Understanding Burdi’s Markup Options: RRP, RRP + Additional Markup, and Price Range Markup
RRP, RRP + Additional Markup, and Price Range Markup |
There are two main approaches to setting up your pricing rules in Burdi: the Simple Pricing Method and the Advanced Pricing Method. Each method gives you access to different markup options, allowing you to balance simplicity with flexibility.
Simple vs. Advanced Pricing Methods
Simple Pricing Method
The Simple Pricing Method is designed for businesses that prefer straightforward, consistent rules. It removes the complexity of managing supplier- or product-specific pricing but still gives you control where needed.
With the Simple Pricing Method, you can:
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Apply consistent markup methods across suppliers.
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Add extra markup on products.
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Create limited, supplier-specific rules if required.
This method is perfect if you want to save time and avoid overcomplicating your pricing while maintaining fair margins.
Advanced Pricing Method
The Advanced Pricing Method is for businesses that need more control and flexibility. It’s tailored for those who work with diverse suppliers, product types, and varying cost structures.
With the Advanced Pricing Method, you can:
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Set different markup methods for each supplier.
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Add extra markup based on specific needs.
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Create detailed, custom pricing rules for suppliers and product types.
This method gives you precision and adaptability, ideal for scaling businesses with wide-ranging product costs.
Markup Options in Burdi
Burdi offers three main markup options to use within your pricing method:
1. Burdi’s Recommended Retail Price (RRP)
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How it works: Calculated based on the number of Burdi users selling the same product, creating a competitive retail benchmark.
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Best for: Staying aligned with industry pricing and keeping things consistent.
Available in:
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✅ Simple Pricing Method
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✅ Advanced Pricing Method
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2. RRP + Additional Markup
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How it works: Builds on the RRP by allowing you to add a custom markup on top, giving you more margin flexibility.
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Best for: Adding extra profit where needed (e.g., higher overheads, specialty products).
Available in:
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❌ Simple Pricing Method
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✅ Advanced Pricing Method
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3. Price Range Markup (PRM)
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How it works: Applies a markup based on the item’s purchase price using a tiered table. Lower-cost items may get a higher percentage markup, while higher-cost items may get a lower one.
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Best for: Businesses with products across different price ranges that want pricing rules to adapt automatically.
Available in:
✅ Simple Pricing Method
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✅ Advanced Pricing Method
Which Approach Should You Take?
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Start with Simple if you’re just getting set up or prefer quick, consistent pricing rules with minimal adjustments.
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Move to Advanced if your business grows, your product range diversifies, or you need more precise control over how prices are set across suppliers and categories.
By understanding both the pricing methods and the markup options, you’ll be able to strike the right balance between simplicity and flexibility — ensuring your prices remain competitive while maximising profitability.
👉 Tip: Many businesses start with the Simple Pricing Method using RRP or RRP + Additional Markup, then transition to Advanced Pricing when they want to unlock Price Range Markup (PRM) and more complex strategies.
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