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FWIW - I did a lemonade stand as a kid and charged $.05 per glass. We (brothers/friends) would keep a jar with about $.75 in change on top of the table. Every
by ckluis 12y ago
FWIW - I did a lemonade stand as a kid and charged $.05 per glass. We (brothers/friends) would keep a jar with about $.75 in change on top of the table.
Everyone felt bad for us and tipped us $.25-5 per glass - avg tip was $1. We could not have charged $1 - we tested the price elasticity of demand. But, they felt terrible we never had any money in our jar.
Just saying tips make a difference.