Monday, 16 April 2012

Increasing Average Dollar Purchase


I gave you an example earlier on about the advertising account
director  who  was  able  to  convince  his  clients  to  increase  their
advertising budget. How? Because he showed them that by investing
an extra $300,000 in advertisements, they would be able to generate
$600,000 in additional profi ts. If you can show your clients that their
investment in your product will reap great returns, they will spend
more.  So what can you do in your company? Maybe you can:


  • l  Bundle several products in a package
  • l  Create a ‘buy three get one free’ promotion
  • l  Up sell & cross sell
  • l  Educate your customers on your entire range of services
  • l  Do  a  complete  needs-analysis  to  fi nd  out  how  you  can  add even more value  (remember  the example  I gave you about  the insurance agent?)... and the list goes on.

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