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Upselling To Increase Your Design Revenue - RD078

Upselling To Increase Your Design Revenue - RD078

FromResourceful Designer: Strategies for running a graphic design business


Upselling To Increase Your Design Revenue - RD078

FromResourceful Designer: Strategies for running a graphic design business

ratings:
Length:
43 minutes
Released:
Jun 30, 2017
Format:
Podcast episode

Description

Have you ever heard of upselling? Upselling is the process of getting someone to upgrade their purchase or getting them to add things to their order at the time of sale. Most predominant in the fast food industry where you will often be asked if you would like to increase the size of your drink or if you would like fries with your order. Upselling is a great way for a business to increase revenue.  Many people believe "upselling" is a dirty word. A way of manipulating clients into spending more money. But upselling can actually help clients get more value from their purchase and in turn, help your business get more loyalty and revenue from the client. When done correctly, upselling can help build deeper client relationships. Don't view it as a sales tactic, view it as a client happiness tactic because of the extra value you are providing them. In this episode of the Resourceful Designer podcast, I discuss ways you can use upselling to your advantage. Be sure to listen to the episode for the full story. How upselling applies to your design business. Every time a client discusses a new design project with you, it opens a window of opportunity for upselling other services and products you can offer them. For example, while discussing a new web design project you can offer additional services such as hosting, website security, backup, upkeep and more. You could also offer to design their social media profiles so they match the new website. These are things the client may not think of. By upselling them on these services you are providing them with added value while also increasing your revenue. Designing a logo for a new company is the perfect time to upsell them on stationery, signage, vehicle wraps, social media branding and so much more. Even something as simple as offering stickers with their logo on them is an added value for the client. Do you offer print brokering? Print brokering is a perfect opportunity for upselling. Clients often don't realize that printing costs decrease exponentially as quantities increase. So a print order that costs $200 for 1000 items might only cost $275 for 2000 items. Paying an extra $75 to double their order may be worth it for the client. You are providing them with an extra value while also increasing your profit margin on the print order. Do you work on retainer? Not only do retainer agreements provide you with a guaranteed steady income, they can provide immense value to your client. A retainer agreement in itself is a valuable upsell for your client that uses your services on a regular basis. Especially if you offer them a discount on your rates in exchange for the guaranteed income. Give it a try Upselling to design clients has been happening since the inception of the design industry so why not take advantage of it to provide extra value to your clients while also increasing your revenue? It's very easy to do. Simply offer the client more than they expected while discussing design projects with them. Not only will they appreciate the added value, but it will make them more loyal to you and strengthen the important client relationship you are building. Both parties win and there's nothing dirty about that. Upselling, give it a try. What examples of upselling have you used? I would love to know how you use upselling to increase your design revenue. Let me know by leaving a comment for this episode. Questions of the Week Submit your question to be featured in a future episode of the podcast by visiting the feedback page. This week’s question comes from Florida Boy Hello Mark! I've listened to a lot of your podcasts, and while at this moment I'm not looking to make a leap just yet into becoming a solopreneur, I am very much inclined to doing so. In multiple podcasts, Mark, you mention that although we are alone, we do not need to go about conducting business alone; it's OKAY to have help. I have over a decade of experience with Print media, shirts, signs, etc., but what if, instead of onl
Released:
Jun 30, 2017
Format:
Podcast episode

Titles in the series (100)

Offering resources to help streamline your home based graphic design and web design business so you can get back to what you do best… Designing!