Each product you offer generates revenue differently. In Agentcis, you can manage and track these variations by choosing the correct Revenue Type for each product. This is a crucial setting that affects how the Product Fee Table and Sales Forecast behave within the system.
There are two main types of revenue supported in Agentcis:
1. Commission from Partner
This revenue type applies when your agency earns a commission from the partner (such as an institution or college) based on the fees paid by the client to that partner.
A student enrolls in a Diploma of Business at XYZ College.
The total tuition fee is $12,000.
The college agrees to pay your agency a 20% commission on this amount.
So, your revenue from this product is:
20% of $12,000 = $2,400, which you earn as commission from the partner.
This is the most commonly used revenue model for education consultancy services.
This applies when you charge your client directly for the service you provide. It could be anything from visa application support to consultation services.
You assist a client with a student visa application for Canada.
You charge the client $500 as a service fee.
This amount is paid directly to your agency and is not linked to any partner.
In this case, you may also have payables associated with this service (e.g., fees paid to a lawyer or third-party vendor), which can be tracked in Agentcis as well.
