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I think the pay what you want model will only be applicable to service-based businesses.
Absolutely. With further research the pay what you want Model can be extended into tangible products as well especially customized products
I am looking into considering this for our vocational school as trainees can only pay for a component of a skill set for a given duration and leave to start making his/her money then come back to upgrade to another package.
I am definitely considering this model in my organisation
Same here too
Tangible products yes, . People will always pay for Valuable offers presented to them
i think that to practice this model ,it must have a minimum price becaise what you prodige vas a price and of you sell sell less than what you ve incestes there will be a problem
I think this can work. The only concern I have is for people who take advantage of the system and only pay a small amount even if they perceived a higher value.
some funded products can be subsidized too
Some products too can fit in to the Pay Want What You Earn
We should not allow such small fraction of individuals to discourage us from attempting to start something
Well said
This is a great initiative and will go along way in the future
PWYW. It is a good way to test a newly launch product in the market, compelling the reaction of your customer base according to region or countries.
strongly agreed
Exactely! In a national agency like mine, it would be impossible to consider such an option since all services are public and some are even free
Yeah pay what you want model can be exremely applicable in the service business
Yes in this model, there is a concern of people taking advantages, however, if the services or goods are upto the mark, i guess people will have the heart to pay more the next time they want to buy.
totally agree that it is a wonderful concept to attract customers.
Me too!!
totally agree that it is a wonderful concept to attract customers.
That is very interesting
That is very interesting
@tekeben said in From free to earning:
THANKS VERY MUCH. FREEMIUM BEFORE PREMIUM. THIS IS A VERY EFFECTIVE TECHNIQUE
Gets them locked in.
A combination of the different models can also be interesting at different stages of the organization, especially when providing products or services in a diverse economic demographic.
A combination of the different models can also be interesting at different stages of the organization, especially when providing products or services in a diverse economic demographic.