From Spingwise:

We’ve written about pay-what-you-want restaurants and magazine subscriptions, but we hadn’t yet heard of a similarly priced hotel. Sure enough, though, the new Ibis Singapore on Bencoolen hotel just last week launched a promotion that lets guests choose the rate they want to pay.

Rooms at the 538-room economy hotel, which opens this week in the heart of Singapore, are typically priced starting at SGD138 per room including free wifi. Through March 15, however, the pay-what-you-want competition runs during a designated portion of each day, as announced on the hotel’s site. Interested consumers need only sign up as members and make a bid for the price they’d like to pay during one of the announced promotion times. If they’re one of the first to bid, they can win a night at the hotel at exactly the price they offered. Bids have gone as high as SGD100, and the first promotional rooms sold out within minutes of the contest’s launch last Wednesday, according to a report in the Sydney Morning Herald.

Through a separate competition, meanwhile, members at the Ibis Singapore on Bencoolen—which is owned by French Accor Hotels—can also compete to become the best “Virtual General Manager” at the hotel by trying to fill an empty virtual hotel with as many friends as possible. Prizes in that competition include a free night at the hotel, while the grand prize winner receives four nights at the hotel along with round-trip airfare to Singapore for two.

Ever since Radiohead’s decision to let consumers choose their price for its In Rainbows album, pay-as-you-want schemes have become a trendy way for brands to be generous and attract a whole lot of goodwill and attention. One to try out in your next promotion….?

Website: www.paywhatyouwant.com.sg

Update by Yu Hui: the hotel has sold out its “pay what you want” rooms. Which either means that it had very limited supply (to test the market) or the promotion was wildly popular (which means it was a resounding success and we’re late to the game!). (11 June, 2:05pm)

Posted from Digg:

Today, we’re announcing our plans to roll out a new advertising platform — Digg Ads. Digg Ads will give you more control over which advertisements are displayed on Digg. The more an ad is Dugg, the less the advertiser will have to pay. Conversely the more an ad is buried, the more the advertiser is charged, pricing it out of the system.

The platform will launch as a pilot in a few months, and it will be an ongoing work in progress as we learn more from the Digg community and adjust the system. We’re still in very early stages of working with advertisers and building the system, but we wanted you to be the first to hear about our plans.

Digg Ads will appear alongside stories in the river. The sponsored content will look and feel similar to regular Digg content, but will be clearly marked as sponsored. It may link to stories, video trailers, independent product reviews – many of the same types of content you see on Digg every day. The goal here is to give advertisers a way to present content related to their brands and get immediate input on whether it’s relevant to the Digg audience, or not. Here’s an example of what the ads might look like:

Our goal for Digg Ads is to create a better experience by giving you more control over advertising content that appears on Digg. You’ll start to see changes on the site in a few months, but we will continue to iterate over the course of the year based on your feedback. This is an exciting step for Digg as we work to create a compelling, innovative advertising experience for our community and the industry at large.