Here are some basic findings on using a Pay-What-It’s-Worth pricing system from the research paper Pay What You Like by J Fernandez and B Nahata:
1.
If a buyer feels that a product or service provides a positive value, they will never ‘free ride’ and not pay anything.
2.
Under certain conditions Pay-What-It’s-Worth can provide a larger profit than uniform pricing. A business that can best benefit from PWIW is:
- small
- exclusive
- intimate
- focused on personal service
- creating loyal clientele
3.
People pay what they do because of their:
- fairness
- satisfaction
- market price awareness
- net income
4.
The pricing system is used by business owners throughout the world.
I like to think about money as an idea in the form of ‘credit’. To get in the money game, I need to build up my ‘credit’.
I build ‘credit’ with others, but more importantly, I build ‘credit’ with myself. I receive ‘credit’ for how I hold myself up mentally.
When I hold myself as limited in any way, it restricts my availability to ‘credit’. I end up not sharing my gifts, and being undervalued in my relationships.
When I practice confidence in my Self, and not put limits on my wealth, I free the ‘credit’ to flow.
As I see it, to win in this game of money, my best move is to practice being the truest me.
Michelle Currie
Meditative Drumming Teacher
Meditative Arts
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I am:
a Science nerd perfectionist turned meditative drum chick!
My passion is for:
Coming up with innovative ways to play big, lead from the heart, live fearlessly, and weave mind-body-spirit together.
My business helps you:
to think less and breathe more through African drumming and mindfulness.
My biggest challenge is:
Negotiating with the workaholic part of my personality!
I make a difference by:
Aligning you with your inner rhythm(s) in order to live a more fulfilling life.
I have lots of ideas about:
self-empowerment, spirituality, and tea.
I’ve learned:
Self-love + trust + curiosity + playfulness = fear antidote
“Today you are You, that is truer than true. There is no one alive who is Youer than You.” ~ Dr. Seuss
If you would you like to be considered for an upcoming “Innerpreneur Spotlight”, email me.
Months ago, my dear friend Adam King and I sat down to talk. We’ve been having these skype talks for years now, sharing candidly with each other our expansion in life and business.
The last time we sat down to chat however, Adam had an agenda. He wanted to interview me and talk more in-depth about Pay-What-It’s-Worth (Value) pricing for a project of his. It’s a topic that we have explored together many times over the years and I was excited for the conversation.
Adam has recently published a book called The Year of Zen, through which he shares his learnings and expansion, online and off, over 2011. As a companion to the book, he created an interview series with 6 people he felt supported him in this journey. Our chat, Pricing From Personal Conviction, is part of this series. [...] Continue Reading…
As the new year unfolds before me, I’ve spent time reflecting on the year that passed, and how I will grow in 2012.
What was in 2011…
What were some of your favourite moments?
- Looking out over the lights of downtown Toronto from 50 stories up while a snow storm blew outside
- Meeting Jack for the first time
- Taking Jack to the park for the first time
- Signing my first car lease
- Landing on Big Island
What challenged you?
- My self-confidence
- Being a true partner to my husband
- Not caretaking
- My performance anxiety
- Being a loving and supportive parent to myself
[...] Continue Reading…
Thank you for your love and support this year!
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