Manage Tier Price

Discover the rich array of features offered by Spurtcommerce Marketplace Solution through an in-depth walkthrough. Uncover its seamless functionality and intuitive workflow, ensuring a smooth and efficient experience for eCommerce Administrators, Vendors and Customers.

Strategic Pricing with Tier Price Management

Empower administrators to implement dynamic pricing strategies with the Tier Price Management feature, designed to provide discounts on bulk purchases. Imagine a scenario where an eCommerce store sells a popular item, let's say a smartphone. The admin utilizes the Tier Price Management feature to create pricing slabs based on quantity, offering customers enticing discounts for buying in larger quantities.

Key Features:

• Admins create a tiered pricing structure for the smartphone, defining slabs based on quantity breakpoints.

 Example:

• Buy 5 smartphones at $200 each.
• Buy 10 smartphones at $190 each.
• Buy 20 smartphones at $180 each.
• Specify discounted per-item costs for each pricing slab to incentivize bulk purchases.

 Example:

• For 6 smartphones, the cost per item automatically adjusts to $190, providing customers with a $10 discount per unit.
• Fine-tune quantity-based pricing by setting distinct costs for varying product quantities.

 Example:

• Adjust the pricing slabs to align with business objectives, offering a more significant discount for higher quantities.
• Streamline bulk purchase processes by providing customers with transparent tiered pricing options.

 Example:

• Customers who buy 10 smartphones receive a per-item cost of $180, encouraging them to consider buying in larger quantities and saving money.

The Tier Price Management feature enables administrators to implement a strategic approach to pricing, fostering customer loyalty and optimizing sales. With customizable slabs and tiered discounts, this feature ensures that your eCommerce platform is well-equipped to handle varying customer preferences and encourage bulk purchases.