biot on Do name-your-price models yield revenue?

Comment on Do name-your-price models yield revenue?

  "By the way, there are two exceptions to the name-your-price models
   that seem to be working in the marketplace currently; Kickstarter
   and auctions. I suspect that social proof that there are others
   backing a project motivates Kickstarter users to name a price
   (starting at $1 minimum bid)."

Kickstarter is name-your-price in the same way that McDonald's is: small fries costs $X, medium fries $Y, and large fries $Z. Choose X, Y, or Z, and get the corresponding sized item. On Kickstarter, you can't choose to contribute $1 yet still receive the same item as the person who contributes $100.

dfguo 13y

Humble Bundles is an example that name-your-price model works for certain goods when you have fine-tuned the mechanisms.

Name-your-price model works on goods that consumers are expected to pay. I don't think that works with donation.

ananddassOP13y

Correct. Hence the analogy to airline seats. This is not really name your price. Kickstarters approach is mainly to segment the donors by commitments

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