Buy X For a Fixed Price Promotion

Introduction

Promotion includes all those methods that a retailer uses to boost sales by encouraging customers to buy more items. Some good examples of promotions are:

Buy Shirts | Get T Shirts @ 20% off
Buy any Women’s Bags for $199
Spend $1000 | Save 10% on bill total

Promotions are set up within the application to automatically apply when certain specific conditions are met.

Types of Promotions

The following types of promotions are available in iVendNext:

Buy X | Get Y

Offering a free or discounted item when buying another item.

Buy X | For a fixed price

Offering an item at a fixed price irrespective of the actual item price.

Spend X | Save an amount

Offering a discount on the total bill value.

For the purpose of this article we will focus on: Buy X | For a Fixed Price Promotion and would use the below data set for illustration:
Promotion Name - Buy X | For a Fixed Price Promotion
Promotion Description - Buy any women's coat for USD 50
Item Name - Women Coat (WC-1001)
Item Description - Double Brest Trench Coat

Prerequisites

Before creating a promotion in iVendNext, ensure you have the following set up:

Item
Item Group
Customer Group

Steps to create a Buy X | For a Fixed Price Promotion

The steps to create a Buy X | For a Fixed Price Promotion in iVendNext are summarized below:

1. Log in to iVendNext:

Start by logging into your iVendNext account.

2. Navigate to Promotion List View Screen:

Go to: Home > Retail > Items and Pricing > Promotions.

3. Access the Promotion Creation Screen:

Click on the "Add Promotions" button to launch the new Promotion Creation screen.

4. Enter Promotion Details:

Enter a name for the Promotion and its description. This facilitates identifying the promotion at a glance. For Example, we have entered the Promotion Name as Buy X | For a Fixed Price Promotion and the Description as Buy any women's coat for USD 50

5. Select the Promotion Type

Select the Promotion Type as: Fixed Price Promotion.

6. Mark the Promotion as Active

Put a tick in the Active checkbox to mark the Promotion as Active. Inactive Promotions are not applied on the POS terminal.

7. Configure the Buy Side

This side defines the conditions that must be met to qualify for the promotion. In case of the Buy X | for a Fixed Price Promotion, leave the Buy Side blank. See: Promotion Setup for field description

8. Specify the Fixed Price

Specify the fixed price for the Women’s Coat Item that customers will receive as part of the promotion. For example, we want to offer women's coat items for a fixed price of $50 as part of a promotion, so we would enter "$50" in this field.

9. Configure the Get Side

This side outlines the rewards that the buyer gets when they meet the conditions specified in the Buy Side. Specify the Type, Value, Description, UOM, Quantity, Discount Type and Discount Value in the Buy Item Table. See: Promotion Setup for field description

10. Set Store Applicability

This section allows you to specify the store(s) to which the promotion applies. Setting a store ensures that the promotion is applied only to that particular store and not to any other store.

11. Set Duration (Optional)

This section enables you to specify the duration for which a promotion will remain active. You can set the day along with the start time and the end time for the promotion. For Example, you can set the Buy any women's coat for USD 50 to run on Wednesdays between 10:00AM - 10:00 PM.

12. Set Customer Special Days (Optional)

This section allows you to specify special customer days, such as birthdays and anniversaries. You can set the Buy any women's coat for USD 50 Promotion run only on these specified days.

13. Define the Exclusion List (Optional)

This section allows you to specify the Item(s), the Item Group(s), and the Customer Group(s) for which the promotion will be excluded. For example, we have excluded the Non Profit Customers Group from the Buy any women's coat for USD 50 Promotion.