If you are looking to make use of conditional pricing, you must first enable autosave. Conditional pricing requires autosave leads to be turned on. To turn this on, go to Settings -> General Preferences -> scroll down and select Autosave Leads:
Once you have turned this on, save and close.
Conditional Pricing
Conditional pricing is a strategy within the software where the price of your products is adjusted based on specific conditions met. These conditions can be based off of demand and time/date of rentals. This also provides a flexible pricing system. Here are two key aspects of conditional pricing:
- Demand-Based Pricing:
- Prices are adjusted based on the level of demand. Higher demand periods may see increased prices, while lower demand periods might have reduced prices.
- Time-Based Pricing:
- Prices change according to the time of day, week, or season. This is common in the rental industry, where prices are higher during peak seasons, weekends, holidays or overnight and lower during off-peak times.
Most rental companies frequently employ conditional pricing for overnight rentals at an additional cost. If you intend to implement an overnight charge, there are several methods to achieve this within the software. The preferred method is by using Promotions & Fees. However, you can also set this up using conditional pricing.