Chapter
Adapting Dynamic Pricing for Reservations to Non-Restaurant Businesses
1:36:19 - 1:45:28 (09:08)
RESY, a hospitality reservation and payment processing platform, shares how they adapted their dynamic and variable pricing for the restaurant industry to cater to other businesses such as furniture stores and grocery stores with time-slotted operations during the pandemic. The adjustments have resulted in increased productivity for their team, and they are receiving positive feedback from businesses using their product.
Clips
The companies that have the potential for success are the ones that enter established industries with the mindset of doing it better, like Zoom did with video conferencing and Google did with search engines.
1:36:19 - 1:38:26 (02:06)
Summary
The companies that have the potential for success are the ones that enter established industries with the mindset of doing it better, like Zoom did with video conferencing and Google did with search engines.
ChapterAdapting Dynamic Pricing for Reservations to Non-Restaurant Businesses
Episode#429: Nick Kokonas on Resurrecting Restaurants, Skin in the Game, and Investing
PodcastThe Tim Ferriss Show
A discussion on how COVID-19 has impacted the restaurant industry and how one company has had to pivot their business and product in response to the pandemic.
1:38:26 - 1:40:25 (01:59)
Summary
A discussion on how COVID-19 has impacted the restaurant industry and how one company has had to pivot their business and product in response to the pandemic.
ChapterAdapting Dynamic Pricing for Reservations to Non-Restaurant Businesses
Episode#429: Nick Kokonas on Resurrecting Restaurants, Skin in the Game, and Investing
PodcastThe Tim Ferriss Show
A team of 12 to 15 design and engineering professionals came together to create a carryout platform in just one week to help restaurants operate during the pandemic.
1:40:25 - 1:42:30 (02:05)
Summary
A team of 12 to 15 design and engineering professionals came together to create a carryout platform in just one week to help restaurants operate during the pandemic. The platform has reached a million orders per day in just four weeks and has transformed the way restaurants manage their inventory.
ChapterAdapting Dynamic Pricing for Reservations to Non-Restaurant Businesses
Episode#429: Nick Kokonas on Resurrecting Restaurants, Skin in the Game, and Investing
PodcastThe Tim Ferriss Show
Talk, a restaurant reservation and management platform, has found success implementing its dynamic pricing system for time-slotted businesses beyond just the restaurant industry.
1:42:31 - 1:45:28 (02:56)
Summary
Talk, a restaurant reservation and management platform, has found success implementing its dynamic pricing system for time-slotted businesses beyond just the restaurant industry. As a result of the pandemic, Talk has expanded into furniture stores and grocery stores to help manage reservations, meeting the needs of new customers.