Webogram power, Part 2 (page 2 of 2)
- Thursday, November 09 - 2006 at 10:07
* Promotion program. Special promotions are another means of cross- and upselling. You might feature a ketchup promotion with sausages, for example. Or milk where breakfast cereals are to be found. In short, think about uniting complementary products. Again, analyze in-store behavior to clarify ideas on complementary promotions. Just because you think one product bears a logical relationship to another, doesn't mean a customer will, and the coincident appearance of an arbitrarily chosen product may not inspire a shopper to purchase the promoted item along with the one he intended to buy. Short message: Don't guess at your customers' preferences and tendencies. Know them by research and analysis.
I know these thoughts haven't made you an instant Webogram expert. But, hopefully, they've sparked some ideas for you and perhaps caused you to rethink your existing cross- and upselling strategy. If you're among the 50 percent of online e-tailers who are already thinking this way, I'm sorry for wasting your time. However, the rest of you -- get going!
Remember, cross- and upselling won't happen by itself. These are achieved as the result of careful planning, which every online site manager should be engaged in. There's a lot of work to do before you can conclude your conversion rate has fulfilled its potential. Offline retailers have been planogramming their way to increased conversion rates for years. So, what are you waiting for? Plan that Webogram.
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