Non-Usage and Usage Tiered Pricing Plan
Define the price based on tiers
Let’s understand how to define the pricing and tiers section for tiered pricing plan. This is common to both the usage and non-usage sections.
Here, the price for the product is calculated either based on volume or on an incremental basis.
CREATE PRICES AND TIERS
Select a resource – Choose the resource based on which you would like to charge the customer. New resources can be created using the +Add Another Tiering Resources button.
Unit – Choose the unit for the resource. This will define the resource.
Provide the range/tiers – Provide the various tiers for this resource. New tiers can be created using the +Create Tier button.
Price – Define the price against the particular range
Set quantity – Set the quantity for which the price is defined
You can create several tiers and prices for a particular resource. You can also add several resources for which you can create various tiers and prices. Resources can be created for all the set billing frequencies too.
REVENUE AS RESOURCE
When 'Revenue' is chosen as the resource, a secondary dropdown labeled 'Price' will appear. In this 'Price' dropdown, users can select between 'Percentage' or 'Currency.'
In case of 'Percentage':
The 'Set Quantity' field will be automatically disabled. This is because, for percentage-based pricing, the quantity is inherent in the percentage value itself.
In case of 'Currency':
The 'Set Quantity' field will be enabled. Users can input the desired quantity as they would for other resources.
ADDITIONAL PRICING
Label: Add a label or description for the additional pricing.
Price: Enter the price for all the different frequencies.
Create several Additional Pricing in this manner.
ONE-TIME PRICING
This is the one-time price charged for the product for its initial purchase and hence this charge will not recur based on the billing frequencies.
Label: Give name to the item that will charged on a one-time basis
Price: Set the price for this item
After entering these details, click on Create Plan
Now, the plan has been created using the above details.
Once this plan is created, you can add the resources and additional features to it.
ADD RESOURCE
Resource – Here, you choose and select from the different resources available in the drop-down menu.
Quantity – You can give the quantity of this resource that you want to attach to this plan here.
Unit – Choose the unit by which this resource is defined.
Click on +Add Row to add additional resources.
Click +Add New Resource to create and add a new resource that is not listed in the drop-down menu.
Click on Save to attach the new resources to this plan.
ADD FEATURES
Add all the features that you would like to attach to this plan.
Click +Add New Feature, to add a new feature
Click on Save to make sure that this feature has been added to the plan.
In case the feature of your choice is not available in the drop down, click +Add New Feature.
A flyout will appear in which you can create a new feature.
Here you can give the new feature a name and description and then save it.
This new feature will now appear in the drop-down menu and you can add it to this pricing plan.
Now you have created the pricing plan and added the necessary resources and features to it. This plan is now ready to be published.
