The Pricing Wizard is the same in both the Main Pricing Menu and from the
Mouldings Pricing Menu.
When you click on the P)riceWiz in the Main Pricing Section or select a "0" as a Category in the Mouldings section, the Pricing Wizard Appears. It asks just three simple questions.
1. How much was the cost of the item or service. This
is input as either a lineal metre or for a quarter of a square metre (say
glass). This cost is used in two ways by Frameit. The first is to
give a basis on what you want to charge your customer for the finished
product. The second is to provide Frameit with an actual cost so it
provide you with the actual cost of doing a framing job, without any
profit. Very handy if you are quoting for large jobs. This is
covered more in True Price
Calculator.
So for this exercise let's say
that we paid $5 for a metre of moulding. The next question asked is what
do you want to multiply this cost by to return to you the amount you wish to
sell it for. In other words, if the moulding cost you this $5 for a metre
and you turn it into a frame being 250mm x 250mm (don't worry about wastage as
Frameit can compensate here for wide frames), you might say you want $15 for the
frame. This is three times the cost of the moulding.
So this is the figure that you need to put into frameit. You want to
multiply your cost price by "3" to get to your sale price.
The final question is how
much do you want for a frame that is four times the size. So if we have a
moulding that cost $5 and we have already multiply this by three for a frame of
250mm x 250mm, we might say we want three times as much again for one four times
the size. That means we want $45 for a finished frame that is 1000 x
1000mm. So just enter "3" again for a frame four times the
size.
Now if you look on the right hand side of your screen you will see
"Example of Frame Price". This will show you five different
sizes and the prices that the Wizard has worked out. Notice that against
the size 250 x 250mm we have original $15 (Cost price of $5 multiplied by
three). Also notice against the size 1000 x 1000mm we have our $45 (there
are some odd cents as the Wizard creates our pricing curve) which is three times
the cost of the smaller frame 250 x 250mm. The other sizes are just to
give you an indication of what a frame of 500 x 500, 750 x 750 and 1250 x 1250
will be. Frameit actually works everything out to the mm. This can
been seen better by doing a G)raph (available from Main Pricing Area only).
If you are happy with this new price, select Accept Prices.
You will probably use the same figures to set up most of your prices. Take a cost price and multiply it by the same amount to get to your final sell prices. If you do this you create better consistency between your different items, especially Mouldings.