You’re probably familiar with up-selling and cross-selling. Perhaps you even employ these profit boosting tactics in your marketing.
But how about downselling?
After reviewing and evaluating hundreds of websites, I would have to say that less than 1% of all online sellers are using this powerful conversion booster.
And, that’s too bad, because in every single instance where I have tested a strategic and related downsell offer, I’ve seen an improvement in conversion rates. Often a big one!
Also… Downselling is a great way to capture new customers that you would otherwise have lost.
So what is downselling?
Downselling is simply presenting a related, yet lower priced offer to prospective customers who pass on your main offer.
A few ideas for downsell offers include:
- “¢ Offering a mini version or light version of your product.
- “¢ Offering a digital only version of your physical information products.
- “¢ Offer
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