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Best WooCommerce Dynamic Pricing Plugins for 2022 (With Configuration)

Updated on June 7, 2021

7 Min Read
WooCommerce dynamic pricing plugins

Running a WooCommerce store is challenging, mainly because of the intense competition that you face from stores in your niche. Since everyone is sharing the same pie, you must deploy strategies and tactics that get you more of the share. Dynamic pricing is an essential tactic that would help you position your store at the head of the pack.

The word “Dynamic” in dynamic pricing means “varying” or “constantly changing” based on several factors, including demand for the product and the customers’ preferences.

In this article, I will take you through WooCommerce dynamic pricing plugins and configure them on your WooCommerce store.

What is Dynamic Pricing

Before we rush towards WooCommerce dynamic plugins, it is crucial to establish a strong understanding of dynamic pricing and how it benefits your online store.

Dynamic pricing is when you set adjustable or changeable pricing for a product or a group of products based on several factors, including the demand. Consider the case where you have a top-selling product, and you believe if you increase its price, you will see a boost in your revenue. This strategy is called dynamic pricing.

You can also use dynamic pricing to move out-of-demand products at discounted prices. While you have top-selling products that move on their own, you also have unwanted products that you can sell by discounting their prices using the dynamic pricing strategy.

Advantages of Dynamic Pricing

Now that you have an idea of what dynamic pricing is, let’s take a look at some of its advantages.

Boost Sales & Revenue

You can increase the sales of products that are performing poorly. Similarly, you can discount products on events such as Black Friday or Boxing Day for an increase in revenue.

Beat Competition

Dynamic pricing allows you to change your product prices based on your competitors’ pricing. You can attract their customers to your store by lowering your prices.

Best WooCommerce Dynamic Pricing Plugins

Here is my list of the best WooCommerce dynamic pricing plugins that you can use on your online store.

1- ELEX WooCommerce Dynamic Pricing and Discounts

Elex WooCoomerce Dynamic Pricing

Elex WooCommerce is one of the most popular WooCommerce dynamic pricing plugins that allows you to easily and quickly set up dynamic pricing on your ecommerce site. You can apply discounts and coupons for individual products, product categories, and cart pages.

The plugin lets you apply conditions and rules that determine the pricing of your products. Alternatively, you can change your product pricing manually without much effort.

Some of its best features:

  • Discounts on product categories.
  • Discounts on product combinations or bundles.
  • Compatible with popular plugins like WPML and Currency Switcher.
  • Display pricing table on product pages.
  • Lets you run buy-one-get-one-free offers.

Pricing

  • Single site – $79
  • Up to 5 sites – $119
  • Up to 25 sites – $199

2- YITH Dynamic Pricing and Discounts for WooCommerce

YITH WooCommerce Dynamic Pricing Plugin

YITH is a popular WooCommerce plugin development group, and its portfolio includes a fantastic plugin for dynamic pricing and discounts. The plugin allows you to set dynamic pricing for your products through price rules and conditions. Along with that, you can also set targeted offers based on the quantity purchased.

Using this plugin, you can also set discounts for specific users, the number of products they have in their cart, or the number of purchased products.

Here are some of its best features:

  • Schedule offers.
  • Comes with three different discount modes.
  • Offer free products using BOGO.
  • Offer free shipping based on shopping carts.
  • Ability to display price table horizontally or vertically.

Pricing

  • Available at $139.99/year.

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3- WooCommerce Dynamic Pricing

WooCommerce Dynamic Pricing Plugin

WooCommerce dynamic pricing is the official plugin by the WooCommerce team that enables you to set up dynamic pricing on your online store. The plugin comes with advanced product pricing that lets you set product pricing based on a number of variables including the quantity of the products purchased or the quantity purchased by a particular customer.

You can also assign roles to customers like “Gold members” so that they can be identified as loyal customers. You can then assign special discounts for these customers to acknowledge their loyalty and retain them for a longer period.

Here are some of its best features:

  • Comes with seven different discount modes.
  • Ability to assign customers different roles based on their purchases.
  • Extensive documentation.
  • Comes with expert WooCommerce support.

Pricing

  • Available at $129/year.

4- WooCommerce Dynamic Pricing and Discounts by RightPress

WooCommerce Dynamic Pricing Plugin by RightPress

RightPress is a popular plugin developer listed at CodeCanyon, one of the biggest WordPress plugin marketplace. WooCommerce dynamic pricing and discounts plugin by RightPress is one of the best-selling plugins with more than 17000 sales and a 4.5-star rating. The plugin is simple yet powerful and effectively manages dynamic pricing for your WooCommerce store.

You can use this plugin for scheduled promotions, bundle pricing, flash sales, exclusive discounts, and much more.

