What is it?
Partner Center admins now have a new way to construct packages. Package Constructor features additional insights into their profit margins and costs to find the perfect price point for their packages.
Why is it important?
The price you put in front of customers and prospects can make or break a sale. Too high, and they won't entertain the products or services you are offering. Too low, and your profit margins will underwhelm.
With Package Constructor, you have an in-depth way to see how much you'll make by selling a package–right down to the cent. This enables you to make informed decisions when selling, resulting in happier customers and a healthier business model.
How does it work?
You can access Package Constructor directly from Partner Center > Marketplace > Manage Store > Create Package. Here, you'll see a banner that enables you to access the new Package Constructor by clicking Try Now.
Package Constructor can now be used. To start, we recommend adding all of the products and line items you will be using at the bottom of the table.
Selected products will be added to the table. Beside each, the Retail prices will be set. These match the wholesale cost (what you are charged as a partner) by default. These values can be manually overwritten, affecting each corresponding section of the table.
For example, if you were to set Customer Voice's retail price in the below image from $13.00 monthly to $16.00 monthly, you would see the Gross Margin change from 0% to 2.07% monthly. The Package Revenue, First Year's Profit, Total Revenue and Total Profit fields would also adjust to take the new price into consideration.
If you wish to edit the quantity of each product, you can do so by toggling Show Advanced. You can also select Show Costs should you wish to see how much each product is costing you as a partner regardless of what you've set the Retail fields to.
Once you're satisfied with your package, you can select Save as Package. Fill out the New Package form, and you're ready to go. If you wish to share the potential package, you can use the Get Shareable URL option.
Who gets it?