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The WooCommerce Name Your Price plugin enables you to implement a "pay what you want" model in your WooCommerce-based store. The solution allows customers to enter their own price for a product or service, while also offering minimum and suggested price options, validation, and shopping cart integration. This functionality is ideal for digital products, donations, test pricing, and promotional campaigns.
Introducing a mechanism that allows customers to set their own prices offers several tangible business benefits. Primarily, it increases the flexibility of the offering and can increase conversions among uncertain buyers who require pricing options. For nonprofits and content creators, this model facilitates fundraising and pay-what-you-want content sales, increasing willingness to pay. Furthermore, testing different suggested amounts helps optimize pricing strategies and better understand demand elasticity.
After installing and activating the WooCommerce Name Your Price plugin, the store administrator assigns a price field to selected products or categories. A minimum value can be set to protect margins, and suggested values can be displayed as quick select buttons. For variant products, each variant can have its own pricing rules. Customers' entered values are validated before adding them to the cart, preventing errors and excessive entries.
The WooCommerce Name Your Price plugin is a useful tool where pricing flexibility increases transaction volume or allows for social and promotional activities. Properly configured, it improves the shopping experience, expands the store's sales capabilities, and allows for experimentation with pricing models without having to constantly change standard product prices.
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