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.
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:
🇺🇸 USA (and general countries): 100% original price
🇮🇳 India (and selected countries): -60% off original price
🇪🇺 Europe Region: -30% off original price
An example when Mentor sets $100 for Advance (this is calculated excluding fees):
🇺🇸 USA (and general countries): User pays $100
🇮🇳 India (and selected countries): User pays $40
🇪🇺 Europe Countries: User pays $70