Financial Glossary

Cross-Selling

Definition

Cross-selling is a sales strategy where businesses encourage customers to purchase complementary or related products to increase revenue.

Related Services

Sales training, CRM implementation, and customer retention consulting help businesses execute effective cross-selling strategies.

Problem and Application

Poorly executed cross-selling can annoy customers and reduce satisfaction. Businesses must personalize recommendations to enhance the customer experience.

Conclusion

Effective cross-selling increases revenue and customer retention. Businesses should use data insights to offer relevant products and enhance customer value.