There’s some math for that Have you ever noticed that you buy more when there’s a discount for a larger quantity? I know that I have. One time, to save money on coffee pods, I bought a whole bunch of them. This is the solution to boost your sales in your PrestaShop store. In today’s online market, where big retailers dangle tempting deals, you have to make sure to entice consumers to spend more. All this is simple by using the PrestaShop Quantity Discount Table module that displays cute and clear bulk discounts to your customers, and make it more interesting for them to buy more. In this post I’ll describe what this module does, what it has for others, and give you a few simple guidelines to make actions and turn your store into a money-making machine.
Why PrestaShop Quantity discounts are important?
Aggregator Discounts: The Power Of Bulk Discounts
Bulk discounts play to our desire to save. The more you buy the more you save! Customers are urged to shop like crazy. That “adds value to your order.” Studies show, purchasing in larger quantities can increase AOV by 15-20%. 0 It works! I’ve even purchased more socks for that discount to jump.
Growth of E-commerce Revenue: Issues and Opportunities
Abandoned carts and small order values are the bane of your existence. Roughly 70% of online shoppin(gcarts) are abandoned. 1 Some days it’s hard to compete with those with big stores that can give tremendous discounts. If I felt that prices at the smaller stores were comparable to the giants, I avoided them. You need to figure out how to get customers to spend more without sacrificing your bottom line.
PrestaShop Quantity Discount Table: Benefits
This module will pave the way for you to earn more money by giving a nudge for larger orders, quicker inventory conversion and satisfied clients. Costco has figured out the pricing of in bulk — massive sales. PrestaShop stores utilizing quantity discounts besides that also get big winners. 2 This is an excellent method to transforming your store into a destination.
Key Features of PrestaShop Quantity Discount Table that Boosts Your Sales
“Check out the features of this revenue booster:
Clear and Customisable Discount Tiers
The module creates a table which lists discounts per product number. So 5% off with 2 items and 10% off with 5. People can just see the savings and add you to their cart. Use an example that’s unrelated to eating out: Consider a customer who sees an amazing deal on extra shirts. It’s a reason to spend.
Flexible Discount Rules
Promotional pricing can be applied to categories or customer groups. You can offer larger discounts to your biggest, most loyal customers. If a shop gives 15% discount to its VIPs who purchase 3 or more items, they will feel valued and shop more.
Prices updated in Real Time
Prices are adjusted based on the products that customers add to cart as they do it, showing the discount instantly. The price went down once I put it in with a third pair of shoes. It prompted me to purchase. This kind of instant feedback makes you jump back into things, you want things to happen fast.
Mobile-Friendly Design
The discounts, in other words, are clearly displayed to shoppers on their phones. Its minimalist, mobile-friendly layout makes a great choice for people who never want to miss a deal, anytime, anywhere. That’s just what phone-first consumers want today.
SEO and Conversion Boost
Active sites are loved by search engines, therefore posting your site there will rank your site higher. One shop saw a 25 percent hike in traffic after incorporating discount tables. 3 More customers + bigger orders = more revenue.
Inventory Management
Volume discounts can also help you move bulk or slow-moving stock faster, freeing cash and space at the same time. For example, discounting seasonal decor before new stock arrives clears the shelves and brings in fast cash. 4
Show the PrestaShop unit price based on the quantity?
Ready to make more money? How to use the module.
Setup and Configuration
The module is easy to install. Simply visit you PrestaShop back office and upload it. After that, you will have to create the discount levels — for example 10% off for three or more items of a certain type. The module is simple to configure and get set up but will have you selling more items in no time.
Choosing the right products or categories
Concentrate on high margin, slow-moving or bundled products. If you discount part of a skincare set, it’s tempting for customers to add the entire set to their cart. This will add value to your order.
Promotional Discounts
You can promote your ‘Buy More, Save More” through banners, email or social media. One store I follow on Instagram shared a chart of markdowns, and then marked them up. 5 Share deals to please customers.
Integrating Other Strategies
Loyalty programs and limited-time offers could also make a big impact when combined with discounts. Great ways to do this include offering quantity discounts as well as a point system where they get points for bulk orders!
Overcoming Common Challenges
Here’s what you can do to avoid them.
Avoiding Profit Loss
Set strategic discount levels. For instance, 5% to make a small purchase, or 15% to make a larger one. Your revenue and profit need to be even for your business to stay healthy.
Avoiding Customer Confusion
Confusing discount terms can result in abandoned carts. Present easy-to-read tables with an explicit definition of terms. Make your site easy to comprehend. I have been tempted to bounce out of ones that were obscure.
Maintaining Perceived value
A brand that discounts too significantly may seem cheap. To protect the value of your brand, frame them as exclusive perks for loyal customers or bulk buyers, like a VIP offer.
Case studies: How quantity discounts are working for retailers
How real stores make money
Case 1: A Happy Electronics Store Townsquare Townsquare Who the Client WasThe client was an electronics store.
Selective sales: A small PrestaShop electronics store used Quantity discount feature to boost the Average cart value of its customers by 18%. When they were offered 10% off if they bought three or more, customers bought more gadgets.
Case 2: Fashion Retailer Wins With Energy Monitoring Note: In this case study, the organization’s name has been edited to protect identity.
Shoe store provides Buy More Save More deals on accessories. For example, 15% off 5 items. This increases sales by 15%. The shoppers were loving it, and they kept piling up their carts.
Case (3) Turning around Home Goods Ghoshal et al. 9 June What Happpened?
Volume discounts enabled a home goods retailer to bolster cash flow by unloading slow-moving inventory. Bulk decor items were marked down to make way for new products.
The Key Takeaways
Stores that implemented this tactict were able to maximize sell through with skillful discounting and promotions. Experiment with more of the same tactics if you get the results you seek in record time, for example, discounts, first in one category.
How to Evaluate the Effectiveness of Volume Rebates Keep track of your progress.
Key Metrics
Monitor average order value, conversion rate and inventory turns. See how long a time the users spend on the product pages with the discount tables. 6
Customer Feedback
Request feedback, or best deals for brief surveys. You can adjust your tiers according to your customers’ feedback. I had a retailer reduce the requirements so I could reach them easier because they told us our ycon they were too hard to get.
Continuous Optimization
You can switch to another discount or product using data. Stick to bulk electronics transactions if the site sells more than clothing.
Conclusion:
The Quantity Discount Table is a convenient way to boost up the conversion rate. It leads to bigger orders and happier customers. By having the discount bands and being able to set your discount tolerance rules, it makes shopping fun and rewarding. Why not try it? Install the module and test the discount table for a couple of products to see how it works. Quantity discount rewards create a fun, engaging, and profitable shopping experience, leaving the customer feeling good about their purchase and coming back for more. Got discount tips or questions? We would love to hear your discount strategies and questions! Let us know in the comments section or on social media.