Indistr Allows You To Select The Price for Full Albums

We've covered indie music site Indistr before including the exclusive launch of their latest version and founder Benjamin Gott provided a variety of tips for Startup Tips Month.

Today Indistr has launched another new feature called, “Name Your Own Price”. The idea is simple - fans can pay whatever they think the music is worth from $1 to $20 per album. The NYOP isn't available for individual songs as of yet and musicians must accept this new pricing model or they can stick to pricing as they wish.

Let's be honest here... I love the idea but as we've learned today, everyone wants everything for free -- just look at my feed for a buck. Will fans want to pay more than $1 for an album? It's an interesting test and I sure hope it works because it could be a change for the better in the industry - listen to the music and decide what it's worth versus buying a cd for $17 an deciding it was only worth $2. We will check back with Benjaming in a few months to see how things are going with this new music-fan business model.

There's just no real incentive to pay more than the minimum - perhaps if Indistr looked at some sort of badge system for the site showing off fans who support the indie artists on the site, that could help influence higher payments.

Kristen has her thoughts on the offering.