coreSTORE - Inventory: Price Rules for Buy X Get Discount.
"Buy X Get Discount" is a promotional strategy used to encourage customers to purchase a specified quantity of items in order to receive a discount on their total purchase. This type of promotion typically requires customers to buy a certain amount of products to qualify for the discount, which can be a fixed amount or a percentage off the total purchase price.
This strategy aims to increase sales volume by motivating customers to purchase more items than they might have initially intended, leveraging the appeal of savings and perceived value. It also helps to move inventory, especially for products that may be slower to sell or are part of a seasonal clearance effort.
To set this up, on the left-hand side go to Inventory > Price Rules.
Next, select the "+Create Rule" button at the top-right.
For the "Rule Type", select the "Buy X Get Discount" Option.
Next, give the Price Rule a "Rule Name".
Optional: You can choose if this discount only applies to customers associated with a "Price Tier".
Price Tier: A Price Tier can be created under Company > Settings > Price Tiers. Once a Price Tier is created, you can assign it to a Customer under Sales > Customers > Find the customer and click "Edit" > Towards the bottom of this screen, inside of the "Tier Type" field you can choose one of your Price Tiers to be assigned to the customer.
Optional: You can choose to apply this discount to Inventory Items that have a promotion happening via the "Apply If Item Has A Promo" setting.
Promotion: You can assign a "Promo Price to an Inventory Item by going to Inventory > Items > Find your Item > Click "Edit" > At the top, go to the "Pricing" tab > In here, you can assign a "Promo Price" as well as the promotions "Promo Start Date" & "Promo End Date".
Optional: You can choose to have this Price Rule override the "Price Tier" pricing structure for an inventory item with the "Override Price Tiers" setting.
Override Price Tiers: When enabled, it will only apply the Price Rule discount. If disabled, then it will apply the Price Tier discount then the Price Rule discount
Optional: You can choose to make this Price Rule only be applied on specific days using the "Applicable Days" setting. By default it should be set to "All".
Next, we can establish the Price Rule's "Start Date" & "End Date" fields to determine how long the sale will go on for. The "Start Time" & "End Time" fields are completely optional.
Next, we can specify which locations this Price Rule will apply to. By default the "All" setting is enabled.
Optional: You can make your Price Rule require a "Coupon Code" to be entered in before the discount gets applied.
Coupon Code: Whatever is typed into this field will need to be entered in on the sales screen to apply your discount to the qualifying products.
(Note: When in the "New Sale" screen, after ringing up your items click the big green "Continue" button at the bottom-right and you will then see a field labeled "Add Coupon Codes" and inside this field you can type in your "Coupon Code" to apply the discount from the Price Rule to this sale.)
Print Coupon On Receipt: This will allow you to print the Coupon Code onto the customers receipt. This will display the Rule Name, Coupon Code with a scannable barcode, and also the Start and End Dates for the Price Rule. If enabled, it will also add a new field called "Spend Amount To Activate On Receipt".
Number Of Days Before You Can Use It Again: This field would be used to make the Price Rule not allow the same customer to use the Coupon Code within the # of days you enter.
Spend Amount To Activate On Receipt: This field would be used so the customer has to spend X amount of $ before the Coupon Code will print on their Receipt.
Next, make sure the "Active" field is enabled. If not, then the Price Rule will be inactive and the system won't use it.
Next, we can use either of these 4 fields to tell the system which items specifically will be on sale for this Price Rule.
Qualifying Items: This field allows you to choose specific Inventory Items that this Price Rule will be applied to. Simply search for you inventory items and select them to pull the item in.
Qualifying Item Kits: This field allows you to choose specific Item Kits that this Price Rule will be applied to. Simply search for the Item Kits and select them to pull the item in.
Qualifying Categories: You can select as many categories as you want to be used for this Price Rule and all inventory items that reside in that category will have the discount applied.
(Note: If you select the Parent Category in this field, all Child Categories or "Sub-Categories" will also get the discount applied)
Qualifying Tags: If you have any "Tags" applied to inventory items, whatever tag you type into this field will apply the discount to the inventory items that reside under that tag.
