Definition of cross-selling
Offering additional products or services to a customer based on their initial purchase.
Explanation of cross-selling
Cross-selling involves suggesting complementary items or upgrades to a customer during or after their initial purchase, with the aim of increasing the overall value of the transaction.
Example of cross-selling
A customer who purchases a camera may be cross-sold additional lenses, camera bags, or a tripod.
Strategies of cross-selling
- Analyze customer purchase history to identify relevant cross-selling opportunities.
- Display cross-sell recommendations at strategic points in the customer journey.
- Bundle related products for a discounted price to incentivize cross-selling.
Related terms
- Upsell
- Product bundling
- Recommendation engine
- Add-on sales