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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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Eight Tips for Integrating Cold Emails in B2B Marketing in 2024

Webbiquity

Work on Building Credibility To demonstrate your brand’s worth in the recipient’s eyes, include case studies or testimonials from other clients you’ve helped. Building credibility in this way is not only a direct selling tactic, but also a great way purely to craft a strong brand narrative of an industry-expert organization.

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5 SMART sales goals and how to achieve them

Seismic

By creating clear goals, managers can get sellers on the same page, making it easier to measure performance and, of course, hit your sales targets. M easurable: Each goal should be quantifiable, allowing it to be tracked and assessed over time. The goal is specifi c , with a focus on up-selling existing customers.

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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. Instead of selling just one training session, I have the potential to sell four.

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6 Email marketing templates that drive results

Sprout Social

Maximizing revenue with upselling, cross-selling and re-engagement. With email marketing, you’re doing more than selling. Then track the open and click-through rates to see which emails generate ROI. Launching a course requires gaining the trust of complete strangers. So the real question is, why not?

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How to Measure M&A Success

Hinge Marketing

For instance, if your expected outcome is access to a new market, you’ll likely want to keep an eye on regional sales and indicators of increased visibility in that region. If, on the other hand, you bought a firm to add new expertise to your portfolio, you’ll want to monitor interest in and sales of those services, of course.

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25 SaaS KPIs To Start Checking For Optimized Business Performance

accelerate agency

Because of this, it’s perhaps more essential to track and monitor SaaS KPIs and metrics than it might be with other business types. Keeping a close eye on the number of customers you lose lets you quickly identify issues. It can also be used to track up and cross-selling, new sales, and contract renewals.