Set Up Multiple Plans for a Product
The following is a business case example of setting up multiple billing plans for a product in the shopping cart.
Shieldware, Inc. sells anti-virus software for personal use. In order An agreement between a seller and a buyer to exchange goods and/or services for money. An order can: - contain multiple products and quantities; - have multiple financial transactions. A preorder authorization is considered an order. to achieve a higher Average Order Value (AOV Average Order Value, AOV in short, consists of the average value of all items within any given order. AOV is calculated as the net revenue divided by the number of orders paid and not reimbursed.), they decide to sell their product Internet Security with three different plans:
- 1-year subscription priced at $119.56
- 2-year subscription priced at $215.20
- 3-year subscription priced at $286.94
The longer running subscriptions come with a discount, the longer, the cheaper. Customers can then decide which option is best suitable for them.
To achieve this use case, use our Plan Selection feature in Subscription Commerce Manager, our web admin tool.
The Plan Selection is a pick list that helps your customers select the most advantageous subscription offer, which helps decrease the risk of churn significantly as customers receive the best value for their purchase An order made by a customer and the records associated with it..
Example
In the following cart, the customer An individual or business purchasing your product or service by placing an order through Cleverbridge. The customer is the end user of this product, as they are not allowed to resell the purchased products or services. A customer is unique per client. If a customer purchases products or services from two different clients, there are 2 separate records of said customer. selects a 3-year subscription with the highest discounted price instead of the pricier 1-year and discounted 2-year subscription.
Add a Plan Selection
To add a plan selection to your shopping cart, do the following:
- Open the Products > Selections section in the main menu of the Subscription Commerce Manager.
- Click the Add Plan Selection button and complete the relevant information in the following sections:
- To choose an existing characteristic, click Select Duration Characteristic.
- To create a new one, click Add New.
- Use available templates.
- Click Save & Close.
General
Name
Enter a unique name for the plan selection.
Plan Characteristics Selector
Select up to three different billing options for one subscription product. Three options are available to you, each described in detail in the dropdowns below:
General Setup
Internal Characteristic Name
Enter a unique name for the characteristic.
Plan Selection Header
Enter a header for the plan selection.
Options
Plan Option Header
Select an existing header or add a new one for the billing options and click Submit.