Next, we need to fill out the "Quantity To Buy" field.
Quantity To Buy: This field allows you to choose how many items a customer has to purchase to be eligible for the discount.
Next, since we selected the "Buy X Get Discount" Rule Type, we get two different options to choose from for how we are going to apply the Discount.
Percent Off: You can enter in a percentage and it will automatically apply that percentage to the "Discount %" column inside of your "New Sale" screen for the qualifying inventory items, thus reducing the price.
Fixed Off: You can enter in a specific $ amount to be reduced for an inventory item that is qualified for this Price Rule. The best way to calculate a fixed off amount would be:
Fixed Off = Original Price x Discount Rate
(Note: When using the "Fixed Off" field, on the "New Sale" screen when you ring up an item for the Price Rule it will not give a % in the "Discount %" column. Instead, below the line item in the grid it will have a line that says the Price Rule name and the Fixed Off amount next to it indicating that the $ amount was applied)
Next, if you want to be able to mix and match items related to this Price Rule, you will want to enable the "Mix And Match" setting.
Mix And Match: This will allow you to add in multiple different qualifying inventory items onto a sale and the customer will receive the discount specified as long as the qualifying item qty reaches the "Quantity to Buy" fields specified amount. If this setting is disabled, you would need to sell the SAME qualifying inventory item X amount of times before a discount is applied.
For example: If the "Quantity to Buy" is set to 3, you need to sell at least 3 of the SAME qualifying inventory items to be able to obtain the specified discount. With the "Mix And Match" option enabled, as long as there are 3 qualifying items specified inside of the sales screen, the discount will be applied to them all.
Lastly, you can choose if you want to restrict how many times a customer can use this Price Rule.
Maximum Allowed Per Sale: This feature lets you control how many times you can use this Price Rule in one purchase.
For example, if you set the "Maximum Allowed Per Sale" to 3, a customer can use this Price Rule up to 3 times. Any additional qualifying items added to the same purchase will be charged at the full price.
This helps ensure fair discounting and prevents customers from unintentionally exceeding intended promotional limits.
Unlimited: This allows the Price Rule to be applied to a purchase as many times as the customer wants.
Finally, we can click the "Save" button to finalize this Price Rule.
This strategy aims to increase sales volume by motivating customers to purchase more items than they might have initially intended, leveraging the appeal of savings and perceived value. It also helps to move inventory, especially for products that may be slower to sell or are part of a seasonal clearance effort.
To set this up, on the left-hand side go to Inventory > Price Rules.
Next, select the "+Create Rule" button at the top-right.
For the "Rule Type", select the "Buy X Get Discount" Option.
Next, give the Price Rule a "Rule Name".
Optional: You can choose if this discount only applies to customers associated with a "Price Tier".
Price Tier: A Price Tier can be created under Company > Settings > Price Tiers. Once a Price Tier is created, you can assign it to a Customer under Sales > Customers > Find the customer and click "Edit" > Towards the bottom of this screen, inside of the "Tier Type" field you can choose one of your Price Tiers to be assigned to the customer.
Optional: You can choose to apply this discount to Inventory Items that have a promotion happening via the "Apply If Item Has A Promo" setting.
Promotion: You can assign a "Promo Price to an Inventory Item by going to Inventory > Items > Find your Item > Click "Edit" > At the top, go to the "Pricing" tab > In here, you can assign a "Promo Price" as well as the promotions "Promo Start Date" & "Promo End Date".
Optional: You can choose to have this Price Rule override the "Price Tier" pricing structure for an inventory item with the "Override Price Tiers" setting.
Override Price Tiers: When enabled, it will only apply the Price Rule discount. If disabled, then it will apply the Price Tier discount then the Price Rule discount
Optional: You can choose to make this Price Rule only be applied on specific days using the "Applicable Days" setting. By default it should be set to "All".
Next, we can establish the Price Rule's "Start Date" & "End Date" fields to determine how long the sale will go on for. The "Start Time" & "End Time" fields are completely optional.
Next, we can specify which locations this Price Rule will apply to. By default the "All" setting is enabled.
