I personally thought it was a nice way of showing another way of letting the customer set the price. Which is quite relevant to this topic i believe
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Free registration at the forum removes this block.YouCanMakeSales, I apologize for my part in taking this thread off-track. I am allergic to much of what passes for marketing wisdom and had a hypersensitive reaction solely based on my perception (which is just my perception, not necessarily reality) of rehashed out-of-context content.
I think YouCanMake added some good value to this thread. I for one have never read the earlier post before (on the other forum), so "rehashing" it on this forum is much appreciated, because otherwise I would've never had a chance to read it. Besides, he does mention at the start that its a copy and paste...
In regards to the original topic, there have been a number of businesses that followed the "pay what you think it's worth" model. From what I recall, there was a restaurant doing this, and what ended up happening is that people were paying MORE than the equivalent cost at a similar type of restaurant.
What they believe happens is that the largest motivator to paying more is that people inherently don't want to appear "cheap", so they'll pay more, just to make sure they don't look bad.
I'm sure there are a raft of other reasons why they pay more (including wanting to encourage the business, so more follow suit!), but I thought that point was very interesting.
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