Again, play with customer value perception. You sign off and take the box inside to be greeted by a beautiful product bundle. The customer will see direct value and a reason to buy the bundle. When done right, your customers will be happy because they're getting a deal, and your business will see: This new product fills in a need to resolve a problem brought about by the drastic changes caused by the COVID-19 pandemic. In this post, we’ll go through definition, best examples, and best practices for setting up Shopify product bundles to increase average order value in 09 steps. Alright, so now you know the way to successful online sales of product bundles.Â, It’s not so simple as just throwing a random group of products together, but it’s certainly not rocket science either.Â, So, the final question is, how do you create product bundles that can be easily sold on all your sales channels?Â, In a way that makes your unified product lines simple to understand and buy for all your customers.Â. The Nike Kobe 8 is the eighth signature sneaker for Kobe Bryant produced by Nike. PickyStory (best Shopify product bundles app) PickyStory is one of the top apps to create Shopify … Your backend’s product inventory management should be able to handle the demanding process of product bundling. Furthermore, bundled products greatly affect your shoppers’ subconscious judgment. You can also let users choose the exact quantity of each product. This resulted in $336k+ increase in revenue. It is made up of an innovative textile, the Nike Engineered Mesh, that created a dynamic and ultra-lightweight fit that is 90 percent mesh for 360 degrees of breathability and tightly woven for strength and flexibility to bend naturally with the foot. You can classify a bundle just like how you do it in any other product. For example, we will choose the ‘Court Bundle Template‘ we just created. A bundle sale is usually an online sale where you can get a “bundle” of products for one low price for a set period of time. Merging your items into a single SKU means you can manage and visualize your stock much easier.Â, Even more importantly though, it means that you could be doing the marketing of multiple products in one fell swoop.Â, So, rather than campaigning to sell ten different makeup products, you can sell them as a single beauty package. It’s like he knows what wonder lies inside your post today.Â. And in product bundles, customers perceive that they will save if they purchase a bundled item at a cheaper price instead of buying them as individual products. Bold Bundles ‑ Product Bundles by Bold. This is a nice example of a Black Friday product bundle that offers customers a useful assortment of products for a reasonable price. Build urgency Today, we’ll take a look at how product bundling works, what product bundle types can help you win more customers, and get the, Again, it’s all about leveraging on the customer’s. Bold bundles - Product bundles by BOLD is a brilliant app … For example, if your company is into creating digital products, you might want to develop a new app that has never been seen on the market based on existing ones. Examples of product bundles would be a fixed-price meal at a restaurant or a beach kit that includes sunscreen, sand toys, flip flops and towels as one saleable item. While you can fix the exact products in your bundle, you have two options for controlling the quantity of those products: You can fix the quantity of each individual product in the bundle. While this seems like a straightforward concept, there’s an entire psychology to the practice. Their mission is to provide the best and innovative products in cosmetics to women and men around the world. Best plugin to create a 'Frequently Bought Together' so far, I tried some other plugins before and none of those have the option to apply the bundle to multiple products at one time like this plugin, and I like how my bundle looks in the product page, too. Build urgency To take advantage of this, every time shoppers add pillows in their carts, they’re presented with a cross-sell offer of pillow protectors. Tips for Packaged Bundles. Here are some of the best tips when creating your product bundles: For your online store to benefit from product bundling successfully, you need to carefully consider a lot of factors such customer demands, profit margin, inventory levels, and supply chain management. There are two types of packaged bundles: Mixed Bun… For example, they could add two of one product, three of another, etc. But we’ll get to that in more detail later. The specialty tea retailer realized that their low-margin products (tea accessories) were moving quicker than their high-margin ones (specialty teas). Product bundling can also provide a valuable service to your customers. It has its own distinctions such as IDs, descriptions, and other attributes. This way you’re adding more value to your upsell offer. a mixed bundling approach that allows the consumer to purchase one or more elements of the bundle). This is widely used by online stores to take advantage of the limited period of time. Cable companies offer their channels in bundle … 1. One bundle could be the phone plus earbuds. Upselling is a marketing technique where you offer a similar product that’s either an upgraded version or a more expensive one in lieu of the selected item. This type of bundling is sometimes used by monopoly industries and favored because it limits the choices available to the consumer, thus, there’s a higher chance of a faster conversion. The Value of Product Bundling. The use of. Now, there are plenty of strategies you can use to make sure your bundle offer pays off.  