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Customer expansion: Grow your bottom line with these AI-powered upsell and cross-sell strategies

Rev

Well, here are some questions you need to consider: How do you know if your customers are ready for cross-sells and upsells? But have you also heard you have a 60-70% chance of selling to an existing customer ? On the other hand, you only have a 5-20% chance of selling to a prospect. What is a customer expansion strategy?

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Adobe Marketing Automation Updates 2023 | Research Brief

ANNUITAS

It is also easier to now have multiple, separately trained models against key criteria like industries, or analyzing new business leads vs existing customers. We will continue to watch how Adobe builds this out as a more cross-functional nurture engine.

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5 Essential Sales Enablement Best Practices to Speed Up Sales Cycles

Act-On

Research finds that over half of organizations report higher-quality leads because they use personas. Here are a few tips for getting started: Complete updated research. Whether you have existing personas or you’re creating them for the very first time, you’ll want to update your research. Create persona profiles. Consideration.

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Understanding the Generational Divide in B2B Decision Making

ANNUITAS

Yes, Millennials are well established as decision makers in B2B companies, and even if not the decision maker, research shows that others are highly likely to seek a Millennial’s input. Aware there are differences, but unsure how to cross the divide. If you’re in the “unaware” stage, it’s time to do your research.

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Challenges with Cross-Selling in Commercial Banking and how Technology can Help

Seismic

When the same respondents were asked their desired rate, 72% answered in the top-tier, as shown in the chart below: In June 2019, Seismic spoke with the AITE Group and American Banker to dig into the underlying issues and share the research group’s findings with an audience of commercial banking professionals.

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What Is Upselling? It’s Not the Sales Tactic You Think It Is

Salesforce Marketing Cloud

Upselling vs. cross-selling Upselling involves upgrading a customer to a more expensive product or service, while cross-selling is about selling complementary add-ons to something the customer has already purchased. Let’s say a customer hires me to do a one-time sales training session.

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Does Your Growth Strategy Need an Intervention?

Vision Edge Marketing

This both protects existing revenue streams and can lead to cross-selling and upselling opportunities, increasing the lifetime value of each customer. By collecting and analyzing customer data, businesses can make informed decisions about their growth strategies. Some of the first business strategies were identified by H.