Online shopping allows for bargaining. Although you might not be thinking about it, customers can now raise a price for their beloved items online.

Kobe Digital wants to share a unique tool that allows customers to get better prices. Request for Quote Magento 2 is based on a conversation between shoppers and merchants via their quote cart.

Why customers prefer flexible pricing

“Price” is the price charged for a product/service ( Marketing Insider). In other words, price is the sum total of all the value that a customer has to get the benefit of using or having a product. There are two facts you may not know about the price, one of which is the 4Ps in the marketing mix.

The marketing mix is dominated by price. Product, place and promotion are all considered to be the cost of a business. The price is another flexible marketing element. It can be changed instantly to adapt to the changing conditions.

You can’t deny that price plays a significant role in customer behavior towards your products and services. Many shoppers cannot afford to buy their favorite items because of high prices.

This insight is why online stores can now help customers to raise their quotes individually through the request for Quote extension. It was specially designed for Magento 2 stores.

Below, we will explore the benefits of this extension for online businesses. It helps them retain customers and drives more sales.

Magento 2 Stores: How does the Request for Quote tool benefit them?

Personalization can be improved for customers

What is personalization? Personalization is simply the ability to listen to and fulfill individual customer’s needs. Personalization is an important topic in marketing today. can help you provide personalized services to your customers.

The module allows for personalization. Customers can create a quote cart where they can set a new price per item. It is then sent to Magento admins. This allows stores to understand their customers’ budgets and preferences and negotiate the best price for them.

Reduce cart abandonment, less price pressure

Customers will not abandon their shopping cart because the price displayed on websites can be negotiated. Customers will instead contact Magento stores via a quote basket in the hopes of getting their favorite items.

Customers often leave stores due to the high price of their products. With Request for Quote, customers can feel more confident and less stressed about price because they can quickly and easily make a deal with the store to get a better price.

Attract wholesalers

A Request for Quote is a great way to attract large customers and wholesalers that buy a lot of products per order. Because they generate a lot of revenue for Magento stores, wholesalers will often offer them a lower price and maintain good relationships. Offering wholesalers the ability to negotiate with stores about product prices will increase sales and revenue for ecommerce businesses.

Amazing functions of Request for Quote extension

Easily negotiate product price in quote cart

Because there is an “Add To Quote” button beside each item, customers can add any item to their quote cart immediately. Administrators can easily modify the item’s original price to what they want and then submit the quote cart for stores.

This is the main function of Request for Quote, which allows store owners to keep customers coming back for more negotiation at a flexible rate.

Convert current shopping cart into quote cart

How can customers transfer all their items from the current shopping cart to the quote cart? This is an extremely common scenario in real life, right?

Shoppers can easily convert their shopping cart to a quote cart using the Request for Quote extension. With just a few clicks, shoppers can convert one, several, or the entire shopping cart into a quote basket. This convenient function allows shoppers to make a deal on their existing cart and not have to create a new quote cart. This makes shopping much easier and more enjoyable for them.

Send a request for a quote from any location

How do customers add a product for quoting right on the category place? They can then compare and select their favorite one. They can with the Request for Quote module. The extension also supports other positions where customers can add products to quote like product pages or shopping cart pages.

Request a quote for bulk orders using SKUs

How can customers quickly create a quote cart if they want to purchase large quantities of your products? Request for Quote extension allows you to add products to your quote cart by SKUs. This makes it much easier for large customers and wholesalers.

The module allows customers to manually enter unlimited product SKUs. All the products that match the list will be instantly added to your cart after you submit it. This will allow you to serve customers who want large quantities of products in your shops.

Accept/ Disapprove/ Edit a quote request

Administrators can approve or deny requests for quotes from customers via the store’s backend. They can edit the price and leave a message for customers. Then, wait for their replies.

If they don’t want the problem solved, request senders can delete or cancel their quote request. The same applies to shoppers. They can edit the original price and send it to the administrator for review. This allows two people to get to know one another and helps them reach an agreement without any pending.

The Request for Quote module offers full functionality

For store owners

General configurations

• The module can be turned on/off

• Choose icon for quote request

• Select the appropriate category to submit a quote request

• Choose which customer groups are eligible to request quotes

• Allow customers to attach files to their quotes

• Redirect to the Shopping Cart Page, or Checkout Page if you add to your cart

Configurations for expiration

• The maximum number of days the quote can be valid from the date approved

• To remind customers about the expiration of their quote, enter the day number

Configure your email

• Customers can set the sender for email

• Set the time for admin to send an email report

• Email notification when customers submit, edit, approve, cancel or cancel a quote

• Notification email to customers when they have received an approved quote request.

• Email customers to notify them when approved quotes expire

• Choose email templates for different types

Grid management

• View information about quote requests: status, customer, customer groups, store view, total, expired date

• Backend allows you to submit a request for a quote

• Add customers & products to the quote

• Modify, approve, cancel, or reply to a request for a quotation

Customers

• Request a quote instantly with your preferred price

• Always discuss the quote request with the stores

• Receive real-time updates on any changes to their quote requests

• Get a discount on products

• Shopping on your sites is a great experience

Last words

Magento 2 request for quote module lets customers easily request a quotation for one, several or the entire shopping cart. Customers can add the items they want to the quote cart along with their desired prices. Store owners have the option to approve, cancel, talk with customers, and modify their quotes after viewing the request. The module allows both parties to come up with a price agreement. This reduces cart abandonment due to price reasons and increases purchases.