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Add You - The Power of Upselling, Tips and Examples
Invoice Factoring - How to Improve Cash Flow ets say your selling an autoresponder service. Your first version can simply be a free or low cost web based service--the 'bronze version'Factoring invoices allows you far greater flexibility to access your outstanding debts and improve your cash-flow. This improved cash-flow can be used for any normal business activities such as:Better working capital (startups and mature businesses) Additional sales ledger management Capital intensive projects Acquisitions Financing rapid growthInvoice Factoring often allows greater access to funding for companies where funding can traditionally be harder to access because of the age of your business or the lack of Your first version has only one set back, it contains (your) advertisements in each mailing.. So you can offer the same web based service with out the advertisements as an upgrade for only $20/mo more. This could be your 'silver package' Then taking this a step further, you ca Team Building: Why Can't Rationals Get Along? Before I get into how Up-Selling can benefit you and your sales, let me answer the question:When team members clash, disaster strikes. Project deadlines are missed, HR referees team members, the boss is angry for a week, and the raises everyone expects vanishes in the face of discord.Which personality stimulates the highest stress levels in a project meeting? Hands down, it has to be the Rational. They love to be in charge and tell everyone what to do.RationalsRational personalities make up 5-7% of the population and create quite a stir for being such a small group. These personalities like to be in charge a What is an Up-sell? An up sell is when a customer is ready to order a product, or already has ordered a product from you, then you immediately offer a complimentary product. This is the most common example of a perfect upsell: You go into your local fast food restaurant , (Burger King, McDonalds, etc.) your hungry and want to get something to eat. Your standing there looking at the selection, first you check out the 99c value menu, but it's something about the smell of the frying burgers and fresh French fries that entices you to start looking at the main combos and promotions. You see something, and you think "hey that's a great deal", especially for how hungry you are. Your the next one in line, so you walk up to the cashier ready to buy and say "Combo Number 3 please." And right before the cashier rings you up, s/he kindly ask "would you like to 'Up-Size' that combo for just .59 cents? You think, "Yumm, more of those delicious fresh fries and more tasty soda to drink with my meal, all for just an extra 59 cents." What a bargain, especially since your so hungry. So you kindly say sure, I would like to 'Up-Size' my combo. How many of you have been in this situation? It's a safe bet that almost all of you have...guess what.. you had just experienced yet another up-sell..and all you wanted to do was get something to eat ^_^.. Ok, Ok, now ...How can you use this method of marketing to benefit Your sales? Well, there are a few ways you can approach this. First, You can offer different versions of your product or service. For instance, lets say your selling an autoresponder service. Your first version can simply be a free or low cost web based service--the 'bronze version' Your first version has only one set back, it contains (your) advertisements in each mailing.. So you can offer the same web based service with out the advertisements as an upgrade for only $20/mo more. This could be your 'silver package' Then taking this a step further, you can How Strong is Your Network ry and want to get something to eat. Your standing there looking at the selection, first you check out the 99c value menu, but it's something about the smell of the frying burgers and fresh French fries that entices you to start looking at the main combos and promotions.I often hear clients and colleagues say that they wish they lived in or closer to a big city that offers many networking opportunities.I count myself fortunate to live in such a city—and one that has a strong entrepreneurial presence—that offers countless networking opportunities. But to tell you the honest truth, I only belong to one local networking group for women in business. Why only one? Local networking is time-consuming and expensive.I do, however, participate in many other forms of networking. Here are some examples of how you can You see something, and you think "hey that's a great deal", especially for how hungry you are. Your the next one in line, so you walk up to the cashier ready to buy and say "Combo Number 3 please." And right before the cashier rings you up, s/he kindly ask "would you like to 'Up-Size' that combo for just .59 cents? You think, "Yumm, more of those delicious fresh fries and more tasty soda to drink with my meal, all for just an extra 59 cents." What a bargain, especially since your so hungry. So you kindly say sure, I would like to 'Up-Size' my combo. How many of you have been in this situation? It's a safe bet that almost all of you have...guess what.. you had just experienced yet another up-sell..and all you wanted to do was get something to eat ^_^.. Ok, Ok, now ...How can you use this method of marketing to benefit Your sales? Well, there are a few ways you can approach this. First, You can offer different versions of your product or service. For instance, lets say your selling an autoresponder service. Your first version can simply be a free or low cost web based service--the 'bronze version' Your first version has only one set back, it contains (your) advertisements in each mailing.. So you can offer the same web based service with out the advertisements as an upgrade for only $20/mo more. This could be your 'silver package' Then taking this