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All startups should be looking at their form conversion rates and tracking abandonment at the field level to find usability issues like this to fix. Even though
by calbear81 13y ago
All startups should be looking at their form conversion rates and tracking abandonment at the field level to find usability issues like this to fix. Even though AirBnB has helped the host set an initial price, the biggest area of opportunity is dynamic pricing that adjusts based on forecasted demand.
I saw that one company was tackling this by trying to use local hotel pricing as a proxy of demand and then tune prices for hosts to maximize revenue.
I wonder if AirBnB is trying to maximize occupancy or revenue when they suggest a price point for hosts?