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Sometimes upselling will make you the most money, sometimes
cross selling will. What’s the difference between these two
and which technique should you be using? Read on to find out.
What’s the Difference Between Upselling and Cross Selling?
Upselling is when you’re selling a higher priced product.
For example, if you sold a $20 product and you’re upselling to
a $200 product, that’s now an upsell.
On the other hand, if you sell a related but similar priced
product, that’s a cross sell. For example, if you purchase a
business book on Amazon, they might try and sell you another
book similar to yours - That’s a cross sell.
One great example is VistaPrint. All throughout the
checkout process, they’re cross selling you. Would you like
color? Would you like printing on the back? Perhaps a glossy
coating?
At the end of the process, they’ll proceed to try and
upsell you to another bunch of products. VistaPrint, Amazon
and GoDaddy are all great examples of businesses that have
mastered the art of cross selling and upselling.
When Should You Upsell and When Should You Cross Sell?
In general, upselling is great when you have space. For
example, if you have an entire thank you page to make an
offer, you should use that space to upsell.
On the other hand, cross selling is great for “impulse buy”
options. For example, if you just sold a $200 DVD program, you
might as well check add a checkbox that cross sells a $30
option to have a transcript as well.
Upsells will generally make you more money, since a
conversion is worth so much more. Cross sells are great for
utilizing extra space or places where you would otherwise not
be making money from anyway.
In other words, don’t waste prime real estate on selling
another $10 product - Use it to sell a $200 product. If you
have extra space however, but not enough space to sell a
higher ticket item, then use that space to cross sell.
Split Testing
The question of when and where to upsell and cross sell all
fall under the golden rule in online marketing: Split test it.
In truth, you really don’t know what’s going to work and
what’s not. It’s entirely possible that cross selling will
make you more money than upselling. Or that having any cross
sells at all reduces your upsell rate, meaning you make less
money than if you just upsold.
There’s no way to know except to split test meticulously.
Upselling and Cross Selling
As you can tell, both upselling and cross selling can add a
lot of money to your bottom line. If you’re not doing both
already, get started today.
More Articles On Effective Backend Sales Offers:
4 Places to Sell Your Back End Products
6 Money Making Ways to Package Your Products
Increase Your Profits 30% With a Thank You Page Upsell
How to Sell Backend Products Without “Selling”
3 Backend Strategies
Get To Know Your Backend
Backend Sales are More Valueable Than You Think
Parallels in Backend Sales Strategies
Understanding Backend Sales Is Like Riding a Bike
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