a step further, you ca Strategies for Implementation-How to Follow Through on Your New Year's Resolutions eady to buy and say "Combo Number 3 please."For most of us, the start of a new year is a time of reflection. A review of the year gone by and an opportunity to set goals for the year ahead. Intentions are good and motivation is high.The challenge lies in the predictable loss of steam that ensues as we move past the holiday season and back into our workaday lives.Make no mistake. Setting goals is easy. Following through is the hard part. To assist you in seeing those New Year’s goals and resolutions come to life, Bywater Consulting Group presents you with:Liz Bywater’s Strateg And right before the cashier rings you up, s/he kindly ask "would you like to 'Up-Size' that combo for just .59 cents? You think, "Yumm, more of those delicious fresh fries and more tasty soda to drink with my meal, all for just an extra 59 cents." What a bargain, especially since your so hungry. So you kindly say sure, I would like to 'Up-Size' my combo. How many of you have been in this situation? It's a safe bet that almost all of you have...guess what.. you had just experienced yet another up-sell..and all you wanted to do was get something to eat ^_^.. Ok, Ok, now ...How can you use this method of marketing to benefit Your sales? Well, there are a few ways you can approach this. First, You can offer different versions of your product or service. For instance, lets say your selling an autoresponder service. Your first version can simply be a free or low cost web based service--the 'bronze version' Your first version has only one set back, it contains (your) advertisements in each mailing.. So you can offer the same web based service with out the advertisements as an upgrade for only $20/mo more. This could be your 'silver package' Then taking this a step further, you ca A Successful Job Interview of you have been in this situation? It's a safe bet that almost all of you have...guess what..As you may know, when you apply for the Canadian visa, you must attend to an interview with a Visa officer.I?ve helped people from all over the world get ready for their interviews, and based on my experiences with them, I?ve prepared hundreds of useful tips that people looking for a job can use to succeed in any job interview!Here are some of them...It's the moment you've been anticipating. You've been steadily sending off resumes for the last two weeks and now the phone is ringing. On the other end is the disembodied voice you had just experienced yet another up-sell..and all you wanted to do was get something to eat ^_^.. Ok, Ok, now ...How can you use this method of marketing to benefit Your sales? Well, there are a few ways you can approach this. First, You can offer different versions of your product or service. For instance, lets say your selling an autoresponder service. Your first version can simply be a free or low cost web based service--the 'bronze version' Your first version has only one set back, it contains (your) advertisements in each mailing.. So you can offer the same web based service with out the advertisements as an upgrade for only $20/mo more. This could be your 'silver package' Then taking this a step further, you ca Why You Don't NEED a Marketing Plan ets say your selling an autoresponder service. Your first version can simply be a free or low cost web based service--the 'bronze version'If you pick up a copy of the November 2003 issue of Entrepreneur magazine, you'll see my Web site listed on page 10, along with a good amount of promotional copy.How did I get featured in a major, national magazine?Do I have a great PR person? Did I know someone at the magazine? Was this part of my carefully-crafted marketing plan?No, no, and um, no.I'll tell you exactly how I did it.Are you ready?I picked up the phone.A few months ago, I was flipping through a past issue of Entrepreneur and Your first version has only one set back, it contains (your) advertisements in each mailing.. So you can offer the same web based service with out the advertisements as an upgrade for only $20/mo more. This could be your 'silver package' Then taking this a step further, you can offer a fully functionally version, where the customer would be in complete control as a Domain Based autoresponder.-The ultimate 'Gold version' and you can offer this version for $150 over the 'silver' price. O but you can offer another great up sell to the 'Gold version' by adding lifetime upgrades to the domain based autoresponder, as the 'Platinum Version' and charge say an extra $20 over the 'Gold' Price. Doing this will allow you to up sell both, people who are looking for web based service AND the domain based service.. A second way you can use the power of up selling to boost your sales through the roof is simply by placing an entry pop-up at the download page/confirmation page of a product that a customer has already purchased. An example for you: lets say your selling a Automating Search Engine Submission Software for $97.. When your customer has clicked the order link, filled out their credit card information and clicked the 'submit' button they are taken to the download/confirmation page. On this page is where you place the entry pop up with a link to a complimentary eBook about 'Search Engine Submission and how to optimize your site to get the #1 ranking.' lets say you sell this ebook for $27 (normal price $47, give them a discount and make them feel valued--because they should be) . What this does for your customer: Offers them a product they can actually use--that compliments their current purchase. Since they already have their credit card out and are in the "buying mode" chances are they will jump at the chance to own that ebook.. So what this does for you is increased your initial $97 sale to a $124 profit. All for simpl
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