have to spend 15 minutes brandishing an audit trail of email correspondences and/or text messages proving the rate was what you have paid the escort. One reason I am very uncomfortable with the changing rate model. Yes it has happened and yes it is even more uncomfortable than it sounds!

[+ José Soplanucas]

It is not the same, I know, but m4rn has a function that allows some price marketing. The client makes the price offer and the time when he is willing to hire, and wait to see if there is any escort/masseur who is interested. A couple of years ago, when I started experimenting hiring here in USA, I got a very good deal at 150.

[+ Truereview]

Something about this thread makes my stomach turn...and it isn't the price fluctuation but the fact that the escort is being treated like a product or service in some of the comments. I subscribe to the idea that escorts are businessmen and businesswomen, and that they run a business model, but I also believe we all have the right to say "no, thank you" when rates are not to our liking without the need of knocking someone down (and naming them!) for business practices not to our liking. If I could have triple-liked @Kurtis Wolfe 's post, I woulda.

[Keenan]

Demand-based pricing, also known as customer-based pricing, is any pricingmethod that uses consumer demand - based on perceived value - as the central element. These include: price skimming, price discrimination, psychological pricing, bundle pricing, penetration pricing, and value-based pricing.

 

You escorts are business people, but why do demand pricing like Uber?

I recently tried to hire a Brazilian (Kelvin) who was passing through my area, he kept changing his price, 250-350/hr. When I asked him about this, he said it depended on how many calls he was getting for his service that particular day.

Good luck with this business model, I don't like it.

 

Seems way to complicating and a good way to turn off potential customers.

 

Keenan

[+ Topseed]

I have a hard time believing that this practice is viable more than a handful of escorts.

[mike carey]

Demand based pricing seems to me to be a great way of maximising profit from bulk 'commodities' [for want of a better word] like hotel rooms and airline tickets where the seller has a lot of them for sale, and which if they aren't sold have any value expire if they are not used. Theatre tickets too. There is a fixed cost to the seller of having an airline seat or hotel room, but the extra cost of having someone use them is probably marginal. I flew to Perth last week and used points to upgrade to business class, and the number of points was minimal (it was fewer points than I would have needed for a $100 gift card). For demand based pricing to work I think it needs the seller to have a lot of whatever they are selling, and sophisticated computer systems to manage their sales. For personal and professional services, much less scope. Maybe pricing for seasonal variations or when there is a big event would work but not so much daily variations. That said, if an escort choses to price this way, that's his call. As @Kurtis Wolfe said, it's not anyone else's role to say he shouldn't do it.

[Jamie]

I don't like that 'demand' model, sounds like an excuse to make more money.

[bigvalboy]

I don't like that 'demand' model, sounds like an excuse to make more money.

 

You're are correct, it is an excuse/reason to make more money, we are a capitalist society after all, but as KW mentions, if an escort decides that it benefits him, then that's his prerogative, but it is also my prerogative to say "No Thank You" as I do with cruise lines, airlines, hotels etc. that engage in "demand" pricing.

 

I just had a local escort raise his price on me quite suddenly as I arrived to pick him up for a little dinner first. After he was in the car, he casually mentioned his price had increased from the last time, his reasoning, it's summer here and there are fewer escorts and he was in demand. I thought about it for a split second and I simply said, "That doesn't work for me." He quickly offered a lower price, but said he would do less...Uh nope...I thanked him, let him out of the car, and drove away. I ended up having a perfectly delightful evening with friends at 'Sea Watch' on the beach.

 

It's a free world, and escorts are free to do whatever it is they feel is necessary with their pricing, and as a consumer, I have the option of simply saying "No thank you"...If I can see pricing differences in some format for peak times, that I'm OK with, but to spring a price increase on an unsuspecting client at the last minute like @dutchmuch mentions, that is not OK..and unprofessional in my book.

[Kevin Slater]

I don't like that 'demand' model, sounds like an excuse to make more money.

 

We all seem to be focusing on the upsurge, but demand pricing could well be used to lower prices as well.

 

Kevin Slater

[Kevin Slater]

Seems way to complicating and a good way to turn off potential customers.

 

Keenan

 

Quoting a potential client $400 on a busy Friday evening may cause him not to call on a dead Tuesday afternoon. I agree, it confuses the market.

 

Kevin Slater

[+ DERRIK]

When I travel I don't expect to pay the same airfare the next time, I don't expect to get the same price on priceline

 

Even uber has surge pricing at certain times/days

[+ José Soplanucas]

I think I remember an escort who used to have a system kind of considering this. He had determined the times and days where he would usually get his lowest and highest demand, and put together a pricing scale offering discounts on the less demanded times. I cannot remember where I saw this, probably in Adam.

[bobchitown]

Here is Chicago Uber is pretty much always surge pricing.

[Kevin Slater]

Here is Chicago Uber is pretty much always surge pricing.

 

Serge Pricing would be a good porn name.

 

Kevin Slater

[+ Keith30309]

Serge Pricing would be a good porn name.

 

Kevin Slater

 

I love Czech boys !