Your sales team pushes for aggressive upselling in CRM. How do you balance retention and revenue?
When your sales team pushes aggressively for upselling in your Customer Relationship Management (CRM) system, it's crucial to find the right balance between boosting revenue and maintaining strong customer relationships. Here are some strategies to help:
How do you ensure a balanced approach in your sales strategy?
Your sales team pushes for aggressive upselling in CRM. How do you balance retention and revenue?
When your sales team pushes aggressively for upselling in your Customer Relationship Management (CRM) system, it's crucial to find the right balance between boosting revenue and maintaining strong customer relationships. Here are some strategies to help:
How do you ensure a balanced approach in your sales strategy?
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Retaining a customer is better adding 2 new customers. I would suggest every salesperson to measure this 1. How many accounts gives you 80% overall business for you ? 2. Measure your avarage order value ( monthly) and improve it every month. 3. Create an account plan for top 10 accounts 4. Map your accounts for products and improve cross selling. Once you follow this, you will be able to RETAIN your accounts without losing REVENUE growth
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In my experience to balance retention and revenue in the face of aggressive upselling: - Set clear guidelines: Establish a framework for when and how to upsell, emphasizing customer needs - Train your team: Equip your sales team with the skills to identify opportunities that genuinely benefit customers - Prioritize customer satisfaction: Focus on building trust and delivering value - Track key metrics: Monitor customer retention rates, upsell success, and customer satisfaction to measure the impact of your approach - Encourage feedback: Regularly solicit customer feedback to understand their needs and concerns By striking this balance, you can achieve sustainable growth while nurturing customer relationships for the future
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Easy, change the commission structure. Put more emphasis on new clients rather than growing existing business. Reps will chase new business over existing clients if they are so rewarded.
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