16/06/2022
Cross-selling and upselling - have both.
In order to have a complete strategy, brands need to have methods of both cross-selling and upselling.
Hubspot has a great analogy to help explain this. If you’re a burger joint, your upselling opportunity would be enhancing and upgrading your burger with bacon, extra toppings, special bun, etc, for an additional fee. 👀 Chipotle and their gauc anyone?
You’re not selling them something else, but enhancing the existing product. This is upselling. The issue with upselling is that not everyone needs the enhanced/advanced/or premium version of what you’re offering.
Cross-selling, on the other hand, opens new opportunities for everyone. Cross-selling for your burger would be adding on french fries and a drink for a more complete meal, building around your existing product.
There’s an important distinction between cross-selling and simply adding on another offering. Cross-selling works in conjunction with a single product/service, broadening and improving that specific offering or experience. Be mindful that you’re effectively cross-selling and not simply adding in additional products, as not everyone needs additional products or services, but everyone can benefit from an improved offer/experience.
What opportunities do you have to cross and upsell?