Learn to Setup Tier Price in Magento 2 to Boost Sales

A tier up pricing method is one of the easiest ways to encourage shoppers to purchase more products at a special discount. 

In this blog, we show you the exact steps to set up tier price in Magento 2.

But first, let’s understand its primary function. 

What is the Tier Price in Magento 2?

Tier price in Magento 2 refers to a robust pricing strategy that offers discounts based on the product volume. It allows merchants to set different price levels on group purchases. 

Allowing customers to buy in larger quantities. 

For example, in the image below, 3 products are priced at $36, and 6 products are priced at $34, making it easier for you to show discounted pricing on specific products. 

Using tier price comes with a bundle of other benefits, like:

✅ Improve customer loyalty as they love to discounts 

✅ Clean out excess stock for better inventory management 

✅ Analyze customers’ behavior and sales patterns to future marketing strategies 

✅ Offers auto price management settings to manage discounts effectively 

Ways to Set up Tire Price in Magento 2

There are mainly two ways to set up tier price in Magento 2: manual process or using an extension.

Let’s take a look at both of them.

Manually: 

This is the Magento default method to set tier pricing; you can manually set up the tier price with a few navigations, but you can also limit your customization option.  

The default pricing shows a list format without giving you customization options to change the layout. Additionally, it can be challenging to manage tier pricing manually when you have extensive catalogs. 

Using an extension:  

This is an easy option if you are looking to complete customization and automate various elements of your pricing. A store with many products or one just starting out can smoothly use the extension. 

It comes with a one-time cost, which is better than compromising the store’s design layout. 

Here, we will show you both methods for setting Magento 2 tier pricing, and you can decide which one to use. 

How to Set up Tier Price in Magento 2? (Manually)

Here is a step-by-step guide to set up the tier price manually in Magento 2. 

Step 1: Head to Advanced Pricing 

From your Magento 2 admin panel, navigate to Catalog > Products. Then click on the product you want to apply the advanced pricing. 

Scroll down to the Price field to find the Advanced Pricing option. 

Step 2: Add Info in the Advanced Pricing Section 

The Advanced Pricing Section has four important fields: Special Price, Special Price From, Cost, and Customer Group Price.

For creating tier price in Magento 2, we will directly jump to the Customer Group Price. 

Click on the Add button to set customization for the product you have selected. 

Here, you will have to fill in 4 fields to show them correctly on the front end. 

• Website: Select the website you want to set the tier price
• Customer: Group: Select the customer group applicable for this pricing  
• Quantity: Set the number of products that a shopper can buy  
• Price: Set the pricing

You can set the pricing in amount or discount percentage — it’s entirely your choice. 

You can click on Add and continue adding more customizations to the product. If you want to remove any, simply click the bin icon on the right-hand side. 

Finish this up by clicking on Save and you have successfully set up the tier pricing through a manual process.

The Shopper must manually enter the product quantity in the Qty field to avail of the discount. 

Set Magento 2 Tier Pricing Using an Extension

In this method, we will use the Meetanshi Magento 2 Tier Price extension to get an advanced and layout-friendly tier price option. 

There is no coding in this process; you only need to follow a few simple steps to set the tier price for Magento 2 using an extension.

• Step 1: Install and Configure the Extension
• Step 2: Configure Product-Specific Tier Prices
• Step 3: Show Tier Pricing in the Frontend

Step 1: Install and Configure the Extension

Start with downloading and installing the Meetanshi Magento 2 extension.

Then, upload the extracted file in the root directory and run these commands:

php bin/magento setup:upgrade

php bin/magento setup:di:compile

php bin/magento cache:flush

Now, head to Stores > Configuration > Tier Price > Setting and fill in the following fields: 

• Tier Price: Enable the extension from here.
• Show Tier Price in: Select the format you want to display the tier price.
• Tier Price Marketing Message:  Add a message to show along with the tier pricing 

Click Save Config and move to set the tier price for products.

Step 2: Configure Product-Specific Tier Prices

Now, head to Catalog > Products > Advanced Pricing.

Now, fill in the needed details like we added in the manual steps and complete the process. 

Step 3: Show Tier Pricing in the Frontend

Now, click Done, and your tier pricing is set on the desired product page.  

Shoppers can directly select the product from the pre-defined quantity, which will be directly reflected in the Qty field. 

Your marketing message is also displayed in a readable font so customers can quickly check out the product deal. 

Show Better Deals to Improve Your Sales

Setting up tier pricing in Magento 2 is a simple process — manually or via an extension. 

Adjust your pricing model to stay competitive and watch those conversions roll in with this effective pricing strategy.