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Setting Up Prices

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Hi, and welcome to this lesson where we're going to take a look at how you can set up your prices in supplier. So I've created a product in here called my online course. And right now, I've just set up a very simple price that gives lifetime access for 500 dollars. But maybe I want to have multiple prices, price options for this product and that's what I'm going to show in this video. So first of all, notice that in the left side here, you can see that there are 3 different categories.
We have list prices, List prices will as it will be available for anybody who visit the order form. Secret prices will only be available if you have the URL, you have the link for the secret price. In coupon code prices, you have to know the coupon code, you can then insert it on the order form and get typically, you would get a discount by using a coupon code. And let's say that for this price. I have the lifetime max for 500 dollars, but I also want people to have the option to pay in installments.
I could add this as a list price if I wanted to be available for everybody, and I think I will in this case. So let's add a list price. Then we can call this pay in 6 installments. I can copy this and use it for the this is the internal name. This is what people will see on the order form.
And notice that there a 3 different type of prices in here as well. You have the purchase where the access will be forever. Still, you can use installments, but it just means that when they've they have then paid all those installments, it's theirs forever, whereas subscription is sort of like Netflix or something else where you have access as long as you're paying. Credits is a little bit next level. Cloud will not going to be relevant to most of you, so we're gonna skip that for now.
And focus on this purchase thing. So for this, I want them to pay in 6 installments, and let's say that I want each installment to be 100 US dollars. This is what I want to charge and purchase, and then I want to add 5 additional installments also for 100 US dollars. And in this case, I want 1 month to pass between each installment, but you could also say 1 day, 1 week, or 2 weeks or a year. But let's say 1 month, that's, I guess, what most people are looking to do.
Access. Again, here we can change it if we want to if we actually wanted to set it up as a coupon code. And down here, we can replace another price. This is not so relevant right now, but I will show it a little bit later. What I wanted to say is that once you've set up this price, onshree have created the price.
You can't change it from purchase to subscription or the other way around. So just make sure that you chose the right here purchase a subscription, and then you can create the price. And let's see what this looks like on the order form. So if I go to the order form and I type in my info here, You can see that right now, I have 2 2 price options available. I have this 1 for 500 US dollars or I can pay in 6 installments and it says 6 payments of US dollars.
By the way, I can also give this first price name. So if I go back, that's the simple price in here. I can go and edit this in Maybe I can just call it 1 charge. Right here. Save changes.
And then if I refresh this page, you can see that it's now has this name, 1 charge of paying 6 installments. Okay. So that's most of what you need to know from this price. We could just set up a subscription price so you can see what it looks like. So maybe you wanna have this available that people can instead of buying you and have access wherever they can have access as long as they're paying.
So let's say that people can subscribe instead and the subscription will be 150 US dollars per month. And then you have some options down here. Again, I will say that this gives access for 1 month and that there will be no free trial, but you put that in here in case you wanted them to have 14 days free or something like that. Okay. Let's create this price.
And once you've created a subscription price or any price where you get some more options. So if I click on this subscription right now, maybe I could call it subscription on the order form as well. We could see that we have now the option to make this way more complicated. If we want to, we can add different periods. So we could say, okay, you should pay 150 US dollars for 1 month.
You're gonna do this 6 times. And then once you've done that, I want to add another period where it only cost 50 dollars a month, and this should be this gives access for 1 month. And this should be repeated until they canceled. Another thing that's good to know these subscription prices is whether there is a commitment for this subscription. So if we scroll down, we can set a minimum commitment.
This is relevant when you choose subscription prices. So we can say that, okay, they should subscribe for at least 3 months. And then they can only cancel after this time has passed. So let's say save changes and go visit the order form again so we can see what it looks like. Now we can see the way I've set it up.
They will pay 150 US dollars per month for the first 6 months, then they will pay 50 US dollars and there is a 3 month commitment and it renews automatically. Okay. Let's move on to the secret prices and the coupon code prices. Often you would use this to offer some sort of discount, but you could also use it if you have a customer that you want to offer a special installment plan. At a secret price, Let's just say special price in here.
Really what I wanna show, and let's say that this time, it's instead of 500, it's 400 dollars. So they get a discount with this option. Then what we can do down here in advanced settings is that we can replace this price with another price. So we can say that this price should show instead of the 1 charged price. Let me just show you what this looks like.
Create price. Now we can grab this link. So instead of going to the order form in here, we want to grab this link and we can send that to our customers. And when they have the URL, they will be able to access this special price. And you can now see what I meant with replacing the other price.
We can see that 500 US dollars are overwritten, and it's 400 dollars instead. For the coupon code price, works pretty much the same if you're at a coupon code price. Let's say discount here. Discount. Again, I wanted to be a purchase.
Let's say make this even cheaper, only 300 dollars. And this is coupon code. You can change this or you can generate new code in here and replace this price. It should replace the 1 charge price for 500 dollars. Create this price.
And down here, you can either set people this coupon code, and they will be able to insert it on the order form. Or you can actually link directly to the order form where the discount code has already been applied. And we can see now that the coupon code has already been applied and it now shows 300 US dollars instead of the original 500 US dollars. And that's all you need to know for prices. You can play around a little bit, but it's really useful to know these tools that you can make both purchase and subscription based product, and you can make them available for anybody by making them as list prices or you can choose to add them as either secret link or coupon code prices.

Simplero offers a lot of power and flexibility when setting up prices. You can also check out our written guides to learn about purchases and subscription prices, see how to set up secret prices and coupon codes, or how to create a campaign and offer discount pricing.

You can also check out the details on how to create a trial period or offer multiple-seat pricing.

Previous Lesson Creating and Configuring a Product Next Lesson Configuring the Order Form and Sales Page

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