Picture of Pricing Products with Basic, Tiered and Pricing Scripts | BG_071

Pricing Products with Basic, Tiered and Pricing Scripts | BG_071

In this video, you’ll learn about the key methods for pricing products within Infigo. It begins by explaining basic or simple pricing, which involves manually setting a fixed price for a product. The video then introduces tiered pricing, which adjusts prices based on order quantity, encouraging bulk purchases with discounts. You’ll also get an overview of pricing scripts, a flexible option for more complex pricing models that can incorporate attributes and quantities. Lastly, additional pricing capabilities such as sliding cost adjustments and customer-specific pricing are discussed, providing a comprehensive guide to managing product pricing effectively in Infigo.

Tutorial Video Transcript

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Right.

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So what I want to do next
is just talk about the primary methods

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of pricing your product.

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So primarily

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what I'm looking at here is what I call
basic or simple pricing, tiered pricing.

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And then a little bit of an introduction
to pricing scripts.

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When.
So let's start off with basic pricing.

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And I've got some

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very simple example products yet again
these.

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And again
you can access all of these products

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if you wish to do so.

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So there
we have an example of basic pricing.

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So it's the most straightforward
method of applying prices to your products

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in Infigo in this set up
you manually enter the product price

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within its product variance settings.

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So if I go here
and go to my product details,

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I'll go to my product variant.

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And these pricing bits of information
I'm just specifying on the info tab.

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And then in these options here.

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So we're looking at price old price
which is just a bit of information

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if you want to include it
of what the price used to be of course.

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And then if you want to do a temporary
special price, you can do that as well.

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And where you can specify a start
and an end date if you wish to do so,

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that will be displayed

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in that kind of format.

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Okay.

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And this is just the price per unit.

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So regardless of how many we choose,
we're not going to be able

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to change that price using this method.

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And all right
the next one we've got is tiered pricing.

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Now tiered

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pricing enables price adjustments
based on the quantity

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that you've ordered
allowing for volume based discounts.

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So this structure encourages larger orders
by reducing the price

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per unit as the quantities increase.

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So tiered price is again

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configured in the product variance
settings of your product.

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And you start that process

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by adding tier pricing records.

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And these are what you can actually see
displayed

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on the product landing page here.

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So if I go to

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the very details of this product,

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let's take a look.

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Go to my tier Prices tab

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and you'll see at the bottom here
I've got my tier price records.

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And it is simply a case
of setting up a record

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specifying the quantity,
and then specify the price.

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Now you will note,

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that the price here.

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Is initially as well.

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I think it's a unit price.

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It will show you by default,

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but you can show it as an order in total
as well, just by clicking this checkbox.

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And it will try and make it clear.

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If it is a total,
whether it's price per order.

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So you can switch that up
if you wish to do so.

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All right.

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So a few of the benefits
and what you can do with, tiered pricing.

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And there's

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a few different methods of tiered pricing
which I'll try and display in a moment.

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So quantity based discounts,
as I've mentioned,

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you can specify different prices based on
the number of units that are purchased.

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Role based pricing. You can do as well.

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So you can see here,
as I've been specifying my records,

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you can specify a customer role.

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So if you want to give different

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pricing structures to different
sets of users, you can do that as well.

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As I've mentioned, you've

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got display options for showing price
per unit and total order price.

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And you've also got some more advanced
configuration as well.

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And this is actually how it utilizes the,

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the pricing tiers
that you have specified.

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So let's start off with those.

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So what I've got here

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is my
just my normal explanation at the moment.

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And I've got a little

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and hopefully quite useful,

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little spreadsheet just to show us how
this is actually utilized.

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So we've got a few different methods
of utilizing the tier pricing

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that we specified. We've got normal.

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And that basically means that whichever

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bracket of quantity we're sitting in

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that dictates
the price per unit of the entire

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order that we're putting
through the entire order line.

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So for the sake of this example
here, we've got three tiers.

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We've got

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between 1 and

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99 is 5 pounds per unit, 100 to 9 nine

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nine is 4 pounds per unit and 1000
plus is 3 pounds per unit.

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So what it means is if we've got anything

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less than 100, the price is going to be
5 pounds per unit.

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If we've got anything less than

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a thousand

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and more than 100,
it's going to be 4 pounds per unit

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for the entire thing.

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We also have the ability to use

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that as quantity based pricing.

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So what that means is that rather
than giving people the ability to specify

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like 36 units,

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you can leave it to just the quantities
that you've specified,

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and that will instead
give people a dropdown

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list of available things
they can choose at an available price.

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It's just how much flexibility
you want to give people.

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We also
have the ability to spread the price

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amongst all pricing tiers and.

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Now what that one does

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is basically means
that we're using the same tiers.

