From RadioHead to restaurants, hotels, real estate, graphic design services, magazines, and even ballet performances, the idea of pay-what-you-like pricing has really been catching on. The viral nature of the pay-what-you-like pricing-scheme scheme has proven very successful for many companies. But why? How does it work? Nate Chenenko offers a unique service in the Washington, D.C. area as a bicycle taxi driver and has agreed to share some of his views on the subject of pay-what-you-like pricing. I hope you enjoy his guest post here on EdgeHopper about this interesting topic. Thanks Nate. (By the way, that’s Nate in the picture above)  Read the rest of this post