![]() ![]() To increase your online sales, you’ll include methods such as coupons, discount vouchers, BOGO (Buy One Get One) offer, among many more, as part of your marketing strategy. Why and when should you use dynamic pricing discounts? With the right pricing strategy, you can boost your store sales and increase the average spend from each customer. Leveraging this psychological behaviour through time-limited offers can help increase sales. We’d rather capture the opportunity than regret later. Offering discounts backed with a limited period time frame can create a fear of missing out on a great deal and in the process, save some money.Īs a store owner, you must take advantage of the human psychological behaviour, using strategies such as FOMO (Fear Of Missing Out) to boost your sales.įear of missing out is a feeling of regret when one sees a great opportunity slipping away. After all, who wouldn’t want to cash in on such deals and save big time! Buy one and get the second at a 50% discountĬreating such offers lures customers into spending more to take advantage of discounts.Here are a few examples where WooCommerce dynamic pricing is applied, These variations are based on factors such as the number of products purchased, customer’s purchase history, and so on. Final thoughts What is WooCommerce dynamic pricing?ĭynamic pricing is a pricing strategy where you create variations in your product prices.Best free WooCommerce dynamic pricing and discounts plugins. ![]()
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