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auction style membership - help allow my users to pay what they feel?

Discussion in 'Membership Sites' started by ad9051, Nov 7, 2012.

  1. ad9051

    ad9051 Registered Member

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    Hello Black Hat forum,

    This is my first post on the site. I have a website which allows paid subscribers, we have a limit on the number of subscribers 50 members. They each pay £25 per month, to receive the information. What I would like to be able to do, is to let competition for the spaces push the prices up, rather than imposing a price hike myself. This way i would let them dictate their own price, based on how much they feel my service is worth.

    I was thinking about an auction style system where by they could see their user name, and they can see where they are in the list of 50 subscribers. If they get pushed down out of the list of 50, they wouldn't qualify for subscription that month! I would also like it to charge the minimum amount that any user in the top 50 wished to pay. For instance if member 50 (last qualifying member) offered to pay £26.90 all 50 members would pay this amount.

    I feel this would enable them to set their own membership price, and potentially improve my revenue.

    I currently use wishlist as the plugin to manage my membership.

    Any advice, on plugins, services or even any other websites that operate in a similar way. I would be very appreciative.

    Many thanks

    Alan
     
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  2. svracer142

    svracer142 Regular Member

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    For better understanding, why is it limited to 50?

    If you do the auction method you will probably upset the members that have been with until now.
     
  3. ad9051

    ad9051 Registered Member

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    50 is an example number, the reason on member subscriptions can be to with things like betting or share prices where a too larger audience ruins any potential value.

    Many thanks

    Alan
     
  4. ad9051

    ad9051 Registered Member

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    Bump?
     
  5. stratocentric

    stratocentric Junior Member

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    What would stop the members from all bidding $1?