How to decide discount strategy (various numbers, % etc)

How to decide discount strategy (various numbers, % etc)

vipul510
Visitor
2 0 0

Hi everyone, 

I have a question about discount %. Maybe a bit too naive. I am wondering how to decide which discount % works best for a store?

Buy 2 get x% discount

Buy 3 get y% discount

How do you decide these numbers? Is there a way to test it out?

 

Thanks

Replies 5 (5)

K_Br4
Explorer
50 3 9

Hi,

 

It would take some testing, but you may also try upsell/cross-sell apps, as they usually have ideas in that direction.

And you can also have a look at Amazon and Temu to see how they are doing it - they've done testings, I'm sure of it 🙂

 

topshop
Shopify Partner
153 14 17

@vipul510 , you might just have to test these out to see which approach sells the most. What I see many merchants do is create multiple tiers of discount at the same time. The advantages of this approach are twofold:

  • Let's you test multiple offers at once and see which one sells more. Saves you time testing the approaches.
  • Nudges users to buy more as they would get bigger discounts when they buy more amount or in more numbers

 

You can activate multiple automatic discounts using the native discounts. However, if you want more customizations and an easier way to manage multi-tier discounts, feel free to try out app, Discount Bot. Here's a quick screenshot of how you can setup volume discounts:

 

topshop_0-1727894293393.png

 

In case of additional questions, I'm happy to help.

 

Founder, Discount Bot: Sitewide Sales
- Exclude hand-pick products/collections or on-sale items from discounts: Read the guide
- Increase AOV using multi-tier volume discounts
- Bulk coupon codes - for discount promotion
PaulNewton
Shopify Partner
7192 635 1494

Key feature here is checking if app supports A/B testing: https://apps.shopify.com/discount-bot?utm_medium=social&utm_source=shopify_community#:~:text=Targeti...

 

Though there is no external support docs to be found.

Contact [email protected] for the solutions you need


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PaulNewton
Shopify Partner
7192 635 1494

How do you decide these numbers? Is there a way to test it out?

 

#1 by doing the accounting of what the business can afford.

 

For deciding what works better for conversions the concept is: ab testing discount campaigns.

 

It's either a manual process as there is no native behavior in shopify to automate ab testing discounts.

Seek out discount apps with the features, or plan a marketing and adspend strategy accordingly.

Contact [email protected] for the solutions you need


Save time & money ,Ask Questions The Smart Way


Problem Solved? ✔Accept and Like solutions to help future merchants

Answers powered by coffee Thank Paul with a Coffee for more answers or donate to eff.org


vipul510
Visitor
2 0 0

thanks for the response. Any apps which you could recommend for a/b testing discount strategy?