This tutorial is geared for a merchant who is selling services and where customers are subscribing for various levels of memberships and subscription periodperiods
In this example let's imagine a basic scenario of a video streaming service provider who is selling subscriptions to customers. We will be setting up three plans: Basic $4.99/mo ($49.99/year), Standart $7.49/mo ($74.99/year), and Premium $9.99/mo ($99.99/year)
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Product Name: Basic Plan
SKU: BP1
Price: $4.99 (original price)
Click on the Advanced Inventory link
Change Manage Stock to "No"
Click Done
At this point our basic product setup is complete
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2. Setup Billing Frequency (how to set up a billing frequency)
Navigate to MPOWER - Configuration – Billing Frequency
Add new billing frequency (monthly and annual)
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3. Open previously created product. Scroll down to the Subscription Options section and open it
Scroll down to the Subscription Options section and open it
Available For: Recurring Purchase Only
Click on the ‘Manage’ button for opening Recurring Options Management
Is Trial Offered (step1): Off (we kept this off for this basic demonstration)
Start Date(step1): Last Day of the Current Month (since we want to bill people at the end of the month)
Lock Product Price(step1): Off (will allow us to set a custom price for each billing frequency)
Unlock Preset Qty(step1): Off
Billing Frequencies (Step2): Click on Add New button twice and select correspond Billing Frequency (monthly and annual)
Billing Frequencies (Step2): Set the price $4.99 for a month and $49.99 for a year
Click Next and Save
At this point, the basic configuration of a subscription is complete
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4. Creating "Standart plan” and “Premium plan” products
Repeat the same steps above the only two differences will be
a. different product name, SKU
b. different prices for Monthly and Annual billing frequency. Instead of 4.99, you will type for Standart $7.49/mo ($74.99/year) and for Premium $9.99/mo ($99.99/year) accordingly
Result:
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