I haven’t been using it with Peerspace but do with another site.
I get 90+% of my bookings through PS, so maybe there is a correlation?
I have been thinking about instituting it on PS, but I don’t want to stop the good traffic.
Here’s the breakdown on the other site:
Base Price (1-15)- $75
16-30 - $85
31-45 - $100
36-60 - $125
60+ - $175
This seems like a steep increase but is what the automatic calculator on their site generated.
I’d really like some feedback. I don’t want to price myself out of the market, but I don’t want to leave too much $ on the table either. It does make sense that a larger crowd should be at a higher rate.
What kind of space are you renting? Mine is a medical office that we rent out for video productions. I could see the tiered pricing potentially being a small issue as a producer might not know exactly how large his crew will be when booking. And even once the crew is locked in, sometimes the client shows up to the shoot with multiple extra people. So it makes planning a budget a bit trickier. If there were other similar spaces available, I’d probably pick the one that had the flat rate so I know exactly how much the location expense will be without having to worry about an upcharge if extra people show up.
Something to potentially consider. It also seems like it give the renter an opportunity to try to cheat the limits and hope no once notices, then you potentially have a conflict on the rental day if/when you call out the overage.
I don’t have any experience with tiered pricing though so I could just be overthinking it. But it is fairly common for a crew to tell me they are coming with 10-12 people and they show up with 16-18.
I have been doing tiered pricing since that option came out on Peerspace and it has been fantastic. I can now have small 3-4 person shoots at low budget and then have larger 12-20 person shoots that are more complex pay more. I have seen in increase in hours and # of people and # of shoots booked not a decrease so I would say you should implement it. Since peerspace doesn’t clarify the pricing until check out I list the pricing in description to help make it clear to guests prior to booking. Large crowds should have the budget and if not they are then encouraged to cut unnecessary people (especially in times of covid) of course I work with each person if they are just in or outside a tier but overall reaction has been great here (NYC)
Interestingly, the other site I mentioned is geared toward production, and the tiered pricing is their default. Maybe you should consider tiered pricing!
I personally LOVE the tiered pricing. Again, larger shoots have a larger budget, create more wear and tear, more nuisance, etc so they should be paying more. It forces producers to stay within their limits. Eliminates the entourage on music videos (who are always the ones causing trouble) etc. Also has avoided some who say they are having a small even but actually planning a rave. They have asked if I am strict about the number of renters. When I tell them yes, they go elsewhere. These are people I am happy to avoid. However, if you just want to make $$ no matter what the cost to you, keep doing what you are doing.
I do tiered pricing for events, but not for productions.
I have a big room and a small room that can be combined into one. Most productions rent the big room. Rather than be the headcount police, I generally just push productions to also rent the smaller room for overflow, EQ storage, holding, etc. if they have more than 20 people. More lucrative and less friction.
Events usually rent both rooms from the start so headcount pricing make sense.
I have always used tiered pricing. In some cases it results in a smaller team, which is wonderful. In other cases, they have asked for price concessions because of budget etc. At my most recent booking, there was an agreed upon total of people and agreement as to the location of cast and crew when not in the scene. Unfortunately, it got bigger but I don’t make a fuss about it, but a whole group of people took over my living room and stayed there. They did not go outside as agreed. Again, I didn’t make a fuss, but in the future, I will restate the total number of people and that cast and crew must stay outside when not in the scene. I have a big back yard and 3 different sheltered areas that can be used and a big tree for shade in the middle of the backyard. Oh, I’m sure that I am not even getting some inquiries because of my tiered pricing, but it’s something I believe in.
Can someone indicate how they indicate tier pricing on the website? I see “add tier” but that’s to charge an additional fee, not to lower the fee. Perhaps you advertise a low price/hour and then tell potential bookers it’s actually more?
Interesting. We are slightly different than most hosts on this site as we are not looking to max out our rentals so we list our highest rate as our default to weed out some of the more questionable rentals. I still get people asking for discounts all the time because of the unique nature of our space (limited options out there) and I’ll work out some deals after vetting the prospective renter. But I am not particularly interested in having the 1 hour music video rental when 10 iffy characters show up to my space to play with all the medical equipment. We have stuff like simulation mannequins and expensive gear laying around (not to mention needles, syringes, assorted kits, etc) and people LOVE to play things, especially the mannequins lol. Unfortunately we do not have enough space to just lock them away for rentals.
I have to remember my unique situation when posting here. Tiered pricing probably does help max out the sheer number of rentals if that is what you are going for. But man I hate when a shady crew shows up to my space. I’ve also found that the shorter 2-3 hour rental groups have a MUCH higher frequency of showing up late and requesting more time on the back end.
So how do you price it on ps? I am on tiered pricing similar to this and I’m booked up every weekend. I’m considering going to one price to make it easier. It’s frustrating people aren’t sure about their guest count when they book and are usually over. So they book for less people and then say oopsie. It’s very frustrating when pricing is based on guest count and we don’t have honest guest count.
I personally just started doing the tiered pricing for events. I feel it is very fair, as the risk of damage or issue increases with every group of 5-10 people you add into a space. I think if you are giving a fair starting price, then adding in additional cost for higher tiers of total guests just makes sense to cover you, and the person booking the event should understand that if they are all legit.
I agree with others who have posted that it is another way to weed out those who may be “problem” guests that you would want to avoid anyhow.