And we’ll get to five of the best soon enough. Product bundles are typically sold at a discount in order to raise the perceived value of buying multiple products at one time. This way your inventory is synced automatically and you won’t even have to make manual adjustments.Â, But the point of Katana is not only to create product bundles.Â, On-demand access to your manufacturing costs;       Â, Manufacturing inventory management and material inventory;       Â, Production scheduling software functionality;        Â, Floor-level control for manufacturing;      Â, Integration with Shopify, Woocommerce and other e-commerce channels;        Â, Efficient material purchasing plans;       Â, The opportunity to ditch inefficient excel spreadsheets forever; and       Â, A way to keep your entire business workflow on a single dashboard.Â, This way you stop spending your days on spreadsheets and you can start focusing on your modern manufacturing business, instead.Â, That means you can spend a bit of extra time on creating some awesome product bundles to keep your customers coming back for more.Â, revenues decreased 20 percent when buying a bundle was the customer’s sole option, 35% of all Amazon purchases come from recommendations. This also leaves your shoppers feeling like they’ve bought several products at a bargain. Bundle pricing. Shoppers must feel that the bundle is worth it. Microsoft Office is sold as a bundle of computer software, including Word, Excel, and PowerPoint. They offer the phone itself with a package that also includes the 2-year phone plan, internet access, and phone charger. This type of product bundling is ideal for online stores with fast-moving consumer products such as perishable products and also recommended for items that can be bought in large quantities such as shirts, toiletries, and dining sets. For example, no customer would order a bundle consisting of a toaster and a guitar! This type of product bundling is ideal for products with accessories or parts such as smartphones and earphones. This explains why marketers should from the very first moment of new product developmentlook at products from the viewpoint of customers to understand which benefits must be th… Analyze your customer’s buying behaviors. In the simplest sense, a product bundle is a grouping of individual products that can be sold separately but are sold together. The tech giant created a market that customers didn’t even know they wanted or needed. Any scenario that requires you to group products, regardless of purpose, to represent them by a single merchandise can be considered a bundle. Ready to Go! The stronger product will bring shoppers closer to the weaker ones and hopefully get them into a new audience or noticed by a new market. Create. But guess what? … The tool DOWNLITE using is Boost Sales | Smart upsell & cross-sell app. All kinds of products are sold in bundles. Practical Tips on How to Put Product Bundles. And what’s the point of having them?Â, Well, to put it simply, product bundling involves combining several products into a package with a reduced price.Â, It’s a way for customers to see your products in a different light and hopefully, spend more in the process. Â, Product bundle examples could include basic packages, holiday sets, subscriptions boxes, product samples, and even giveaways.Â, To find more bundle ideas check out our blog on inventory kitting (another word for product bundle).Â, Otherwise, let’s jump into the benefits of bundling.Â, As you can imagine the first benefit to bundles is the potential for a greater average order value. To take advantage of this, every time shoppers add pillows in their carts, they’re presented with a cross-sell offer of pillow protectors. Test, test, test. Almost every market or every industry has product bundle offerings. For example, telecommunication companies often bundle phone and internet. Prices in US dollars. Here are the different types of product bundles that you can steal away: Pure bundling takes place when the individual products that make up the bundle are only made available when purchased as a bundle. If one item from a bundle runs out, then the whole product bundle will be messed up. For instance, DOWNLITE figured out that there’s a positive correlation between the orders of pillows and pillow protectors. Choose the product items that you can afford to put together as a bundle. Unsure our templates are right for you? You open and the postman greets you with an ever-knowing smile. When putting together product bundles, the most important rule is always that the combination of products makes sense. One-time use or purchase products are usually more expensive and slow-moving consumer products. [Main Product title] + “Bundle with” + [Bundle Component Product title(s)] EXAMPLES "Kodak EasyShare C143 12MP Digital Camera Bundle with Rechargeable Batteries & Carrying Case – Blue" If the bundle includes many items, list the primary and secondary items in the title, along with the total number of items in the bundle. This is best recommended for one-time use products (e.g. At its core, product bundling is a pricing tactic where merchants group multiple products together and sell them as a package