Step 2: Setting the Optimal Base Price for Your Listings

07:47 mins
J

Jenny

Updated on Nov 26, 2024

We talked about setting a base price, and let me tell you—it’s the unsung hero of your pricing strategy. A well-set base price ensures your rates stay competitive, flexible, and aligned with your revenue goals. Think of it as the GPS for your pricing journey: without it, you’re just guessing.

If you haven’t set your base price yet, it’s like driving blindfolded and hoping for the best. Start with PriceLabs’ Base Price Help tool — it’s like having a co-pilot who actually knows where they’re going. Tweak it a bit to suit your property’s unique vibe, but don’t fall into the trap of overanalyzing. The goal is progress, not perfection.

  1. Setting your base price. Please read the help article here.