Before you commit to a pricing change, you can simulate how it will affect revenue and costs. This guide shows you how to test different price points and see the impact on your margins.
Navigate to your product in Product > Product Catalog. Open the product to see its detail page. You’ll see all the rate plans associated with that product. Click on the rate plan you want to test, like “Starter plan”.You’ll see the rate plan details and all the charges it contains. Each charge shows its current configuration, including the pricing model and unit of measure.
Find the charge you want to test and click the “Edit” button. This opens the charge configuration modal where you can modify the pricing.The edit modal shows all the charge settings. You can change the currency, charge type, model type, and most importantly, the pricing configuration. For tiered pricing, you’ll see all your tiers with their start values, end values, and prices.
Modify the prices in your tiers to test different scenarios. For example, if your first tier currently charges $10 per @outcome for the first 100 outcomes, you might change it to $15 to see how that affects revenue.You can adjust any tier’s price using the up and down arrows, or type directly into the price field. You can also add new tiers or remove existing ones. The changes you make here are only for simulation - they won’t be saved until you click “Save”.
Click the “Simulate” button to see how your pricing changes would work. The simulation opens in a new view.Set the date range you want to simulate, like from October 2 to December 2. Choose how to group the data - daily, weekly, or monthly. Select which charges to include in the simulation.Click “Run Simulation” and the platform calculates what revenue and costs would look like with your new pricing. You’ll see a chart showing revenue bars, cost bars, and a margin percentage line over time. This helps you understand if your pricing changes improve profitability or if you need to adjust further.Once you’re happy with the simulation results, go back to the edit modal and click “Save” to apply the changes. If the simulation shows the pricing isn’t working as expected, you can adjust the prices and simulate again until you find the right balance.
