Pricing Calculator Tools: A Comparison of TargaCalc and Leading Alternatives

No. There is a distinct difference between TargaCalc and Quotient.

Quotient is a leading quote management tool which allows businesses to produce, send and track quotes.

Quotient’s purpose, is not to calculate the quote based on the customers specific criteria, quantities, size, volume, etc., whereas TargaCalc has been specifically designed to handle such calculations.

Besides TargaCalc, there are several well established producers of pricing calculators spread across the US, India, Europe, and elsewhere, each offering their own level of service, features and benefits for clients with different requirements.

These include PriceBuilder, BuilderExpert, Involve.me, Stylish Cost Calculator, Cost Calculator Builder and of course TargaCalc by TargaCalc

Some of the simpler pricing calculators have been built as a generic option to allow businesses with simple pricing models to produce quotes or estimates. Usually they’re as simple as being able to select quantities of items A, B and C at predetermined costs, and the calculator will add them up for you.

But when you need to factor in things such as minimum charges, pricing caps, discounted (or combined) rates on multiple selections, information overlays, cost breakdowns, split payment plans, advisory messages, customisation to fit within your website you can begin to understand why the cost of producing pricing calculator can vary significantly.

Location, distance, access, frequency, and other things which are unique to your business, might also impact the price, and you could also factor in staff or sales team tools, including upsell prompts, objection handling, and other bespoke features.

A pricing calculator (also commonly referred to as a quote calculator, cost estimator, or quote generator) is an interactive tool which allows potential customer to produce instant quotes or estimates based on their specific requirements.

A good pricing calculator should be able to be either designed or configured to represent the specific pricing model (or pricing methods) of that specific business, and provide potential customers with a sufficient range of options to allow them to select combinations of quantities, sizes, lengths, and other variants to meet their needs.

Some pricing calculators, including those which TargaCalc develops, can also provide cost breakdowns, split payment options, dynamic messaging, etc., and also allow the customer to email the quote to themselves as well as to the business.

Online quote calculators can be useful for many types of businesses. They can provide customers with the means to select items, services, sizes, quantities, etc., and then calculate a final price based on the values you provide.

Some quote calculators, like those from TargaCalc, can also allow the customer to email the quote to themselves, and provide you with a copy of that quote too. This can make them great for lead generation.

Apart from them being able to provide instant quotes for your customers 24/7, an online quote calculator can promote trust, and also promote other services which potential customers hadn't realised you offer.

It could also save you time and effort through not having to wasting time chasing leads that go nowhere. Your online price calculator can reduce that burden by doing the qualifying for you, allowing you to free up time to focus on doing what you do best and deliver a great service.

You can also track who generated each quote, enabling you to follow up as a warm lead.

Online quote calculators can be useful for many types of businesses. They can provide customers with the means to select items, services, sizes, quantities, etc., and then calculate a final price based on the values you provide.

Some quote calculators, like those from TargaCalc, can also allow the customer to email the quote to themselves, and provide you with a copy of that quote too. This can make them great for lead generation.

If you consider that a high proportion of website visitors want to know how much this thing, product or service will cost, and also what that price includes, it makes sense to help them to quickly and easily find those answers.

This is especially important for potential customers who want to find those answers there and then, so they can make an informed decision without having to pick up the phone during office hours to speak with a sales person.

Without a quote calculator or price estimator on your website, that potential customer might decide to move on and find someone who is prepared to help them to determine the cost. Trust plays a very important role in this process.

Pricing calculators are suitable for both customers and sales teams. But they can be even more flexible if the calculator has been designed to recognise whether it is being used by a potential customer or a member of your team.

This dynamic distinction between customers and employees can enable the calculator to display specific options, such as the name of the employee who is providing the quote, or different options or methods of selection which are considered to be more appropriate for the type of user.

But these distinctions between customers and sales teams is only possible if the pricing calculator has been designed in that way. TargaCalc will always provide that option, and can produce pricing calculators specifically to the requirements of your business.

No. TargaCalc uses traditional coding to carry out calculations based not only on what the user selects, but on the specific criteria and pricing models of each specific business.

Using AI might provide a quicker solution which is easier to implement, but previous experience with AI chatbots, and how AI suddenly started to change prices, currencies and package contents was very concerning. It was also potential costly and damaging to the reputation of the business, and user experience.

Therefore, for your peace of mind and ours, TargaCalc is sticking with its decision to remain in full control of structure of its pricing calculators, the formulas which are used, the calculations which are generated, and how they’re presented.