Why pay-what-you-want Business Model is Not Possible

I have come across some of the business who are using thee pay-what-you-want model. And that model is not something meant for all the type of business. The reason being you have to pay for small things when it comes to establishing business. Many people do that and make sure that works for them. I think this model is indeed working for many and I am not going to deny on that part. But this model is not meant for all type of business. And for this reason people should consider not criticizing other models for the same. I am not sure if this is good for many but we should just consider accepting other models in the business. In this article I want to point out why pay-what-you-want model is not good for all. And what should business do in such case if they want to sustain their earning potential.

People Don’t Donate

The model of pay-what-you-want model is as good as donation. Here we assume people will give out some money as donation. You can see that very few people want to give the money if they are given choice. Not to say that all the people will be doing that. But most of the people don’t want to donate. That is another reason many people are not choosing this model. I personally think that people should be donating for the things they love. But that rarely happens. And with reasons such as this, it’d be good to assume that once you learn how to make money in this model, you have to focus on sustaining things.

Ads Not Evil

People are assuming that all ads are evil. And in reality that is not the case. You can see that people who are thinking that all the ads in the world are evil are wrong. Ads are feeding many families. And many creators choose to run ads for making money. So you need to consider that some of the time this model is what runs many sites around the world. So in due time that would be another option for many to consider. It would be something worth noting that pay-what-you-want model may not cover that and in turn it ends up creating more issues down the line there as well. So make sure you see ads instead of blocking it.

Initial Development

Most of the business require some initial level of funding. Because that is what makes those business run. You can cut that funding but it may not help it. Here you have to rely on the people in order to make some good money. Because in due process not having initial funding in itself can drain down what you can make out of such business. If you choose to go with thee pay-what-you-want model you may not earn initial development funding in the process. So with enough funds added into the system. I personally think that any business that requires some initial capital won’t be helping with the many business out there.

As you can seee pay-what-you-want model is not good for many business. So it’s upto you what model you choose for the business.

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