deal to create a new price point. The gaming brand bundled the two products … For example, Buy 4 toys for $20. Upselling is a marketing technique where you offer a similar product … The outcome of this bundling generated a $45k+ boost in sales. There are tons of ways you can bundle your products, depending on what you want to achieve. Plus, most of the time, shoppers look for inspirations when they are about to give gifts to their loved ones, friends, and acquaintances. When it comes to marketing strategies for product pricing, one major trend in ecommerce is product bundling. Product bundling is a practice used by manufacturers from all kinds of industries. An example of a product bundle would be a beach kit that includes sunscreen, sand toys, flip flops and towels as one item. You can use a lot of the same tools in eCommerce. – You want to be profitable with your bundled offerings. Sell Items Separately. Some of the best product advertising slogans for food and toy companies relate directly to their intended audience. Product bundling involves offering a group of products together at a single discounted price. Another could be the phone plus a case. The full package comprises 90+ numbered documents. For example, ekoWorx entices shoppers to a product upgrade with upsell products and bundle. For example, certain items can be bundled by a holiday season such as Valentine’s Day. Product bundling strategies & best practices. Bundle pricing, otherwise known as product bundling, is when a business sells multiple products for a lower rate than customers would face if they purchased each item individually. Examples of bundle pricing range in magnitude from everyday items to large purchases: The purchase of a “combo meal” at a fast-food restaurant, usually providing an entree, a side and a drink for one single set price. We have presented you with different ways to assess whether or not you are capable of offering product bundles. The description may consist this information too. Upsell Bundles. Apple, for example, is a product-focused company. For example, Shaklee created a new bundle of their best-selling item and free samples of their newly launched products. Say you sell smartphones. Even a music CD is essentially a bundle of songs. But when offered as a pure bundle, available only as a package deal, revenue dropped by 20%. Simple enough, right? You can also take advantage of basic human needs such as selling ‘Travel Kit Essentials’ as a bundled product. Here are the three most common ways to do it: To introduce customers to new and relevant products. ), while numbering the actual items in your bundle from page 1. Closely related to upsell strategy, cross-selling shares the same principle. Choose your Template. Nike Kobe 8 Product Ad Category : Footwear Product Ad Example. Examples of product bundles would be a fixed-price meal at a restaurant or a beach kit that includes sunscreen, sand toys, flip flops and towels as one saleable item. The customer will see direct value and a reason to buy the bundle. A bundle discount or any combo offer is where you provide your customers with combo deals or an offer that contains a set of products in a bundle. Say you sell smartphones. For example, mobile phone retailers frequently bundle the prices of several products and services together for their new customers. This poses a challenge for many online stores to explore more about product bundles to their advantage. Just put yourself in the customer’s shoes and think about which products you are most likely to buy at the same time.Â, So, if you are selling your handmade backpacks online, then you might want to make bundles that also include extra straps and locks.Â, Customers are much more likely to buy items which complement each other, and that also includes accessories and spare parts.Â, Regardless of what bundles you create, make sure to always sell your products separately as well.Â, Nintendo learned that the hard way as their revenues decreased 20 percent when buying a bundle was the customer’s sole option to purchase a product. Â, For them, it meant a decrease in millions of units of sales, and though this might seem like an extreme case, there’s a good reason why it’s universally applicable.Â, After all, customers often buy bundles because they believe they are getting a discount as opposed to getting each item separately.Â, There’s no way they can make the comparison unless you offer them the individual products as well.Â, Upselling using e-commerce recommendations is a brilliant way to sell your product bundles.Â, The numbers say that 35% of all Amazon purchases come from recommendations, many of which are bundles.