Product Pricing strategy is important for the success of a WooCommerce Shop. In this article, we will explain about WooCommerce Dynamic Pricing and the ways to offer Dynamic Pricing in a WooCommerce Shop.
What is WooCommerce Dynamic Pricing?
The term WooCommerce Dynamic Pricing refers to modifying the price of the products automatically based on various scenarios in order to bring more sales to the WooCommerce Shop.
1. Running a Sale Campaign
The price of the products may have to be automatically reduced during the sale campaign and price should switch back to the original price once it is over.
2. Competitive Pricing
Price of the Products may have to be Increased/Decreased in order to keep up with the competing Products.
3. New Buyers
Discounts/Offers may have to be provided for new buyers in order to gain their trust. Therefore, the user may make more purchases in future.
4. Stock Clearance
Old Stocks may have to be cleared by offering a discount on the product price.
5. User Based Discounts
Discounts may have to be given for frequent buyers.
Solution for WooCommerce Dynamic Pricing
In order to setup Dynamic Pricing on a WooCommerce Shop, a plugin may be needed. Two of Continue reading
