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Cross-Sell

 

Also called suggestive selling, sales technique whereby complementary products are presented to a customer after the customer has demonstrated a desire and willingness to purchase a particular product. For example, when selling electronic equipment, a salesperson may attempt to sell a service contract for the extended maintenance of the equipment after the customer has decided to purchase the equipment. While cross-selling may make accessorizing more convenient for the customer, it also enables the salesperson to sell more products.

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Banking Dictionary: Cross-Sell
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Selling more than one banking product at the customer service desk, for example, check Overdraft protection to a customer opening a checking account. Banks often give employee bonuses, such as cash incentives to branch employees to meet sales objectives. Cross-marketing is perfectly legal as long as there are no tie-in arrangements, i.e., making the sale conditional on acceptance of the add-on product.

 
 

 

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Marketing Dictionary. Dictionary of Marketing Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more