28. Maximize cross-sell opportunities. Cross selling is the
strategy of pushing new products to current customers based on their past
purchases. Cross selling is achieved by including in your confirmation email
other items they may like, as well as mailers included when the product is
sent.
The essence of any successful cross-selling strategy is recommending the
right product at the right time. To do this, you must have information on
the purchase history of the customer and product relationships. Cross-sell
items in similar price points, or higher priced items.
29. Give customers incentive to buy again from you. Always include
coupons with the package. Customers who have just brought from you are your
best prospects to come back and buy again.
30. Consider return and money-back policies. Having a money back
return policy shows customers that you stand by your product and increases
their confidence in buying from you. It also shows that you care about the
satisfaction of your customer. Specify clearly how the customers should
handle the process of returning the item, and when and how they can actually
expect to get their money back. However, use this feature only if you can
back it up and you are indeed willing to return their money back.
Unless you are selling questionable product, few people will actually
take you up on the offer.
About The Author:
Nach Maravilla is the President and CEO of PowerHomeBiz.com. For
information on starting a
home business visit
PowerHomeBiz.com