It will help you stand out, attract customers, and keep list of peru cell phone numbers them coming back for more. What is dynamic pricing? Dynamic pricing goes by a few different names: surge pricing, demand pricing, and time-based pricing. In this approach, businesses adjust their prices based on what customers want at any given time.
A simpler explanation is that it is a pricing strategy where product prices are constantly changing. Depending on the market in question, timeframes ranging from minutes to days are possible. How Does It Work? Comparison of static pricing (single price point) versus dynamic pricing (multiple price points) showing revenue and profit growth.
Image source: Devesh Sharma – LinkedIn Imagine you own an online store that sells T-shirts . You decide to set a flat price of $20 for all T-shirts, regardless of factors like demand, competition, or time of day. So whether it’s a busy weekend or a quiet weekday, the price remains the same.
