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Create Price Books to Track Products

Lightning bolt icon used to indicate that the content is for Lightning Experience

Attention, Trailblazer!

Salesforce has two different desktop user interfaces: Lightning Experience and Salesforce Classic. This module is designed for Lightning Experience.

You can learn about switching between interfaces, enabling Lightning Experience, and more in the Lightning Experience Basics module here on Trailhead.

Learning Objectives

After completing this unit, you’ll be able to:
  • Explain how products and price books work together.
  • Set up a price book.
  • Define a product schedule.

Get Reps Selling the Right Products

Your reps track the products they sell to customers using product records. Products include details, such as the product’s:
  • Name
  • Code
  • Description
  • Indication of whether it’s active
In other modules in the Optimize Sales Features for Lightning Experience trail, we’ve mentioned that Ursa Major sells components and service plans for solar energy systems. The company also partners with a supplier of renewable diesel-powered generators. We see those products in the Products list view.

List of Products

Each of those products has a standard price. When you create products in Salesforce, you add a standard price to each one. Then those products appear in the standard price book, accessible from each product or from the App Launcher.

Standard Price Book

Think of the standard price book as a master book of all your products.

Sometimes, though, you want to track a product that has more than one price. That’s when you create multiple price books. Say, for example, you sell coffee grinders at different prices depending on whether you’re selling to domestic or nondomestic customers.

Track Multiple Prices for the Same Product

Ursa Major’s Salesforce admin, Maria Jimenez, works with multiple sales teams. One of those teams sells to manufacturing industry customers on the West Coast of the United States. That sales team asked Maria to help them track products that have slightly discounted prices. The discount offsets a tax incentive that isn’t available to customers in that region of the country.

Tracking these products with discounted prices is possible—and easy! Maria just creates a price book specific for West Coast sales. Here’s how she does it.
  1. From the App Launcher, Maria selects Price Books.

    Price Books Accessable from App Launcher

  2. To create a price book, Maria clicks New, and then adds the specifics.

    New Price Book Details

    After Maria saves her work, the new price book appears.

  3. On the Related tab, she clicks Add Product, selects one of the products and a currency, and clicks Next.

    Add Products to Price Book

  4. Here’s where Maria adds the list price specific to this new price book. See how it’s lower than the standard price of $100,000? That discounted price offsets the tax incentive not offered to West Coast customers.

    List Price of Entry in Price Book

    And notice how she marks the entry Active? That’s because her reps want to sell these products right away.

    After Maria saves her work, she’s ready to add more products to the new price book.

How Sales Reps Sell Products in Salesforce

Maria’s sales reps are ready to sell to their West Coast customers. One of the newer sales reps, Lance, works an opportunity in the Qualification stage. He called Ritu, a key decision maker at Dickenson PLC. Ritu gave Lance enough details to determine that a 1,000 kW diesel generator is the best option to meet his customer’s needs.

Add a Product to an Opportunity

Because Dickenson PLC is on the West Coast, Lance uses the price book for his West Coast sales. Here’s how.
  1. From the Products related list on the opportunity that Lance is working, he selects Add Product.

    Select Price Book from Products Related List

  2. He then chooses the price book West Coast Manufacturing, and adds the product GenWatt Diesel 1000kW and sets the quantity to 1. In that price book, the product price reflects the discount Ursa Major offers.
  3. Lance confirms the product appears as he expects—with the discounted price.

    Discounted Product from the West Coast Manufacturing Price Book

See how easy it is to track and sell products using multiple prices?

Resources

Use these resources to learn more about products and price books.
Lightning bolt icon used to indicate that the content is for Lightning Experience

Remember, this module is meant for Lightning Experience. When you launch your hands-on org, switch to Lightning Experience to complete this challenge.

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