Are you planning to launch your new products? Or, want your customers to order those products that are now out of stock? Well, we understand pre-order and back-order can be two ways for you to maximize your revenue while, on the other hand, converting visitors into customers.
In case your question is what pre-order and backorder is, this article will give you an overview of all these along with how as an eCommerce retailer you can benefit from Magento 2 Pre Order extension.
What Is Referred As Pre-Order
Pre-order is when the customer places an order with the retailer for an item before it is released and is not in stock.
After the order is placed, the item is shipped to the retailer for the customer. The option allows the customer to place an order before an item is available in the market.
What Is Back Order?
When a customer places an order for an item not available in the merchant’s inventory is typically a back order.
With back order, the customer can place the order and receive the item once the retailer restocks the inventory.
eCommerce retailers now can use out-of-stock notification Magento 2 features to notify the customer about the back-order and assess the health of the business by analyzing the back orders per total order.
So, what is the difference between Magento pre-order and the back-order in eCommerce?
It is easy to confuse between the two, but in the case of pre-order, the customer is ordering a product that is not yet available in the market and wants to buy it as soon as it’s in the market. Back-order is where the process is placing an order for an item that is available in the market but not in the retailer’s warehouse and is being notified about it.
Benefits of Pre Order Extension for Magento 2
When you use Magento 2 pre-order extensions, you can avail quite a few benefits for your eCommerce business:
- The pre-ordering guarantees a specific number of sales during a time, hence guaranteed revenue.
- A pre-order gives you the data to analyze the market among the target audience, and you can better understand the customers’ needs and demands.
- It is the absolute marketing strategy to create a buzz for a product before it is released. It also helps your online store to gain popularity.
- With pre-ordered items as a retailer, you do not have to worry about unsold stocks.
Features Of Magento 2 Pre-Order Extension
Magento 2 pre-order extension comes with quite a few features.
With it, the admin can customize and announce products out of stock, newly announced, so they are not available for purchase immediately. With Pre-order for Magento 2, the retailer can avail the following features:
Allow customers to pre-order:
Enable pre-ordering of upcoming products or out-of-stock items.
Easy management of store:
Enhanced and effective store order management system
Personalize notes for pre-ordered products:
Customized notes for pre-orders products can be displayed on the product page and the details page, along with in the shopping cart.
Analyze your customers’ needs:
Get in-depth analytics for the understanding of the customer’s requirements
Customers can book upcoming orders in advance when you add the ‘pre-order’ icon
Suitable for numerous products :
The extension can be used for various products, i.e., configurable, bundled, grouped, or simple products.
MageAnts Magento 2 Pre-Order offers a customer to build a better business with all these and more features.
Also read:- How To Create Pre-Order Product In Magento 2 Programmatically?
It’s all About Magento 2 Pre Order!
It’s time you start using the Magento 2 pre-order extension to reap the benefits.
Take help from a Magento 2 developer who can install the extension. If you want to add the store pre-order extension and need some assistance, MageAnts is here to help.
