Get-In and Expiring Defaults
- Gleen Mark Laureano
The Get-In and the Expiring Markdown are buttons in the AutoPricer Summary which will set the selected Pricing Groups to a default Get-In or Expiring calculation.
GET-IN DEFAULT
When a Pricing Group is set to the Get-In default, the first ranked ticketgroup (cheapest) will be priced against the cheapest ticket in the market (EIBO, SeatGeek, TicketMaster Resale, TeVo) for the entire show. Meaning, if the cheapest ticket in the market for the show is $100, our cheapest ticket will also be priced $100. When the market price changes to $70, our cheapest price will also change to $70 once we have the data. Pricing update will run at every hour.
Default values:
Anchor Count: 1
Anchor: $0
Floor: $0
Stagger: 10%
Stagger Count: 1
Price Schedule: Expiring
Pricing Type: Cheapest Pair
Price Settings: Get-in
How to set a Group to the Get-In Default
In the AP Summary, select the pricing group you want to set to the Get-in default.
Click the Get-In button. You should notice that some values for the pricing group has updated.
Under the Price Settings column, you will also see it update to “Get-in”. In the next hour, the prices should be updated to the show’s get-in price.
EXPIRING DEFAULT
The Expiring Default will set the prices based on the number of days before the show starts. This feature has a calculated Magnitude and Frequency. The Magnitude is the amount that will be deducted while the Frequency is the interval between each markdowns.
This feature will not activate if the Event Date is not within 14 days.
Calculations and defaults:
Magnitude: (15 - #ofDaysBeforeShow)/2
Frequency (in hours): #ofDaysBeforeShow/2
Anchor Count: 1
Anchor: $0
Floor: $5.00
Stagger Count: 1
Stagger: 10%
Price Schedule: Expiring
Price Settings: Expiring Markdown
How to set a Group to the Expiring Default
Select the Pricing Group that you will set to the Expiring Markdown.
Click the Expiring Markdown button.
You should notice that the values will be set to the defaults mentioned above.
The Price Settings column will be updated to “Expiring Markdown”.
