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BEST UPSELLING TECHNIQUES

Upselling - Best Techniques | Presentation Slides

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Page 1: Upselling - Best Techniques | Presentation Slides

BEST UPSELLINGTECHNIQUES

Page 2: Upselling - Best Techniques | Presentation Slides

WHAT IS UPSELLING?UpsellingUpselling is a sales technique where a seller tries to sell more enhanced and expensive products than the product the customer initially decided to buy.ExampleBasically upselling happens when you decide to buy one laptop, but you buy a better and more expensive model, because the seller demonstrated it and recommended you to buy it.

Page 3: Upselling - Best Techniques | Presentation Slides

It is important in all your messages and offers use your client's name or use 'you' and

'your'.

Your clients will treat direct reference as a more

personalized message and they will be more likely to

consider it.

HOW TO UPSELL?BE

SPECIFIC

Page 4: Upselling - Best Techniques | Presentation Slides

In order to be ready to do the cross-selling you should study your offers and find complimentary additional products and services to each offer.Use your target market knowledge and expertise to find the best pairs for your customers.

BE PREPARED

Page 5: Upselling - Best Techniques | Presentation Slides

Show the upselling product next to the chosen product and

make it obvious why the customer should buy the more expensive version.

You should be able to demonstrate different features and let your

customer try and compare the products.

SHOW THE BENEFITS

Page 6: Upselling - Best Techniques | Presentation Slides

The upgrade should cost just slightly more than the chosen product.

If the price difference is very big the buyer will need to go through a longer buying decision and may postpone the purchase or stay with the chosen product. It is recommended upsell products that cost not more than 25% more than the chosen products.

BEREASONABLE

Page 7: Upselling - Best Techniques | Presentation Slides

Most of good e-commerce platforms

have either built-in upselling tools or some

plug-ins for upselling.

To setup the system you

need to link each item with the corresponding items

and set pages on which the upsell box should be shown.

Usually it is better to show this box on the product

page and on the checkout page.

EMPOWER YOUR E-

COMMERCE

Page 8: Upselling - Best Techniques | Presentation Slides

If you can show all versions of your products or services on one pricing page you can give your clients a clue on to which version they should upgrade.If there are three versions of the product you can add a label 'Basic version' to the cheapest version. The middle version usually is labeled as 'Best value' or 'Most popular', while the most expensive version can be named as 'Most powerful'.

BESTVALUE

Page 9: Upselling - Best Techniques | Presentation Slides

Adding some kind of stimulus can significantly boost your

upselling.

For example, fast food

restaurants offer big fries for just slightly higher price than

the price of small fries. Therefore, the upgrade looks wise for consumers and more big fries are order increasing

the revenue for the restaurant.

ADDSTIMULUS

Page 10: Upselling - Best Techniques | Presentation Slides

Your products is one of the best medium for upselling. Try to mention somewhere on the product that there is a better version of this product and how it is better.Use it as a chance to tell your customers about more enhanced versions of the product and describe in detail all additional features and the benefits they give.

USEINSTRUCTIONS

Page 11: Upselling - Best Techniques | Presentation Slides

Your customers must be prepared to your upsell

offers and you should take care of it on the early stages

of the buying process.This allows your customers to understand their options

and to position them according to the price or

features. In this case your upsell offers

will be expected and have more chances for success.

MENTION ON EARLY STAGES

Page 12: Upselling - Best Techniques | Presentation Slides

Keep your upselling activities limited and don't push them too hard.

Customers don't like to be bombarded with many upsell offers and may start objecting them.Your credibility may drop and you your customers can refuse buying from you at all.

DON’T PUSH IT TOO HARD

Page 13: Upselling - Best Techniques | Presentation Slides

Downselling means offering simpler and cheaper

versions of a product to customers who are not

going to buy the initially chosen product.

This is completely opposite to upselling, but it can

increase sales and brand loyalty.

You need to be very delicate when downselling as you

need to find out your customer's budget and offer

cheaper products without offending the customer.

DOWNSELLING

Page 14: Upselling - Best Techniques | Presentation Slides

READ MORE ABOUT CROSS-SELLING AT WWW.LOGISION.COM

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