Based in jacksonville, florida, republic of research is a platform by brian london, ph.d. student at the university of florida, college of health and human performance. his posts explore scale development, survey design, research methodology, marketing implications and branding through interaction with sample documents.

Hotel Guest to Hotel GM...take my money!

Take my money!  When customers have a certain level of familiarity with a product or service, a Hotel GM can increase revenue by asking this direct pricing technique:  ask a customer if they would purchase a product or service at a specific price.  Then, change the price and ask respondents again if they would purchase the product or service.  Ask enough people and change the price increase by different amounts ($5, $10, $15, $20) or ($0.25, $0.50, $0.75, $1.00) and then use the results to determine demand at certain expected price points.  (Garbor-Granger technique).

Concept Testing