Let customers pay what they want with this WooCommerce "Name Your Price" plugin.
This WooCommerce Name Your Price (Offer Your Price / Product Open Pricing / Pay Your Price) plugin lets you create a “pay what you want” (PWYW), “name your price,” or “donation-based” pricing system. Research has shown that when people are able to set their own custom prices, almost everyone pays something — and sometimes well over the suggested price.
What’s better than letting your customers decide how much they would like to spend? Customers emotionally attach themselves to the products they want to buy, but the price prevents them from making the purchase.
Wouldn’t it be nice if you could allow customers to set their prices or let them pay what they want? This works well to grab customers’ attention and make them feel like they have complete control over their purchase. It’s like a virtual bargain where customers feel reassured.
StoreApps’ WooCommerce Name Your Price plugin (called Offer Your Price) gives you flexibility when deciding what price to accept for selected products. Accept WooCommerce donations, suggest a price to your customers and optionally enforce a minimum acceptable price, or let them decide the price themselves.
Set a minimum price to avoid losses: Customers can either buy at the listed price or make an offer. If the price offered is higher than the minimum bidding price threshold you’ve set, the offer is accepted and the customer is emailed a coupon immediately. If not, a counteroffer is sent.
WooCommerce donations/crowdfunding: Members can donate any amount they want, as long as it’s higher than your set minimum. People can also invest in your new project. The plugin does not offer a complete WooCommerce crowdfunding system but can still be used as a simple alternative.
Find what customers wish to pay: You’ll immediately find out what price customers are willing to pay. You can then decide on final pricing based on actual data – rather than a hunch!
Customize the ‘Name Your Price’ button text: ‘Name Your Own Price,’ ‘Pay Your Price,’ ‘Offer Your Price,’ ‘Donate for a cause’… whatever the case may be, you can change what the offer button says.
Set rules across price ranges: Set rules to offer varying discount rates for different product price ranges. For example, set ranges such as 0 to 99.99 and 100 to 199.99 to avoid overlap.
Stop nosy negotiators: Customers may make only one offer for the product. If they try to make another offer, they will be sent the result of the original offer itself.
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