Dynamic Pricing: What Is It and Why Is It a Must on WooCommerce?

Dynamic Pricing: What Is It and Why Is It a Must on WooCommerce?

Author: WP Pluginsify

Date: February 25, 2020 

Category: Business, Reviews, Tips and tricks

This happens often.

You’re looking to book flight tickets online. You make the mistake of not purchasing them right away and *boom* a couple of days or sometimes hours later, the prices have gone up.

Altering prices based on demand or customers is a common strategy that several businesses use to drive sales or maximize profits.

In e-commerce, this is officially known as dynamic pricing.

What Is Dynamic Pricing?

A concept that’s been around for a while. Dynamic pricing is when the price of a product or service is adjusted (increased or decreased) for a specific period of