|
Ask and most businesses will tell you.
The key to their success is upselling. It is one thing to
get the sale. It is far better to super-size that sale.
Real profits come when you get the customer to buy a larger,
more expensive, or more comprehensive product or service.
The guy going into a pet store to buy a fish is a classic
example.
When the clerk sees Sam looking at the budget-priced gold
fish, she leads him over to the much more impressive tropical
fish.
"As you probably know, you will need a fish tank,"
she says. "These beautiful fish only live in salt water.
We have these $75 salt water tanks on sale for just $49.95."
By the time Sam exits the store, he has purchased much
more than the twenty cent gold fish he originally came in
to get. He is proudly carrying home several exotic species,
a $50 fish tank, fish food, a light, and other accessories.
The sale went from a tiny twenty-cent transaction to nearly
$100. The store's profit margin rose right along with it.
You Are There To Help
Upselling is easy if you think of your main business as
helping customers. Think about the problems your customers
come to you with. What does it REALLY take to solve their
problems?
Chances are, your customer needs a lot more than the simple
inexpensive solution they first consider. By grouping together
several different products and services, you can give the
customer a more advanced package that goes much further
toward creating a satisfying solution.
Melissa buys a computer. Even though she is not thinking
of purchasing anything more than the computer, a few questions
posed by the sales person reveal Melissa will probably need
new software to help her achieve the things she wants to
do with the computer.
The computer and new software have a pretty steep learning
curve. Melissa will need help from an expert and likely
a technician to install the network system her needs demand.
The computer retailer anticipates Melissa's situation.
Many of their customers are just like her. The store offers
a "getting started" package with all new computers.
It includes several software choices, instruction sessions,
and help with installation. These things are cheap for the
store to provide, but greatly increase the value of the
purchase.
Three Ways To Make Upselling Automatic
Here are three favorite ways to build upselling into any
purchase. Use these and customers will buy two or three
times as much without even thinking about it. The day I
put these ideas to work in my own business, I trippled my
income.
1. Bundle several related products or services
together. Drop the price below what the total would
be if the customer bought all the products separately.
When a customer inquires about a single item, point out
she can get that item PLUS a great deal more by purchasing
your bundle.
You will find many customers just can't resist the bundle
bargain. Announce your new bundle with flair. It can pull
in orders faster than you can fill them, especially if you
advertise heavily to existing and previous customers who
already have a good taste for what you offer.
2. "It works fine by itself, but it REALLY
works when you add THIS." If your product
or service works much better with a complimenting item,
be sure to tell customers about it.
It is surprising how many products and services go hand
in glove. It's hard to have one without needing the other.
Years ago I wrote press releases for $75. A great many
customers bought the release, but never got around to sending
it to media. So I started writing AND sending press releases.
The $75 press release became a $295 release-and-distribution.
Almost no one bought the press release by itself after that.
3. If a little worked, a LOT will work even better.
As soon as you learn a customer is having success
with your product or service, offer them a good deal on
more of it.
Sheila's family likes the yellow bars of soap one company
sells. When the distributor who services her account hears
about this, he offers her a deal on six bars each and every
month.
This works as well for management consultants as it does
for soap sales. If you solve one problem for a company,
pitch them on letting you solve three or four more problems
for them. Later you can convince them to let you handle
all their problem solving needs.
Successful upselling needs to be at the core of every business
or professional practice. It can instantly multiply your
profits. You might well go from just getting by to living
comfortably, and from living comfortably to rolling in wealth.
As you can see, super-sizing every order has to do more
with planning than with any special selling skill. Get good
at fulfilling a need. Then create packages and strategies
that sell even more of your solution to each customer.
Article by: Kevin Nunley provides marketing advice and copywriting.
See his 10,000 marketing ideas and popular promotion packages
at DrNunley.com
Reach Kevin by email or call 801-328-9006.
 |
Build it Big:
101 Insider Secrets from Top Direct Sellers
Discover the time-tested success strategies of today’s
top direct sellers how to make more money and skyrocket
your direct selling business. You learn how to start
your direct selling business, booking, coaching, selling,
team building, success strategies and more! Build It
Big gives you real life, easy to implement insights
that will take you from where you are today to wherever
you want to be. Get your copy or learn more here: http://www.webmomz.com/builditbig.htm
|
 |
You may want to consider joining The Direct
Selling Women's Alliance. I am a member and
can tell you it's been very helpful in my direct selling
career. Their organization provides education, networking
and support to women with a network marketing, party
plan or home-based business.
Discover the benefits of becoming a DSWA
http://www.webmomz.com/builditbig.htm
|
|