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EP62: Pricing Secrets to Dominate Your Market
Manage episode 310730207 series 3070499
Consistently tracking prices for all of your units even though the pricing changes every night is a difficult task. However, it possible with software such as PriceLabs.
But even using software isn't a "set it and forget it" thing. You have to consistently monitor your pricing.
So where do you even start? Listen up because we're about to break it down into 3 easy steps:
1. Determine your expected occupancy rate
2. Determine your fixed expenses
3. Get your "Don't lose money number" and your "Profit number" with this easy formula
96 episódios
Manage episode 310730207 series 3070499
Consistently tracking prices for all of your units even though the pricing changes every night is a difficult task. However, it possible with software such as PriceLabs.
But even using software isn't a "set it and forget it" thing. You have to consistently monitor your pricing.
So where do you even start? Listen up because we're about to break it down into 3 easy steps:
1. Determine your expected occupancy rate
2. Determine your fixed expenses
3. Get your "Don't lose money number" and your "Profit number" with this easy formula
96 episódios
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