Is Surge Pricing the New Normal
Disclaimer
Here on Selfmadesns.com, I share my personal life experiences so you can learn from both my mistakes and successes. However, what works for me might not work for everyone. Always do your own research and consider consulting a professional before making important decisions. Doing both will give you the best chance for success. For more details, please visit our Terms and Conditions and Privacy Policy pages.
Is Surge Pricing the New Normal? Plus a Look at DAO—The Future of Business
Just the other day, I was in the store and saw those little bags of chips that used to be 25 cents. Now? Two for a dollar. That might not seem like much, but when you step back and look at the bigger picture, it’s a sign of something bigger happening with prices—and how they change depending on when and where you’re buying.
While thinking about all this, I also started realizing how normal cryptocurrency is becoming. What used to be seen as a “get rich quick” thing is now becoming part of the financial future. That brings me to today’s topic: surge pricing—and how it might be the new normal for all of us.
Surge Pricing Explained
Surge pricing is when a company increases prices based on high demand and limited supply. You’ve probably already experienced it—especially with ride-share companies like Uber and Lyft. When demand goes up, so does the price. And they usually let you know upfront so you can decide: pay more now or wait.
The Surge is Expanding
At first, I didn’t care much for this because I drive myself around. But now, Wendy’s is testing it out—and that got my attention.
Now, y’all know I like me some Wendy’s. I eat there pretty often. So hearing that prices might jump during breakfast and lunch rush hours hit home for me. Something that’s normally $2 could now cost $5 just because of the time of day.
Now I’m wondering… is Wendy’s really worth that much? One benefit I can see: if people get turned off by the price hikes, fewer folks might go—and that means shorter lines for me. But still, this makes me a little uneasy.
Where Does It Stop?
This surge pricing thing has me wondering:
- Will movie tickets cost more on weekends?
- Will rent change depending on the time of year you sign your lease?
- Will prices spike around tax time even more than they already do?
Hotels already use this model. It’s not new—but the fact that more industries are considering it now is something to keep an eye on.
Will It Work?
That’s the big question. Will people accept this pricing strategy?
From my experience in business, I’ve seen that people love deals and convenience. Surge pricing might offer convenience—but I don’t see much of a deal in it. Personally, I think it’ll turn a lot of customers away. But hey, I’ve been wrong before.
Bonus: What Is a DAO and Why Should You Care?
Let me switch gears and share something I just learned that might change the way we do business in the future. On a search for knowledge and improvement, I came across something called a DAO—short for Decentralized Autonomous Organization.
What Is a DAO?
A DAO is basically an automated, code-run organization that’s decentralized and not tied to any one country or authority. It runs on blockchain technology, specifically Ethereum.
Think of it like this:
It’s a business that makes decisions based on programmed rules and input from members—not people sitting in an office making calls.
The idea is to take human error (and human greed) out of the decision-making process by automating things and relying on group consensus.
Real-World Example
Let’s say you own a candy vending machine business.
With a DAO setup, your system could:
- Monitor inventory
- Automatically place an order when you run low
- Pay for that order—without you lifting a finger
Now, you’ll still need to physically restock the machine, but the business operations part? That could be hands-off. It’s like AI and human teamwork at its finest.
Is DAO the Future?
It might be. This idea has actually been around since 2016, though it had a rough start—one DAO was hacked, and over $50 million worth of Ethereum was stolen. But fast forward to today, and this concept is catching on again.
We’re still early in this movement, but it’s gaining momentum. As the world changes, we’ll have to adapt too—and this might be one of the ways we do that. I’m just scratching the surface here, but as I learn more, I’ll keep sharing with you. And if you’re curious? Start your own research now and come back and share what you find.
Summary
I’m still figuring out how I feel about all this. Surge pricing might not sit right with most people—but hustlers and smart entrepreneurs might find a way to flip it. They could offer better prices during those high-demand times and win more customers.
Like I always say: The more people you serve, the more money you can make.
I’ll definitely be watching how this plays out, and I’ll keep you updated. If you made it to the bonus part, I hope that info about DAOs helped open your mind to what’s coming next in the world of business.
Thanks for spending time here with me today! Be sure to tell a friend about the blog and come back soon. Let’s grow together. Good luck out there!