Guide: All you should know about upselling
Are you looking to know more about upselling? This article’s for you to read to know more!
What is upselling?
Upselling is a sales technique that encourages customers to spend more money on a product or service. Upselling can be done in person when you’re selling products, or online, for example on ecommerce websites.
Upselling is often considered the opposite of cross-selling (which is selling additional products related to the one you’re currently selling). For example, if you’re buying a pair of shoes from an online store, the site might suggest adding insoles to your order.
Why is upselling important?
The most important reason for upselling is to increase revenue!
It’s no secret that most people don’t buy everything they need in one visit to a store. They buy some things and come back for more later.
That’s why upselling is so important: It increases the number of customers you have who buy from you again and again. And if they come back often enough, they will spend more each time they return, which means more profit for you.
Difference between Upselling & Cross-selling
Upselling and cross-selling are two marketing terms that are sometimes used interchangeably. However, there is a difference between the two and you need to understand the difference so that you can use them appropriately.
Upselling
Upselling is the process of selling customers higher-priced products or services. For example, when you are buying a book from Amazon, it may suggest other books related to the one you are buying. This is an example of upselling, where Amazon is trying to increase its sales by suggesting other products that might interest you.
Cross-selling
Cross-selling is also referred to as ‘bundling’ or ‘cross merchandising’. It involves offering related products or services to customers while they are purchasing a primary product or service. For example, when you visit an electronics store like Best Buy, they will show you other products that they think would interest you based on what you’re currently looking at.
How to upsell?
There are two main types of upsell techniques:
Upselling during checkout. The customer is in the buying mood, so they’re likely to buy more if you offer them the opportunity.
Upselling before checkout. You can offer something complementary or cross-sell another product when they’re browsing around your site, or even send them an email after they’ve made their purchase asking if there’s anything else they might like.
What is Cleever?
Cleever is a free online service that enables e-commerce businesses to earn an additional £5 on every sale.
How it works
- Choose the services you want to display. You can choose which premium services to display at checkout, tailored to your shopper’s needs and brand style.
- Offer shoppers financial incentives for choosing premium services. Each service comes with incentives for the shopper applied at no cost to you.
- We will pay you up to £5 commission on each service you display, on every transaction. Generate up to £5 additional profit per transaction while driving consistent value for clients.
Cleever can be integrated into your site in a few clicks, without any coding required. Our simple integration means that Cleever will automatically update, so you’ll always have the latest version of our payment solution to offer your customers. Contact us for information on integrating Cleever with other CMS platforms.
Contact:
Phone: 020 4586 2047
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Sat-Sun, 11 am – 5 pm
https://www.linkedin.com/company/cleever-checkout/