07 October 2024

Introducing Pricing Matrices: A Simpler, Smarter Way to Set Prices in Your Shop

Update , Shop

At At The Yard, we’re always striving to make your shop easier to manage while increasing its flexibility. That’s why we’re excited to introduce Pricing Matrices, a new feature that allows you to customise pricing on both the number of simultaneous orders and the number orders in a row. With this you’ll be able to simplify your shop setup while offering more dynamic pricing options for your customers.

Why Pricing Matrices?

We understand that managing a shop can sometimes feel overwhelming, especially when it comes to setting up multiple pricing tiers for different scenarios. Our new Pricing Matrices feature addresses this by:

• Adding a new "orders in a row" variable to give you more control over pricing for the number of orders in a row a customer selects.
• Helping you reduce the number of individual items in your shop by condensing them into a single item with a flexible pricing structure.

All whilst representing it in a simple 2D matrix so you can easily see and understand the pricing structure you’ve set up.

How Does It Work?

Setting up pricing matrices is simple and intuitive:

1. Navigate to your item publications under the admin menu and either edit an existing pricing option or create a new one.
2. Scroll down to the new pricing options section.
3. Set your minimum and maximum simultaneous orders and the maximum orders in a row.
4. Set your price per unit for each cell in the matrix.

Optional

• Set a default price that will apply to any cell in the matrix where you haven't set a specific price.

Use Case: Simplified Pricing for Stable Hire

Here’s an example of how pricing matrices can work for you.

Imagine you're offering stable hire through your shop:

• One night, the price is £50.
• If your customer books two nights in a row, the price is £80 (£40 per night).

How it looks in the shop:

Instead of needing to create separate items for different durations, you can now consolidate everything into one item with flexible pricing based on the number of consecutive bookings.

You can then extend this further such that you can offer a discount if someone is hiring two stables at the same time:

• Two stables for one night, the price is £90 (£45 per stable per night).
• If your customer books two stables for two nights in a row, the price drops to £140 (£35 per stable per night).

How it looks in the shop:

Who Benefits the Most?

This feature is designed with both yard owners and customers in mind.

Yard Owners

• Better accommodate your clients’ needs.
• Simplify your setup process.
• Maximise your revenue potential by offering attractive pricing offers for larger orders.

Customers

• A simpler and easier to navigate shop.
• Quicker and more straightforward booking process.

Empowering Your Shop for Success

Our goal at At The Yard is to continuously improve our platform by making it more powerful while simplifying your experience. The Pricing Matrices feature is just another way we’re helping you run your shop more efficiently, ultimately helping you grow your business and increase your revenue.

Available Now: Start Using Pricing Matrices Today!

The Pricing Matrices feature is available now! Head over to your shop and try it out today. If you have any questions or need assistance, don’t hesitate to reach out—we’re here to help.