Overview
This article will walk you through the steps to mark up or down channel commissions in PropertyStack. By adjusting the multiplier, you can ensure that your pricing accounts for platform commissions and remains competitive.
Step-by-Step Instructions:
Log into Your PropertyStack Account: Begin by logging into your PropertyStack account and accessing your dashboard.
Navigate to Pricing Settings: Once on your dashboard, go to the Pricing Settings section. This is where you can manage your pricing strategies, including applying channel commission multipliers.
Enter the Multiplier for Commission Adjustments: In the Pricing Settings, you will find a field for entering the multiplier. Here’s how to use the multipliers:
1 = 100% (Base Price): This is your standard price.
1.1 = 110% (Base Price + 10%): This increases the base price by 10%.
1.165 = 116.5% (Base Price + 16.5%): This is the typical commission markup used for many platforms.
0.9 = 90% (Base Price - 10%): This decreases the base price by 10%.
Example Adjustments:
To increase by 10%, enter
1.1as your multiplier. For example, for a $200 base price:
$200 × 1.1 = $220To increase by 16.5%, enter
1.165as your multiplier. For example, for a $200 base price:
$200 × 1.165 = $233To decrease by 10%, enter
0.9as your multiplier. For example, for a $200 base price:
$200 × 0.9 = $180
Save and Sync Your Changes: After entering the desired multiplier, click Save & Sync to apply the changes. This will update all connected channels with the new pricing adjustments.
Confirm the Update: Once saved, your pricing will be adjusted automatically across all connected channels based on the multiplier you applied. You can check the updated pricing to ensure everything is correct.
Why It Matters:
Adjusts Pricing for Commissions: By using the correct multiplier, you can easily cover platform commissions while keeping your pricing competitive.
Maintains Profitability: Adjusting commissions automatically helps you maintain the right balance between competitiveness and profitability.
Saves Time: The multiplier system simplifies the pricing adjustments, eliminating the need for manual calculations.
Need Help?
If you encounter any issues or need further assistance, feel free to contact PropertyStack Support via your dashboard.
Conclusion: Marking up or down channel commissions in PropertyStack is a straightforward process that can be done easily through the Pricing Settings. By applying the correct multiplier, you can ensure that your pricing remains competitive and profitable, automatically adjusting for platform commissions.