For any WooCommerce shop, pricing strategy will be one of the critical factors in boosting your sales and bringing the customers to your shop from other competitors.
In this blog post, we will discuss what is dynamic or tiered pricing, why is it extremely needed for WooCommerce shop owners and some of the popular and advanced Dynamic pricing plugins for WooCommerce in 2023, their key features, their advantages, and disadvantages.
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What is Dynamic Pricing?
Dynamic pricing is nothing but the ability to set an adjustable rate or a discount for a product on a particular condition. They are also called Tiered pricing
Using dynamic pricing table plugin, you can create a pricing table that changes product price dynamically, like change product price based on quantity,increase price by percentage, etc..
Say you have many products in your store and want to give discounts to specific products. Changing the price manually for every single product will be tedious and time-consuming. Dynamic pricing plugins will provide you with the ability to add a discount to the products automatically based on conditions you set in advance. Basically, it makes your pricing dynamic.
Dynamic Pricing – Advantages and Disadvantages
Discounts are the universal strategy every shop owners have been using for years to bring in customers and sales. There is no better strategy than discounts to tempt your customers to buy. To implement woocommerce discount strategies in your ecommerce store you need plugins which show dynamic pricing and discounts.
Research shows that Amazon gains a profit of 27% each year because of this dynamic pricing strategy.
One of the worst marketing decisions you will ever make is to leave the dynamic pricing in your pricing strategy. Some others benefits on dynamic pricing strategy are that you would have got a clear understanding of your customer behaviors and you will have enough data to set the prices and providing discounts for the right products.
Where and when should I use the Dynamic Pricing?
Basically, you should set the dynamic pricing strategy with a proper understanding of your store, your products, your customers and your competitors.
Sometimes you may find your products being sold highly in a particular country. In this case, you can set a specific discount for people who are coming from that country alone. Many other things could also be considered like their age, preference, type of people you sell to, etc.
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Best WooCommerce Dynamic / Tiered Pricing and Discounts Plugins in 2023
So now having a clear idea of dynamic pricing and its benefits, let’s jump into some of the best Woocommerce dynamic/tiered pricing plugins, their key features, pricing, pros, and cons.
WooCommerce Dynamic Pricing With Discount Rules
The WooCommerce Dynamic Pricing With Discount Rules Plugin by Acowebs is a plugin that provides advanced features and flexibility to craft a personalized shopping experience for your customers.
The plugin is available in free and premium versions, you can try the free plugin and upgrade to the premium plugin if you need.
Key Features of WooCommerce Dynamic Pricing With Discount Rules:
- It allows you to create a dynamic pricing table and can even display the pricing table on the product details page
- You can offer discounts based on multiple rules such as Product Price, Cart Total, number of items on the Cart, and based on quantity.
- You can schedule discounts on upcoming dates even for multiple date ranges
- Individual User Discounts based on user roles,last order amount, the amount spent, number of orders, and set discount for the individual users.
- Comes with Tiered discount, Gift options, BOGO options, Usage limits and more in the Pro version
Pros:
- Powerful free version that is used by 7,000+ users
- Allows you to set multiple discounts within a single pricing rule
- The premium version offers more features such as the ability to create unlimited pricing rules, set up discounts based on product attributes, categories, tags, etc.,
Cons:
- Some great features such as BOGO, Discount timers, advanced discount rules are only available in the Pro plugin
- Some customer have mentioned that it has compatibility issues
Price:
- Free plugin
- Single Site – 1 Year Updates – $39.00
- Single Site – Lifetime Updates – $79.00
- Upto 5 Sites – 1 Year Updates $ – 89.00
Get WooCommerce Dynamic Pricing With Discount Rules Now!
Advanced Dynamic Pricing for WooCommerce
Advanced Dynamic Pricing for WooCommerce is a free plugin that helps you setup any kind of discount and dynamic pricing rules you like, and activate/deactivate rules as needed. You could also update to Pro version if you require the advanced dynamic discount features.
