What is Dynamic Pricing?
Dynamic pricing, also known as demand-based pricing or surge pricing, is a pricing strategy where the price of a product or service is continuously adjusted in response to various factors and conditions, such as changes in demand, supply, competition, or other market dynamics.
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The goal of dynamic pricing is to maximize revenue by setting prices that reflect the current market conditions and consumer willingness to pay.
Pricing Structure:
๐บ๐ธ USA (and general countries): 100% original price
๐ฎ๐ณ India (and selected countries): -60% off original price
๐ช๐บ Europe Region: -30% off original price
An example when Mentor sets $100 for Advance (this is calculated excluding fees):
๐บ๐ธ USA (and general countries): User pays $100
๐ฎ๐ณ India (and selected countries): User pays $40
๐ช๐บ Europe Countries: User pays $70