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  • Casual Articles - Cross Selling

    Other People's Products Can Make You Rich
    Although there are advantages to selling your own proprietary products and services, there are also drawbacks. For example, the time and investment required to produce your own book, invention, or other product could mean a long delay in receiving profits and cashflow essential to your business survival.For this reason, you may decide to sell other people`s products and services, either exclusively, or to complement your own product line.You could stock an entire retail store with products, buy a franchise or other business, or obtain
    the salesperson cross-selling opportunities, and in some cases even provide the salesperson with the words to say.

    Yet once again, research shows that even giving salespeople the words to say has increased cross-selling by only a very small percentage. Why?

    Simple – selling is still very much a human face to face activity, and as such buyers are motivated by emotional feelings as much as by logic. The logical relationship between products and services can be totally overridden by the feeling that you ar

    Job Posting Online Plays a Significant Role in Recruitment Today
    Have you ever heard of the BBS or the Bulletin Board Job Posting Online System? This is how the early stage of the Internet looked like. This works like your regular bulletin board. Messages are posted and postings are just plain text. But even during this early stage, jobs were one of the most common posts that could be found on the on-line board.The internet became widely accepted worldwide because it offered convenience and connectivity solutions enabling you to communicate with anybody from anywhere around the world in a matter of minutes and a few cli
    When I was sixteen and still at school, I worked in a department store on a Saturday. Cross selling was made easy for me then. For a while I worked in the menswear department. Someone came in to buy a shirt, and because all the related goods were displayed next to each other it was straightforward to ask whether the customer wanted a pair of cuff-links or a new tie to go with the shirt. If they bought a tie, the next cross sale was to suggest they also buy a spot-cleaner for the tie. A friend of mine worked Saturdays in a DIY store. Similar rules applied. Someone bought a tin of paint, and the cross sale opportunities were perhaps a paint brush; a brush cleaner; or even one of those implements to help keep lines straight. The basic rule to cross-selling then were - if you have a number of products to sell, group them together so that the customer doesn’t have too much of an effort in seeing the relationship between your products. That’s not to say that it will happen. Often the customer needs to be told about the relationship and have the idea planted verbally that they could buy more than what they originally came in for.

    40 years later and the same rules apply. Trading on the Web has even made it possible to display not only your own diverse product range on the same page, but also relationships and partnerships with other companies. Yet research shows that simply because goods are displayed together does not hugely increase buyer behaviour.

    Cross-selling from the sixties has evolved into CRM (customer relationship management) in the 21st Century. The theory is that the more products organisations sell to customer; the lower is the probability that the customer will buy elsewhere, and the more profitable that customer relationship will be.

    CRM systems make it easy for the salesperson to identify additional sales opportunities. The first product a customer buys adds to the customer database of knowledge the company has about the buying habits and profile of the customer. If it’s a really sophisticated CRM system it will flag up to the salesperson cross-selling opportunities, and in some cases even provide the salesperson with the words to say.

    Yet once again, research shows that even giving salespeople the words to say has increased cross-selling by only a very small percentage. Why?

    Simple – selling is still very much a human face to face activity, and as such buyers are motivated by emotional feelings as much as by logic. The logical relationship between products and services can be totally overridden by the feeling that you are

    The Shy Business Owner
    Can you really own your own business if you're shy?The short answer is: yes, of course you can.In reality, though, you need to do some soul-searching before embarking on the journey to business ownership.One of the most important aspects of owning and running a business of your own is getting along with many different personalities. Business owners need to develop working relationships with a variety of people including customers, vendors, staff, bankers, and professionals such as lawyers, accountants, or consultants.Do you believe you w
    s in a DIY store. Similar rules applied. Someone bought a tin of paint, and the cross sale opportunities were perhaps a paint brush; a brush cleaner; or even one of those implements to help keep lines straight. The basic rule to cross-selling then were - if you have a number of products to sell, group them together so that the customer doesn’t have too much of an effort in seeing the relationship between your products. That’s not to say that it will happen. Often the customer needs to be told about the relationship and have the idea planted verbally that they could buy more than what they originally came in for.

    40 years later and the same rules apply. Trading on the Web has even made it possible to display not only your own diverse product range on the same page, but also relationships and partnerships with other companies. Yet research shows that simply because goods are displayed together does not hugely increase buyer behaviour.

    Cross-selling from the sixties has evolved into CRM (customer relationship management) in the 21st Century. The theory is that the more products organisations sell to customer; the lower is the probability that the customer will buy elsewhere, and the more profitable that customer relationship will be.

    CRM systems make it easy for the salesperson to identify additional sales opportunities. The first product a customer buys adds to the customer database of knowledge the company has about the buying habits and profile of the customer. If it’s a really sophisticated CRM system it will flag up to the salesperson cross-selling opportunities, and in some cases even provide the salesperson with the words to say.

    Yet once again, research shows that even giving salespeople the words to say has increased cross-selling by only a very small percentage. Why?

