how to set up products in salesforce

How to Setup?

• Package Settings Navigate to Setup | Build | Installed Packages| Salesforce CPQ | Configure | Subscriptions and Renewals. ...
• Navigate to Products Tab and click New Set Active checkbox to True. ...
• Click Save & Add Price button. ...
• Once you click Save button, you will be redirected to the Product Detail Page. ...

More items...

Full Answer

How do I create a new product in Salesforce?

To add a product, log in to Salesforce and follow these steps: Select the Create Product option from the Create New drop-down list on the sidebar. A New Product page appears. Add a product to the product catalog.

How do I set up a Service Pack in Salesforce?

From Setup, click Object Manager . Select Product, then click Fields & Relationships . Select Product Family . Under Product Family Picklist Values, click New . In the Product Family field, enter Service Packages and on the next line, enter Panels. Click Save .

How do I create an order in Salesforce international sales?

All your work setting up the Salesforce framework for the International Sales team has paid off. Now you can create some orders. And since an order requires a contract number, create the contract first. Click to open the App Launcher, and then select Contracts .

How to create a sales book in Salesforce?

Part #1: Adding products in Salesforce: Defining the products. First, select the “Products” tab at the top of the page. Pay no heed to the out-of-the-box sales book that already exists, and go to the bottom of the page, and find the “Managing Price Books” link. This will give you a page where you may activate the previously mentioned price book.

How do I enable a product in Salesforce?

How to Enable Product Scheduling in Salesforce?via Quick find box.or choosing Platform Tools -> Feature Settings -> Sales -> Products -> Product schedule settings.

How do I create a product category in Salesforce?

Create a Product CategoryFrom App Launcher, find and open Categories, and then click New.Enter a name and description.Select the catalog.To show the product on a menu, select Show In Menu.Enter a sort order.Select a parent category, and then save your changes.

How do products work in Salesforce?

Products in Salesforce is a service or item the company sells to the customers. After defining the products, you can associate them with the prices you have established in the price book. Products are available through a related list on the Opportunities tab.

How do I create a product in Salesforce CPQ?

Step by Step Guide to Create Product Bundle in Salesforce CPQ Navigate to the Products Tab and click New, Enter all the necessary information. ... Go to the related List of products, then go to the price book and add list price and Set Active checkbox to True. Create Optional Products and add Pricing.More items...•

What is product category in Salesforce?

Grouping products into categories makes it easier for shoppers to find products. Plan Your Category Structure. Categories make products easier to discover in searches and through navigation. Build a category structure that shows product relationships and makes products easier to find.

How do I add a product to Salesforce Commerce Cloud?

Add Products to CategoriesFrom the Commerce App Navigation menu, select Product Workspace.Select the products to assign to a category.Open the action menu next to Import and Click Add to Category.Select one or more categories and click Save.

What is Salesforce product object?

In Salesforce, Product is a Standard object having standard fields and tabs. You can add your custom fields to customize Product object as per your business requirement. Products can be added to the Opportunity allowing you to have an correct inventory and also make your forecasting accurate.

How do I add a product to a price list in Salesforce?

Select a product. On the product page, in the Price Books related list, click Add to Price Book. Choose the price book and currency for the new list price, and then click Next. Enter the list price.

What is Salesforce product catalog?

As a concept, the Product Catalog is the collection of product records in Salesforce. It is the center of everything in CPQ. It impacts significantly many aspects, including the user experience, the administrative tasks, the way products are shown on the Quote documents, and how they are billed.

How do I add a product tab in Salesforce?

Add a tab in Salesforce Lightning ExperienceClick Setup.Enter App Manager in the 'Quick Find' search box.Click the down arrow next to the App and then click Edit.In the App Settings, click Navigation Items.Select the items you want from 'Available Items' and add them to 'Selected Items. 'Click Save.

What is standalone product in Salesforce?

A standalone Product can be a service, a software license or a physical product which is sold as a one-time fee. Customer pays for such product up-front and is authorized to use it indefinitely.

What is SKU in Salesforce CPQ?

A stock keeping unit (SKU) is an alphanumeric code that identifies a product and helps you track inventory for your retail business. You can create SKU numbers manually or using inventory management or point-of-sale (POS) software.

Introduction

Ursa Major Solar, a Southwest US-based supplier of solar components and systems, has expanded to global markets and just hired Ian Lin as its new VP of International Sales. Right out of the gate, Ian has been given quotas for his sales team to sell the company’s new ground-mounted solar panels.

Launch Your Trailhead Playground

You complete this hands-on project in your own personal Salesforce environment, called a Trailhead Playground. Get your Trailhead Playground now by clicking Launch at the bottom of this page. Your playground opens in a new browser tab or window. Keep the playground open while you do this project.

Create Sales Role and User Accounts

Before building the framework the sales team needs, create a sales role to be use for adding the team's sales reps.

Set Up New Currencies

Because Ursa Major’s new solar panels are sold both internationally and in the US, it’s necessary to assign more than one currency to the products. Before you can do this, you must enable the Multiple Currencies feature.

Create New Product Families

Next, create product families to help categorize and organize Ursa Major’s services and products.

Add New Products

You’ve set up multiple currencies and created product families. Now you’re ready to add products.

Create Standard Price Books

When you create a product in Salesforce, you add a standard selling price to it using price books. These keep track of your company’s products and their prices. You can add products and prices to the standard price book, or you can create custom ones.

Choose the Right Term

Subscription products are special because they’re sold as a service that lasts for days, months, or years. Since time is involved, you must consider what unit of time you want to use when quoting subscription products.

Basic Anatomy of a Subscription

Good news—subscription products are just normal products with a little extra flair. With a few small changes, any product you already have in your org can be sold as a subscription.

Prorated Prices

If you looked closely at the prices in the Quote Line Editor, you may have noticed that List Unit Price stayed at $30 regardless of the Subscription Term value. It’s one of the pricing fields that isn’t prorated. Opening the Password Manager License Quote Line Drawer ( ) reveals more pricing fields.

Hands-on Challenge

You’ll be completing this challenge in your own hands-on org. Click Launch to get started, or click the name of your org to choose a different one.

Why is subscription important in Salesforce?

There are numerous benefits of using subscription products in Salesforce, the most important of all is that when Subscription products are used, they will be automatically created and related during the creation of the Renewal Opportunity and Renewal Quote. When used correctly, this allows companies to easily predict or forecast how much and of what products they will be selling in the future.

What is Salesforce CPQ?

Salesforce CPQ has a lot to offer to anyone who is looking to complete the lead to cash flow from within Salesforce. The ability to set up Subscription products with a series of toggles is a great reason to look into CPQ if the standard products and pricebooks are not cutting it.

What is subscription product?

A subscription product is a product that has some recurring payment element to it, whether it be a monthly payment (think your Netflix subscription), or an annual subscription (think an Amazon Prime subscription). Tracking which customers have subscription-based products is one of the major highlights of Salesforce CPQ, ...