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Re:I Found the Best Burger Place in America, Then I Killed It by munificent on Friday November 16, 2018 @03:21PM (#18471665)
This is a classic humans are rational actors and spherical volumes in empty space economic answer, which entirely misses the point.

The restaurants we love, we love for the entire experience, and price is part of that experience. Even for people who can happily afford the higher price, it still results in a different experience. The people around you in the restaurant will be different. Your perception of the value of the meal will be different. Your willingness to try more adventurous items on the menu will be different. The whole thing is not just quantitatively different, but qualitatively different.

A $20 burger is not a $10 burger, regardless of how the two are prepared. If the former is not the experience the chef wants to create for their customers then, no, just raising prices doesn't "solve" the problem.

Re:I Found the Best Burger Place in America, Then I Killed It by afterburner on Friday November 16, 2018 @03:34PM (#18471745)
The customers you made money from when you're starting out don't have to be the same customers you make money from when your restaurant hits the big time.
Re:I Found the Best Burger Place in America, Then I Killed It by ubercow13 on Friday November 16, 2018 @04:22PM (#18472077)
What if you don't want the new customers, you want the original ones
Re:I Found the Best Burger Place in America, Then I Killed It by blt on Friday November 16, 2018 @04:03PM (#18471933)
some people start a business for reasons more complicated than making the maximum amount of dollars.
Re:I Found the Best Burger Place in America, Then I Killed It by TeMPOraL on Friday November 16, 2018 @04:15PM (#18472026)
At this point it's not about earning money, it's about not getting overworked to death.

Raising prices sounds like the best strategy. You keep raising until the workload returns to normal. If you feel you're serving the wrong customers, you now have time to figure out how to fix that. Otherwise, if people eventually get turned off by the price and your workload goes down, you drop the price, and keep dropping it until you reach a stable point with just the right amount of orders.

Re:I Found the Best Burger Place in America, Then I Killed It by johnmaguire2013 on Friday November 16, 2018 @03:37PM (#18471758)
There's risk associated in shunning your existing clientele in hopes of attracting a newer, more premium clientele.
Re:I Found the Best Burger Place in America, Then I Killed It by masklinn on Friday November 16, 2018 @03:48PM (#18471837)
If clients have to wait hours for a burger, the existing clientele is gone either way. If you end up folding, the existing clientele is hosed anyway.

And as the original commenter noted, you could put coupons in the local newspaper and the library and whatever else, so the locals have access to burgers at the old price.

Re:I Found the Best Burger Place in America, Then I Killed It by kibwen on Friday November 16, 2018 @04:06PM (#18471957)
Or you have someone whose job it is to stand outside and memorize the names and faces of local patrons and turn away any newcomer who can't present an ID with a local address. You can have a second entrance for everyone else, takeout-only, with an hours-long wait, which plenty of food tourists will happily endure.
Re:I Found the Best Burger Place in America, Then I Killed It by somabc on Friday November 16, 2018 @07:57PM (#18473217)
I see you are familiar with Berlin nightclubs!
Re:I Found the Best Burger Place in America, Then I Killed It by dark567 on Monday November 19, 2018 @12:07PM (#18487813)
Lots of bars have "regulars" that they give unadvertised discounts too. This isn't an unsolved problem, you don't even need to go as far as coupons.
Re:I Found the Best Burger Place in America, Then I Killed It by toofy on Friday November 16, 2018 @07:09PM (#18472991)
I think this is the point many people are seemingly missing.

Ask any family restaurant/bar owner in a seasonal tourist destination and they’ll explain why locals must be one of the first considerations before you make drastic changes. Particularly if an important reason for opening was a personal preference to serve locals over tourists in the first place.

It’s incredibly interesting to see how few people understand that someone may open a business with priorities other than massive growth potential.

Re:I Found the Best Burger Place in America, Then I Killed It by dahauns on Friday November 16, 2018 @07:23PM (#18473050)
>It’s incredibly interesting to see how few people understand that someone may open a business with priorities other than massive growth potential.

It really is interesting, but hardly surprising, given the demographics of this forum. :)

Re:I Found the Best Burger Place in America, Then I Killed It by sgc on Friday November 16, 2018 @03:44PM (#18471811)
Certainly less risk than just closing up shop.
Re:I Found the Best Burger Place in America, Then I Killed It by lotsofpulp on Friday November 16, 2018 @03:54PM (#18471882)
If there's enough demand, then it should be possible to increase capacity.