Hi Glenn,
Thanks for mentioning "pay what you want!"
One guy - Mark Silver - has a new take on this, that I like...
He has three options for his live courses...
The first option is the "sustainable" price. This is the ideal fee they would like the customer to pay... It's a sustainable price for their business.
The second option is the "minimum" price. Below this price, it just doesn't make any sense to offer the course to someone, from a business point of view... After all, they have to eat and live too! This is a lower price than the "sustainable" price...
The third option is the "food or shelter" option. If paying the minimum price (option 2) would threaten your food or shelter, they would still like to help you, and you can pay whatever you feel you can afford...
All three options get the same product and service...
I believe Mark developed this system from a genuine desire to help people, while still keeping his business viable!
You can find his business here...
Heart of Business
https://www.heartofbusiness.com
Mark also just published a new book -
Heart Centered Business... I haven't read it yet, but plan to do so...
Best wishes! Dien
Quote:
Originally Posted by Glenn
Thanks Dien,
I went DOWN THE WABBIT Hole on Your "Pricing Experiment: link.
Panera Bread In Missouri
got Paid 85% of List at their
PAY WHAT YOU WANT Restaurant.
But After 8 years GOT BOUGHT OUT By a Corporation.
CLOSED IT.
https://www.seattletimes.com/busines...rant-to-close/
Glenn
P.S. - SILLY WABBIT.
If They Tracked THE FREE PR that came from These Pay What You Want
Locations It will be IN THE MILLIONS.
Well Worth The Cost of Running the Locations.
P.P.S. - One of the Things I do for PAID EXECS.
Who want a BIG PAY RAISE.
Is Track the Bttm LINE Results of Their Job.
Big Corporations are TOO STUCK in The Mud To do this. |