
Cross Selling
The classic example of cross selling is the cashier at the fast food place asking - "Do you want fries with that?" A good percentage of people will answer "sure, why not" adding to the cost (and calories!) of their meal, so the average transaction size increased, and revenue increased even if they had the same number of transactions. How is this relevant to aviation marketing? Here's an example: For an MRO organization - the owner of a KingAir calls to schedule an annual inspection and some minor repair work. You ask: "Do you often fly in cold weather? Are there occasions when your plane has to sit outside the hangar for any length of time in a cold environment?" If the answer is yes, "We recommend a preheat system to reduce engine wear and improve safety. If you've considered getting one, it is less expensive if we add that to the inspection and other work we're doing, since it's already here and we already have the cowlings off. Is that something you've thought about doing?" . . .Up Selling
Up selling basically means selling more products and services (or more expensive products and services) to your current customers. What we're NOT talking about is "bait and switch" selling, where you misrepresent an offer in an advertisement for the purpose of selling someone a more expensive product or service. This only works when it's also in the best interest of the customer. As an example, you own a charter company. You have a charter customer (Frank) that flies with you regularly, and you know that he also flies with your competitors from time to time. You could mention in a conversation- "You know, Frank, as much as you fly, it might save you some money to participate in our jet card or fractional program. Would you be interested in learning more about that?" If Frank is interested, you've just acquired more of his business and given him a better deal.Down Selling
Down selling is the opposite - selling a product that is LESS expensive than what he originally thought he wanted. This doesn't sound like a good idea, but because we have a limited number of real prospects in the aviation industry, it behooves us to treat them very well. In our example, you are an aircraft broker, and you have a client, Pat, who has hired you to acquire an aircraft for her company, and she's convinced she wants a Gulfstream VI. After your initial analysis, you discover that she has the funds to acquire the aircraft but it would be difficult to fund its maintenance and operation. Do you sell her the GVI? Not without doing your level best to talk her out of it. You spend the time talking about alternatives and reasons "less airplane" would be a better fit for her current needs.Factors to consider:
In each case, the key factors for cross selling, up selling or down selling are these:- What does the customer really want or need? Do your salespeople really listen or do they make assumptions and jump to conclusions?
- What does your company offer (or can it get from trusted partners and suppliers) that serve their needs better than your standard product?
- If your product (or some combination products and services you can offer) isn't an ideal solution, do you have relationships so that you can make appropriate referrals?
How you benefit:
- More sales!
- More revenue!
- More happy customers!
- Fewer inappropriate sales!
- Fewer returns, chargebacks and customer service headaches!
- Happy referral partners!
- A better reputation in the industry!
Categories
Aviation Marketing
MRO Marketing