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Upselling with Complementary Items
Written by: Will AtkinsonArticle Overview: Increase "same customer" sales with creative packaging and upselling with complementary items.
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Upselling with Complementary Items
Is marketing too expensive? Even if you think it is, it's too expensive NOT to market, but there are other things you can do to help increase sales without spending your entire budget on marketing efforts.
Take a close look at your inventory. Can you identify items that go well together, or are commonly bought together? For example, in a home goods store, customers might be likely to buy a new teflon lined skillet, and a new silicone spatula together. But, some busy customers might just grab the new pan and head for the checkout line. Making it easier for them to associate the two complementary items will increase your chances of a bigger sale.
You can do this in a couple of different ways. You can simply place the items close together on the shelves or racks, or you can take it a step further and actually put together kits and repackage the items to make a new "Kitchen Helper" line of kits and promotional items. You can give a small discount on the pair of items that will entice buyers, but not impact your profits significantly.
You can also set up displays that offer advice on how specific items are used, and what items go along with them. In a hardware store, you could have a tutorial display on trim installation and repair, so you could inform your customers on the best techniques for that application, as well as which tools and materials are necessary. This demonstrates your expertise and it also helps the customers easily find everything they'll need to complete their project easily, without making multiple trips to the store or having to pay a contractor to come out.
If you can help your customers find the things they need, without having to ask or look around, they're likely to buy more items and reward your effort with loyalty. Let your product knowledge extend to product placement and increase sales at the same time.
Article Tags: budget, checkout line, different ways, hardware store, home goods store, kitchen helper, loyalty, marketing efforts, product knowledge, product placement, profits, promotional items, shelves, silicone, skillet, store customers, teflon, tools and materials
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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 Competition in Tough Times Inventory Profitability Efficient Inventory Reducing Shrink Social Media and You |
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