uk-netmarketing Archive
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Subject: | UKNM: Re: cross/up sell |
From: | Kevin Lelland |
Date: | Tue, 19 Dec 2000 12:34:28 GMT |
At fear of doing this topic to death -
An important difference between cross sell and up sell - when you are not dealing with edible goods - is that cross selling locks customers into owning multiple products and decreases the chance of them defecting to a competitor. There is defection model from Cranfield somewhere that highlights this. It is estimated that 20% of customers supply 80% of most business.
Up sell = short term gain
Cross sell = long term gain
Kev. Lelland
Lighthouse
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