14.2 Creating Products (Services, Training Fees - If Applicable)

Purpose:

The Products area (Payments → Products) allows you to define standard items, services, or fees that you might regularly include on invoices, order forms, or link to Membership Offers. Creating products ensures consistency in naming and pricing. While less critical if only invoicing commissions manually, it's essential if selling standardized services or access online.

Real Estate Examples:

  • "Transaction Coordination Fee" (Flat fee service)
  • "Agent Onboarding Training Course" (If selling access via Memberships)
  • "Brokerage Marketing Package - Tier 1" (If offering tiered marketing support)
  • "Lease Preparation Fee"

Creating a Product:

  1. Navigate to Payments → Products.
  2. Click + Create Product.
  3. Enter Product Details:
    • Name: The name of the service or item (e.g., "Agent Onboarding Training Course").
    • Description: Add details about what's included.
    • Product Type: Choose Service or Digital Good (Physical good less common for RE).
    • Optionally upload an Image.
  4. Add Pricing: Click + Add Price.
    • Pricing Name: Often defaults to product name, can customize (e.g., "Monthly Access").
    • Billing Period: Choose One Time or Recurring.
    • Price: Enter the amount and select the Currency.
    • If Recurring: Configure the Billing Interval (e.g., Monthly, Yearly, Weekly), optionally set number of billing cycles, trial period days, or a one-time Setup Fee (collected with the first payment).
    • Price Description: Optional additional details.
  5. Additional Options:
    • Included Products/Services: (Less common) Bundle multiple price points.
    • Variants: Add options like different tiers or levels if needed.
    • Membership Offer (CRUCIAL if Selling Access): If this product represents access to a Memberships course/community, use the dropdown here to link it to the corresponding Membership Offer created in Memberships → Offers (See 11.3). This connection enables the checkout process for paid memberships.
  6. Click Save. The product is now available to be added to invoices, order forms, or payment links. (You can also potentially Import Products directly from your connected Stripe account).