The apply of permitting clients to find out the value they pay for items or providers, sometimes called a “pay-what-you-want” mannequin, presents a novel method to commerce. One instance is likely to be a museum suggesting a donation upon entry however leaving the contribution quantity solely to the customer’s discretion.
This pricing technique can foster goodwill, encourage participation, and probably enhance general income, particularly in contexts the place worth is subjective or troublesome to quantify. Traditionally, it has been carried out in varied sectors, starting from charitable organizations to inventive endeavors, with various levels of success relying on the particular context and implementation.
