Definition : Pay what you want

Pay what you want is a pricing model that allows customers to choose the amount they are willing to pay for a product or service, rather than being given a set price. This concept puts the power in the hands of the consumer, giving them the freedom to determine the value of the product or service based on their personal experience and financial means. It is often used as a marketing strategy by businesses to attract customers and create a sense of goodwill. Pay what you want encourages a more personalized and transparent transaction between the customer and the seller, promoting a sense of trust and mutual respect. This model has gained popularity in recent years, particularly in the digital world, as it allows for a more inclusive and flexible approach to pricing.

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