Â, The same can be done with other e-commerce platforms such as Shopify product bundles and Woocommerce product bundles. For example, create multiple packages based on one core product. : hair straighteners) meaning a customer won’t likely return to your store to buy that similar item. These are the top rated real world PHP examples of WC_Product_Bundle::get_bundled_items extracted from open source projects. A bundle on Amazon is considered a unique listing, making it a bit easier to win the Buy Box. Its products disrupted the world of telecom and contributed to the so-called fourth industrial revolution. The difference, however, is that cross-selling uses complementary or supplementary items related to the main product being viewed by the shopper as add-on offers. Amazon does a great job at bundling related products and can offer you many examples. Be mindful of options when creating clothing or similar bundles — make sure customers can select their size, color, etc. For example, no customer would order a bundle consisting of a toaster and a guitar! The researchers found that consumers might actually value the bundle less than they would value the individual component products, that is there was a "negative synergy" associated with the bundle. For Trix Cereal, the fruit-flavored and fruit-shaped cereal, its intended audience is kids, so it states it directly in its slogan, as well as its commercials as the rabbit mascot is always foiled in his attempts at getting a bowl. You’ll see them as a dozen donuts, a bundle of soda cans or a six pack of beer. Contents of a court bundle. We define different product bundles which contain different numbers of simple products: sometimes a minimum total number of simple products is specified for the bundle, sometimes a maximum number, sometimes both a minimum and a maximum number. A good example of this could be Microsoft combining Access and … Categorization of Benefits. You might find these kinds of bundles not faring so well. This will ensure that your front end will run smoothly without error such as out-of-stock items. The outcome of this bundling generated a, Boost Sales | Smart upsell & cross-sell app, You can also use the free product or special discount to encourage customers to add more items to their carts or to hit a minimum order price. This opens a new product bundle record with the same information as the original product bundle record, except for Name and Product ID. Your success largely depends on using the best themes and apps which support this feature.Â, But you can also recommend bundles in your banners and social media. Â, Just remind customers how much they are saving with these bundles, and ideally what benefit buying the products all at once gives them.Â, Your initial instinct might well be to pair expensive and inexpensive products together. But you could bundle them together in a set and allow customers to purchase them together at … But, when it comes to the design of the actual mix, it’s not enough to simply mix your items up and hope for the best. Classical examples are a McDonald’s meal, which usually includes the inseparable mix of fries, a coke, and a hamburger, and Microsoft Office, offering a set of features with most customers using a small fraction, but paying for all of them. Online stores won’t just have to worry about understanding their customer’s needs and wants, but they also must ensure their profitability, inventory, and overall supply chain management. In above image, “Best deal..” as a heading is a nice way to promote the discounts and attract customers. Each simple product within the bundle has … You can rate examples to help us improve the quality of examples. A typical offer could be get over $1k worth of business books for $97! When customers purchase more products at once, the average order value also goes up. Microsoft Office is sold as a bundle of computer software, including Word, Excel, and PowerPoint. The Psychology of Bundling For example, Care Beauty offers a bundled travel kit of beauty products. The two can easily be confused but they are not the same. – Keep track of your bundled product’s performance. Katana lets you create product bundles, which you can track and manage without the need for additional spreadsheets.Â, The way it works is that you can create a product which is made of other products and unified into a single SKU.Â, Your bundle’s components will then be tracked automatically in real-time so that you know that your products are always available for customers. Â, Katana lets you know if a bundle is available through “Product availability”, and whether you have enough materials for more of them with the “Material availability”.Â, If either of them is running short then the block turns red, and if you are good to go then they stay green. Designing an effective product bundle will increase your sales volume and an average order value. for each product in the bundle. See if there’s a positive correlation between product purchases. Product bundles become especially popular during the holidays, but it’s a tactic that retailers can use year-round to generate sales. Well, the solution here comes in the form of Katana Smart Manufacturing Software. Gift set bundling works because customers want the best gifts. Let’s look at this widely examined study from Harvard Business School. The best approach is to put yourself in your customer’s shoes and ask what problem will your bundle solve. Some retailers only sell certain inventory items as part of a product bundle rather than offering them as either individual or bundled items. When you group relevant items together, you can make the shopping experience more seamless for your customers. Set up the recipe and then once the orders are rolling in you will immediately know how production is coming along with a color-coded chart. You should use the 'bundle' word and write how many there are items in your bundle in the product title.  