Store Markup/Commission needs an OVERHAUL
Under Consideration
This applies to all store websites, with affilate markup/commissions
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When I set a garment price
$31.50
I set the decoration price
$10.75
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My MIN charge price is $42.25. (Customer Retail Price)
If a store wants to sell that
They start with $42.25
They can add whatever markup they want
Say 20%
Making that product = $50.85
PROFIT $8.45. (thats the store commission, kickback I will be happy to pay)
That's pretty fair. I get my money, they keep the difference
Everyone Wins.
It makes building the store simple
- products are set, decoration price matrix is set
- change the store Price Settings >> Default Markup at whatever percentage
- the products automatically price
and I can move on with my day really happy
No complicated math
They can then adjust pricing for discounts, as long as it doesn't go below MY minimum cost
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Your model is extremely messed up
- and whomever came up with your model, shouldn't be in charge of a piggy bank
- Starting from the same setup / based on the pricing display
Customer Retail Price: $42.25 (ok good start)
Commission: 15%
Store Wholesale price $35.91 (really bad, you just took $6.34 away from me)
Store Markup 18% (you put some money back on)
Retail price: $42.38
NO WAY - I just made less on my garment and decoration (staff time, production costs - which is why we have blank garment and decoration price) - NOTHING should go below that amount - NOTHING
If the affiliate wants to sell that hoodie at $50 with whatever Markup or Manual sell cost they want to set over that Customer Retail Price is.
I'll pay them every single day
BUT NOTHING SHOULD BE COMING OUT OF MY BASE PRICE
Taking money away from your decorators, on every product, every order really sucks. And you made the math extremely difficult, and unnecessary. We are wasting time manually overriding pricing.
Affiliates are taking a part of our profits, instead of them making their own over our cost.
Every other platform has the simple solution, you need to make it simple and straight forward.
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Screenshot of Catalog product with the pricing structure and store product screenshot, neither match up.
And it shows the "Wholesale" is lower than my "Customer Retail Price"Comment actions -
DecoNetwork Team
Hey Brian, I might be missing something but is seems like just leaving your commission percentage set at 0% and allowing your stores to increase their earning by adding markup under Price Settings would address your concern.
Comment actions -
DecoNetwork Team
We are planning changes to terminology around commission, markup and store wholesale to make things clearer as current terms do often cause confusion.
Comment actions -
appreciate that
- having a commission record is great, and works
- if that just applied to the markup portion to record - mark as internal or payout as the option to record what we need to pay an affliliate - nice
- if we set the commission to 0%, markup percentage or custom price, we cannot properly track what we owe our affiliate vs the cost
- this is why the current model doesn't work
- we want to see a report, of what we produced, and cost on our end
- and see the amount owed to the affliate
hope that helps
BrianComment actions -
DecoNetwork Team
I think this comes down to misinterpretation of the current terminology. What the system calls store wholesale isn't your cost, it is the store's minimum selling price. From your original example it would be the $42.25 price. So if you don't want the store to take any portion of that base starting price, you leave your commission set at $0 and then the store can set a markup to increase the selling price and their earnings.
It seems you might be interpreting the term "commission" as your "margin" and "wholesale" as your "cost"? Cost/profit reporting is currently missing on the platform because there are many elements we don't know the cost of, for example decoration, extra charges etc. The only element we track the cost of is the blank product. All other prices are entered as retail. We are considering moving more things to a cost + markup model which would open the door for profit reporting but this is a huge task, but may be worth it.
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