Key Features of Advanced Dynamic Pricing for WooCommerce:
- Can set discount rule not just for product, but also for the product category and discount would be applied in both the product page and the cart
- Allows to apply cart discount like free shipping for $500+ purchase
- Could offer bulk discount for one product or for a package and also set a custom message.
- Can give a BOGO offer (Buy one, Get one free).
- Offers dynamic front-end feature to update price from the front-end itself when the user increases quantity on product page which will also update price for cross-sells in the cart
Pros:
- The dynamic front-end feature is extremely powerful
- Have an average of 4.7 out of 5 stars (As of May 2023) in WordPress.org which proves the quality and service of the plugin
- Actively updated and most 5 stars are for excellent customer support
- Their statistics (pro) feature is impressive where you could see which rules really work, which products are involved and how much does it cost for you
Cons:
- Documentation could be improved
- Some users have mentioned that it has some issues when composite and bundled products are used heavily
Price:
- Free version with limited features
- 1 website, 1 year plugin updates – $80.00
- 3 websites, 1 year plugin updates – $120.00
- 10 websites, 1 year plugin updates – $160.00
Download Advanced Dynamic Pricing for Woocommerce now
YITH WooCommerce Dynamic Pricing and Discounts Plugin
YITH WooCommerce Dynamic Pricing and Discounts plugin is one of the advanced dynamic pricing plugins for Woocommerce that lets you create discounts and promotions to get the attention of your customers and to convert them to loyal customers for your store.
Key Features of YITH WooCommerce Dynamic Pricing and Discounts:
- Can set different conditions/rules for a discount like offering a discount if the customer has purchased a certain quantity of products
- You could give a discount to only specific categories, tags and user roles, change product price based on quantity, etc,
- Allows you to set multiple rules for a discount in such a way the user can get the discount only if the user satisfies all the rules
- Choose from 3 different types of discount. Fixed discount, Price discount and Percentage discount
Pros:
- Attract more customers with customized note on every products like “BUY 3 and Get 50% OFF”
- Also display price after discount to impress customers
- Allows you to include a pricing table displaying the different price of the product based on the number of quantities purchased
Cons:
- Conditions for discounts are minimal as a discount based on prices or products could not be seen
- Free version offers only minimal features
- Pricing is a bit expensive compared to other plugins
- BOGO rules could not be easily set up, considering its importance, a major drawback
- It has a basic free version which is removed from the repository
Price:
- $ 139.99 for a single site
Get YITH Dynamic Pricing and Discounts plugin now
WooCommerce Dynamic Pricing
WooCommerce Dynamic Pricing is the official dynamic pricing and discounts extension for WooCommerce plugin, sold by WooCommerce.com. It helps you to configure discounts in bulk by creating a table of quantities and discount amounts in your store.
Features of WooCommerce Dynamic Pricing
- Offer advanced product pricing through which you can do fixed price adjustments, percentage adjustments or set a fixed price for the product
- Can also choose the user roles for whom you want to apply the pricing rule
- Allows to apply discounts based on quantity based shopping
- Can configure pricing and discounts based on product categories
Pros
- Since, its the official extension you need not worry about the compatibility and support
- Easy to setup and use
Cons
- Has received mixed reviews from the customers
- Its the most expensive plugin in this list
- Does not offer a free version
Price
$129.00 for a single domain
WooCommerce Dynamic Pricing Now!
ELEX WooCommerce Dynamic Pricing and Discounts
ELEX Dynamic Pricing and Discounts plugin for WooCommerce is a WooCommerce dynamic pricing table plugin that helps you create and easily apply dynamic discounts and prices at the product, category and cart levels.
There is a free ELEX WooCommerce Dynamic Pricing and Discounts Plugin with limited features that you can try before buying.
