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Second Tier Marketing
Filed Under (affiliate marketing) by admin on 31-05-2009
In this article we consign review the principles of second tier marketing to your existing customers. We consign moreover discuss how to cross-market and get at potential customers that you may not hold been aware of.
Importance of Back-end Selling
Considerable effort is needed to achieve customers for your products. You invent killer webpages, work solid for high search engine rankings (or pay for them), propose classified ads, etc. but still do not manage to sell enough. This is where the concept of back - end sales is advantageous.
Most marketers are successful because they apply back - end selling into their selling efforts. Back - end selling is when you sell other products or services to your existing customers after they have purchased an initial product.
It is always easier to market products or services to your existing customers because you retain developed a relationship with them when you sold your top product or service to them. You will find it less expensive sell to old customers as compared to selling to new customers.
Your conversion ratio will be dramatically higher with existing customers. Every case you continue selling back - end products or services to existing customers, you will be building a life - long relationship. You should continually bear out new back - end products or services to market to existing customers.
Many businesses sell their front - end products ( initial products ) at almost zero profit in order to generate back - end profits. These businesses do not care even if they lose money on the front - end products or services; they want the back - end profits.
How do you make back end sales? There are a few ways. When you order a product from a mail - order company, they ‘ ll send you a catalog along with your order, or put you on a mailing list and send you new catalogs from time to time. They might also send you a sales letter for other product. This may
be related to the first product in some way. Many companies implement such a strategy.
To implement this technique on the web, you can put the sales pitch for your back end item in the email to the customer to confirm their order. If you have an online catalog, you could include a link to it, or even include a
coupon or special offer ” for all valued customers “.
For a faster response, you should put the backend offer on the ” Thank You ” page that is generated by a credit - card sale. The customer just bought something from you and has a credit card in his or her hot little hand! Why not ask for another purchase while they are in the mood to buy. In case you do not market more than one product or service, affiliate programs might come in handy. This way you can back sell products promoted by your affiliate programs as well.
Back - end selling can also be integrated with “Up - Selling” wherein you introduce more expensive products or services to your existing customers in similar ways as those mentioned above. This will almost instantly raise your sales and profits.
Cross Selling
Another successful strategy similar to the ones discussed above is Cross Selling. One of the best examples of cross selling via the web is on Amazon. com. If you search for a book on the Amazon site, a message will appear on the same page, saying ‘ Customers who bought this book also bought… ‘
and will list half a dozen other books for your consideration. This is an excellent way to cross sell additional services or content to your members.
You can also direct visitors to other parts of the site, to consider products and services that they hadn ‘ t previously considered. Successful cross selling is the result of recognizing a customer need and meeting that need with a useful product or service. Customers benefit from needs - based cross selling efforts because they receive the services they need and want.
Cross selling should help your business realize its objectives: providing useful services, retaining customers, attracting new customers, and staying competitive with other websites.
In inference, you can offer a range of products and services on the Internet. The key is proper research and a enormous marketing plan.
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