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Upselling to Loyal Customers
Written by: Will AtkinsonArticle Overview: Upselling at the POS is a known tactic, and when done properly can be very profitable, but how can you leverage this idea deeper into your customer database to enhance loyalty and profits?
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Upselling to Loyal Customers
Upselling is a great way to move new and innovative products and to pad your bottom line at the same time, but there's more to it than just offering specials and complementary products at the checkout. Use your customer database to mine the purchasing history of your best customers, and then make them special offers for your typcial upsell products.
Instead of waiting until they come into the store, put together a special campaign (or even a "Preferred Customer Day") in which you offer your loyal customers a discount on some or all of the upsell items to thank them for their loyalty. Maybe they always purchase the same types of items, but you think they would like another line of your products if only they would try them. Then help them try them! Give them a sample or a promo price and a special invitation. If your hunch is correct, they'll not only buy more from you, they'll appreciate your thoughtfulness and become even more loyal.
This may seem like a simple tactic, but leveraging your upsell ideas with your customer purchasing history can open new avenues for sales of upsell items, increasing profits and customer loyalty.
Article Tags: bottom line, checkout, complementary products, customer database, customer day, customer loyalty, hunch, innovative products, invitation, loyal customers, nbsp, new avenues, preferred customer, profits, special offers, tactic, thoughtfulness, upselling
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About the Author: Will Atkinson RSS for Will's articles - Visit Will's website Will Atkinson has spent his entire career dealing directly with small retailers to solve their technology problems, especially point of sale and inventory control issues. Will manages CAP Software, a specialty POS software company dedicated to providing the finest in retail POS applications for small and medium retailers. Learn more about CAP at www.capretail.com or contact me at will@capretail.com. His expertise extends to customer service issues, usability and workflow properties, and other retail best practices. Will helps retailers understand business problems in order to provide a solution that saves time and money, commodities that are limited for everyone. Click here to visit Will's website Upselling to Loyal Customers Retail Costing FIFO LIFO Average COST Retail Security More on Upselling The Power of Gift Cards |
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