Effective revenue management is essential to storage growth, especially when your site is full. Delve into effective pricing strategies such as supply-demand elasticity and reinforcement-learning models.

Speaker: Jed Isom, Founder, Price Monster LLC
Format: Streaming video
Duration: Approximately 50 minutes

Beyond Dynamic Pricing: Technology-Driven Revenue Management for Self-Storage
Fortunately, there are cutting-edge technologies that can transform manual processes to automate and optimize rates. In this session, you’ll delve into pricing strategies, including rule-of-thumb methods, supply-demand elasticity and reinforcement-learning models. Explore the new frontier of algorithms!

You'll learn:

• The importance of revenue management
• Cutting-edge technologies that can transform manual processes
• Rules of thumb for automated pricing
• Optimization via supply-demand elasticity models
• How pricing algorithms work via reinforcement-learning models

This product is also included as part of the following discount packages:

Total Self-Storage Solutions 2024 Education Video Package
Self-Storage Operator Essentials 2024 Education Video Package
Self-Storage Innovation 2024 Education Video Package