20. Average Spending per Customer

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Transcript

And lastly, we're going to discuss about average spending. How do we get our customer to spend a little bit more with us? They Madonna is always the master of this. The first strategy you can consider doing is how can you bundle a few of your product together and make it into a package? This is what Madonna do. Another idea is you can always upsell What can you upsell to your customer by adding $1 and by adding $2 what are the value adding that your customer can get after upselling selling warranty is also a brilliant ways to get your customer to spend a little bit more with you.

So as usual, I'm going to share with you 25 different strategic How can you get your customer to spend a little bit more with you. Okay, let's begin with the number one column. The value added as I say just now the upselling What can you upsell your customer to buy more? Number two, add on and go lash at this is a little bit different between upsell and add on upsell is you want to get your customer to buy something more expensive and or just like the cream of the stop and you just add $1 just to get the cream of the tree sell warranty and insurance. This is something that definitely you can get more sales out from this. Offer delivery and charge for it.

Now if you can choose not to give a free delivery, you can overcharge for it. And if I fall for price of three, get your customer to buy more. Always offer buy one get one free never offer 50% discount because when you ask your customer to buy one get one free customer is paying full price of the product. whereby if you're giving away 50% discount, in fact you are losing up to sales of a seven by buying special if your customer can buy in large quantity from you. That will be fantastic. Same process.

If a customer by a toss like from you make sure that you cross sell him the battery impulse buys this is something that you see in supermarket. Whenever you line up for the payment. There is always some candy bar battery putting besides the counter for you to have any impulse purchase have a shopping checklist if you can offer your customer a checklist on what to buy, give it to them minimum order amount you can always set the minimum order quantity or minima or the Mau have been the package deal. bestseller item over display and highlight your bestseller item. Have any indoor promotion if it's possible. Okay some special plan you can offer happy hour package to encourage customer to come in to your shop or to your pup during the peak hours reward customer after existing certain amount of purchase.

You can always encourage customers to buy some lucky draw views provide a shopping basket is a very smart way to encourage your customer to buy a little bit more five purchase with purchase. Alright, so there is some other ideas for example like Could you do your product merchandising you do you also sell product accessory. rearrange your product and stalling out make sure that is easy accessible for your customer. If you are selling children produce a toys make sure that this product the toy are displayed at the bottom area of the rack to allow children to easily grab mommy raised surprise if you are needed. Make sure that you always add value offer incentive for your team if they sit there stills tiger and always Stop discounting, do not offer discount. And lastly, let's do a quick summary.

What are the average spending strategy that you choose? And make sure that you always pick the most effective strategy to get your customer to spend a little bit more. And another question I have for you. Do you have enough product lines or services to support your average spending strategy, make sure that you do create enough product in this sense and also pick the top five strategy for your next 90 day plans. And our aim is to improve your sales by 10% in the next 90 days,

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