Overview

"Buy X for Fixed Price" promotions allow retailers to offer specific products at a predetermined price, regardless of their original value. These promotions are particularly effective for clearing inventory, driving foot traffic, and creating urgency among customers.

In this guide, we'll cover: ✔ What "Buy X for Fixed Price" promotions are and when to use them
✔ Step-by-step configuration in iVendNext
✔ Real-world examples and optimization tips

What Is a "Buy X for Fixed Price" Promotion?

This promotion type lets you sell items at a set price point, overriding their regular pricing. Unlike percentage discounts, it provides absolute price certainty to customers.

Key Benefits

• Creates perceived value ("Any coat for just $50!")

• Simplifies marketing messaging (easy-to-understand offers)

• Helps move slow-selling or seasonal inventory

Common Use Cases

• Seasonal sales (e.g., "All winter coats for $50")

• Clearance events (e.g., "Any t-shirt for $10")

• Membership perks (e.g., "VIP members: Any bag for $99")

How Does It Work in iVendNext?

When a customer purchases an eligible item, the system automatically applies the fixed price at checkout.

Example Scenario

Promotion: "Buy any Women's Coat for $50"

• Original Price: $180

• Promo Price: $50

• Customer Savings: $130 (72% discount)

Step-by-Step Setup Guide

1. Navigate to Promotions

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

2. Click "Add Promotions"

Select "Fixed Price Promotion" as the type.

3. Enter Promotion Details

• Name: "Any Coat for $50 - Summer Sale"

• Description: "All women's coats at flat $50"

• Active: ✔ Enable

4. Set Fixed Price

• In the Fixed Price field, enter the promotional price (e.g., $50)

• This will override the original price for eligible items

5. Configure Item Eligibility

• Under Get Side, specify which items qualify:

• Can apply to specific items (e.g., WC-1001)

• Or entire item groups (e.g., "Women's Outerwear")

6. Set Applicability Rules (Optional)

• Stores: Limit to specific locations

• Duration: Set start/end dates (e.g., "July 1-31")

• Customer Groups: Restrict to VIP/members if needed

7. Save & Test

• Scan an eligible item at POS to verify the fixed price applies

Best Practices for Fixed Price Promotions

✅ Choose High-Margin Items

• Avoid applying to products with slim margins where the fixed price might cause losses

✅ Create Urgency

• Use time limits ("48-hour flash sale") to drive immediate action

✅ Combine with Other Promotions

• Pair with "Spend X, Get Y" for larger basket sizes
  (e.g., "Buy coat for $50, spend $100+ get free scarf")

✅ Monitor Inventory Closely

• Popular fixed-price deals may sell out faster than expected

Common Issues & Solutions

❌ Promotion Not Applying?

• Verify the item is included in promotion settings

• Check that the promotion is active and within date range

❌ Wrong Price Showing?

• Confirm no conflicting promotions are active

• Ensure the fixed price is set in the correct currency

❌ Too Many Redemptions?

• Set limits via "Maximum Redemption Count" in settings

Real-World Success Example

A boutique ran:
Promotion: "Any Dress for $79" (originally $120-$250)
Results:

• 300% increase in dress sales

• 40% of customers added complementary items

• Cleared seasonal inventory in 2 weeks

Conclusion

Fixed price promotions are a straightforward yet powerful tool to boost sales and inventory turnover. By following this guide, you can effectively implement these promotions in iVendNext to create compelling customer offers.