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It is all about market laws and a psychology: satisfied customers need to “pay back” somehow the service or the product that made them happy.
They can do it with a donation, or maybe, paying something more for the next product they are going to purchase. Let’s make an example: you sell WordPress theme or plugin that costs sixteen dollars, but you also offer your users to support your business adding more dollars, because your products have improved their life in the past.
According to the statistics, at least 10 customers on 100 will pay more than the requested price, rounding off the price of the product to twenty dollars: it isn’t bad, is it?
Sites like Priceline have created a business on this idea and take advantage of the power of the sale system based on how much users are willing to pay to accommodate their needs.
With YITH WooCommerce Name Your Price you will offer your users the freedom to pick a price, in order to understand the true market price, or simply having a different approach to sales. The plugin offers you also to suggest an ideal price to users, and to set a minimum and maximum price for your products.
Yith plugins are developed through a proprietary framework that we have constantly improved and strengthened plugin by plugin. This grants 100% compatibility among plugins and a unique solution to get all the features you need for your e-commerce. You won't need to look for essential tools elsewhere to create an online store nor to worry about incompatibilities and consequent errors. When used together, most of our plugins offer you even more advanced features that turn them into more powerful and versatile tools for the growth of your online business
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