Is it possible to sell coupons for the magento store, itself?
I would like to sell say a product that is for a bulk item of, say, 10 widget credits, this would in turn generate a coupon code that is good for up to 100 widget products.
For example, if the widget costs $10 ea.
But, if the customer buys a widget 10-pack product for $90, it generates a coupon that can be used for the widget 10 times. This gives him a discount of $1 per widget. Perhaps the coupon is pre-generated or generated on the fly.
The reasoning behind this is that we would like to encourage the customer to pay bulk prices up front, but he may not need all the products right away. In this way, it’s like he is buying credits. He can use the credits for the particular widgets when he needs.
Ideally, as soon as the bulk pack is purchased, the coupon is automatically applied the the customer’s shopping cart in the future.
This is one way we thought we might handle this kind of thing. Is there another suggested way of doing it?
Thanks so much.