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Cross-selling and overselling is a great business idea "business.site"


CROSS-SELLING AND UP-SELLING












Cross-selling means selling additional products to a customer who has already purchased (or signaled their intention to purchase) a product. Cross-selling helps to increase the customer’s reliance on the company and to decrease the likelihood of the customer switching to a competitor. CROSS-SELLING AND UP-SELLIN








The idea of CROSS-SELLING AND UP-SELLIN



An idea that first gained momentum in the 1980s, cross-selling involves firms offering a variety of products and services to customers, then using an integrated selling the process to market this range to existing clients. For example, if customers trust a firm to provide them with health insurance, they may also trust it to provide car insurance. The company can take advantage of this trust by offering both services, and targeting existing customers with marketing schemes.


Internet-based travel agent Expedia offers an impressively seamless and effective example of cross-selling. When customers complete an online order for a hotel or plane ticket, they are presented with a webpage offering them the opportunity to purchase car hire. Low- cost European airline easyJet uses cross-selling on its website, for example, by offering travel insurance to customers in the process of purchasing a ticket.


However, smaller businesses and offline companies needn’t be put off; cross-selling does not need to be a technologically advanced process. Simple integrated sales pitches can be just as effective.





For example, having salespeople mention products when taking an order can encourage customers to make multiple purchases.


Cross-selling is similar to up-selling, although there are some key differences. Up-selling is where a salesperson attempts to have the consumer purchase more expensive items, upgrades, or other related add-ons in an attempt to make a better sale. Up-selling usually involves marketing more profitable services or products. Examples of up-selling are adding side dishes to a food order, selling an extended service the contract for an appliance, and selling luxury finishing on a vehicle.





In practice CROSS-SELLING AND UP-SELLIN



• Ensure the profit from the extra items covers the cost of the time spent selling them.


• Educate the sales staff to ensure they have a full understanding of the products they are offering.


• Plan which products to offer to which customers. As with any sale, integrity, and honesty (even straightforward openness)


usually, work best.


• Only attempt to sell products that are clearly linked to a specific purchase the customer has made. This ensures the marketing

pitch is more appropriate and less opportunistic

The following articles should be taken into consideration

What's the difference between upselling & cross-selling ...
8 Ways to Cross-Sell/Upsell Customers with Search & ...
What Is Up-Selling & Cross-Selling? | Small Business - ...
How to Upsell & Cross-sell? Strategies To Boost revenue - VWO
6 Tips to Learn How to Upsell and Cross-Sell - HubSpot Blog
Cross-Selling and Upselling: The Ultimate Guide - HubSpot ...
What the Difference Between Cross-Selling & Upselling ...
Cross-sell vs. upsell. Which strategy is better? - PushPushGo
Cross-Sells and Upsells: What is the Diff? - Elastic Path
CROSS-SELLING AND UP-SELLIN

Some external links for more knowledge

https://www.bigcommerce.com/ecommerce-answers/what-difference-between-upselling-and-cross-selling/
https://www.wordstream.com/blog/ws/2018/05/30/cross-selling-upselling
https://smallbusiness.chron.com/upselling-cross-selling-23812.html
https://blog.hubspot.com/service/upsell-and-cross-sell
https://vwo.com/blog/use-upsell-cross-sell/
https://study.com/academy/lesson/what-the-difference-between-cross-selling-upselling.html
https://pushpushgo.com/en/blog/cross-sell-vs-upsell/
https://www.elasticpath.com/blog/defining-cross-sell-upsell
https://fielo.com/2020/06/09/how-to-increase-cross-sell-and-up-sell/

https://www.livehelpnow.net/blog/cross-selling-upselling-6-tips/
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