What is eCommerce Cross Selling?
E-commerce cross-selling is a sales and marketing technique that encourages customers to buy additional products related to their initial purchase. The goal is to increase the average order value (AOV) by offering complimentary items.
Example of Cross-Selling in eCommerce
Imagine you’re buying a new smartphone at an online store. As you checkout, you see a recommendation for a phone case, screen protector, and wireless earphones. This is cross-selling in action.
The store suggests products that complement your primary purchase, making your shopping experience more convenient and potentially increasing your overall spending.
The Benefits of E-Commerce Cross-Selling
- Increased average order value (AOV)
- Higher revenue per customer
- Improved customer satisfaction
- Deeper customer relationships
- Potential to clear out inventory
- Enhanced customer experience
- Increased upsell opportunities
- Valuable customer data insights
- Competitive advantage
What are the best ecommerce cross-selling techniques for increasing sales?
- Product Recommendations: Utilize data to suggest complementary items based on purchase history.
- Bundles and Packages: Offer discounted bundles of related products to increase perceived value.
- Strategic Product Placement: Position related items prominently on product pages and checkout.
- Personalized Recommendations: Tailor suggestions based on customer preferences and behavior.
- Limited-Time Offers and Incentives: Create urgency with time-sensitive discounts or freebies.
- Effective Product Descriptions: Highlight how additional products enhance the primary purchase.
- Leverage Customer Reviews: Showcase how other customers use products together.
- Cross-Selling at Checkout: Offer last-minute opportunities to add items to the cart.
How to implement cross-selling in an ecommerce store?
Step1: Understand Your Products and Customers
- Analyze your product catalog to identify complementary items.
- Create customer segments based on demographics, purchase history, and behavior.
Step 2: Choose Cross-Selling Opportunities
- Determine which products are likely to be purchased together.
- Create product bundles or kits for related items.
- Identify frequently bought together items.
Step 3: Implement Cross-Selling Tactics
- Product Page: Display “Frequently Bought Together” or “Customers Also Viewed” sections.
- Cart Page: Suggest complementary items based on cart contents.
- Checkout Page: Offer additional items with discounts or bundled deals.
- Post-Purchase Emails: Recommend related products or upsells.
- Personalized Recommendations: Use customer data to offer tailored suggestions.
Step 4: Test and Optimize
- Experiment with different cross-selling placements and product suggestions.
- Track performance metrics like click-through rates and conversion rates.
- Refine your cross-selling strategy based on data insights.