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08-26-2010, 10:46 PM
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#16
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Valued Poster
Join Date: Jan 29, 2010
Location: Houston
Posts: 1,854
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Quote:
Originally Posted by subcilla
i ran a back to school special and worked every day this week, but today. And that was only due to a cancellation. Bite Your pride and run a hellofa special and they will come. No offense intended, as i had to think twice about going as low as i did, and what the repercussions may be when i decide to go back to my normal rates. But tough times call for tough measures.
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Economics 101:
Supply and Demand: If Supply is constant and demand drops, price must drop for demand to return to normal. If Supply is constant and demand goes up, price will rise until demand is satisfied.
Two terms you have to become familiar with;
Opportunity Cost : What must be given up (the next best alternative) as a result of the decision based upon scarcity of resources.
Relative Price: The price of one choice in relation to the price of what would be given up.
If Provider A charges X and Provider B charges 2X and a Hobbyist has 2X in his pocket, his choices are to see Provider A twice or Provider B once due to the scarcity of resources (discretionary spending). One provider is the opportunity cost of choosing the other provider. The Realtive Price of a session with Provider B is Two sessions with Provider A or 2:1 or double.
In good economic times consumers will buy more expensive items that they consider a better value. During difficult economic times consumers will buy the lower priced product since it represents a better value to them. If the expensive item is suddenly the same price as the lesser one, then the Relative Cost is 1 (no price difference ... no brainer) , and the consumer will opt for the previously more expensive choice .
When the economy improves and Provider B raises her rates back to the previous higher Price, the consumer will still opt to buy the more expensive item.
BTW.. SubCilla... you get an "A" in economics... 
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08-26-2010, 10:51 PM
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#17
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Retired Irish Tart
User ID: 3552
Join Date: Dec 31, 2009
Location: Secluded in the deep, dark, spooky woods at the Irish Chihuahua Refuge.
Posts: 9,804
My ECCIE Reviews
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Everybody ought to run a special once in a while, like an expensive restaurant that puts out a rare coupon. Invite people in for a new taste experience!
Some weeks a girl can't give herself away, other weeks she doesn't even have time to spend the money she's making. Next week I'm booked nearly every day, and thank you, gentlemen, for letting me improve my economy by stimulating your anatomy.
'Tis the nature of the business to go up and down - literally.
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08-26-2010, 10:54 PM
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#18
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Account Disabled
User ID: 2211
Join Date: Nov 1, 2009
Location: North West Houston
Posts: 744
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Yes this is true, but at my normal rate the phone wasnt ringing bc it wasnt affordable right now. Rent car kids they all dont stop, so i dropped prices half fold almost and im booked all this week and 3 days of next. You just wont see it @150 hr w a 2 hr min right now. Sorry, just trying to help. i am working twice as hard twice as long but im paying the bills It just cant always come so easy, all the time.
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08-26-2010, 10:57 PM
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#19
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Retired Irish Tart
User ID: 3552
Join Date: Dec 31, 2009
Location: Secluded in the deep, dark, spooky woods at the Irish Chihuahua Refuge.
Posts: 9,804
My ECCIE Reviews
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Quote:
Originally Posted by ThatManFromTexas
...BTW.. SubCilla... you get an "A" ...
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Looks like a "D" to me.
(Booblicious avatar photo.)
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08-26-2010, 10:59 PM
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#20
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Valued Poster
Join Date: Jan 29, 2010
Location: Houston
Posts: 1,854
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Quote:
Originally Posted by subcilla
Yes this is true, but at my normal rate the phone wasnt ringing bc it wasnt affordable right now. ... so i dropped prices half fold almost and im booked all this week and 3 days of next. You just wont see it @150 hr w a 2 hr min right now. Sorry, just trying to help. i am working twice as hard twice as long but im paying the bills It just cant always come so easy, all the time.
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First rule of business... stay in business ...
You Go Gurl... 
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08-26-2010, 11:01 PM
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#21
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Valued Poster
Join Date: Jan 29, 2010
Location: Houston
Posts: 1,854
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Quote:
Originally Posted by Fancyinheels
Looks like a "D" to me.
