These Magento extensions store to set a minimum order amount is necessary for online businesses to ensure cost efficiency and revenue.
If you are starting or running an eCommerce store, especially a wholesale store, you might have heard of the term “minimum order quantity” or MOQ.
It seems like a very simple concept. But we understand that some people don’t really understand how it works and how it can help you make more money.
So in this article, we will walk you through everything about MOQ as well as introduce you to the 5 best Magento extensions store to set up some advanced minimum order amount features for your store.
Let’s go, shall we?
What is the Minimum Order Amount?
Table of Contents
First of all, let’s start with the minimum order quantity definition.
Minimum order amount refers to the minimum quantity of items a customer can order from a business.
It means if a shopper is unable to meet the order amount requirement, the buyer will not sell their products to that customer.
Why should you use the MOQ strategy? Simply put, it protects your profit margins.
The main purpose of setting a minimum and maximum order amount is to increase revenue by incentivizing customers to order in bulk.
Here are three key reasons why store owners need to implement Magento extensions store to set a minimum order amount for their websites.
Remain profitable
Sometimes, online businesses have to sell products in large quantities to make profit or make the cost of shipping worthwhile. And in those situations, MOQ is definitely a must to help you retain your profits.
Moreover, the minimum order amount can help you filter out good customers from bargain hunters. Thus you can also focus on the profitable customers who see your products’ value to purchase them in large quantities.
Increase inventory turnover
For some wholesales, distribution, and manufacturing businesses, they have to order raw materials and parts from other suppliers.
To ensure a healthy inventory turnover, those businesses have to sell their products in bulk to justify the raw material costs. If they can sell quickly enough, the products might spoil or expire and that will cost them a lot of money.
Made-to-order goods
In the Magento platform, there are a lot of made-to-order business models that produce products based on shoppers’ demands.
For this kind of business, they can only start the producing process when there is a sufficient order quantity.
Hence, a minimum order amount is needed to ensure that there is sufficient demand for products to start production.
Set Minimum Order Amount Without Using Magento Extensions Store
By default, Magento does support setting a minimum order amount. So technically, you don’t need any Magento extensions store for it.
However, the default function is so basic and limited, it still cannot solve some problems like setting a separate minimum order amount for different customer groups or for different store views.
Obviously, you have a reason to set apart different customer groups or store views. It means you need a different sales strategy for each of them.
Luckily, there are two solutions for you.
One, you can customize your native Magento. But it’s very troublesome, especially for those who have limited knowledge about coding.
And two, the better solution, you can just install Magento Minimum Order Amount extensions to implement some advanced MOQ features at ease.
So in the next part, we will introduce the top 5 Magento extensions store for the minimum order amount.
5 Best Magento Extensions Store For Minimum Order Amount
Magento Extensions Store Minimum Order Quantity (FREE)
This is a perfect (and free!) solution to surpass the limitation of the default Magento minimum order amount function.
Magento 2 Minimum Order Quantity by BSS allows you to set different minimum order amounts and maximum order amounts for different customer groups.
It also enables you to tailor and display a message to notify your customers about the min/max quantity required.
This module is still a kind of basic extension, which is explainable because it’s free. However, it’s enough to create a good minimum order quantity strategy.
Highlight features:
- Set minimum total order units per customer group
- Set maximum total order units per customer group
- Tailor message to notify the Minimum Order Quantity requirement
Minimum Quantity of Configurable Product Magento Extensions Store ($99)
As the name suggests, this extension is to set a minimum quantity requirement for configurable products in your store.
It allows the admin to easily set a minimum quantity for a specific configurable product or all configurable products. It will help save a lot of time and effort.
And this module also allows the admin to tailor a message to notify customers of the minimum quantity of configurable products.
Highlight features:
- Set the minimum quantity allowed for a specific configurable product
- Tailor messages to inform customers of the minimum quantity requirement
Magento 2 Minimum Order Amount For Customer Group ($35)
Once again, the name of it explains its function very well.
Magento 2 Minimum Order Amount For Customer Group enable store owners to set a minimum order value required for each customer group
What makes it better than the first extension in this list is that it allows you to tailor the error message for each customer group. It will help enhance the customer experience. Make the minimum order amount more enjoyable.
One more thing, this module also helps you disable the “Checkout” button when the order is under the required value and show the error message instead.
We strongly recommend this extension for wholesale sellers.
Highlight features:
- Set a minimum order value requirement per customer group
- Tailor notification message per customer group
- Disable the “Checkout” button in case of under-value orders and show an error message
Magento 2 Min/Max Order Quantity per Category ($119)
Magento 2 Min/Max Order Quantity per Category is developed to optimize the order quantity function.
By default, you can only set the minimum and maximum quantities at the product level. But in some cases, the admin would want to restrict it to particular categories. And this extension is the solution for that.
No more setting the minimum or maximum order amount for each individual product. Using this module, you can quickly and easily set the min/max order amount for a specific category and it will be applied to all products in that category.
And it is guaranteed that it will work smoothly for products that belong to multiple categories. No crash to worry about.
This is a very convenient and beneficial plug-in for your business.
Highlight features:
- Limit the range of order quantity per category
- Customize the message to inform customers of the requirement
Note that this extension doesn’t allow you to apply the rule to one customer group.
Magento 2 Min/Max Order Amount per Category for Customer Group ($129)
As long as the name is, this extension has a long list of advanced features too.
Overall, this is pretty much the same as the previous extension in the list. It allows you to set the min/max order amount for categories, not just individual products.
But this module extends a little bit more and allows you to apply the rule for customer groups.
And it also helps you save even more time by applying the rule to multiple categories at one time.
Last but definitely not least, this plug-in enables tailoring the error message for each customer group to bring out the best customer experience possible.
Highlight features:
- Limit the order amount range per category
- Apply the rule for customer group
- Add multiple categories at one time
- Tailor the error message when the order amount is not met the required amount
Conclusion
In this article, we have shown you everything you should know about the minimum order amount strategy and some of the best Magento Minimum Order Amount extensions in the market.
Those extensions can help you:
- Set minimum order amount per customer group/store view
- Set minimum order amount for configurable product
- Set minimum order amount for each category
With those 5 Magento extensions store, you can reduce your cost per unit, upfront capital amount and expenses like storage costs.
A little reminder that setting the minimum order amount isn’t enough to guarantee the profits in your store. You will need a lot more features to boost the performance of your store and boost your sales.
For full solutions to optimize every aspect of your Magento store, check out the extensions collection below:
BROWSE NOW 140+ free and premium Magento Extensions Store to extend the functionality of your online store!
We hope this blog is helpful and good luck to you!
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