Overview on Salesforce's Products and Price Book
In this video, I will be giving you an overview of product and price books.
Products are a list of tangible or intangible items offered by the company.
Price Books are a list of products with their prices.
There are 2 types of Price books: Standard and Custom
The Standard Price Book is a default price book that comes pre-installed with Salesforce
Custom Price Books are additional price books that you can create to manage products and prices in different currencies, regions, or scenarios.
Standard price: Default price associated with products.
List price: are custom prices associated with products (ex. Domestic or international prices)
Sales Price: are customizable prices that users define for products that are added to opportunities or quotes. Either they can be the same as list prices or modified prices.
There are instances where you may have to perform certain operations in classic view, like cloning a price book or archiving a price book.
NOTE: Be careful when performing actions like this. Always do your due diligence to ensure it is safe to delete or archive. Otherwise, deactivate it for safety purposes.
For best practices review the object relationships between opportunity, opportunity product, product, price book entry, and price book.
Links to adding and updating products in bulk:
• How to Load Products into Standard Price B...
More resources on Products and Price books
Price Book: https://help.salesforce.com/s/article...
Products: https://help.salesforce.com/s/article...
Upvote this feature:
Cloning a Price Book in Lightning Should Copy Products Like In Classic
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Timestamp:
00:00 - Intro about product and Price Book
02:06 - What are product Families?
03:02 - Object Relationships
04:29 - Overview of Products and Price book
06:32 - Adding Product to Custom Price Book
07:33 - Important Note on Cloning Price Books
08:13 - Quick Demo
09:47 - Quick Sales Price Demo
11:25 - What happens when you switch price books on an opportunity?
12:18 - Important note on deleting price book
12:43 - Archiving Price Book in Classic
13:56 - Outro! Check the description for information!