Set a Product Price Floor

a "product price floor" refers to a minimum price set for a product, where the price cannot be discounted below this minimum price if your product requires a price floor to be set, you can leverage salesforce’s validation rule step 1 create a product custom field create a product custom field with currency (15, 3) type and name it “price floor ” image1 step 2 create a quote line item validation rule create a quote line item validation rule that checks if quote line item net sales price < product price floor and shows an error message image2 if you are using multi attribute pricing docid\ eeytplul97xuh5qnu0z6 or have multiple active price books, one product can have different prices in this scenario, you can use a price book entry custom field (instead of a product custom field) step 3 assign a price floor for your products let’s say that one of your products’ list price is $100 and its minimum amount to be sold at is $50, you can set this product’s price floor = $50 in your product catalog that way when a sales rep quotes this product, the price cannot be discounted below $50 an error message will be shown on the quote putting it all together in summary, a product price floor serves to establish a minimum threshold for pricing to ensure revenue stability by leveraging salesforce’s validation rules, you can ensure that the revenue will stay above a certain amount, while also streamlining the quoting process