A perfect way to announce our new charity partner
I’ve been chatting this morning with Mark Hecker, Executive Director of Reach Incorporated, about the plans for the launch of ManfredMacx.com. And then I saw this post come up at Techdirt.
A fascinating new study has shown that “pay what you want” offerings seem to maximize the net take for those using it if they include charitable giving. The study was done at an amusement park, where people could buy a photo of themselves on a roller coaster, and four different situations were tested: (1) the standard “pay a fixed price” (2) a straight “pay what you want” (3) fixed price with part of the money going to charity and (4) pay what you want with part of it going to charity.
What’s amazing is that the fourth one was the best one in terms of the net amount to the seller (yes, after giving the portion to charity). Sales were much higher and the net dollar amount to the seller was much higher than the straight “pay what you want.”
“Pay what you want” is definitely one aspect of the model at ManfredMacx.com, so it’s wonderful to see that a partnership with a charity can be beneficial to everyone involved.
That said, we are proud to announce that the money raised with our first book is going to Reach Incorporated. They find students who are struggling with reading, help them to be better readers themselves, and help them teach younger children to be better readers, as well.
We’ll have more details soon, so be sure to check back.
Photo by Flickr user 