Key Features of ELEX WooCommerce Dynamic Pricing and Discounts:
- Dynamic pricing table can be displayed on all the products displaying all the rules associated with those products
- You can set a discount for products not just based on the quantity but also based on the weight and price of the product which is really impressive
- Offers different rules like product rules, category rules, combinational rules, combinational category rules, cart rules, BOGO rules, and BOGO category rules
- Import and Export features are also available where you can import and export the rules
- Can also set a threshold limit for the discount amount
- Also offer a discount based on the combination of products like when a particular product is purchased and provide a discount for another specific product
- You can configure cart level discounts based on shipping method, payment gateway, etc,
Pros:
- Import/Export feature is exclusively found in the WooCommerce dynamic pricing plugin
- Customers have highly appreciated them for their support
- Easy to set up and to use
Cons:
- Pricing table can be displayed only if there are more than one rules for a product
- Repoted to have increased the page loading time when few rules are added together
Price:
- $79 for one site
- $119 for five sites
- $199 for 25 sites
Get ELEX WooCOmmerce Dynamic Pricing and Discount plugin Now
WooCommerce Dynamic Pricing and Discounts by RightPress
WooCommerce dynamic pricing and discounts is a CodeCanyon plugin by RightPress having the highest number of sales with more than 17,000 customers. It is an all-purpose pricing and promotion tool for online retailers.
You can use it for regular sales, promotions, discounts, deals of the day, flash sales, etc. You can target either specific variation or anything in between.
Key features of WooCommerce Dynamic Pricing and Discounts:
- Can increase, decrease or keep a fixed price depending on the quantity
- Different discounts are available like bulk pricing, tiered pricing, discounts to a group of products
- You can also apply a discount to Y quantity when X quantity is purchased at a full price
- No limit to conditions that can be applied like Date and time, shipping address, customer value, customer role, etc,
- Allows to combine all the conditions together for a single rule.
- You can also conditionally increase prices or charge extra fees when needed
Pros:
- Offers extensive multiple discount conditions (much variety of combinations.), that no other plugins offer this
- Flexible and easy to use
- You can also exclude certain rules for matching products from any other pricing rules
- Affordable price and recently updated on September 2022
Cons:
- Takes time and patience to configure the plugin, because of the high number of features
- WPML compatibility is still not available, so no multilingual support
- No free version
Price:
- $69 for 6-months support
- $93 for 12-months support
Get Woocommerce Dynamic Pricing and Discounts plugin now
WISDM Customer Specific Pricing for WooCommerce
WISDM Customer Specific Pricing plugin for Woocommerce allows you to create discounts for products categories, quantities and lets you use dynamic pricing specific for customers, roles and groups.
Key Features of Customer Specific Pricing plugin for Woocommerce:
- Can set different prices for specific customers, customer role and also group specific pricing
- Allows you to apply different pricing for different bulk orders like 10% off for two shirts, 30% off for four shirts and 40% off for five shirts, etc..
- Effortlessly import and export prices by their product ID or SKU
- You can set either a fixed price or percentage discount for different customers
Pros:
- Very easy to use with limited features
- Light-weight and robust
- You can apply discounts for one or more products at the same time
- Helps you manage the pricing efficiently with the Search and Delete tab in which you can merely search associated prices, and you can also delete or edit prices by a user, role or category
- Actively updated and excellent customer support from their team
Cons:
- Pricing table or offer table is not available
- Date and location based pricing, cart-based pricing is not available
- They have focused only on customer specific pricing, so users who need other conditions cannot use this much
- Pricing can be much cheaper to consider their customer segment to be specific
Price:
$79/Year for a single site with 1 year of updates and support
Get WISDM Customer Specific Pricing plugin now
Conclusion
Though only limited options are available for Dynamic pricing plugins, they all have worked well to meet their customer needs best.
Feel free to let us know in the comments about which plugin you are using and how is it much beneficial compared to the plugins we have mentioned here.
Discount Price For WooCommerce free plugin in WordPress repository can give price base on qty for particular product in WooCommerce.