Radiohead does honesty pricing

radiohead.jpgRadiohead are the latest to jump onto the concept of honesty pricing, something that I talked about a little while ago.

Their new album, In Rainbows, is bound to be a big seller. But not for the record companies. The band are selling it through their website for any price you like.

That’s right … You can buy their new album for any price you specify. It’s a strategy that will create massive word-of-mouth, while giving back to their fans. Almost everyone who even remotely likes the band will consider buying the album. And it might even turn a few 20 cent cheapskates into loyal Radiohead converts.

The other wonderful thing is that when you visit the site, it isn’t immediately clear that the chooser chooses the price. That is, you need to delve deeper into the site to find this out. Which makes it secretive. A discovery. Which in turn fuels the viral-ness (if there is such a word) of the exercise.
This, in my opinion, is a beautiful piece of marketing.

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