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What is Name your price?

Definition, examples, and more

Definition

A pricing strategy where users choose what they're willing to pay for a subscription. Less common, but it can be useful for donation-based products, early-access launches, or communities where trust and transparency are core values.

Example

A mindfulness app uses name-your-price during their beta launch, offering suggested tiers of $2, $5, or $10/month with a custom option. Surprisingly, the average payment settles at $6.20 — higher than their planned $4.99 price. 15% of users pay $10+, and these high-payers become the most engaged and lowest-churn segment.

Why Name your price Matters

Name-your-price reveals willingness-to-pay data that is invaluable for setting permanent pricing. A podcast app used this model for 3 months and discovered that 40% of users willingly paid $8+/month, while they had been planning a $4.99 price point. The data gave them confidence to launch at $7.99/month, capturing $3.00 more per subscriber than their original plan — a data-driven pricing decision worth hundreds of thousands in annual revenue.

Frequently Asked Questions

Does name-your-price work for subscription apps?

It can work well for specific contexts: beta launches (to gather pricing data), donation-supported apps (meditation, public radio), community-driven products, and apps with strong social missions. For mainstream consumer apps, fixed pricing with tiered plans typically outperforms because it reduces decision fatigue.

What is the average payment when users name their price?

Studies show most users pay at or above the suggested 'default' option. Providing anchoring options (like $3/$5/$10 with $5 pre-selected) is critical. Without suggestions, users tend to pay less. With well-designed anchoring, average payments often exceed what a fixed low price would generate.

How do I implement name-your-price on iOS?

Apple's App Store does not natively support name-your-price for subscriptions. You would need to implement this through web-based payments (using Stripe or Paddle) and manage entitlements through your backend or Botsi. Alternatively, offer multiple fixed price tiers that approximate the name-your-price experience.

Category
Subscription App Terminology
Related Area
Mobile App Growth & Monetization

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