Quote:
Originally Posted by bigswinging
If you increase price to 200 or 250, in econ is what you call a 'clearing price' - demand = supply. they will end up doing maybe 7-8 instead of 10 a day. they work less, still earn more, so happy. okt will earn more, so happy. bros will be able to book more easily. yes, pay more but get better service, less tired, more gfe, wait less, save time.
no one likes higher prices. but now at 150, these 4 demand is far more than supply. in the end, everyone will not be happy.
for us, if we do a good job, we get promoted, pay goes up. why not for them as well?
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Bruddah, PRC WL are targeting at the mass market. If you raise the price to say, $250, it becomes the niche market. No one know for sure how big is the niche market. But I am sure the target audience would be much smaller if the price is raised to $250. WHat happens if the premier WL like XM's business drops to 4 sessions per day? On average she has 12 sessions per day now. It would be a loss of $800. One month would be about $16k!
Unless the OKT is sure that the demand (if the rate set at $250 per session) is comparable or better, I doubt he would raise the price. In addition, they need to get the blessing from AV before they could do so. Just like SMRT & SBS Transit who need to apply to the Transport Authority before they could raise their fare.
