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The different ways of pricing products
The different ways of pricing products

Learn how to optimize different methods for pricing products in Booqable.

Ramón van den Borg avatar
Written by Ramón van den Borg
Updated over a week ago

With global pricing enabled, you can price your products and services in a variety of ways.

Setting up product pricing

  1. View the product for which you want to configure pricing.

  2. Click the Pricing tab.

  3. Toggle "Charge for this product" to enable or disable product pricing.

Choosing a pricing methods

Except for consumable items, you can apply several pricing methods to products:

Choosing the fixed fee method

Charge a price per hour, day, week, or month (e.g., $50 per day).

Prices round up, so if a product costs $10 per hour, you charge $10 for rentals up to an hour, and $20 for rentals longer than 1 hour and up to 2 hours.

Likewise, if a product costs $10 per day, you charge $10 for rentals up to 24 hours, and $20 for rentals longer than 24 hours and up to 48 hours.

Choosing the fixed price method 

Charge a fixed price, regardless of the rental duration (e.g., $50 per order).

Choosing a pricing structure 

Set up tiered pricing (e.g., $50 for 1 day, and $75 for 2 days, and $20 for each extra day). 

💡Note: this article describes one-off structures, which apply to a single product. Use template pricing structures to apply the same structure to multiple products (even if they have different base prices).

Pricing structures consist of one or more price tiles:

As with other pricing methods, prices round up; when the duration of a rental is longer than the duration set in a tile, the next tile is applied. 

In the example above, the tile for 3 days is used for any rentals longer than a day.

If the rental period exceeds all tiles, you can charge an optional fee for each extra hour, day, week, or month:

Pricing for product variations

Except for products using a one-off pricing structure, prices are set per variation. So for a product that's priced per day, the price per day is set from the Variations tab.

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