In this article we explain the logic behind Selling Plans. Here is a very easy example we've built so that you can understand how they work:
Lease-to-own:
I have X product and I want to give my customers the possibility to subscribe to it.
The selling price of X product in my store is of $100.
I want my customers to have the option to subscribe to it for periods of time of 1, 3, 6 and 12 months.
This would be the Minimum Temporality.
I decide the percentage (%) I want to charge per period of time.
This would be the Period Price (%) Per Temporality.
I live in Spain, so my taxes would be 21%
I want to charge my clients every month of the subscription.
To configure a period of time, take into account how it's done:
Selling Price × Period Price (%) Per Temporality = Subscription price per month.
Subscription price per month × Minimum Temporality = Price for the period of time you've chosen.
Based on this, the Period Price (%) Per Temporality = Subscription price per month/Selling Price
For example:
For this particular case, If I wanted to charge $7 a month for a period of time of 12 months, the Period Price (%) Per Temporality would be a 7%.
This is how it'll be calculated for a period of 12 months:
$100 × 7% = $7
$7 × 12 meses = $84
🚨 For each time period, you will have to enter the information you had previously decided in the Selling Plan configuration section in Sharpei.
It will be calculated automatically in Sharpei!
This information will be set up in a table format when creating or editing a Selling Plan in Admin Panel:
