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Pricing 101 - What You Need to Understand About Prices in Simplero

Now that you've got your product or course up and running in Simplero, it's time to set the price! It's easy to create both purchase prices and subscription prices in Simplero. Think of purchase prices as a mortgage (you own it at the end) and subscription prices like rent (you only get to stay there as long as you're making payments).

Purchase prices can be paid-in-full, or they can be a series of payments made over time. Subscription prices are typically charged at a pre-determined interval, whether it's monthly, yearly, or some other subscription schedule. 

To Create Prices

  1. Select Sales from your Simplero Dashboard.
  2. Choose Products from the dropdown menu and select a product from your list.
  3. Select the Prices tab.
  4. In the List Prices, a Simple price will show. This is the price you entered when creating the product. You can edit this price.
  5. To add a new price or payment plan that will appear on your order form, select the white "Add a list price" button on the left-hand side. 


  6. You'll be directed to the price creation screen. 
  7. Complete each of the following fields:
    • Name - This will be shown next to the price on the order form. For example, "Early Bird" or "Payment Plan."
    • Internal Name - This will only appear on the back end to help you remember what the price is for.
    • Type of Price - For example, "Purchase" or "Subscription."  The type can't be changed after you've created the price.
      •  Purchase - gives customers lifetime access to the product once they have paid the full cost of the product. (If they default on a payment plan, their access will be canceled until they pay.) 
        • Amount - How much the person will pay upon purchase. This can be a paid in full amount or a deposit on a payment plan. 
        • Number of Instalments - This is used for payment plans. Type the number of payments you want customers to make. Once you've inputted a number of 1 or more, hit enter, and more boxes will pop up for you to set up your payment plan.
          With installments, your order form will tell customers the total amount they are paying over how many payments. When customers select it, they will be given a payment schedule. 
          • Select the payment amount for each payment after the initial purchase.
          • Select the period of time between payments.
      • Subscription - gives customers access for a limited period for each payment they make. 
        • Amount - How much the person will pay upon purchase.
        • Length of Access - How long that payment will give them access to the product. 
        • Trial - If you want to give customers a trial period, fill in how long the trial period is.
        • Subscription Settings - This is where you can set renewal options. If you want customers to commit to a specific amount of time, such as a 1-year commitment, you can do that in subscription settings too. You can learn more about subscription settings in this guide.
    • Access - Will this price be visible to everyone who sees your order form (list price) or only to those who have the link to a secret price or know the coupon code? 
    • Limit Availability - This feature lets you set the number of seats available at this price.
    • Minimum quantity - Set the minimum quantity per purchase to qualify for this price.
    • Payment options - The default "Unrestricted" allows all your enabled payment processors to be available to your purchaser. Learn more about payment processor options here. 
    • Triggers - Save first, then you can add triggers. In this location, triggers let you do things like add tags, give access to content, or add people to lists depending on which price they purchase at. 
    • Enable - Keep this box checked to make this price available for qualifying purchases from the get-go.
  8. Select the blue Create price button to save.


You can duplicate a price by clicking on the Duplicate icon in the price summary or by editing the price and choosing the red "duplicate price" button in the upper right corner.  This is handy if you just want to make a small change to a price. 


There are so many more guides about prices! Check 'em out if you've got something more customized that you want to offer. 

 

Last updated 21 Oct 2020.
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