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  • Customized pricing

    From JAB@21:1/5 to All on Sun Aug 3 21:39:35 2025
    Personalized pricing has spread across many industries. Here's how
    consumers can avoid it
    ...
    ...
    Customized pricing - where each customer receives a different price
    for the same product - is a holy grail for businesses because it
    boosts profits. With customized pricing, free-spending people pay more
    while the price-sensitive pay less. Just as clothes can be tailored to
    each person, custom pricing fits each person's ability and desire to
    pay.
    ...
    Recently, Delta Air Lines announced it would expand its use of
    artificial intelligence to provide individualized prices to customers.
    This move sparked concern among flyers and politicians. But Delta
    isn't the only business interested in using AI this way. Personalized
    pricing has already spread across a range of industries, from finance
    to online gaming.
    ...
    An old joke illustrates this process. Once, a very rich man was riding
    in his carriage at breakfast time. Hungry, he told his driver to stop
    at the next restaurant. He went inside, ordered some eggs and asked
    for the bill. When the owner handed him the check, the rich man was
    shocked at the price. "Are eggs rare in this neighborhood?" he asked.
    "No," the owner said. "Eggs are plentiful, but very rich men are quite
    rare."
    ...
    Currently, most American shoppers don't bargain but instead see set
    prices. Many scholars trace the rise of set prices to John Wanamaker's Philadelphia department store, which opened in 1876. In his store,
    each item had a nonnegotiable price tag. These set prices made it
    simpler for customers to shop and became very popular.

    https://www.pbs.org/newshour/economy/personalized-pricing-has-spread-across-many-industries-heres-how-consumers-can-avoid-it

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Michael Trew@21:1/5 to JAB on Mon Aug 4 22:00:53 2025
    On 8/3/2025 10:39 PM, JAB wrote:
    Personalized pricing has spread across many industries. Here's how
    consumers can avoid it
    ...
    ...
    Customized pricing - where each customer receives a different price
    for the same product - is a holy grail for businesses because it
    boosts profits. With customized pricing, free-spending people pay more
    while the price-sensitive pay less. Just as clothes can be tailored to
    each person, custom pricing fits each person's ability and desire to
    pay.
    ...
    Recently, Delta Air Lines announced it would expand its use of
    artificial intelligence to provide individualized prices to customers.
    This move sparked concern among flyers and politicians. But Delta
    isn't the only business interested in using AI this way. Personalized
    pricing has already spread across a range of industries, from finance
    to online gaming.
    ...
    An old joke illustrates this process. Once, a very rich man was riding
    in his carriage at breakfast time. Hungry, he told his driver to stop
    at the next restaurant. He went inside, ordered some eggs and asked
    for the bill. When the owner handed him the check, the rich man was
    shocked at the price. "Are eggs rare in this neighborhood?" he asked.
    "No," the owner said. "Eggs are plentiful, but very rich men are quite
    rare."
    ...
    Currently, most American shoppers don't bargain but instead see set
    prices. Many scholars trace the rise of set prices to John Wanamaker's Philadelphia department store, which opened in 1876. In his store,
    each item had a nonnegotiable price tag. These set prices made it
    simpler for customers to shop and became very popular.

    https://www.pbs.org/newshour/economy/personalized-pricing-has-spread-across-many-industries-heres-how-consumers-can-avoid-it


    Working at the antique mall, every customer thinks it's a yard sale and
    that they can haggle. LOL, try that at Walmart...

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JAB@21:1/5 to All on Mon Aug 4 21:25:15 2025
    On Mon, 4 Aug 2025 22:00:53 -0400, Michael Trew <michael.trew@att.net>
    wrote:

    Working at the antique mall, every customer thinks
    it's a yard sale and that they can haggle.

    I hope they learn to Google prices before buying online.

    Recently, I bought a Bosch ignition module, and saw a price swing of
    $100.00+ markup from what I paid for it.

    There are on-line companies who are not bashfully about digging into
    your pocket. Even at Amazon, I saw the same ignition module
    (aftermarket) with a price swing of some $70.00. Unknown if same
    reseller or not...didn't check.

    Walmart

    Overall, prices are within reason, but Wally will markup higher
    various products...same with other brick-n-mortar stores.

    With online markets, consumers should be aware of their new game.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)