These related tactics can have a powerful impact on the bottom line and dramatically boost per-customer revenue. When every dollar counts, it's absolutely critical to encourage prospects and customers to renew their commitment to your business.
To help your sales team sell and earn more, follow these seven (7) online upselling tactics and cross-selling strategies.
Start by identifying your existing customers. This helps you determine how to focus your upselling and cross-selling firepower. Follow these sub-steps to complete the process:
Once you've gathered a bit of basic information about each customer, you need to determine whether it makes sense to upsell or cross-sell. Most companies define upselling and cross-selling as follows:
After you've assigned each customer to the upselling and/or cross-selling category, it's time to lay out a comprehensive plan of attack that utilizes best-practice digital cross-selling tactics and upselling strategies. These strategies typically utilize a mix of email and phone touchpoints.
Before you begin the initiative, figure out the frequency with which you'll use each touchpoint and the overall mix to which you expect your customers to respond. If you've already segmented your upselling and cross-selling prospects into buyer personas, consider setting out separate parameters for each persona. Finally, create a physical roadmap that outlines your engagement strategy for each upselling and cross-selling attempt.
Depending on how involved your upselling and cross-selling attempts are, you'll likely need supporting content to drive your message. Determine what you'll need to make a compelling case and set about developing each relevant piece. Common pieces of supporting content include:
Make sure you have a framework for tracking user engagement with each piece of content.
To effectively deliver your content, you'll need to create compelling marketing emails that encourage recipients to download or otherwise engage with what you've created. Compose your emails prior to beginning your upselling and cross-selling drive. Take care to include:
Follow the same process with your phone scripts. While it's not an absolute requirement to sell off a script, giving your salespeople a clear template can help them convince wavering prospects.
Since upselling and cross-selling are involved, ongoing processes, it's in your best interest to schedule and automate your efforts relatively far in advance. Use a calendar tool to schedule each contact with upselling and/or cross-selling targets.
Consider investing in an email marketing automation suite to reduce the amount of time you need to devote to manually sending emails. Remember to assess your schedule, automation protocols and general content at regular intervals and make any necessary adjustments.
Even if you've got a talented team supporting your efforts, you might feel overwhelmed, but don't despair. We are glad to help you get started and will do whatever you need to help ramp up your online selling operation.
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