Definitions and Glossary Cross-sell
Cross-sell or cross-selling is the process of selling an existing customer an additional
product or service of yours that they do not already have. In a similar way to retention, cross-selling has a much higher
success rate than acquisition simply because you know much more about a customer
than you do a prospect. In addition, they should already have a trust relationship
with you.
For example, because of your existing relationship with the customer you will have
accurate information about their of their contact preferences and details (decreasing
returned and poorly addressed mail), and you may also have other relevant information
about them that you can use to better target your offering.
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