What's the best way to indicate a subscription based price increase for reporting purposes?
SOLVEHey Y'all!
New to HubSpot and had a question - I'm wondering what is the best to indicate a subscription based price increase?
For example, let's say our product is $10,000 a year. Upon renewal, a 5% price increase is applied to the deal, increasing the total price to $10,500.
Not every customer will have a price increase, so I'm wondering what the best way to indicate this so I can later report on this to easily see which customers have had a price increase.
I'm currently doing this in the line item section of the deal. For example:
Line item 1: Product name - Original Subscription Price
Line Item 2: Product name (Price Increase) - Amount of Price Increase
Total Contract Value: Original Subscription Price + Amount of Price Increase
Is this best practice? If I do it this way, will I be able to run reports to see which customers have had a price increase at renewal?
If there is a better way y'all have found to do this, let me know!
Thanks!
1 Accepted solution
What's the best way to indicate a subscription based price increase for reporting purposes?
SOLVEThe simplest way I can see would be:
Custom Deal Property = "Price Increase 2024/5" = YES
Then you can simply run a filter on all deals that had this price increase for that year.
(Make compulsory for deal close, have "NO" as an option as well)
Did my post help answer your query? Help the community by marking it as a solution.
What's the best way to indicate a subscription based price increase for reporting purposes?
SOLVEThe simplest way I can see would be:
Custom Deal Property = "Price Increase 2024/5" = YES
Then you can simply run a filter on all deals that had this price increase for that year.
(Make compulsory for deal close, have "NO" as an option as well)
Did my post help answer your query? Help the community by marking it as a solution.
