Wednesday, October 7, 2009

Why Upsell Marketing Matters

Far too many companies spend a king’s ransom acquiring a new customer, then seemingly forget about them once they have made their purchase. This is a classic mistake and one that ignores the immense possibly provided by existing customers. Upsell marketing to existing customers is one of the most cost effective ways to generate revenue and represents a chance to get terrific ROI on a relatively small investment.

For one thing, with upsell marketing, there is no need to engage in customer mining, list buying or other expensive practices associated with new customer acquisitions. If you have kept good records on your existing customer base, reach out to them with a new offer for a more expensive product should be a snap.

Also, provided that you have treated your existing customers well over the years, they shouldn’t need to be convinced about the benefits associated with what you have to offer. If they have had a good experience with your company, getting them to buy additional (or more expensive) products and services should be a snap – provided that you reach out to them with an effective upsell marketing campaign.

Always remember that upsell marketing is a sensitive business. While it is important reach out to your existing customer base in order to execute the upsell, you must never become intrusive or risk alienating these valuable leads in any way. Always lead your messaging with a “thank you” for their patronage in the past, and explain that the offer presented is a “special” chance for valued customers to take advantage of lower prices or an exclusive opportunity.

Wilen Direct combines the latest technology with traditional direct marketing techniques to help your business maximize ROI with effort marketing effort. Visit www.wilendirect.com today to find out how you can create an effective upsell marketing campaign that gets results!

0 comments:

Post a Comment