Retail Pricing - No Wholesale Price Column Visible
under review
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Gabrielle Larocque
Marketplace > Products > Product Info > Product Setting > Retail Price
When editing each product's retail price, there's no column that shows the wholesale pricing. This means we need to calculate profit margins individually for each product, their add-ons, and their tiers manually while having another tab open with the products to see wholesale pricing. It's a lot to manage, lots of clicking around for no reason. We should be able to adjust pricing with a percentage column that stay consistent even if you end up hiking prices so we, as partners, never become unprofitable when changes are made.
Ex. Wholesale 270$ Profit Margin 10% (which would be attached to an ever changing value if wholesale pricing goes up or down) Retail Automatically generates at 297$ with an additional column that would allow us to do a one off pricing strategy. Edit 1 time value = I can put 700$ if I want to depending on my client.
This should be applicable as one button across all products just to ensure break even.
Also there is no current update on how much products should cost/packages should cost (proposed retail prices), as they are not up to date since you have implemented more costly solutions within most products.
Overall platform is working okay but this aspect could be better!
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K
Kayla Zieske
marked this post as
under review
K
Kayla Zieske
Hello Gabrielle!
Thank for you for the feedback!
Being able to easily see profitability is super important and while we have introduced some additional elements and help in our ordering system and package management system, I certainly agree there is a gap when setting in the default retail pricing on each product.
Profit calculations and ease of pricing is something that may fall inline with broader planned work in our last half of the year. In the meantime I will review with the team to see if there are any 'quick wins' that we can add to the retailing pricing process :)
Thanks again!
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Gabrielle Larocque
Kayla Zieske Thanks Kayla! :)
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Gabrielle Larocque
Also, we should be able to allocate total market place profit margins (%) across different industries. If we are managing 200+ clients in each industry, and let's say you manage 15 industries at varying price points, you should be able to set a profit standard for each audience as a partner.
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Gabrielle Larocque
For example, if you manage 15 landing pages with services across different industries, and let's say one page is strictly for TikTok UGC Paid Advertising or Chatbot AI with setup, you'll want to set your fees drastically different across your audiences and to add varying services should be automatically profitable.
In this case, it would actually also be good to be able to duplicate entire audience profiles for micro pricing strategies. Maybe I just don't have access to that but this would be a huge time saver.