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While navigating an online bookstore I came
across the James Frey book popularized by Oprah's book club:
A Million Little Pieces. As I read about this book I was
informed that "readers who bought A Million Little Pieces
also bought the books Lies My President Told Me and
Pinocchio." Folks, I was being cross-sold, yet I wasn't
cross about it.
The reality of business is that customers want
to be sold. They love to buy for their own reasons. Not
manipulatively bombarded with sales pitches or indiscriminately
pressured with endless offerings, but intelligently informed,
guided and suggested with related, logical and natural purchases
that further their goals.
Up-selling and cross-selling are two sales
techniques used by professional sales and service staffs to
increase sales. Are you making the most of your suggestive
selling?
UP
with Selling
Up-selling
refers to situations where your customer buys a product or
service, and you encourage them to spend more for additional
features or packages. They are upping the amount they are
spending, albeit for more or better services or products.
Consider the customer seeking a point-of-sale
solution for handling charge cards, yet opts to purchase a
deluxe POS model for more money when learning of additional
capabilities, security and flexibility.
You are shopping for a bare-bones SUV. The
salesperson infoms you soccer moms tell him they love having the
model with the DVD player in the backseat for the kids. Thus you
buy that model with a fancy video system and then extended
warranty too.
Sales Crossing Ahead
Cross Selling
refers to situations where a customer buys a product or service,
and is simultaneously sold related items that often complement
their purchase.
For example: A customer buys a computer and is
then sold training in a bundle.
Ditto when a man buys a suit and is then offered
a color coordinated silk tie and dress shirt to go with it.
While we think of these as advanced sales
techniques, they are actually rooted in the power of
suggestion.
People, once they've decided to buy, are
naturally swayed by more and better options, additional value,
and the excitement following their initial purchase. Many
customers don't know about additional items or options, or how
well they complement the initial item they bought. Up-selling
enhances their initial purchase, making them more powerful,
capable and effective. Cross-selling similarly enhances their
purchase, often maximizing its impact on their business.
Suggestive Selling Salient In Our Lives
Quite frankly, we've been up-sold and cross-sold
every day. And it's not necessarily a manipulative process.
Consider the following examples:
"Would you like fries with that order?"
"For just 49 cents we can super-size that for
you."
"When you buy 2 you get 1 Free!"
"Would you like to purchase our extended warranty
coverage on this? It's only...."
I've worked with customer service staffs afraid
to sell, others who felt it was manipulative and smarmy to
sell. Yet here's a secret: It's really a form of service!
True professionals are sincerely interested in
bridging the gap and delivering great results.
Service Through Sales
When you up-sell and cross-sell:
·
You are making informed suggestions as a knowledgeable rep
·
You are apprising customers of options they may not be aware of
·
You are often anticipating future needs
·
It's a way to further help your customer…to be more powerful, to
enjoy more benefits, to maximize the usefulness of the products
or services they’re acquiring.
Remember this, when you are the rep who is
selling and serving:
·
You are in the business of solving problems, generating solutions
and making customers happy, or even happier
·
You are the subject matter expert when it comes to the products and
services you are representing
·
You are apprising customers of options they may not be aware of to
the extent Y
·
You listen and understand the situation of your clients, customers
or constituents
·
You are ideally suited to provide solutions, recommendations and
remedies. To withhold this from others would be selfish, and
poor service.
Any time you can fulfill more needs,
address more issues or solve more problems you are easing your
client's /customer's life. After all, they already trust you,
like you, and are doing business with you.
So, how does one UPSELL or CROSS-SELL? It's easy.
When You Play Bridge...You Avoid Leaving Money on the Table
After you've completed the initial transaction or
gotten the initial indication your customer wants to buy, you
can then bridge to the Up- or Cross–Sell:
Mr.
Rhorbach, while I have you on the line…were you aware you can work in multiple advanced speech manuals at
the same time?
Oh,
by the way Ms. Kitchel, did you know…that the book you bought for new hire also has a companion CD for
just $9 more?
Mr.
Young, I'd like to take a moment to…inform you of a new nationwide program just for businesses such as
yours…
Incidentally…were
you aware that you are 2/3's of the way toward qualifying for a
discount on shipping of your office supplies?
Using BRIDGE statements allows you to transition
from your initial sale to up-sells and cross-sells.
Pairing Your Products; String Your Services Together
Look anew at the offerings you're selling. For
each, what is an up-sell? What can you cross-sell with it? Make
sure your salespeople know the migration paths so they can
suggestively up- and cross-sell with ease.
In closing, I'd like to thank you for your
engagement with this material. Before concluding, could I
interest any of you in a related article on up-selling and
cross-selling? Perhaps you'd prefer a training course on
suggestive selling? Shall I customize that for you? Consider
yourself super-sized!
As Clint Eastwood would say: "For A Few Dollars
More..."
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