How Does Smart Pricing Work?

Article Summary: Learn how Smart Pricing can boost your revenue by raising appointment prices during high-demand periods, what you'll pay for this feature, and how it affects your checkout requirements.

What is Smart Pricing?

Get paid what your time is really worth with Smart Pricing. Our advanced technology analyzes your business, identifies your most popular time slots, and raises the prices slightly to match their true value. This allows clients who really need your prime booking times to get them more often. Clients who are more flexible can always get one of your regular booking times for your standard price. This all happens automatically so you can make more money and make clients happier without lifting a finger. 

How it Works 

• Our Smart Pricing feature identifies your most popular time slots and raises the prices by 20% (up to $50) to match their true value.
  
• When your clients book online, they will see a slight price increase on your most popular time slots. 
• For all Smart Pricing appointments, the card on file will be charged automatically one hour after the appointment ends -- no need for your client to pull out their wallet! 
  
• You’ll see your extra earnings in a breakdown in the appointment details. 
• An automatic 20% tip will be included, or your client can add a custom tip from the text message we send them during and after the appointment.
• If there is a problem with the card on file, the appointment will appear red on your calendar.
• You can disable this feature from a specific appointment by clicking the “disable” link inside of the appointment details. This will revert the price to the original amount, and remove all mention of Smart Pricing from the appointment. 

What are the Benefits?

Charge Right, Earn More:

• Prices are slightly adjusted, tapping into clients’ willingness to pay thus optimizing revenue from high-demand slots.
• Take the guesswork out of pricing - our technology ensures you always charge the right amount.
• Typically Pros earn an average of $3K extra annually just by keeping Smart Pricing ON

What You'll Pay?

Basic Plan: 5.25% of the service cost (max fee is $50, *max amount may vary depending on the number of additional services included in the appointment).

Premium Plan: 5.5% of the service cost (max fee is $16.50, *max amount may vary depending on the number of additional services included in the appointment).

Premium Plan Example

So for paying $16.50, you will earn an additional $63.50 automatically without raising a finger.

What is the Checkout Process? 

For all Smart Pricing appointments, the card on file will be charged automatically one hour after the appointment ends - no need for clients to pull out their wallet!

An automatic 20% tip will be included, or your client can add a custom tip from the text message we send them after the appointment.

Your client will see the price increase at the time of booking alongside education for them to learn more about the increase.

Can I turn Smart Pricing off?

If you are the Premium plan and feel that Smart Pricing is currently not the right fit, you can turn it off in the Smart Pricing settings screen. You can always turn it back on when you are ready to use it.

If you are on the Basic plan, upgrade to Premium to control Smart Pricing ON or OFF.