Price Models

Create price models for different offerings.

Price models allow you to create a basic pricing strategy. With the price models, you can create multiple pricing arrangements and use them across all of your offerings. You can arrange the prices for basic products, tiers or different volumes.

Creating a price model

1. To start creating a price model, go to Management Dashboard -> Pricing -> Price Model and choose the Add new price model button.

2. Enter the name for your new price model. You can also add a description to help you out in managing the models later on.

Only the Name is mandatory for a price model creation. You can decide to edit other details later. You can also set up a custom price model ID in the Id field. Otherwise, a unique ID is automatically generated when the model is created.

1. Set up the rules that you want your price model to be based on:

• Model - choose the model type that you want to use for your pricing

  • BASIC - for price per unit that stays the same regardless of other factors

  • VOLUME - when you want the price to be changed based on the number of products that is ordered

  • TIERED - for a complex pricing strategy where multiple products are sold within particular price ranges, depending on the quantity of products specified for a price range

• Unit of measurement - choose the unit to be used for measuring the product amount and on which you want to base the pricing

• Quantity of unit measurement - set up the unit amount

• Price - choose between NET and GROSS values

• Tick default if you want to have the new price model as the standard one

1. Save your configuration.

You new price model is added to the price models lists. You can filter for your models using the names, types or units.

Linking a price model with a product

When your price model is ready, you can use it for any product that you have in your database.

1. To assign the pricing model to a product, go to Products, create a new product or choose to edit an existing one.

2. Go to the Prices tab.

3. Add the price model to your product. You can add multiple pricing models and remove them from the product at any time.

4. Additionally, you can define a discount associated with the product, choose the Discount Type:

• percent - percentage that you want to lower the price by

• amount - the exact amount that you want to lower the price by