Optional: You can make your Price Rule require a "Coupon Code" to be entered in before the discount gets applied.
Coupon Code: Whatever is typed into this field will need to be entered in on the sales screen to apply your discount to the qualifying products.
(Note: When in the "New Sale" screen, after ringing up your items click the big green "Continue" button at the bottom-right and you will then see a field labeled "Add Coupon Codes" and inside this field you can type in your "Coupon Code" to apply the discount from the Price Rule to this sale.)
Print Coupon On Receipt: This will allow you to print the Coupon Code onto the customers receipt. This will display the Rule Name, Coupon Code with a scannable barcode, and also the Start and End Dates for the Price Rule. If enabled, it will also add a new field called "Spend Amount To Activate On Receipt".
Number Of Days Before You Can Use It Again: This field would be used to make the Price Rule not allow the same customer to use the Coupon Code within the # of days you enter.
Spend Amount To Activate On Receipt: This field would be used so the customer has to spend X amount of $ before the Coupon Code will print on their Receipt.
Next, make sure the "Active" field is enabled. If not, then the Price Rule will be inactive and the system won't use it.
Next, we can use either of these 4 fields to tell the system which items specifically will be on sale for this Price Rule.
Qualifying Items: This field allows you to choose specific Inventory Items that this Price Rule will be applied to. Simply search for you inventory items and select them to pull the item in.
Qualifying Item Kits: This field allows you to choose specific Item Kits that this Price Rule will be applied to. Simply search for the Item Kits and select them to pull the item in.
Qualifying Categories: You can select as many categories as you want to be used for this Price Rule and all inventory items that reside in that category will have the discount applied.
(Note: If you select the Parent Category in this field, all Child Categories or "Sub-Categories" will also get the discount applied)
Qualifying Tags: If you have any "Tags" applied to inventory items, whatever tag you type into this field will apply the discount to the inventory items that reside under that tag.
Next, we need to fill out the "Quantity To Buy" field.
Quantity To Buy: This field allows you to choose how many items a customer has to purchase to be eligible for the discount.
Next, since we selected the "Buy X Get Discount" Rule Type, we get two different options to choose from for how we are going to apply the Discount.
Percent Off: You can enter in a percentage and it will automatically apply that percentage to the "Discount %" column inside of your "New Sale" screen for the qualifying inventory items, thus reducing the price.
Fixed Off: You can enter in a specific $ amount to be reduced for an inventory item that is qualified for this Price Rule. The best way to calculate a fixed off amount would be:
Fixed Off = Original Price x Discount Rate
(Note: When using the "Fixed Off" field, on the "New Sale" screen when you ring up an item for the Price Rule it will not give a % in the "Discount %" column. Instead, below the line item in the grid it will have a line that says the Price Rule name and the Fixed Off amount next to it indicating that the $ amount was applied)
Next, if you want to be able to mix and match items related to this Price Rule, you will want to enable the "Mix And Match" setting.
Mix And Match: This will allow you to add in multiple different qualifying inventory items onto a sale and the customer will receive the discount specified as long as the qualifying item qty reaches the "Quantity to Buy" fields specified amount. If this setting is disabled, you would need to sell the SAME qualifying inventory item X amount of times before a discount is applied.
For example: If the "Quantity to Buy" is set to 3, you need to sell at least 3 of the SAME qualifying inventory items to be able to obtain the specified discount. With the "Mix And Match" option enabled, as long as there are 3 qualifying items specified inside of the sales screen, the discount will be applied to them all.
Lastly, you can choose if you want to restrict how many times a customer can use this Price Rule.
Maximum Allowed Per Sale: This feature lets you control how many times you can use this Price Rule in one purchase.
For example, if you set the "Maximum Allowed Per Sale" to 3, a customer can use this Price Rule up to 3 times. Any additional qualifying items added to the same purchase will be charged at the full price.
This helps ensure fair discounting and prevents customers from unintentionally exceeding intended promotional limits.
Unlimited: This allows the Price Rule to be applied to a purchase as many times as the customer wants.
Finally, we can click the "Save" button to finalize this Price Rule.
Updated on: 06/26/2024
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