Pay what you want shop

Gordon

I remember some time ago - like 10 or 15 years ago, there was a famous case of a shop with no prices. It could have been in America but I have a feeling it was actually in UK.

What it did was have no prices for its goods and let people pay what they wanted to pay. I remember watching the owner interviewed and asked - if someone wanted to pay 1 pence for [x product] is that - would you sell it for one pence? He said - yes, but people wouldn't do that, they in fact pay close to what we would make a profit on.

I'm not suggesting that shops etc do this but is this a slightly valid ideology?

For example - the food industry. A pizza costs buttons to make, all that costs is the labour and electricity costs, all else is pure profit.

Could an idea like this work in this day and age (obviously not simply - what you want to pay but with a similar type of pricing technique maybe)?

Then again, I haven't heard of such a thing in 10 or 15 years so maybe they got creamed from cheapskates and the idea was never brought up again.

Sorry if this is in the wrong forum.

LFCFan

doesn't matter if it even worked in America to this day, it would never work in Ireland. They don't even have free refills here FFS like they do in American McDonalds and Burger King etc.

sceptre

There used be a "pay what you want" restaurant up Notting Hill way AFAIK. Apparently people usually overpaid if anything, the few who paid 10p for their meal never came back again.

TenLeftFingers

It would only be a matter of time untill a van load of kn^ckers turn up and clean you out for a Euro.