Pay What You Want
"Pay What You Want" is a pricing strategy that allows customers to choose how much they want to pay for a product or service. This model can be seen in various industries, including music, food, and software. It encourages customers to value the offering based on their personal experience and financial situation.
This approach can benefit businesses by attracting more customers and fostering goodwill. It can also create a sense of community and trust, as customers feel empowered to support the creators or providers. However, it may also lead to unpredictable revenue for businesses relying on this model.