What are Profit Margins and Discounts Used For?

The margin is the profit (or markup) that a company earns from a sale. A discount is an acceptable amount that can be deducted from a product price.

Markups and discounts can be configured by navigating to 'Pricing Discount and Thresholds' in the Configuration menu on the Sales Quote Dashboard.

Discounts can be applied manually to a proposal in an ad-hoc manner, or they can be set up to apply when a particular threshold is met automatically.

For example, you may want to provide a special discount for your customers or promote sales volumes with threshold discounts configured by value or volume, respectively. Let's take the below example, "5% discount on value over $1000" when the proposal value reaches the $1000 threshold, a 5% discount will be automatically applied. This can be overridden still inside the quote if you require.

Related User Guide Topics

Configuring the Order Now Button
29 Oct 2019
When a customer clicks the 'Order Now' button, QuoteCloud will simply set the status of that sales quote as 'Accepted' and send you an email advising you of this fact. There is the ability in QuoteCloud to redirect the customer to another URL address after clicking the Order Now button.
What Are Profit Margins & Discounts Used For?
29 Oct 2019
The margin is the profit (or markup) that a company earns from a sale. A discount is an acceptable amount which can be deducted from a product price.
Creating Profit Margin Rules
29 Oct 2019
QuoteCloud makes it easy to setup a company wide margin which can be dynamically included in any sales quote. Learn how this is done.
Disabling Discounting in Sales Quotes
29 Oct 2019
It maybe a requirement for some administrators of QuoteCloud to prevent Sales Consultants from applying discounts.

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