Ask and most businesses will tell you. The key to their success is upselling. It is one thing to get
sale. It is far better to super-size that sale.Real profits come when you get
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
clerk sees Sam looking at
budget-priced gold fish, she leads him over to
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
time Sam exits
store, he has purchased much more than
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
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
simple inexpensive solution they first consider. By grouping together several different products and services, you can give
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
computer, a few questions posed by
sales person reveal Melissa will probably need new software to help her achieve
things she wants to do with
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
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
store to provide, but greatly increase
value of
purchase.
Three Ways To Make Upselling Automatic