Product Inventory

Overview

The Product Inventory feature in Mysched allows you to offer additional products to your customers during the booking process. This feature is designed to streamline sales, boost overall revenue, and enhance the customer experience by offering related products, such as health, self-care, or other complementary items, during the service booking.

By enabling the Product Inventory feature, you can increase sales by 10-20% without changing the prices of your services, while simplifying the checkout process for both you and your customers. Offering products during appointments not only enhances customer satisfaction but also allows businesses to maximize sales opportunities.

Key Features

1. Create and Manage Products: You can create and manage your product inventory directly from the Mysched admin panel.
2. Sell Products During Appointments: Customers can choose to add products during the booking process, enhancing their overall experience and increasing revenue.
3. Monitor Inventory Levels: Keep track of your product inventory, with automatic updates when products are sold.
4. Flexible Product Selection: You can make product selection optional or mandatory during booking, depending on your business needs.

How to Use the Product Inventory Feature

1. Creating Products

To set up the Product Inventory feature and start offering products to customers, follow these steps:

1. Navigate to Product Inventory:

   • Go to the Product Inventory section in the Mysched admin panel.

2. Create a New Product:

   • Click on Create Product + to open the product creation modal.
   • Fill in the product details, including:
     • Product Name: The name of the product being offered.
     • Quantity: The amount of the product available in stock. This will automatically decrease as products are sold.
     • Purchase Price: The cost at which the product was acquired (optional for internal tracking).
     • Sale Price: The price at which the product will be sold to customers.

3. Optional Settings:

   • You can select the option Disable select in booking panel to make the product purchase mandatory for customers booking a particular service.

4. Save the Product:

   • After filling in all the necessary details, click Save to add the product to your inventory.

2. Selling Products During the Booking Process

Once the products have been created, customers will have the option to purchase them during the booking process. Here’s how it works:

1. Customer Selects a Service:

   • During the booking process, customers will first choose their desired service.

2. Product Selection:

   • In the Service Extras step, the product options will appear, allowing customers to select additional items related to their service. If a product is set as mandatory, it will already be pre-selected and cannot be unchecked.

3. Payment:

   • At the end of the booking process, both the service and any selected products will be added to the customer’s cart, allowing for a seamless checkout experience where they can pay for both the service and products at once.

3. Managing Product Inventory

The Product Inventory feature also includes easy-to-use management tools:

1. Editing Products:

   • To edit a product, go to the Product Inventory section, select the product, and make any necessary changes to its details.

2. Deleting Products:

   • If a product is no longer available for sale, you can remove it from the inventory by clicking the Delete option in the Product Inventory tab.

4. Monitoring Product Purchases

Mysched allows you to monitor product sales and manage inventory levels effectively:

1. View Logs:

   • Navigate to the Logs tab under the Product Inventory section to track which products have been sold, along with customer details and sales history.

2. Track Inventory:

   • The system automatically updates product quantities after each sale, helping you keep track of stock levels. When a product’s quantity reaches zero, it will no longer be available for selection during the booking process.

Example Use Case

A spa offering wellness treatments wants to boost sales by offering complementary products like essential oils and skincare items. The spa creates these products in Mysched’s Product Inventory and makes them available for selection during the appointment booking process.

Customers booking a massage can now also purchase essential oils and skincare products during the Service Extras step, all in a single checkout. This increases revenue for the spa without the need to increase service prices, and the customers enjoy a seamless experience by paying for everything upfront.

Conclusion

The Product Inventory feature in Mysched provides a powerful tool for increasing your revenue by selling additional products during the booking process. With flexible options for product management, easy integration into the booking flow, and real-time inventory tracking, this feature helps businesses optimize sales while enhancing the customer experience.

If you need further assistance setting up or managing your Product Inventory, feel free to reach out to the Mysched support team for guidance.