| Customising your Retail Prices |
You can easily customise your retail prices from the pricing manager system, this can be accessed from the White Label Control Panel.
Your retail prices are the amount you will charge your customer and can be calculated using several methods. The basis to setting your retail price for each component of the HIP will depend on the trade price (The amount HIP Manager charges you) and knowing these values you can accurately work out the profit margin on each HIP sold.
The Pricing Manager Control Panel
Here is a screenshot of the Pricing Manager Control panel:
1. You can enable or disable certain components using the checkboxes here. A disabled component will not be displayed to the end user. If a statutory part of the HIP is disabled such as the EPC then you can add your own version from the Custom Item manager.
2. Here is a full list of the products and services available for your end user customer to order.
3. The trade value is the amount you pay HIP Manager for the item.
4. This enables you to select the price factoring method. It is essentially a simple formula to calculate the retail price from the trade price. This could be either a fixed or percentage add on or a fixed total amount.
5. Enter here the value referenced by the price factoring method (4).
6. This is the retail price which is calculated on the values entered for the factoring method and the adjacent value. This price will be displayed to your end user customer.
7. The typical HIP cost summarises the trade amount, retail amount and profit margin.
Pricing Formulas in Detail
Click here for information on the fixed markup method
Click here for information on the fixed percentage method
Click here for information on the fixed total method
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