Podchaser Logo
Home
Upsells and Cross Sells

Upsells and Cross Sells

Released Friday, 21st August 2015
Good episode? Give it some love!
Upsells and Cross Sells

Upsells and Cross Sells

Upsells and Cross Sells

Upsells and Cross Sells

Friday, 21st August 2015
Good episode? Give it some love!
Rate Episode

Viacom reported a 37% increase in earnings The morning after the premiere of MTV’s Jersey Shore

14% increase in worldwide ad revenues was attributed to the aforementioned show.

How did they make this happen?

The show’s fans would do anything to get a piece of the action they were seeing on their TV screens.

So the people who ran the show began to sell Jersey Shore merchandise in outlets called Shore stores. When anyone bought something, the cashiers would ask, “Would you like a signature shot glass with your order?”

Nearly everyone bought the signature shot glass.

This simple question resulted in more than 500,000 sales of shot glasses in the third quarter of 2011.

It’s called the art of upselling. Simply put, ask for more and it’s likely you’ll get what you ask for. And by doing so, you’ll optimize the value of every sale.

The book Marketing Metrics says, “The probability of selling to a new prospect is 5%-20%. The probability of selling to an existing customer is 60-70%.”

image image image image imageimage
Show More
Rate

Join Podchaser to...

  • Rate podcasts and episodes
  • Follow podcasts and creators
  • Create podcast and episode lists
  • & much more

Episode Tags

Do you host or manage this podcast?
Claim and edit this page to your liking.
,

Unlock more with Podchaser Pro

  • Audience Insights
  • Contact Information
  • Demographics
  • Charts
  • Sponsor History
  • and More!
Pro Features