Set a Minimum Margin Percent
One tool for your whole company. Free for teams to try.
Set a Minimum Margin Percent
If there is a maximum discount defined, the discount is applied before computing the margin percentage.
You can add discounts and promotions to entice customers to enter your store and buy a larger volume of KVI products.
Using RRP or supplier list price as your base price, you can use SYMSON to add discounts and promotions
Discounts and promotions are a great way to build relationship with loyal customers and keep them coming back for repeat purchases. New customers may also benefit from discounts.
An online clothing retailer wants to attract more customers and stand out in a highly competitive market. They decide to offer a limited-time promotion to incentivize new customers to make their first purchase.
Using SYMSON, the retailer offers a "New Customer Welcome Discount" of 20% off on the first purchase for customers. The discount is valid for a limited time, encouraging potential customers to take advantage of the offer.
By offering a new customer welcome discount, the online clothing retailer attracts first-time buyers who may have been hesitant to try their products.
A local convenience store faces competition from other eateries in the area. To increase foot traffic and entice customers to buy from them, they implement a lunchtime promotion targeted at the local office workers.
Using SYMSON, the store sets up a "Lunch Combo Special" where customers can get a discounted price on a meal combo that includes a sandwich, a snack, and a beverage. The promotion is valid only during weekdays from 12:00 PM to 2:00 PM, targeting the lunchtime rush.
By offering a lunch combo special, the store attracts office workers and nearby residents looking for a quick and affordable lunch option. The promotion helps the store stand out from competitors, encourages customers to visit during off-peak hours, and increases overall sales during lunchtime
A discount is a reduction in the original price of a product or service. It is a promotional strategy employed by businesses to incentivize customers to make a purchase, increase sales volume, or achieve other marketing objectives.
HOW TO USE DISCOUNTS AND PROMOTIONS
Using SYMSON, you can compute a sales price or list price with the additional discount percentage on the computed price. You can then apply this discount to a specific group of products for a specific customer group. Both prices can be exported via API to show the original vs discounted price.
You can add discounts and promotions to entice customers to enter your store and buy a larger volume of KVI products.
Using RRP or supplier list price as your base price, you can use SYMSON to add discounts and promotions
One tool for your whole company. Free for teams to try.
A discount is a reduction in the original price of a product or service. It is a promotional strategy employed by businesses to incentivize customers to make a purchase, increase sales volume, or achieve other marketing objectives.
HOW TO USE DISCOUNTS AND PROMOTIONS
Using SYMSON, you can compute a sales price or list price with the additional discount percentage on the computed price. You can then apply this discount to a specific group of products for a specific customer group. Both prices can be exported via API to show the original vs discounted price.
SYMSON’s versatile pricing engine allows you to combine Discounts and Promotions with other pricing strategies or apply across different layers of your pricing process.
Discounts and Promotions for a Online Clothing Retailer
An online clothing retailer wants to attract more customers and stand out in a highly competitive market. They decide to offer a limited-time promotion to incentivize new customers to make their first purchase.
Using SYMSON, the retailer offers a "New Customer Welcome Discount" of 20% off on the first purchase for customers. The discount is valid for a limited time, encouraging potential customers to take advantage of the offer.
By offering a new customer welcome discount, the online clothing retailer attracts first-time buyers who may have been hesitant to try their products.
Discounts and Promotions for a Convenience Store
A local convenience store faces competition from other eateries in the area. To increase foot traffic and entice customers to buy from them, they implement a lunchtime promotion targeted at the local office workers.
Using SYMSON, the store sets up a "Lunch Combo Special" where customers can get a discounted price on a meal combo that includes a sandwich, a snack, and a beverage. The promotion is valid only during weekdays from 12:00 PM to 2:00 PM, targeting the lunchtime rush.
By offering a lunch combo special, the store attracts office workers and nearby residents looking for a quick and affordable lunch option. The promotion helps the store stand out from competitors, encourages customers to visit during off-peak hours, and increases overall sales during lunchtime
Set a Minimum Margin Percent
If there is a maximum discount defined, the discount is applied before computing the margin percentage.
You can add discounts and promotions to entice customers to enter your store and buy a larger volume of KVI products.
Using RRP or supplier list price as your base price, you can use SYMSON to add discounts and promotions
Discounts and promotions are a great way to build relationship with loyal customers and keep them coming back for repeat purchases. New customers may also benefit from discounts.
An online clothing retailer wants to attract more customers and stand out in a highly competitive market. They decide to offer a limited-time promotion to incentivize new customers to make their first purchase.
Using SYMSON, the retailer offers a "New Customer Welcome Discount" of 20% off on the first purchase for customers. The discount is valid for a limited time, encouraging potential customers to take advantage of the offer.
By offering a new customer welcome discount, the online clothing retailer attracts first-time buyers who may have been hesitant to try their products.
A local convenience store faces competition from other eateries in the area. To increase foot traffic and entice customers to buy from them, they implement a lunchtime promotion targeted at the local office workers.
Using SYMSON, the store sets up a "Lunch Combo Special" where customers can get a discounted price on a meal combo that includes a sandwich, a snack, and a beverage. The promotion is valid only during weekdays from 12:00 PM to 2:00 PM, targeting the lunchtime rush.
By offering a lunch combo special, the store attracts office workers and nearby residents looking for a quick and affordable lunch option. The promotion helps the store stand out from competitors, encourages customers to visit during off-peak hours, and increases overall sales during lunchtime