Here are some of its best features:

  • Bulk pricing.
  • Buy-one-get-one deals.
  • Create bundle products.
  • Tiered pricing.
  • Create product groups based on the quantity purchased.

Pricing

  • Regular License: $69 (6 months support).
  • Extended License: $299 (6 months support).

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5- WISDM Customer Specific Pricing for WooCommerce

WISDM WooCommerce Dynamic Pricing Plugin

WISDM Labs is another great WordPress plugin developer group that has developed the popular WooCommerce dynamic pricing plugins called WISDM Customer Specific Pricing. The plugin lets you reward loyal customers by setting prices that are specifically for older customers.

With this plugin, you can also create a special shop page for specific buyers. You can set conditions such as the number of products in the cart or the total cart value.

Here are some of its best features:

  • Individual prices for specific customers.
  • Exclusive cart discounts.
  • Compatible with WordPress multisite.
  • Add custom messages on the cart page.
  • Stock scheduling.

Pricing

  • WSDM Customer Specific Pricing – $80/year.
  • WISDM ‘Exclusive Duo’ – $99/year.
  • Sales Booster Pack – $108/year.

6. WooCommerce Dynamic Pricing & Discount Rules by Woosuite

Woosuite dynamic pricing and discount rules

WooCommerce Dynamic Pricing & Discount Rules is a useful plugin to create dynamic pricing and promotions for your WooCommerce store. You can use it to specify prices based on conditions such as cart quantities, tiered pricing, volume based discounts, BOFO offers and more. 

You can set bulk pricing to encourage buyers to purchase more, increasing your AOV. Additionally, you can also create dynamic pricing discounts, whether on a user role basis, product categories, or even with a specific date range in mind. 

Here are some of its best features:

  • Create scheduled promotional offers.
  • Bulk edit pricing rules.
  • Opt for volume or tier-based pricing.
  • Create offers based on a user role basis or order subtotal.
  • Import and export pricing rules. 
  • Receive discounts on product categories.
  • Display pricing table on product pages.

Pricing

  • Basic – $8.25/month.
  • Professional – $12/month.
  • All Access – $29/month.

Configure Dynamic Pricing Using YITH WooCommerce Pricing Plugin

Now that we have gone through dynamic pricing plugins, let’s see how you can configure one on your WooCommerce store. For this article, I will be using YITH WooCommerce Dynamic Pricing Plugin.

Installing YITH WooCommerce Dynamic Pricing and Discounts

Once you have logged into your WordPress Dashboard, navigate to the sidebar and look for the Plugin section. Click ‘Add New’ and search for YITH WooCommerce Dynamic Pricing and Discounts in the search bar. Once found, click on the ‘Install Now’ button and activate the plugin.

Install Plugin

If you have downloaded the plugin in a .zp format, you may install it by uploading it here:

Upload Plugin

YITH plugin is now installed on your website:

Plugin Settings

A free version of YITH Dynamic Pricing and Discounts permits you to make an endless number of discount guidelines by applying discounts on a product according to its quantity in the cart.

To make your first rule, you need to go to the plugin settings from YITH Plugins – > Dynamic Pricing.

Dynamic Pricing Setting

Now you can enter the rule name. To set it up, click on the “Add new rule” button.

Add New Rule

I am adding 50% discount for all products. Exciting, isn’t it? Wish it was real, though!

Add Discount

New Rule Configuration

  • You can apply the rule to all products of the shop or just to those identified with at least one product category.
  • You can enter the minimum quantity of products to apply the discount to
  • You can enter the amount of discount (at a percentage in respect to the product cost).

Discount Description

As you can see in the image above, we assume a 50% discount on all products that are 5 or more in quantity in the cart.

Suppose I purchase six  Black T-Shirts and the price of the 1 T-Shirt is $50.

Product Detail

Now, let’s see if the discount is automatically applied or not

 

Cart Description

As expected, the discount has been applied for the “black t-shirt” category on purchasing more than 5 units.

Final Words

With this, I will conclude my piece hoping that you have now developed a better understanding of WooCommerce dynamic pricing plugins and configured them.

If you have any questions about this tutorial, need help to manage your WooCommerce store, or have a suggestion for a WooCoomerce article, please write in the comments below or drop me an email. I will be sure to answer you as soon as possible.

Bonus Tip: Signup on Cloudways managed WooCommerce hosting platform and get the 15% OFF for the first three months.

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Saud Razzak

Saud is the WordPress Community Manager at Cloudways - A Managed WooCommerce Hosting Platform. Saud is responsible for creating buzz, spread knowledge, and educate the people about WordPress in the Community around the globe. In his free time, he likes to play cricket and learn new things on the Internet. You can email him at [email protected]

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