Overview

In this tutorial, we'll explore advanced pricing rules, which allow you to create different pricing rules based on the cost range of your products. For example, you might apply a fixed markup value to lower-cost items and a multiplier markup value to higher-cost items.

Note: Using advanced global pricing rules is optional. This feature is provided to help you streamline pricing, but you are not required to use it. For insights on leveraging this feature, check out Leveraging the Power of Global Pricing Rules at My Easy Monogram.

Instructional Video

Accessing Global Pricing Rules

From the My Easy Monogram dashboard, click on the settings button in the bottom left of your screen.
Click on the Global Pricing Rules tab at the top center of your screen.
With the Global Pricing Rules tab selected, toggle the switch next to "Advanced Pricing Rules" to reveal the advanced pricing rules section.

Setting Pricing Ranges and Markups

Select Pricing Structure: Choose either markup by multiplier or markup by fixed value based on the cost of your product.
Define Pricing Ranges: Set your pricing range (e.g., $0.00 to $9.99). Ensure the price and compare price ranges are the same and differ by $0.01 to avoid system errors.
Set Markup Values:
- For the lower range, use a fixed value. For example, add a fixed value of $5.00 to the price and $10.00 to the compare price.
- This will show customers an immediate savings of $5.00 from the compare price.

Adding More Pricing Rules

Click the "Add Rule" button at the bottom right of the advanced pricing rules section.
Configure the new rule for another price range (e.g., $10.00 to $29.99).
For this range, use a multiplier markup type. For instance, set a price markup multiplier to 1.75 and a compare price markup multiplier to 2.25.
- If an item costs $10.00, the price to the customer will be $17.50, and the compare price will be $22.50, showing a savings of $5.00.

Important Reminder:

Ensure the 'Markup' and 'Compare at Markup' fields are filled out correctly before clicking 'Save' to activate the advanced pricing rules. Do not leave these fields blank or enter "0".
Check values carefully to avoid pricing discrepancies.

Example Values:

Markup for a range: $5.00
Compare at Markup for a range: $10.00
Multiplier Markup: 1.75
Compare Price Markup Multiplier: 2.25

What Happens if Price is out of Range?

If a product's price does not fall within any of your defined advanced pricing rules, the system will revert to the global pricing settings for calculations.