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Tag: Name Your Own Price

Panera Closes Last Pay-What-You-Can Restaurant in Boston | Eater

Panera Closes Last Pay-What-You-Can Restaurant in Boston | Eater

Nine years after introducing pay-what-you-can restaurants to several U.S. cities, Panera Bread is admitting defeat and closing down its last remaining non-profit Panera Cares location. The Massachusetts restaurant will shutter on February 15, according to Eater Boston. The chain opened its first donation-based community cafe in St. Louis, Missouri, in 2010. Under the model championed […]

Discussion: Pay-What-You-Want Pricing in Restaurants | Utpal Dholakia

Discussion: Pay-What-You-Want Pricing in Restaurants | Utpal Dholakia

Utpal Dholakia, George R. Brown Professor of Marketing at Rice University. One of the most fascinating pricing methods is Pay-What-You-Want pricing. Regardless of industry, I have yet to meet a manager who’s not intrigued by this model and doesn’t think for a moment, “Can I use this in some way in my business?” The restaurant industry […]

Pay-What-You-Want Cafes Evolve in Colorado | Denver, CO Patch

Pay-What-You-Want Cafes Evolve in Colorado | Denver, CO Patch

DENVER, CO — At some groundbreaking Colorado community cafes, guests from all walks of life eat a nourishing, organic meal at a price they can afford. Some guests give little extra, some give a recommended amount, and some volunteer their time in exchange for lunch. The non-profit Pay-What-You-Can cafe business model — with its epicenter […]

Lidl lets customers set their own prices through Twitter | Retail Gazette

Lidl lets customers set their own prices through Twitter | Retail Gazette

Lidl have launched an unprecedented new scheme which allows its shoppers to determine the price of selected products. In what is being dubbed the “social price drop”, the retailer will drop prices lower and lower the more customers tweet about a certain product aiming to help customers save money in the run up to Christmas. […]

Pay what you want | Xperiology

Pay what you want | Xperiology

It had worked. They had given the audience the entertainment first and then put the decision in their hands as to how much it had been worth, and it would appear that they were making a profit. The pay-what-you-want idea is not a new concept, the likes of Gordon Ramsay has used the method on […]

Pay-What-You-Want Pricing Often Backfires | Science of Us

Pay-What-You-Want Pricing Often Backfires | Science of Us

There are all sorts of after-Christmas sales to be found this week, but the one happening at Everlane has to be among the most unusual: The online store is inviting its shoppers to choose the price they want to pay. The popular Nubuck Street Shoe, for example, normally goes for $140, but should you purchase […]

Everlane’s pay-what-you-want sale | Business Insider

Everlane’s pay-what-you-want sale | Business Insider

Everlane’s latest sale lets shoppers select the price they wish to pay, Fashionista reports. In a choose-your-own adventure twist, shoppers are presented with three prices for each item on sale. For instance, the Slim Trouser(pictured right; originally $98) are available for $47, $56, or $89. But Everlane silently presents you with a moral quandary. The lowest […]

Name Your Price. Really. | HBS Working Knowledge

Name Your Price. Really. | HBS Working Knowledge

Is it worthwhile for retailers to experiment with “pay what you want” pricing? Shelle Santana unmasks the surprising logic behind how much customers will pay, and when. One finding: sellers can dramatically change what some buyers are willing to pay. by Michael Blanding Years ago, when I was a student in New York (and like […]

Pricing Strategy: Name Your Price | B2B International

Pricing Strategy: Name Your Price | B2B International

A well thought-out pricing strategy is crucial to optimizing both sales volume and profit. It is somewhat surprising therefore, that only one in ten of all business-to-business companies has a formal pricing strategy in place. Developing a pricing strategy Every company needs to ask itself the question “am I charging optimum prices that will generate […]

Name Your Own Price For A Plane Seat With This Brilliant New App | Conde Nast Traveler

Name Your Own Price For A Plane Seat With This Brilliant New App | Conde Nast Traveler

How much would you pay to upgrade your next flight? Online auction system Plusgrade lets you bid against other passengers for a better seat. But it’s not as simple as it sounds. Want to move from coach to business–and name your own price? Thanks to Plusgrade, that might actually be possible. Around 30 international airlines, […]