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November 17th, 2008
Cross-Selling for the HolidaysOur “gift” of holiday advice may help you increase your sales You may have heard once or twice that the holidays are the season of giving, but given the current market, you should probably rely a little less on consumers’ giving spirit and a little more on tactics that can give you an edge. Which is why — in the spirit of giving, of course — we wanted to share some cross-selling tips from Laurie Briggs of Yahoo! Small Business that any of our online retailers should be able to use. Below you’ll see some of Laurie’s advice. For all of it, read the full article on the Yahoo! Store Blog. And watch this blog for a series of articles about beefing up your search marketing for the holidays. Add-ons If you sell products that require batteries or other accessories, add them as a cart cross-sell for those products. This way, once someone has made that first step towards purchasing, you can offer them a product that they’re going to need anyway — and they might as well buy it from you! In the case of batteries, even if they don’t need them for something they bought at your site, it may remind them that they didn’t buy batteries for a previous purchase at another store and baddabing! — you’ve just increased your order size by several dollars. Product pairs Last Christmas, it seemed like every kid who wanted a Hannah Montana doll also asked for a High School Musical doll (my four nieces with the same gift request has got to be a pattern!) but auto-suggestions can’t predict what new items will be hot together this year. For your newest items, go to a brick and mortar store and see how they are merchandising. Also, keep an eye on your first few orders — they will help you determine some dependable cross-sells that you can set up using cross-sell rules. Once your sales of these items are on a roll, you can opt to auto-suggest only. Unique products During the holidays, shoppers are looking for a range of gifts for a range of people. Shoppers also tend to be much more open to suggestions, unlike other times of the year when they tend to focus on a particular purchase. Think about it — how many relatives do you have to buy for? Wouldn’t it be great if you could get shopping done for multiple people at just one store? And for how many of them do you have no clue what to get? Shoppers are intent to buy, but not necessarily intent to buy one particular item, and the suggestions you give can be quite welcome to a shopper in a gift-giving conundrum. — The Team |
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3 Comments Add your own
1. Nick Stamoulis | November 18th, 2008 at 8:28 am
I agree with the situation with the batteries. Great opportunity. To generate some much needed sales you could always offer free batteries with purchase of item to get people moving.
2. Brent | November 19th, 2008 at 8:30 am
I’ve always had good success with offering both comparable products from other brands (i.e. cheaper versions of what they were looking for) alongside any potential up-sells that are available (i.e. the “deluxe model”). You’d be surprised how many sales you’ll get from users who first landed on the product you’re promoting only to be funneled into the cheaper (sometimes ‘generic brand’) model. Same goes with the up-sell opportunity. “If you like product A, then you’ll love product A+, now with added features.” In A/B testing, i went 19/23 for landing page leads into knockoff or upsell purchases for one promotion (comparing all 23 product pages against one’s without the upsell/generic suggestions)… the 4 that didn’t see any increase were most likely because of the product itself (they were vanity products where the brand name played a critical factor in its purchasing power)
3. Richard Vanderhurst | May 9th, 2009 at 3:12 am
One great post! this has truly helped a lot last holiday season…
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