Definitions and Glossary Up Sell
One way to increase the value of a customer is to upsell them. Upselling consists
of increase the value of purchases of the same product or service from a customer.
For example, in insurance you might upsell a customer from a small life insurance
value to a higher life insurance value. Alternatively, an internet service provider
(ISP) might upsell a client from a small download limit plan to a higher download
limit plan.
Upsell strategies are often very successful in increasing customer value because
the customer is already purchasing the product, knows and trusts it.
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