
The Pros and Cons With Pricing Solution
Ever wondered why Amazon changes its product prices or offers discounts so frequently? The ecommerce giant does this to maximize its profits by charging different prices for the same products, based on demand, supply and inventory, and customer behavior. As a WooCommerce store owner, you too can adopt this pricing strategy that goes by the name of dynamic pricing. This pricing approach can bring several benefits to your business, from getting overstocked products off the shelves to boosting the lifetime value of each customer.YayPricing is a WordPress plugin for your WooCommerce website that makes it simple to offer dynamic pricing and discounts. You can add several types of offers and choose which one to prioritize. Plus, YayPricing lets you create automated discounts, adjust pricing based on customer’s user roles, and…