Offering coupons and discounts on your Shopify store is a great way to boost sales, but if done incorrectly or too frequently it can actually have the opposite effect. Incorrectly implemented discounts may lead to customer confusion and ultimately a loss of revenue. One popular pricing strategy merchants use is tiered pricing, also known as volume pricing or quantity discounts. Tiered pricing provides customers with lower prices when they buy larger quantities, allowing them to realize cost savings on higher order values.
Most of the Shopify B2B or wholesale businesses offer tiered pricing to their customers. This can be a great way to increase the average ticket value and increase sales. Fortunately, there are many Shopify apps that make setting up tiered pricing easy for Shopify merchants. Depending on your business needs and budget, one of these eight Shopify apps can help you create an effective tiered pricing strategy:
1) Wholesale Pricing Discount
This app allows you to create discount rules based on the total order value and offer different discounts for different quantities of products.
2) Bulk Discounts Now
This app allows you to set up tiered pricing with multiple tiers and apply it to either individual products or product collections, or Shopify sub collection.
3) All In One Automatic Discount
Easily configure volume discounts based on a customer’s purchase volume over time, allowing them to receive larger discounts when they buy more products from your store.
4) Quantity Breaks- Tiered Pricing
Create flexible discount rules with bulk pricing and selectable price ranges. Plus, add upsell offers at checkout.
5) Wholesale Order Form
Build custom order forms with tiered pricing, allowing customers to quickly place bulk orders.
6) VolumeBoost
VolumeBoost app from HulkApps helps merchants to generate tag-based discount, and promotional codes, and accept bulk orders with discounted prices for your Shopify store with simple steps, plan starts at $10/month
7) Quantity Breaks & Order Limits
Easily set up discounts for each product in your store based on the quantity of items the customer purchases. You can also configure discounts per collection or globally across the entire store.
8) Bundle Bear – Volume Discounts
Create dedicated wholesale price lists per customer group and hide retail prices from them. Additionally, you can customize discount rules for each customer group based on product price, quantity, or total cart value.
These eight apps can help you create an effective tiered pricing strategy and provide customers with discounts that will encourage them to buy in larger quantities and increase order values. With the right Shopify app, you can quickly set up a tiered pricing strategy that is tailored to your business needs and budget. Good luck 🙂
