How smart is this?.

[HOOHAS]

[h=1]A restaurant tried a 'pay what you want' policy and it was a total disaster[/h]
https://www.businessinsider.com/pay-what-you-want-policy-lost-15k-2016-10

 

[papasmerf]

The link was unhappy I use an ad-blocker.........I guess I can live without reading it.

 

[User-E]

Maybe it's a cultural thing?

I ran a home based daycare like that many years ago, let people pay by donation whatever they could afford, and I think I made more money than if I'd charged a set fee.

 

[papasmerf]

Maybe it's a cultural thing?

I ran a home based daycare like that many years ago, let people pay by donation whatever they could afford, and I think I made more money than if I'd charged a set fee.

That was a daycare for underfoot husbands?

 

[Prick]

The link was unhappy I use an ad-blocker.........I guess I can live without reading it.

The restaurant industry is a notoriously cutthroat business no matter where you open up shop. And though every once in awhile an owner might feel tempted to treat his or her guests to a free meal out of the goodness of their hearts, just remember that no good deed goes unpunished.

Earlier this month, in an effort to attract more customers to her new restaurant in Guiyang, China, Liu Xiaojun had a noble, yet ill-advised idea to let walk-ins pay whatever they wanted after finishing their meals. While one would hope that the “pay what you want” policy might spark an outpouring of generosity, in reality people are walking garbage cans, and the promotion resulted in a massive, $15,000 loss for the restaurant.

“If our food or service was the problem, then that would be one thing," Xiaojun told Shanghaiist. "But according to customer feedback, our dishes are both filling and tasty. It's just that the payments don't match up with the evaluations."

Liu Xiaojun isn’t wrong. At first glance, her restaurant was a hit, with customers crowding the dining hall.

But when it came time to pay, many customers only paid 10% of their bill, and in certain cases, guests left only a single yuan (about 15 cents) for their meals. When the promotional policy had ended, the guests were nowhere to be found, and by 4 p.m. the following Monday, the restaurant hadn’t seen one customer yet that day.

"It makes sense that people like to eat food and not pay much,” Xiaojun ultimately admitted. “I just don't understand why they haven't come back since the promotion ended.”

 

[papasmerf]

Thanks Prick.

 

[Willy]

Not very smart.

 

[Jamal]

Maybe it's a cultural thing?

It is, they are the cheapest ones in the world. At least the Jewish people would leave 50% minimum. I know cause I am.