On your WordPress Ecommerce website, you can dynamically increase or decrease product pricing by a set timeframe to entice more buyers.
For example, You may set a 7% automatic decrease in the price of any product and make it work for a set interval of time to attract buyers and make them busy on your website. This way they would also spend more time on your website waiting for the lowest price that they are willing to pay.
How To Make It Work On Your Website?
Simply log in to your WordPress Ecommerce website and install-activate this new WooCommerce plugin called Drop / Raise Price for WooCommerce.
Now visit Products -> Add New page or open any old product for editing.
In the Product Data tab, you will see the General tab having new inputs fields for Price decrement, Minimal price, Drop price every ‘n’ minutes, Counter checkbox and Drop Price Timeframe, as shown in the above-given screenshot.
Enter your values then update or publish your product. That’s it.