(Booblicious avatar photo.)
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Ahem... "A" in economics... "DDD" in architecture ...
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08-26-2010, 11:08 PM
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#22
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Retired Irish Tart
User ID: 3552
Join Date: Dec 31, 2009
Location: Secluded in the deep, dark, spooky woods at the Irish Chihuahua Refuge.
Posts: 9,804
My ECCIE Reviews
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Quote:
Originally Posted by ThatManFromTexas
Ahem... "A" in economics... "DDD" in architecture ... |
My support structures are jealous.
(Psssst...yngtxn...instead of a witch this year, how 'bout a pagan nature nymph dancing 'round your wood? A Frence maid dusting your wood? A Bohemian artist lip-brushing your wood with edible body paints? A pirate lass to walk your wood? Now taking suggestion for Fancy's Halloween costumes.)
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08-26-2010, 11:14 PM
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#23
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Valued Poster
Join Date: Jan 29, 2010
Location: Houston
Posts: 1,854
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Quote:
Originally Posted by Fancyinheels
My support structures are jealous.
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The scale of an art project is not as important as the artistic integrity of the artist...
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08-26-2010, 11:28 PM
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#24
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Valued Poster
Join Date: Jan 4, 2010
Location: On Top Of You!
Posts: 935
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Quote:
Originally Posted by Fancyinheels
My support structures are jealous.
(Psssst...yngtxn...instead of a witch this year, how 'bout a pagan nature nymph dancing 'round your wood? A Frence maid dusting your wood? A Bohemian artist lip-brushing your wood with edible body paints? A pirate lass to walk your wood? Now taking suggestion for Fancy's Halloween costumes.)
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OMG... fancy I think I just had a virtual session with you.
I have to go clean up.
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08-27-2010, 12:10 AM
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#25
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Account Disabled
User ID: 2211
Join Date: Nov 1, 2009
Location: North West Houston
Posts: 744
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Quote:
Originally Posted by yngtxn
OMG... fancy I think I just had a virtual session with you.
I have to go clean up.
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lol, now pay the lady! we are working girls, lol
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08-27-2010, 12:26 AM
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#26
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Valued Poster
Join Date: Jan 4, 2010
Location: On Top Of You!
Posts: 935
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Yes'm!
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08-27-2010, 07:23 AM
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#27
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Valued Poster
Join Date: Jan 29, 2010
Location: Houston
Posts: 1,854
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Quote:
Originally Posted by subcilla
lol, now pay the lady! we are working girls, lol
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An empowered, aggressive Sub... the irony of the paradox is flummoxing... 
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08-27-2010, 09:32 AM
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#28
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Making Pussy Great Again
Join Date: Jan 4, 2010
Location: In your closet, in your head...
Posts: 16,091
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Quote:
Originally Posted by ThatManFromTexas
Economics 101:
If Provider A charges X and Provider B charges 2X and a Hobbyist has 2X in his pocket, his choices are to see Provider A twice or Provider B once due to the scarcity of resources (discretionary spending). One provider is the opportunity cost of choosing the other provider. The Realtive Price of a session with Provider B is Two sessions with Provider A or 2:1 or double.
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I fucking hate algebra! 
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08-27-2010, 10:19 AM
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#29
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Account Disabled
User ID: 2211
Join Date: Nov 1, 2009
Location: North West Houston
Posts: 744
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Quote:
Originally Posted by ThatManFromTexas
An empowered, aggressive Sub... the irony of the paradox is flummoxing... |
sexually submissive otherwise my sign and last name mean the bull, lol
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08-27-2010, 11:05 AM
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#30
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Gaining Momentum
Join Date: Aug 23, 2010
Location: Houston
Posts: 54
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I also am self employed and understand this conversation only too well. I have had
to drop my prices to get a positive cash flow. I have peers that have made comments
as reported here and laughed off lowering prices. Today, I am doing more volume
and less per unit sales, and my peers that have not become competitive are talking
about going out of business and no money.
Economy and competition makes the market price for whatever commodity
you choose to think about.
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