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> And then when the next "top N burger joints in America" list comes out that everyone goes crazy for and all the burger-tourists start going somewhere else now
by antidesitter 8y ago
> And then when the next "top N burger joints in America" list comes out that everyone goes crazy for and all the burger-tourists start going somewhere else now you've lost your local customer base and you might go out of business regardless.
Then lower your prices again to match demand. It's almost as if prices aren't set in stone.
- InclinedPlane 8y agoYou're missing the important detail here: you've destroyed the relationship with your local regulars. They aren't going to return just because prices are affordable, they're going to find other places to be their regular burger shop.
- antidesitter 8y ago> They aren't going to return just because prices are affordable I seriously doubt it. Do you have any empirical evidence for this?