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# How to Add & Manage Your Product Prices in Magento

With Magento, you can set special prices, timed promotions and much more. 

1. Login to your Magento administrator dashboard and go to **Catalog >> Products**.


2. Identify the product whose price you want to modify and click on it to open up the **Edit** screen. Then next to the **Price** section you would see **Advanced pricing**. Click on **Advanced pricing**.
![](https://storage.crisp.chat/users/helpdesk/website/30c43b4318b81000/step-3-price-advance-price_16y33cf.png)

3. You will be redirected to a new page which shows the following Price options.

**Special Price -** This is discounted price off the normal retail price, especially during sales period.

**Special Price From -**Special price can be set up with specific dates ranges so that you don't need to manually update each product when the sale is over.

**Cost -**This is your product cost price which allows you to manage profitability a lot easier.

**Customer Group Price -** This is where you setup tier pricing e.g. for All Groups, Not Logged In, General ,Wholesale & Retailer. 

In the **Quantity** field, enter the quantity that must be orders to receive the tier price.

In the **Price** field, you should enter the price (fixed or discounted) for specific amount of products.

Basically, you can set a __fixed or discounted price__ for each groups e.g. for All Groups, Not Logged In, General, Whosale & Retailer. Click the **Add** button once you are happy with the new price adjustment.

Press the **Done** button at the top right corner when you're ready and to finalize changes, click the **Save** button on the returning page.