
dramatically. To pump profits even
further, we agreed it would be a good idea to have normal insurance as
well as, premium. Premium insurance would be like icing on the cake.
We thought of at least
another six things to put on a checklist to upsell every single client and most
importantly, I finally convinced Barbara to up her prices by 10 percent. Of
course this meant we had to redo the quotes and turn them into action plans.
Then came the toughest part.
We had the solution;
now it was a matter of getting her sales team members to sell it. Scripts were
made up so that all customers were offered insurance. Well maybe not offered-it
was more or less sold to them. You see, instead of getting the sales team to
ask, Would you like to take out insurance with that? to which most
would simply say, No, thank you, they asked Which would you
like, our normal or our premium insurance? The customer wasn't really
given a choice.
By carefully phrasing
the question in this way, the customer felt obliged to go with one of the
insurance packages-and often it would be premium for the extra peace of mind
since they were going to take insurance anyway.
That one idea
changed my thinking about the entire business, Brad. Since then we've added dry
cleaning and gardening to our checklist of services. They all help add value to
the customer's experience and as result our average dollar sale and subsequent
profits are terrific, Barbara said.
Oh and the price
rise-once we trained the sales team, no one even questioned it. Now on the same
turnover, we make about five times as much profit.
Maybe it's time I
thought about offering a few extra products and services, Charlie thought
aloud.
And don't forget
to think about how you ask customers if they want them, added Barbara.
What made the insurance idea so successful was the way it was
presented, she concluded as we waved good-bye.
No longer dumbstruck by
the simplicity of the success stories he was witnessing firsthand, Charlie
began appreciating the possibility that their success
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