If your 2023 business goals include seeing a massive increase in profitability, you can achieve this by augmenting customer orders through upselling and cross-selling. SalesPad by Cavallo offers both UpSell and CrossSell as Sales Line Plugins within our desktop products. Implement these automated tools, and see a significant increase in basket size as a result.
Average basket size, or the number of units per transaction, is a key performance metric in both sales and marketing. Calculating average basket size—dividing the number of units purchased by the total number of transactions—allows you to measure your business performance in a variety of ways.
For example, your average basket size is indicative of how effective your marketing strategy is, and where you might be falling short. You can also assess how well you understand your customers, and whether your buyer persona is accurate. This in turn aids you in predicting consumer trends and getting ahead of your competition. Furthermore, you can gain insight into how well you’re retaining customers and understand which products are most relevant to them.
Once you have an adequate understanding of both your customers and your business performance, you can narrow your focus to increasing your basket size as much as possible. Two of the most effective ways to do so are through upselling and cross-selling, which include selling higher-end products and additional products to customers as they’re buying from you.
SalesPad offers UpSell and CrossSell functionality embedded within our software. With these features, administrators can configure the plugins to automatically offer discounts and upgrades, sell higher-end products, generate a sales pitch, and more, thus streamlining this strategy rather than manually inputting it for each order.
Incentivize customers to buy more products and increase basket size by automating discounts for additional products via CrossSell. You can also implement UpSell to offer customers upgrades for a chosen item, with the goal of selling a higher-end item. Both strategies are effective means of increasing basket size, and work well in tandem.
Both UpSell and CrossSell also have the ability to automate a sales pitch for your team members, giving them an indication of important points to market to your customers.
With a user-friendly interface and customizable automation capabilities, these features are easy to maintain and modify. Increase your margin on orders with just two clicks, and continuously get more inventory out to customers.