How Do I Price My Products?

What is a price?

A price is the amount of money you charge for your product or service. When you create a product, you must add pricing information.

Prices are attributed a frequency. You can price your product or service by selecting one of the following:

• One time

• Recurring plan

What price frequency should I choose?

Your price frequency depends on the type of product you create.

• If you create a stand-alone product, choose one time.

• If you have a product or service that requires a subscription model, choose a recurring plan.

By choosing a recurring plan, you can set the price and the billing period in which your customer gets charged.

You can choose from the following:

• Weekly

• Biweekly

• Monthly

• Annually

If you sell the same product at different subscription intervals, we recommend creating multiple recurring prices for the same product.

Because a product can have multiple prices associated with it, you’ll need to select which price to use when creating checkout links, invoices, or subscriptions if you want to sell a specific product price to the customer.

You must always select at least one price when creating a product

How do I select my pricing model?

Pricing models reflect your business revenue model. Zūm Rails offers 2 pricing models:

• Standard pricing: This means you charge the same price for each unit every time

• Package pricing: This means you charge by package (group of units)

Package pricing is automatically rounded up. This means, for example, if you charge $15.00 CAD for every 5 units purchased, a customer who purchases 8 units will pay $30.00 CAD.