Upselling and cross-selling are the most cost effective,
customer friendly sales techniques that you can put to use – not just with your
sales team, but with every employee in your organization. In today’s business climate where every sale
makes a difference, everybody sells.
Put simply, upselling is a sales technique your people can
use to lead your customers towards an upline product that will better meet
their needs. “Yes sir, we can certainly
repair your home entertainment system, but for the cost involved and with the
new technology available, can I show you the new models we just got in this
week?”
Cross-selling is a sales technique your people can use to
lead your customers towards additional purchases related to the one they’ve
already made. “This is an excellent
hi-fi system and it should last you for years.
A little maintenance on your part, though, would make it last even
longer. Can I add on this cleaning kit? I’ll show you how to use it.”
It’s easy to promote upselling and cross-selling throughout
your organization, and it all begins with product knowledge. If everyone in your organization knows your
product line well, it will be easy for them to talk about it. They need to know associations between your
products as well, so that cross-selling is automatic. Burgers with fries, printers with ink
cartridges, business suits with ties, air tickets with hotel bookings. The offer for an associated product should come
without hesitation.
Drill your staff on your pricing structures and keep price
lists close by them at all times. Show
them how to bundle products together so your customers get a complete package
at a better price. “The washer is
RM1,299, but if you buy it with the dryer I can give you both for RM1,999. That will save you RM300, and I’ll give you
the drying rack for free.” If your
people can do this on their own, they won’t have to check with you for prices
all the time.
Of course, your people will also need to know upselling and
cross-selling techniques. Get them some
training if necessary. You’ll see your
products moving out your door and a return on your investment in no time.
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