The apply of permitting clients to find out the worth they pay for items or providers, also known as a “pay-what-you-want” mannequin, presents a singular method to commerce. One instance could be a museum suggesting a donation upon entry however leaving the contribution quantity fully to the customer’s discretion.
This pricing technique can foster goodwill, encourage participation, and probably improve total income, particularly in contexts the place worth is subjective or tough to quantify. Traditionally, it has been carried out in numerous sectors, starting from charitable organizations to creative endeavors, with various levels of success relying on the particular context and implementation.