Â. That’s because people are encouraged to spend and order more products when being offered a bundle discount. The principle is that buying products in bundles are going to save the customer money. And eCommerce is no exception. can be overwhelming and daunting. Generally speaking, most customers will be more inclined to purchase something if they see value in it. And that’s what we’re here for. Product bundling is not only a promotional strategy but it’s also a good opportunity for you to clear unwanted stock off your inventory. A “multibenefit” bundle offers customers an increasing number of add-on features or benefits. Create a product bundle (Sales) Make sure that you have the Manager, Vice President, CEO-Business Manager, System Administrator, or System Customizer security role or equivalent permissions. HyperLaw is an intelligent case preparation and presentation software for legal professionals, enabling you to build a fully structured digital case file with full access to cutting-edge tag and annotation tools, enterprise search, document assembly and of course our very own bundle builder. A great example is Jrink’s ‘Build a 6-Pack’ bundle promo which allows shoppers to choose a variety of bottled juices into the set. 12+ Best Shopify Product Bundles Apps from hundreds of the Product Bundles reviews in the market (Shopify Apps Store, Shopify Apps) as derived from Avada Commerce Ranking which is using Avada Commerce scores, rating reviews, search results, social metrics. As a general rule, customers favor products that they find valuable or worth it to buy. A study by Harvard Business School found when video game units and games were offered as a mixed bundle, sales soared. Product bundling focuses on packaging items with the goal of offering shoppers an all-in-one solution. Again, it’s all about leveraging on the customer’s perception of savings, value, and convenience — that’s why product bundles work effectively. A handcrafted box and pretty packaging can go a long way in making your bundles an exciting purchase. If you decide that product bundling is right for you, then choose from our complete list of product bundle types for your online store and start putting together your success. While product bundling is a fairly popular concept for online stores, as a sales and marketing strategy, it is weakly understood. The concept of product as a bundle of benefits is a theory which seeks to explain a product from the viewpoint of a consumer. Strategies for selling bundles. You can also use the free product or special discount to encourage customers to add more items to their carts or to hit a minimum order price. These bundles will allow customers to choose similar products in multiples. Bundle products together and give good discounts. (So is a concert a bundle, too?) They are responsible for paginating it, which means that they will have to try their best to agree the contents with any other parties. A “peace-of-mind” bundle offers the best of breed in both the product and the service. All visually laid out for the maker’s eye. Â, Then the bundles can be sold through each of your sales channels, including through direct integration with platforms such as Shopify and Woocommerce. Today, we’ll take a look at how product bundling works, what product bundle types can help you win more customers, and get the best tips and practices on how to implement them effectively. This product bundle type is commonly used by online stores to take advantage of the popularity of well-received merchandise and bring some exposure to other products. So, when shoppers are busy looking for the perfect gifts, present them with irresistible gift set bundles. Include in your product bundles overstock inventory whenever possible. Katana allows you to view your product bundle creating process from start to finish. Telecom service providers pair cable television with internet service, grocery stores match laundry and bath items, fast food restaurants put together burger, fries, and drink into value meals — the practice of product bundling is universal. Bundled products will help you increase your average order value, boost your sales and sell your less popular products. And eCommerce is no exception. It works best when these items are all within the same category. On the surface this might sound salesy/schemey, but when put together properly it’s one of the best examples of a win/win/win scenario I’ve seen online. Before we get to that though, let’s investigate why you should practice product bundling in the first place. Â, So, what are bundles? The company used the Boost Sales app to display upsell product recommendations. Stitch is an agile operations management tool for brands seeking increased visibility and control of their processes. 2. Download a free sample of our SQF Template Bundle here. Typical upselling strategies stop by just offering the upsell product, however, you can also maximize this scenario by swapping your upsell product into an upsell bundle? A computer monitor sold with a keyboard, on the other hand, is a good example of bundling because it sells two complementary products together that could be sold as fully functional products on their own. All-inclusive vacations are another example; you get hotel, flight, car, and food plan all for one price. Put together several different types of products that cover the same topic. However, the cost savings don’t have to be huge, but they must be noticeable. The right kind of bundles involve products that fit well together and make inherent sense to the buyer. Create your Bundle. Take a cue from research which shows mixed bundles have a higher rate of success. A multipack is a package of several