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Pleasure or Pain

by Donald Davidoff | Apr 18, 2013 12:00:00 AM

Those of you who know me well know that my brother is a sales coach. Well, more than that but this blog isn’t really about him, so I’ll leave it as a gross simplification of what he does. He and I used to work together—he ran a sales team and I ran the service team for a membership group of travel agencies back in the 1990s. One of the first things I remember he taught me about sales and marketing is that people are motivated by only two things—they seek to avoid pain and they seek to gain pleasure. But it’s not symmetrical. We’re actually wired to put more attention to avoiding pain than to seeking pleasure. That’s why it’s easier to sell something to someone solving a crisis than it is to someone who’s doing very well and says they want to do better.

JC Penney Proves It’s Hard to Change Pricing Psychology

by Donald Davidoff | Apr 9, 2013 12:00:00 AM

Don’t know how many of you follow retail, but JC Penney just pulled the plug on one of the biggest experiments in pricing history—acknowledging it to...

An easy $120 a year

by Donald Davidoff | Apr 1, 2013 12:00:00 AM

Amenity pricing can be one of the tougher things to get right—but also one of the most lucrative. So here’s the shortest blog I’m likely to ever...

What are you AIMing for?

by Donald Davidoff | Mar 25, 2013 12:00:00 AM

So here’s a shameless plug for a good friend of mine, Steve Lefkovits and his conference, the Apartment Internet Marketing Conference. It’s going to...

Evaluating comps when pricing

by Donald Davidoff | Mar 19, 2013 12:00:00 AM

Understanding your competitive set when pricing is obviously important. If you’re constantly at low exposure, you can push pricing and ignore...

Pricing and Lease-ups

by Donald Davidoff | Mar 6, 2013 12:00:00 AM

In my post-NMHC Annual Meeting blog post, I promised a blog on dealing with all of the new supply on the horizon (with more surely to come). So here...

Thoughts from the NMHC Annual Meeting

by Donald Davidoff | Jan 26, 2013 12:00:00 AM

I just got back from the NMHC Annual meeting. Record attendance. So many meetings. Lots accomplished. I thought I’d share a few observations from the...

Pricing and Dispositions: When 12-1 does not equal 11+0

by Donald Davidoff | Jan 15, 2013 12:00:00 AM

The deal world. Gotta love it. Smart people doing deals worth tens of millions. Even hundreds of millions of dollars. Surely with that much money at...

The Magic of Zero

by Donald Davidoff | Jan 2, 2013 12:00:00 AM

Hopefully you’ve already heard of the work of Dan Ariely. If you haven’t, click on this link to his website as every modern-day pricer and/or...

To approve or not approve (or conditionally approve), that is the question

by Donald Davidoff | Dec 3, 2012 12:00:00 AM

Pricing is obviously the biggest lever for maximizing operating revenue—price too high and occupancy suffers; price too low and you’re leaving money...

33 cents, 3 for a dollar and other pricing anomalies

by Donald Davidoff | Nov 8, 2012 12:00:00 AM

So are you like me where your mind is always looking at pricing and doing the math? My apologies if you are—drives my wife crazy whenever we’re...
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