    Simple – selling is still very much a human face to face activity, and as such buyers are motivated by emotional feelings as much as by logic. The logical relationship between products and services can be totally overridden by the feeling that you ar

    Criminal Justice Careers
    A career in criminal justice begins with the right kind of educational background and training. Practitioners are expected to show expertise in law enforcement, administration, criminal psychology and sociology, forensics, among others.Training for a Career in Criminal JusticePersons interested to get a career in the field of criminal justice need to earn the appropriate degrees. Like in any profession, an individual may opt to undergo an undergraduate program or get a master’s degree in an area of specialty.Students may take classroom lectures
    and have the idea planted verbally that they could buy more than what they originally came in for.

    40 years later and the same rules apply. Trading on the Web has even made it possible to display not only your own diverse product range on the same page, but also relationships and partnerships with other companies. Yet research shows that simply because goods are displayed together does not hugely increase buyer behaviour.

    Cross-selling from the sixties has evolved into CRM (customer relationship management) in the 21st Century. The theory is that the more products organisations sell to customer; the lower is the probability that the customer will buy elsewhere, and the more profitable that customer relationship will be.

    CRM systems make it easy for the salesperson to identify additional sales opportunities. The first product a customer buys adds to the customer database of knowledge the company has about the buying habits and profile of the customer. If it’s a really sophisticated CRM system it will flag up to the salesperson cross-selling opportunities, and in some cases even provide the salesperson with the words to say.

    Yet once again, research shows that even giving salespeople the words to say has increased cross-selling by only a very small percentage. Why?

    Simple – selling is still very much a human face to face activity, and as such buyers are motivated by emotional feelings as much as by logic. The logical relationship between products and services can be totally overridden by the feeling that you ar

    Branding Blunder—Creative Technology's Mistakes
    Recently I was interviewed by Marketing Magazine, a local magazine in Singapore that keeps close tabs on the marketing strategies companies of all sizes use to reach out to their consumers. I thought that this is an excellent case study of how important positioning, branding and marketing are for your business.For their feature story on Branding, the magazine asked for my comments on Creative Technology’s (renowned for its sound card and MP3 players, and most recently for its legal tussle with Apple) branding efforts. While I’m a fan of Creativ
    t) in the 21st Century. The theory is that the more products organisations sell to customer; the lower is the probability that the customer will buy elsewhere, and the more profitable that customer relationship will be.

    CRM systems make it easy for the salesperson to identify additional sales opportunities. The first product a customer buys adds to the customer database of knowledge the company has about the buying habits and profile of the customer. If it’s a really sophisticated CRM system it will flag up to the salesperson cross-selling opportunities, and in some cases even provide the salesperson with the words to say.

    Yet once again, research shows that even giving salespeople the words to say has increased cross-selling by only a very small percentage. Why?

    Simple – selling is still very much a human face to face activity, and as such buyers are motivated by emotional feelings as much as by logic. The logical relationship between products and services can be totally overridden by the feeling that you ar

    Advertising Specialty Products
    Just gaze around and check how many products carry a brand name, message or logo of a company—you will see a lot. There are plenty of these products that we use in our everyday lives. Advertising Specialty Products are the best way to build a corporate image and create brand recall. Whether it is for a short-term goal like sale boosting or long-term goal like creating a brand image, Advertising Specialty Products are suited for all the tasks. They can also be used as a medium to motivate or inspire the employees within the organization.These Advertising Spe
    the salesperson cross-selling opportunities, and in some cases even provide the salesperson with the words to say.

    Yet once again, research shows that even giving salespeople the words to say has increased cross-selling by only a very small percentage. Why?

    Simple – selling is still very much a human face to face activity, and as such buyers are motivated by emotional feelings as much as by logic. The logical relationship between products and services can be totally overridden by the feeling that you are being sold to or that the salesperson is being less then honest in his or her desire to sell you something you didn’t appear to want at the outset.

    Retailing should be relatively easy. Your goods are on display. The customer buys something and the relationship between the other products on display is understandable to you both. Therefore a confident suggestion about the relationship often works.

    • If your business is more complicated, or your goods are not in the customer’s face (you might not have retail premises) then you need two things:

    A story which includes your full range and explains how they are related, and/or Customer databases which highlights the relationship – but which should still rely on the story in point 1.

    • If you have a database be careful about telling the customer how much you know about them. Imagine you buy your cigars at the same tobacconist every week to be told – ‘I see that you’ve bought our product seven times this year, and yet my database reveals that you don’t smoke’.

    No matter what you know about the customer it’s still better to have them tell you verbally in answer to a question. All of us like talking about ourselves, no matter how much the other person already knows about us.

    It is clear that in a competitive marketplace it will be the people who can sell more to each customer and effectively stop the customer buying from the competition who will survive. The future appears to be that in marketplace where the rules of specialism seem no longer to apply that your specialism could become a competitor’s cross-sell. So we either form commercial relationships with other supplies, or we run the risk of them supplying our specialism.

    I was in a German coffee-shop in the UK the other day that also sold clothes and kitchen accessories. I haven’t worked out the relationship or indeed the story – but people were buying. Cross-selling has moved into a new arena!

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