Pricing

Most rental products are better off if you add a set of pricing rules, instead of having a flat pricing by hour or day. Which set of pricing rules make the most sense will solely depend on your product and business model.

For example if you have a product that is rented out over multiple days, it’s advisable to reduce the price with growing duration. In case you rent our rather on hourly basis, it makes sense to also give discounts for less interesting times during the day like early in the morning or later in the day. Generally it is highly recommended to differentiate between working days and the weekend, since most people won’t be able to spend a lot of time between Monday and Friday afternoon.

Pricing rule options

You can pick from either adding a surplus or discount as well as for cases define absolute prices for each day of the week.

Rule types

Depending on your preferred adjustment methods you can add multiple rules to combine them to one detailed pricing model.

• Weekends

• Prime season

• Temporal adjustment

• Quantity discount

• Free day(s)

• Absolute surcharge

• Relational degression

• Seasonal surcharge

• Weekdays

Save rules as templates

You can create your own templates to reuse over multiple of your articles, in case they have their price is identical. Navigate to Settings / Pricing to create a new template.

Add a time restraint

In case you want that the pricing rule will only apply on certain days or dates, you can add a time restraint to limit the discount to certain time periods.

→ Read more about time restraint

Order of rules

You can alternate the order of the rules, which has an impact on the final price as displayed in this example:

Example set of rules

A classic is to combine a Temporal reduction rule (to lower pricing based on longer duration) with a Weekend rule (to rise prices for the weekend) and a Season rule (to increase prices in your prime season).