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If we're looking from 1 to 99, it's
going to be 5 pounds per unit.

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But then any

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any quantity of items above that
that fall into the next bracket,

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those items will be at the reduced price.

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So hopefully that little description
there gets in a bit more detail.

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So it's going to be mixed.

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It's not just going to be
every unit is the same price.

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And the last option we that we have

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there is interpolated
price based on tiers.

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And just to be nice and quick about that,
based on the time we've got,

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what that essentially is doing
is we've got our data points

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and then it's just putting a line
between them, and that's

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just giving us a an ability to sort of

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select a unit

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quantity that we want
and then get a total order price back.

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So it's just interpolating it
based on the data points that we've input.

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This is a very simple representation.

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There is an equation available
in the help documentation

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which actually shows you in more detail
how this is calculated.

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And. Right.

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So the last major pricing

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method that we have
available is pricing scripts.

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So they're one of the more powerful tools

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for customizing product
pricing within Infigo.

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So these scripts allow you to define
pricing rules

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based on things like attributes,
which again we'll cover later

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quantities that you've input
and a combination of all the factors.

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They offer a flexible solution
for more complex pricing models

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than can be handled with basic pricing
or tiered pricing on their own.

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Infigo
do provide something called the Generic

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Pricing script, which covers the vast
majority of use cases.

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Although custom scripts can be created
for specific business needs.

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If you have the knowledge or our,

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professional services
team can can write those scripts as well.

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So how the pricing script actually works.

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So that's and I'm focusing here
on the sort of generic pricing script

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it is drawing information
from a CSV that you've provided.

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So just from a, a database of prices.

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So what we've got in my example

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here is the ability to select
between a few different options.

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And you'll see that's updating the price.

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And then it's also in my case
linked to the quantity as well.

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So again based on the quantity I select
that will change the price as well.

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And this is the
price per unit. In this case.

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And this is just

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as I say, dragging information from a CSV
that we've previously provided

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to the product to for it to reference.

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I've provided the CSV
this in the background here

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to be downloaded as a sample.

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If you want to reference

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And you can see there
the simplicity of what we've provided.

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So I've got the attribute title.

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So the options that we're allowing
the users to have

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and I've got various different quantities.

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And then all we've got
is the associated price.

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And this is just one example
of how we could tailor

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this pricing script,

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how those pricing scripts are loaded.

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And again this is a very brief overview.

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We do have much more detailed resources
available.

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So if I go to the.

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Product variance

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settings of that product again
we're we're looking at pricing.

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And all we're making sure

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is that we have this attach
a pricing script selected.

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And in most of your cases
where you haven't got custom scripts,

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you will just have the ability
to select the generic pricing script.

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And then that has some additional
configuration available with it.

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And this additional configuration

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is pointing to things
like which CSV you want to use.

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Whether you want to include things
like quantity or tier pricing

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and all the things you can include in it, 
in this little sample

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script configuration at the bottom, we've
got some documentation on it as well.

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So although it looks kind of confusing

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if especially
if you're not used to scripting,

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it is quite a straightforward process
of including this

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and then the actual CSV files themselves.

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You're not uploading them here,
you just referencing them.

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Those are loaded in an area
called Global Additional Data.

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And again, if you've
not got access to this area for whatever

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reason, support can give you a hand
and you just uploading the CSV files there

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and then referencing them
on the relevant product

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and. And okay.

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And just for the sake of completeness,

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there are a few other
pricing capabilities as well,

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which I'm not going to be covering
in a huge amount of detail here.

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I'm going to show you an example.

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So other pricing, so things

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like sliding cost adjustments,

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so allowing you

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to change the pricing
based on various factors.

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So this might be for example,
if you do have actually set up with

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different materials, weights, dimensions
or whatever it might be,

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you can have it so that there's changes
in the pricing as a result.

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So we have kind of upward
or downward of the pricing.

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You can have

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customer specific pricing
as we've kind of touched on earlier on.

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So you can put in different pricing models
for different customer roles.

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For example, you can disable the ability
to purchase a product.

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And if you wish to do so,
so eliminates the pricing.

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And then you've got other things

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such as delivery price
alterations as well.

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So if you want to add,
on a particular product to add

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a bit of an additional cost
for delivery of that product, you can do

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so on a per product basis,
rather than having to specify everywhere.

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And those are just a few examples
of some additional pricing capabilities.

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Although the basic tiered
and pricing script are probably

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the primary ways doing so.

 

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Search Terms

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costing, pricing structure, charges, expenses, rates, fees, tariffs, discounts, valuation, payments

Alternate Search Phrases

set product cost, modify price tiers, adjust price per unit, configure discounts, establish pricing rules, volume-based pricing, define pricing scripts, apply custom rates, set product rates, change product fees