Set up magento minimum order amount for your store

So, today, we will take you through the guide about MOQ and share the best ways to set up the minimum amount for your Magento 2 store products effortlessly. You will understand how it works and boost your eCommerce sales for the Magento website. First, Let’s start with the definition

What is the Minimum Order Amount?

This simple concept allows store merchants to specify the minimum ‌order. It also refers to setting up the minimum quantity for the customers that can purchase from a business. It works best for the wholesale business, where the shopper needs to meet the order amount requirement. Otherwise, the buyer or store owner will not sell any order to the customer.

But, why should you be worried about the MOQ?

Simply, it allows online Magento stores to avoid the customers that take a stroll around and place the product with a low amount. The main goal of setting a minimum and maximum order amount is to increase revenue by enticing customers to order in bulk.

Reasons to Set up the MOQ for Magento 2 Store

• Maintain Store’s Profitability

  Some Online Stores want to sell products in large quantities to maintain the profit margin. It can cover the cost of shipping to the address. Here, MOQ can be definite situations to filter the customers from bargain ones. It will help you ‌focus on the good customers who know the real value of your products and purchase them in bulk.

• Improve Inventory Turnover

  It is the primary reason why distribution and manufacturing businesses ask for bulk orders. Because they have to deal with the raw materials suppliers and businesses. Magento 2 Minimum Quantity helps to maintain a healthy inventory for the stores. Selling the products in bulk can avoid them getting spoiled or expiring, which costs a lot of money for maintenance.

• Made-to-order Products

  Many Ecommerce businesses use the Magento platform with the made-to-order business model. It is useful when a business produces the goods on customer demands. So, they can only start the production when the customer orders the product in a large quantity. The Made-to-Order strategy ensures a sufficient order quantity from the customers, which further saves cost and effort.

Simple Ways to Set Minimum Order Amount in Magento 2

• Sign in to the Admin Panel of the Magento Store.
• Go to the Stores> Settings> Configuration.
• In the configuration, navigate to the Sales > Sales.
• Try to expand the Minimum Order Amount and change the value.
• Enable the minimum order amount by setting it to yes.
• Enter the amount to allow for the amount to be processed further.
• After completing the process, Save Config.

Benefits of Magento 2 MOQ Extensions

Magento 2 Platform supports the setting up of an order quantity with ease. However, it is limited to certain features. So, if you need to set MOQ for different customer groups or store views, there is a need for a different strategy to boost sales. Installing the Magento2 Minimum Product Quantity Extensions with some advanced features offers the following benefits:

• It allows the admin to fix up a minimum order value of the product for the customer group.
• Admin can add and delete customer groups as well.
• It allows customizing a message notifying the customer to meet the minimum order amount to check out.
• Admin can enable and disable the extension.
• You can display a custom notification message to the guest customers who didn’t log in to the store.
• Allow the admin panel to prevent them from checking out unless they met the condition.

Summing up!