blondebomb30
Registered
Cheapskates are better than no skates. And the people that like to spend money also know a deal when they see it.
For example when I was a cook I would make twice as many sirloins on a Monday night than a Saturday night. The reason is because they were on special on Mondays. Transfer that to beer sales. Say that I could charge $3 a beer like everyone else and sell 100 beers a night at that price while paying $1 per beer to stock it which comes out to a $200 profit. Instead I sell for $2.25 and word gets around to where I am selling 200 beers a night because I get in more people and they'll drink a few more because it's easier on their pocket. This comes out to $450 or a $250 profit. Because I have more people coming in I am also selling more food and have more tables full.
you would think that is the case. I personally know of a pool hall that tried everything... even reducing it's beer prices from $2.50 to $1.00 to get more business. The regulars got a bargain but it didn't bring in more business as it should have. The result being the owner lost his normal $1.50 that he would have kept getting from regulars and the few new people that came in did not make up for that difference...........end result.......... a pool hall that had been sucessfully running for 12-15 years.......CLOSED