of the same product (5 white crewneck t-shirts, for example) or versions of a product with the same SKU (5 crewneck t-shirts in 5 … That usually translates into longer pages, more social proof, a bunch of badges, and tons of testimonials. For instance, Saratoga has a 15% off BOGO offer to all shoppers with over $50 order. Pure bundling might work in some scenarios where one of the products is very successful and the other is either a new product or a less popular offering, but definitely, one which adds to the overall value offered by the bundle. Now comes the plain old excitement of going through the box and unwrapping each product one at a time. Â, The truth is that we all love buying bundles of products. Having too much or slow-moving inventory is two of the things that online merchants should avoid. You can also tick the checkbox to tell the Bundle-Maker to 'Paginate the contents pages separately' in Roman numerals (i, ii, iii, etc. Typically done during the holidays because shoppers are busy looking for the perfect gifts, present them with gift... Well thought out Kobe Bryant produced by Nike a great strategy for businesses that are to... ) were moving quicker than their high-margin ones ( specialty teas ) is eighth! Similar item tea did from start to finish 's offerings could be the best.... To build your bundle could be get over $ 50 order retailers bundle..., there ’ s an entire psychology to the practice validation rules for combining a certain set of and. The same analyzing the sales of your current products individual price also let users choose exact... Approach is to put yourself in your bundle solve works because customers want best. Other products t likely return to your upsell offer to choose similar products in cosmetics women..., buy 4 toys for $ 20 or similar bundles — make sure customers can choose any combination products! Customers separately and pretty packaging can go great with a package that also includes the 2-year phone plan internet. Specific problems a bit easier to win more customers to choose similar products in multiples will ensure your! The 'bundle ' Word and write how many there are items in your customer ’ s at! And innovative products in cosmetics to women and men around the world of telecom and contributed to practice! Together product bundles by Bold is a nice way to promote the discounts and attract customers for online... By 20 % which begins with analyzing the sales of your ebooks, or six video.! ’ ll have an increase in customer ’ s a positive correlation between the orders of pillows and protectors! Like they ’ ve bought several products at once, the average order value, individual product will. Exactly to create and manage bundles that are able to offer courtesy products | Smart upsell cross-sell. Savings don ’ t even know they wanted or needed manage bundles that are sold together promote the and. Why that’s the case the number of tv channels or benefits, beware that there s. Your less popular products of soda cans or a six pack of beer a hardback version units games. Shoppers to a product bundle offerings numbering the actual items in your product bundle creating process from start look... Different countries of examples by Bold impressions, awareness, and phone charger product! Albums are a bundle of songs this is best recommended for one-time use or products! Allowable items steer clear of huge price discounts, consider incorporating a really enticing free product with a that! Channels but customers can select their size, color, etc eCommerce is product is! Rule is always that the more items they can give as a bundle consisting of a product from viewpoint! Takes advantage of this bundling generated a $ 45k+ boost in sales feature bullet may consist the! A variety of bundled packages with a good margin 1k worth of business books for $ 20 and how... As albums are a bundle on amazon is considered a unique listing, making it a easier... Plan, internet access, and other options, three of another, etc great with a package fairly concept. Bundled product error such as out-of-stock items one major trend in eCommerce of time! Offer the phone itself with a different number of tv channels study examined a tactic that retailers use! – Keep track of your bundled product katana Smart Manufacturing software way making! All post-click landing pages, more social proof, a bundle just like how you do in! Making your bundles can all have a critical effect on how well your bundles to. The T-We tea did service to your store at best product bundle examples individual price put yourself in your customer ’ impressions... Product recommendations the company used the, app to display upsell product recommendations a nice way to promote discounts. Average order value also goes up be the best 10 seminars from your membership site, four of your easy... Holiday season such as IDs, descriptions, best product bundle examples other options real world which! The goal of offering shoppers with over $ 1k worth of business books for $ 20 games were offered a... Descriptions, and there are two types of products makes sense of not... Great strategy for businesses that are able to offer courtesy products a 15 % off BOGO to. Them even more appealing to people in different countries items they can give as a bundle of software. That customers didn ’ t choose the ‘ Advanced ‘ section and select a Template to for... 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