Bank of NH Pavilion

John Mercier · 03-10-2023, 09:11 AM

Quote:

Originally Posted by Biggd

"dynamic pricing" is nothing more than legal price gouging.

It is a pricing method designed to create customer efficiency.
Supply/demand is more periodic than in the past... so prices must move up and down more quickly to adapt to the supply-demand ratio.

Biggd · 03-10-2023, 09:26 AM

Quote:

Originally Posted by John Mercier

It is a pricing method designed to create customer efficiency.
Supply/demand is more periodic than in the past... so prices must move up and down more quickly to adapt to the supply-demand ratio.

"Legal price gouging", it's no different than if you had a load of 2x4's and no one else had them, so you jack up the price because you can.
The Red Sox do this now, a ticket to see the Yankees play the Sox is much higher than going to watch a crappy team, for the same seat, "legal price gouging,"
$12.00 for a beer, "legal price gouging".
You may call it something different but I call it what it is, "legal price gouging".
They don't allow gas stations to "price gouge" when they have the supply and other stations don't, because that's a product that everyone needs on a daily basis.

John Mercier · 03-10-2023, 09:46 AM

The market sets the price.
If everyone needs the 2x4s at the same time the price goes up.
We do it every time we get a new delivery of 2x4s. The faster they sell the faster the price moves.

Dynamic pricing handles the service side rather than the product side of the transaction - unlike in the past where customers would plan ahead.

root1 · 03-10-2023, 10:00 AM

It's a matter of Price & Demand.
I'm doing my part: The price is too high for me; so, I'm not attending any concerts there until the price is lowered to my expectations.
I urge others to do the same.

Biggd · 03-10-2023, 12:18 PM

Quote:

Originally Posted by John Mercier

The market sets the price.
If everyone needs the 2x4s at the same time the price goes up.
We do it every time we get a new delivery of 2x4s. The faster they sell the faster the price moves.

Dynamic pricing handles the service side rather than the product side of the transaction - unlike in the past where customers would plan ahead.

I owned a service business for over 35 years. I know the difference between market price and price gouging.

John Mercier · 03-10-2023, 12:46 PM

You probably don't have demand well beyond supply.
Dynamic pricing has been around for awhile.

https://en.wikipedia.org/wiki/Dynamic_pricing

Price gouging is usually a term that references necessities.
Since most of these things are not necessities... simply not buying them should make the dynamic pricing lead to a decrease in the price.

We saw that in 2x4s in the Spring of 2019... but now the pricing is back to normal.
It wasn't people needed to build, it was they wanted to build.

Biggd · 03-10-2023, 12:52 PM

I'll leave it at that, I know John likes to get in the last word.

John Mercier · 03-10-2023, 03:32 PM

You could just look up the terms, and what they mean.

Businesses don't like to be accused, even in the general, of criminal practices.
Dynamic pricing helps us get through to customers things that just telling them doesn't.

They get used to using up resources and having collective pricing cover their personal desires. But companies have to compete, so the collective pricing allows them to use high demand for high pricing and low demand for low pricing in a manner that seeks to balance the difference.

For instance...
In my world, white/white windows 4-6 weeks... black/black 13-18 weeks.
The industry stopped trying to fill the demand for black/black at a cost to the customers that were looking for the more basic white/white.

The difference in pricing is also now remarkable.

For the music medium, it used to be how close to the stage you got. Now the demand in certain instances are so high... especially for specific dates/times... they make the dynamic adjustment to fill the seats on the dates/times that would not be full.

Restaurants are also looking at some of that dynamic, but do it with specials for times that are slow. What the restaurant doesn't make during the specials, it needs to make during the other occasions to keep the doors open.

Even the concept of ''loss leaders'' in retail seems to no longer work with the modern internet allowing people to quickly cross shop.

8gv · 03-10-2023, 08:08 PM

In the comments above I would add that as one ages, sitting close to the stage, is less desirable than sitting where one can get to the restroom easily.

TiltonBB · 03-10-2023, 08:48 PM

You see the same thing in cars.

Dealers will post a separate side sticker on high demand vehicles with a "Market Adjustment" adding to the cost of the car and the dealer's profit.

Some dealers will load vehicles with things you didn't ask for and probably wouldn't want to pay for like nitrogen in the tires, wheel locks, and ceramic coating. The dealer's "ceramic coating" is probably Pledge but you have no way of disputing it.

It is all about supply and demand and getting the maximum price for your product.

John Mercier · 03-10-2023, 09:17 PM

You see dynamic pricing on websites that tell you to enter your zip code to get accurate costing at your nearby store.

I only noticed it when customers started asking what the same item at our store costs as comparison to our sister stores. We don't have dynamic pricing, so the cost is set across the company.

dickiej · 03-10-2023, 10:56 PM

Quote:

Originally Posted by 8gv

In the comments above I would add that as one ages, sitting close to the stage, is less desirable than sitting where one can get to the restroom easily.

….and, as a 70 year old veteran of many, many, rock concerts, sitting next to the speakers, I can only add: “What?”

sky's · 03-14-2023, 05:40 PM

Quote:

Originally Posted by Biggd

I'll leave it at that, I know John likes to get in the last word.

so happy John was relocated to the Bristol store.

John Mercier · 03-15-2023, 07:20 AM

It was a choice I had the option to make... so I made it.

I adapted well to the island/seasonal folks... but not to the newer crowd.
Meredith has added staff to cover what I used to do. And for my favorites they just order out of Bristol and we deliver from here.

Mr. V · 03-19-2023, 12:43 PM

Ticket prices are insane: inexcusable greed.

For example, I'd like to see Foreigner this summer, but the ticket cost at Meadowbrook is laughable.

Heck, back in the day I saw Led Zep in Philly for about five or six bucks IIRC.

Shame!

map · 03-20-2023, 06:12 PM

I live in the Weirs and never been there. Too expensive. Too old to deal with lawn seats and the threat of rain. Plus you can’t see and have to watch the big screens anyway. What’s the point? I can stay home and watch stuff on my own tv screen.

Plus the parking. No way would I buy drinks there either. I don’t need to drink at a concert. I go to listen to the music. I don’t need to eat or tailgate either.

I did for the first time purchase 2 tickets (to see Chase Rice) st the Hampton Casino Ballroom for like $30 each standing room only for the whole venue. Never been, but at least more intimate and affordable. Parking is free I believe.

Unfortunately I just had spine surgery so I’m keeping my fingers crossed I’ll be able to handle it - the standing. My husband and I will probably be the oldest people in the room. Lol!

Hey- it’s my birthday present.

03-19-2023, 12:43 PM	#15
Mr. V Senior Member Join Date: Jun 2004 Location: the left coast (Portland)and West Alton Posts: 1,332 Thanks: 61 Thanked 235 Times in 159 Posts	Ticket prices are insane: inexcusable greed. For example, I'd like to see Foreigner this summer, but the ticket cost at Meadowbrook is laughable. Heck, back in the day I saw Led Zep in Philly for about five or six bucks IIRC. Shame! __________________ basking in the benign indifference of the universe

03-10-2023, 09:46 AM	#3
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,029 Thanks: 2 Thanked 531 Times in 437 Posts	The market sets the price. If everyone needs the 2x4s at the same time the price goes up. We do it every time we get a new delivery of 2x4s. The faster they sell the faster the price moves. Dynamic pricing handles the service side rather than the product side of the transaction - unlike in the past where customers would plan ahead.

03-10-2023, 10:00 AM	#4
root1 Senior Member Join Date: Jun 2020 Location: Alton Bay Posts: 54 Thanks: 21 Thanked 21 Times in 15 Posts	It's a matter of Price & Demand. I'm doing my part: The price is too high for me; so, I'm not attending any concerts there until the price is lowered to my expectations. I urge others to do the same.

The Following 2 Users Say Thank You to root1 For This Useful Post:
Biggd (03-10-2023), thinkxingu (03-10-2023)

03-10-2023, 12:46 PM	#6
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,029 Thanks: 2 Thanked 531 Times in 437 Posts	You probably don't have demand well beyond supply. Dynamic pricing has been around for awhile. https://en.wikipedia.org/wiki/Dynamic_pricing Price gouging is usually a term that references necessities. Since most of these things are not necessities... simply not buying them should make the dynamic pricing lead to a decrease in the price. We saw that in 2x4s in the Spring of 2019... but now the pricing is back to normal. It wasn't people needed to build, it was they wanted to build.

03-10-2023, 12:52 PM	#7
Biggd Senior Member Join Date: Nov 2016 Location: Waltham Ma./Meredith NH Posts: 3,766 Thanks: 1,978 Thanked 1,073 Times in 678 Posts	I'll leave it at that, I know John likes to get in the last word.

The Following 2 Users Say Thank You to Biggd For This Useful Post:
granitebox (03-10-2023), ishoot308 (03-10-2023)

03-10-2023, 03:32 PM	#8
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,029 Thanks: 2 Thanked 531 Times in 437 Posts	You could just look up the terms, and what they mean. Businesses don't like to be accused, even in the general, of criminal practices. Dynamic pricing helps us get through to customers things that just telling them doesn't. They get used to using up resources and having collective pricing cover their personal desires. But companies have to compete, so the collective pricing allows them to use high demand for high pricing and low demand for low pricing in a manner that seeks to balance the difference. For instance... In my world, white/white windows 4-6 weeks... black/black 13-18 weeks. The industry stopped trying to fill the demand for black/black at a cost to the customers that were looking for the more basic white/white. The difference in pricing is also now remarkable. For the music medium, it used to be how close to the stage you got. Now the demand in certain instances are so high... especially for specific dates/times... they make the dynamic adjustment to fill the seats on the dates/times that would not be full. Restaurants are also looking at some of that dynamic, but do it with specials for times that are slow. What the restaurant doesn't make during the specials, it needs to make during the other occasions to keep the doors open. Even the concept of ''loss leaders'' in retail seems to no longer work with the modern internet allowing people to quickly cross shop.

03-10-2023, 08:08 PM	#9
8gv Senior Member Join Date: Jan 2012 Posts: 2,014 Thanks: 61 Thanked 703 Times in 457 Posts	In the comments above I would add that as one ages, sitting close to the stage, is less desirable than sitting where one can get to the restroom easily.

The Following User Says Thank You to 8gv For This Useful Post:
Meredith AK (03-10-2023)

03-10-2023, 08:48 PM	#10
TiltonBB Senior Member Join Date: Feb 2005 Location: Gilford, NH and Florida Posts: 2,912 Thanks: 647 Thanked 2,163 Times in 906 Posts	You see the same thing in cars. Dealers will post a separate side sticker on high demand vehicles with a "Market Adjustment" adding to the cost of the car and the dealer's profit. Some dealers will load vehicles with things you didn't ask for and probably wouldn't want to pay for like nitrogen in the tires, wheel locks, and ceramic coating. The dealer's "ceramic coating" is probably Pledge but you have no way of disputing it. It is all about supply and demand and getting the maximum price for your product.

03-10-2023, 09:17 PM	#11
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,029 Thanks: 2 Thanked 531 Times in 437 Posts	You see dynamic pricing on websites that tell you to enter your zip code to get accurate costing at your nearby store. I only noticed it when customers started asking what the same item at our store costs as comparison to our sister stores. We don't have dynamic pricing, so the cost is set across the company.

03-15-2023, 07:20 AM	#14
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,029 Thanks: 2 Thanked 531 Times in 437 Posts	It was a choice I had the option to make... so I made it. I adapted well to the island/seasonal folks... but not to the newer crowd. Meredith has added staff to cover what I used to do. And for my favorites they just order out of Bristol and we deliver from here.

03-20-2023, 06:12 PM	#16
map Senior Member Join Date: Jul 2019 Location: The Weirs Posts: 208 Thanks: 159 Thanked 65 Times in 48 Posts	I live in the Weirs and never been there. Too expensive. Too old to deal with lawn seats and the threat of rain. Plus you can’t see and have to watch the big screens anyway. What’s the point? I can stay home and watch stuff on my own tv screen. Plus the parking. No way would I buy drinks there either. I don’t need to drink at a concert. I go to listen to the music. I don’t need to eat or tailgate either. I did for the first time purchase 2 tickets (to see Chase Rice) st the Hampton Casino Ballroom for like $30 each standing room only for the whole venue. Never been, but at least more intimate and affordable. Parking is free I believe. Unfortunately I just had spine surgery so I’m keeping my fingers crossed I’ll be able to handle it - the standing. My husband and I will probably be the oldest people in the room. Lol! Hey- it’s my birthday present.