Post by raybark » Fri Jan 17, 2014 11:31 am

Folks in part of the US will be aware of the old SIMS clothing store. They had a unique pricing strategy that could be beneficial to store needing very rapid turnover of limited stock - here's an example:
  • A product is listed at $50.
  • Ten days later, it goes to $40 - and the customer knows it will go there in that time frame.
  • Ten days after that - again public knowledge - it goes to $25, and that's the bottom.
Folks who "gotta have" the item will pay the $50, for fear they will sell out before they drop to $40; some will risk it, waiting for the middle price, and the rest will be snapped up at $25 - if there are any left.

By contrast, if it is a limited time discount, it could be configured to cause the price in increase automatically after so-many days, or after "x%" have been sold.

The the extension options would need at least:
  • Set how many price changes
  • Set the prices or % change
  • Set the interval times (or maybe the stock sold or remaining, as in the second example)
  • Set whether the time is visible until the next change
  • Set whether the future price will be visible

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Post by raybark » Thu Feb 27, 2014 9:38 pm

Qphoria was kind enough to suggest that the first part could be handled through the "Specials" feature already built into OpenCart, and it is working great!

You can't tell people when the changes will take place via that tool, but it's easy enough to post the schedule in the product description.

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