Around 8% to 10% is achievable. We’re doing that for most of our partners.
Grooby´s partner system shows each visitor different prices for his monthly memberships. They range from about 85% of his normal price up to 115%. The job of the system is to give each visitor the right price. The more visitors and signals, the better the artificial intelligence learns and improves. Therefore, by giving the optimal price to each visitor, Grooby has been able to increase the amount each visitor spends by 8%. Where he used to make $100,000 he now makes $108,000. That’s a big deal considering that their costs with Vendo are basically fixed.
This innovation isn’t unique to Grooby. Everyone in the industry can use it.
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