Dynamic pricing?

Discussion in 'The Think Tank' started by ferro, Nov 7, 2018.

  1. ferro

    ferro New Member

    Joined:
    Nov 7, 2018
    Messages:
    2
    Likes Received:
    0
    Location:
    NY
    Hi

    I was thinking if it'd be a good idea to dynamically price menus. For instance, if our shop appears quieter than usual by a certain time in the day, discount coupons are automatically offered to our fans (online) for use by the end of the day. My brother's a programmer and we're planning to get him to build the system from scratch, but not sure if it'll be worth the effort.

    What do you guys think? Is it something you guys would find useful?
     
  2. Steve

    Steve Active Member

    Joined:
    Oct 25, 2014
    Messages:
    556
    Likes Received:
    116
    What incentive would that give your customers to ever at full price?

    Also, if you are restricting these to certain times and a customer places an order at 2pm and that is a slow time with a special deal, you'd have to program the system to not allow those coupons to apply when the ticket matures at say 6pm.
    Sent from my Pixel 2 using Tapatalk
     
  3. ferro

    ferro New Member

    Joined:
    Nov 7, 2018
    Messages:
    2
    Likes Received:
    0
    Location:
    NY
    We'd only offer a very limited number of discount coupons during slow hours.

    Yes, that's right. The coupons would have very specific lifetimes.
     
  4. Mondo

    Mondo Active Member

    Joined:
    Jun 19, 2017
    Messages:
    141
    Likes Received:
    51
    Location:
    CA
    You could probably accomplish this same thing with a rewards program. Probably wouldn't go out automatically when sales are low, but if it's that slow, you or your manager should have the time to send out the blast. Building from the ground up seems like a costly and time consuming task filled with lots of bugs along the way.