Dynamic pricing is a powerful tool that you can use to adjust prices for products based on different factors, including time of day, day of the week, or even specific customer segments.
To set up dynamic pricing in WooCommerce, first create a new pricing plan. You can do this by going to your WooCommerce admin area and clicking on the Pricing Plans tab.
From here, you’ll need to select the plan you want to create a new plan from, and then select the pricing plan type from the list.
Once you’ve selected the plan type, you’ll need to select the items that will be affected by the new plan. To do this, click on the Add Items button and select the items you want to include in the new plan.
After you’ve added the items, you’ll need to select the price thresholds that will apply to the products. This will determine the minimum and maximum prices that will be used when calculating the new prices.
Once you’ve set up the price thresholds, you’ll need to select the pricing plan type. This will determine the methods used to calculate the new prices.
You can choose to use the average price, the min value, or the max value.
After you’ve set up the pricing plan, you’ll need to select the pricing schedule. You can choose to use a fixed schedule or a dynamic schedule.
With a fixed schedule, the prices will stay the same every time the plan is activated. With a dynamic schedule, the prices will change depending on the specific conditions that are present.
Finally, you’ll need to select the pricing mode. You can choose to use fixed pricing, percentage-based pricing, or fixed price with volume discounts.
Once you’ve set up the pricing plan, you’ll need to activate it. To do this, go to the WooCommerce admin area and click on the Pricing Plans tab.
From here, you’ll need to select the plan you want to activate the new plan from, and then select the Activation Type from the list.
Once you’ve selected the activation type, you’ll need to select the pricing schedule.
After you’ve activated the pricing plan, you’ll need to start charging customers. To do this, go to the WooCommerce admin area and click on the Products tab.
From here, you’ll need to select the product you want to change the price for, and then click on the Price tab.
From here, you’ll need to enter the new prices for the product. You can use the average price, the min value, or the max value.
You can also use the percentage-based pricing format, which will allow you to specify a percentage increase or decrease for the price of the product.
After you’ve set the prices for the product, you’ll need to click on the Save Changes button to save the changes to the product.
Finally, you’ll need to send email notifications to customers when the prices for the products change. To do this, go to the WooCommerce admin area and click on the Notifications tab.
From here, you’ll need to select the product category for the product, and then select the products that you want to send email notifications for.
After you’ve set up the pricing plan, activated the plan, and set the pricing schedule, you’re ready to start charging customers.
Dynamic pricing can be a powerful tool that you can use to adjust prices for products based on different factors, including time of day.
