, a street musician ("busker") who has apparently been reading Techdirt for some time, has been trying to put some of what we discuss here into practice, looking for better ways to connect with fans, while also providing them something worthwhile to buy (noting that "tips" aren't a very good business). He recently alerted us to a blog post he wrote detailing the results of some of the experiments
, which appear to be ongoing. He's tried a few different things, even trying to set up a WiFi connection where he's performing to let people download music (didn't work, as it was too confusing) or giving them flyers with a code to download (again, not very effective). He did realize that performing directly on the street enabled him to connect and build up a mailing list, but what could he give as the "reason to buy." He settled on a CD, but with cool (homemade) origami packaging. But he still wasn't sure on the pricing. He tried $10 -- which was decent. He then dropped the price to $5, which actually caused him to sell fewer CDs. But then he tried the model Dave Allen has suggested for merch
: pay what you want, and found it worked wonders. He ended up making a lot more more money, though it helped that he explained the whole thing clearly on a sign. Allen, too, has mentioned that it all depends in how you explain the offering.
I've said before that I'm not necessarily a fan of "pay what you want" pricing schemes, but I'm beginning to think there may be areas where they do make sense. The success stories of bands using it for merch over and over again are making me wonder what factors make "pay what you want" work. Any thoughts?
Either way, I'll be curious to find out more from Onyx as he continues to experiment.