Your full outsource retail operating partner

Smart Pricing

In addition to our core outsource retail business, we have partnered with Curiositas, https://curiositas.co.za, to bring Smart Pricing (a.k.a. Dynamic Pricing) to the South African events and attractions industry.

Together, we are proud to represent Event Dynamic,   https://www.eventdynamic.com, the world’s leading AI machine-learning solution written specifically to price tickets for events and attractions.

Smart pricing (13)
Smart pricing (15)
Smart pricing (16)
Smart pricing (18)

Why? Why Now?

Smart pricing is ubiquitous. Airline tickets, hotel rooms, taxi rides, concert tickets… even physical goods sold online are now priced dynamically. Smart pricing is coming to every industry.

Revenue = Quantity x Price

  • Smart pricing means correct pricing, not higher pricing. The result is a smoothing of capacity, improved customer satisfaction and increased yield and revenue. Smart pricing satisfies price sensitive customers (eg. locals) and time sensitive customers (eg. tourists).

We work as follows: 

 

  • Initial gap analysis by data scientists.
  • Holistic consultation and a Crawl->Walk->Run strategy.

Our system calculates an unfettered smart price. Initially, we constrain this per your business rules, which are based on your market’s sensitivities. 

The goal is to ease these constraints over time. 

  • Custom integrations.

Supply and demand factors differ for every business. Some are weather-dependent, others big-game dependent. All clients require custom data inputs and custom pricing algorithms.

  • Risk-free, no upfront cost .

We take on all the upfront risk and price our services on a win-win revenue sharing model. 

  • We don’t lock clients in; our tech pays its way, every day.
  • Clients typically achieve 20% – 80% revenue increases.
  • Our solution provides for open channel distribution, and is agnostic as to your ticketing provider.

See some of our articles in the press below: