Hoping this is a rational respectful conversation
[QUOTE=BadMan]So in your opinion, because of the global economy, everybody should be cutting prices?
Does this mean I will now ask my lawyer, doctor, and accountant for a " discount " because of the bad economy?
Should they be halving their hourly rates in order to drum up more business?
I think every one wants to pay less, but no one wants to get paid less.
In the end people should worry about their own wallets. It is easy for me to say " lower your prices ", but would I do the same?
Regards,
BM.[/QUOTE]If your lawyer, doctor, or accountant is losing business due to market conditions they can adapt or die no? Privado visitation is down 50% according to this article. You don't ask for a discount simply because "times are tough" but when times are tough then somebody that wants to stay in business had best come up with some creative new ways to bring in new business. Privado specific, 921 used to have a deal where you got two girls for 40 minutes at 120% of the cost of a single girl for an hour, they ran it in the afternoon when trade was slow. Because of this special and my particular fetish 921 got a fair amount of my business. When they stopped this and raised their price 50% for an hour my business went to the Privado on Uruguay. I'm not saying I'm asking for discounts, I'm saying that if business as a whole is down 50% and you want to stay in business raising your prices (as is common in Argentina) isn't a great way to do it.
In your business if suddenly in the next 6 months your occupancy rate fell to 50% or lower wouldn't you do something to adjust to that market condition? Would your answer be to raise prices? Knowing you I suspect you might offer a free day, perhaps figure out some extra personal services you could provide your customers, maybe start throwing in some tango shows or something. But you would recognize the problem and do something to address it besides raising prices, you would first think to add value no?
Again not busting ass, just having a reasoned discussion.