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Ep 215: Price Labs Tutorial with their CEO
02:27 – The first thing that I love of what you guys have done and really improved on as well is is this seven day 30 Day and 60 day kind of thermometer.
06:28 – What I love about it is that, this property is not necessarily performing great or poorly it’s just perfect forming pretty well for the market.
08:03 – This is what I love about it because it’s taking the guest Work out of it.
15:23 – How come it’s not just automatically doing that for me rather than me having to go and change that myself?
19:20 – The beauty of this along with price If you’re trying to maximize how much work you can get, increase price leading to an increased revenue.
19:53 – The algorithm concept two paths one As market and how the market is growing all right and the second part It is the occupancy base adjustment.
23:56 – That’s the difference having said that in price labs we have never data so you can see some of that market data and we also have another part which is market dashboards.
24:43 – DNA is an act of two price Labs is going to be more of a passive tool is another way to look at it to.
25:43 – I just want to encourage you man like this is not a price this is not an expense this is an investment.
26:35 – Beyond pricing is either 1 or 2% of The gross revenue. I mean when I was using another one like Beyond pricing I think overall I was spending probably three or four times as much per list and so for priceless I mean it’s such an amazing tool for the prices.
31:09 – I think every day is a learning experience even if you’re excited, explanation there of the I can see based adjustment like that that’s new information. For me to fully understand I thought I grasped it and now I really do grasp it so I think you should always be learning.
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