Udemy
    •  
    •  
    •  
    •  
    •  
    •  
    •  
    •  
Turn what you know into an opportunity and reach millions around the world.
Learn More
Your cart is empty.
Keep shopping
The Power of Upselling, Side-Selling and Down-Selling
Rating: 4.3 out of 5(22 ratings)
1,057 students

The Power of Upselling, Side-Selling and Down-Selling

A real win-win for everyone
Last updated 10/2024
English
English [Auto],

What you'll learn

  • What is upselling and how can merchants increase profits while enhancing customer experiences?
  • How does cross selling make more money for the merchant?
  • How is down-selling a win/win for the merchant and the customer?
  • What you should not do when upselling, cross-selling or down-selling.

Course content

2 sections87 lectures2h 11m total length
  • Introduction1:26

    Learn how upselling and down selling boost profits while enhancing customer value, with examples from restaurants and airlines and strategies for offering better, basic, or discounted options.

  • What is upselling and how can it benefit my customers and me?1:57

    Upselling increases a buyer's value by offering meaningful upgrades and extras. Examples include airline upgrades, premium add-ons, extended warranties, and expedited shipping that benefit customers and boost profits.

  • An example of helpful upselling1:06

    Learn how smart, helpful upselling can add value for customers, using a car lease example where offering an insurance policy covers dings and scratches common in city driving.

  • More examples of upellling1:41

    Explore how upselling, side-selling, and down-selling appear in everyday settings—from theater concessions to hotel packages and car upgrades—highlighting upgrades, bundles, and value labels.

  • What not to do in the upselling process2:24

    Avoid pushing upgrades that are overpriced or unnecessary; focus on timing and trust to build long-term relationships, keeping upgrades within 25% of the original price.

  • Don't engage in vanity upselling1:06

    Avoid vanity upselling by not stroking the customer's ego or pressuring them into higher-priced, unnecessary options; instead, understand their needs and budget to guide appropriate recommendations.

  • Use positive reviews in the upselling process1:48

    Use positive reviews to bolster upselling by highlighting what customers liked and the benefits they gained, leverage brief video testimonials, and address negative feedback to improve products and service.

  • Create scarcity and exclusivity in upselling1:07

    Create scarcity and exclusivity to boost upselling by signaling limited availability or expiring offers, tailor your pitch to urgent needs, and highlight time-limited discounts to entice action.

  • Be empathetic when creating product scarcity1:17

    Learn to address scarcity and exclusivity with empathy by understanding customer frustration, explaining the reasons behind limited availability, and offering options that resolve concerns and preserve satisfaction.

  • How should you deal with upsell resistance?3:18

    Address customer resistance by tailoring your presentation to price, need, and trust, and by rescheduling or finding the decision maker. Focus on clear value and benefits to build trust.

  • How do I know if a customer is resistant to an upsell and what should I do?3:18

    Handle customer resistance to upsell by addressing price, perceived need, trust, timing, and engagement; tailor your presentation with relevant testimonials, ask questions, and build trust by emphasizing value and benefits.

  • Always make a follow up call to your customer1:05

    Follow up with customers two to four months after the original sale to assess satisfaction and present new accessories that enhance the product and support upselling and cross-selling.

  • You can take no for an answer1:07

    Recognize customer objections and educate them about your offering, clarifying misconceptions and explaining why your product serves their best interest.

  • What is side selling or cross selling?1:31
  • What is the difference between upselling and cross selling or side selling?1:28

    Learn how upselling and cross-selling increase sale value and customer satisfaction by guiding customers to higher priced items or suggesting useful add-ons, making good products even better.

  • Great examples of side selling or cross selling1:43

    Explore how side selling and cross selling use consulting, training, maintenance, and discounted add-ons to boost merchant revenue.

  • What not to do in cross selling or side selling1:46

    Avoid cross selling beyond the customer's budget, don't push unwanted products, and focus on what they need; edit to three smart complementary items and ask incisive questions.

  • More things NOT to do in cross selling or side selling1:23

    Prioritize listening to customer needs, asking smart follow-up questions, and avoiding pushy pitches. Simplify the deal, avoid unnecessary products, and walk away when trust fails.

  • What is down selling?1:38

    Describe down selling by offering a discount or a scaled-back version of the product to customers who can't afford it, balancing price, value, and customer needs.

  • Additional examples of down selling1:28

    Explore additional down selling strategies like buy one get one free, installment plans for big-ticket items, and budget friendly options, plus price matching, subscriptions, and add-ons for affordable choices.

  • More smart ideas about down selling1:16

    Discover down selling ideas by offering the same product with fewer features and bundled, discounted options, and leveraging time-limited offers to create urgency.

  • When it comes to sales, one size does not fit all1:16
  • A key to side selling success: know your customer1:39

    Know your customer by identifying needs, desires, and challenges, then tailor offerings to meet their individual needs. Demonstrate value with relatable success stories, empathy, and strategies that build long-term loyalty.

  • Always tell a story in sales1:56

    Learn to boost upselling and cross-selling by telling compelling stories that connect to customers' needs, using narrative examples and memorable scenarios that guide purchasing decisions.

  • Selling is more than selling1:03

    Discover how selling extends beyond goods and services to persuade investors, attract top talent, engage partners and media, showing 40% of business time spent selling.

  • How to train your customer to NOT wait for a sale2:12

    Learn down selling strategies, offer year-round fair pricing, and use loyalty programs to encourage purchases without waiting for sales, highlighting instant gratification and stock availability.

  • What stops some customers from buying?1:02

    Learn why customers don't buy and how a confident, caring salesperson makes it financially comfortable to purchase by offering discounts, coupons, or a break on future purchases.

  • Develop 50 Q&As customers will ask you1:35

    Develop 50 questions customers will ask and 50 compelling answers that guide them to buy. Practice with colleagues, record sessions, and refine your question-and-answer approach to educate and engage.

  • About me0:23

    Learn how to craft and communicate powerful personal messages, identity, values, beliefs, and why others should care, for small business operators, C-suite executives, and people just starting out.

Requirements

  • There are no requirements or prerequisites for this course.

Description

This course is about three sales techniques that will increase profits while at the same time enhance customer experience.

They are upselling, cross-selling, and down-selling.

Upselling is when a sales person encourages their client to purchase the more expensive or premium version of the product they’ve selected. The sales person must reassure the client that by buying that upmarket product, they are getting better features and benefits that will enhance their experience with the product they just bought. The intelligent sales person is always pointing out how this is good for the customer. This process will increase the total value of the transaction for the seller, too.

Cross-selling is when a complimentary product is suggested to go along with the main purchase. For example, if a customer buys a smart phone, the sales person might suggest a protective case to go along with the phone. The idea is to give the customer peace of mind that their newly purchased product will be protected if the phone is dropped.

Down-selling is about suggesting a lower-priced option when a customer is concerned about the cost of the higher-priced item. An example would be offering last years car model instead of this years.

In all three cases, everyone is pleased. The merchant is increasing revenue while the customer genuinely feels they are getting an enhanced experience from the transaction.

The term “win-win” is often thrown around a little too loosely, but in these three styles of selling, everyone walks away with something better.

What upselling, cross selling and down selling is not is high pressure, brow beating, or bullying a customer into buying or up grading their purchase.

All customers must truly walk away feeling they made the right move for themselves while merchants upped their profits by helping their customers.


Who this course is for:

  • Anyone who is in business who wants to increase revenues while enhancing customer experience