There are four major pricing models on StoreApp:
- Retail Price
- Price levels/Flexible Bulk Pricing
- Price Profiles
- Wholesale/Rigid Bulk Pricing
This is the default price at which an item is sold. General System Price. This price can either be entered manually, or a percentage markup can be preset on each product, category, or department to derive the selling price. For businesses with multiple outlets, once this price is changed in one outlet, it becomes changed in other outlets as well. This default setting can be changed to allow each outlet have an individual price(s) for some or all products.
Price Levels (Flexible bulk pricing)
Allows you to give a discount on product prices when customers buy up to a certain quantity. All you need to do is to define the quantity at which you wish to give a particular discount. Whenever a customer buys up to the defined quantity and above, the discount is automatically applied. There are no limits to the number of price levels you can have on a product. Don’t worry, StoreApp ensures that you don’t sell below the prevailing cost of the product.
Example: The retail price of Pepsi is 100. If a price level is set as follows
- at 6 = 90 each
- at 12 = 85 each
Whenever a customer buys any quantity
- below 6, he/she buys at 100 each.
- From 6 to 11, he/she buys at 90 each.
- From 12 and above, he/she buys at 85.
Price levels are applied automatically at retail POS interface. Many customers have used price levels to define and sell products in packs eg packs of Paracetamol, bottled water, etc.
CLICK HERE to see how to set price levels.
Allows you to create different prices for all or some selected products. You can either set prices manually or make the system automatically calculate by:
- applying a markup on the cost price.
- applying a markup on the selling price
- applying a discount on the selling price
Note that when a price profile is activated on a particular computer, price levels will be disabled.
This feature is applicable in the following way
- Selling to different categories of customers. For example, assuming that you are a supplier, you can have a price profile for retailers who buy from you and another price profile for final consumers.
- Selling at different shops. For example, your outlet has a restaurant and a supermarket and the price of coke at the restaurant is different from the price at the supermarket. You can create a supermarket price profile and restaurant price profile.
- Promo sales such as black Fridays, festive period sales, or product promo sales. For example, say you wish to give a 10% discount on all perfumes during valentine, all you just need to do is to create a price profile for all perfumes. Any item that does not belong to that category will be sold at the normal retail price.
- To create special outlet price. you can set different selling prices for each item at different locations.
CLICK HERE to see how to create and use a price profile.
Wholesale (Rigid Bulk Pricing)
Wholesale are designed strictly for Bulk Sales. In Wholesale, certain quantities of an item are put together and sold as a whole. Wholesale are designed at different quantities also like price level. However, unlike price levels, wholesale items are sold as an inseparable pack.
For example, if 5 pieces of a product are defined as a pack under wholesale, a customer will have to buy 5 pieces to enjoy any discount defined for the pack. If he/she buys 7 pieces, 5 pieces will be sold at the wholesale price while the remaining 2 will be sold at the unit price.
Wholesale sells from a different POS interface from the retail.
CLICK HERE to see how to create and sell wholesale.