What is Products Tier Pricing?
Products Tier Pricing allows offering different pricing tiers based on the quantity purchased by customers.
How does it work?
Consider this example:
- If you set a tier pricing of 3pcs for $10 and 6pcs for $18:
- Purchasing 3 or 6 units will trigger the set pricing. For instance, buying 3 units will cost $10.
- Note: This pricing structure relies on exact matches. Purchasing more or less than the defined tiers will revert to normal pricing.
Understanding Tier Pricing Rules
- Exact Quantity Match: Pricing applies only when the customer’s order matches the defined quantity precisely.
- Normal Pricing for Other Quantities: If the order quantity doesn’t match any defined tiers, the product will be priced at the regular rate.
Where to Access and Edit Tier Pricing
To make changes or explore the tier pricing feature:
- Visit the “Edit Keywords” or “Bulk Edit Keywords” section in your dashboard.
- Look for the option related to tier pricing settings for individual products.
- You can define and manage the tier pricing structures there.
Benefits of Products Tier Pricing
- Flexible Pricing: Provides discounted rates based on bulk purchases.
- Customizable: Allows setting specific pricing tiers according to preferences.
- Promotes Bulk Orders: Encourages more significant purchases by offering competitive pricing.
Conclusion
Products Tier Pricing incentivizes bulk purchases, offering flexibility in pricing based on quantity tiers. Customers benefit from discounted rates while encouraging larger purchases.