Why the need for Products?

Products enables you to setup pre-defined products, packages, and services your company is selling to make the invoicing process 10X faster for your salesreps.

So, whether you're an agency selling web design services, a coach selling a coaching offer, or a software company selling a saas subscription. Every company usually has a common product they're selling to their users.

In this Doc, we'll run you through setting up products in Cosmicly.

Here's why it's a game changer.

1. Consistency: Ensure everyone's selling at the right price.

2. Efficiency: Speed up the invoicing process for your sales team.

3. Flexibility: Offer various pricing options without the hassle.

4. Analytics: Track which products are selling best.

In short, Product Settings turn your sales process into a well-oiled machine.

How It Works

Here's the lowdown on how Product Settings work in Cosmicly:

1. You define your products or services.

2. You set up pricing options for each product (you can setup as many prices for a product as you want).

3. Salesreps select from these pre-defined options when invoicing.

   1. Salesreps can even create custom-pricing at the point of sale, when invoicing a customer. This makes sure you have both efficiency, and flexibility built into your sales process to make closing deals easy, fast, and highly customizable.

4. Cosmicly handles the rest.

It's like setting up a menu for your sales team - they know exactly what's on offer and at what price.

Setting Up Products

Let's get your product catalog up and running:

1. Log into your Cosmicly account.

2. Go to Settings > Products.

3. Click "Add New Product".

4. Fill in the details:

   • Product Name

   • Description

5. Click "Save Product".

Repeat this process for all your offerings. Remember, these can be physical products, services, or packages.

Pro Tip: Use clear, descriptive names for your products. Your sales team will thank you!

Setting Up Prices

Now, let's add some prices to your products:

1. In the Products section, click on the product you want to price.

2. Click "Add New Price".

3. Choose the pricing type:

   • One-Time Payment

   • Subscription

   • Payment Plan

4. Fill in the details:

   • For One-Time: Enter the price.

   • For Subscription: Enter the price and billing frequency (e.g., $99/month).

   • For Payment Plan: Enter the total price and number of installments.

5. (Optional) Add a name for this pricing option (e.g., "Annual Plan", "Starter Package").

6. Click "Save Price".

You can add multiple pricing options for each product. This gives your sales team flexibility to offer what works best for each client.

Using Custom Pricing During Invoicing

Sometimes, you need to deviate from the script. Here's how salesreps can use custom pricing:

1. When creating an invoice, select the product as usual.

2. Instead of choosing a pre-set price, click "One-Time Price".

3. Enter the custom price and any specific terms.

4. Proceed with the invoice as normal.

Remember, the product itself still needs to be pre-defined, even if the price is custom.

Best Practices

To make the most of Product Settings in Cosmicly, keep these tips in mind:

1. Regular Reviews: Revisit your product list and pricing regularly to keep it up to date.

2. Logical Naming: Use a consistent naming convention for your products and pricing options.

3. Train Your Team: Ensure your sales team understands all the products and pricing options available.

What's Next?

With your products and pricing set up, your sales team is ready to start invoicing like pros! Head over to the Invoicing section to see how smooth the process has become.

Remember, your product catalog is a living thing. Don't be afraid to adjust and expand it as your business grows and evolves.