How to Scale Your Business Beyond Borders: 3 Powerful Strategies for Black Entrepreneurs
Dr Berrisford Lewis
Helping Entrepreneurs Attract Their Perfect Clients And Double Their Profits. Mentor, Coach, Author & Speaker.
Scaling your business beyond borders can sound intimidating, but it's simpler than you think! By focusing on strategies like upselling, down selling, and cross-selling, Black business owners can take their businesses to new heights—reaching customers all over the world. Let me break these strategies down for you with examples and a simple plan to get started! But don’t be fooled by the simplicity of these strategies because they are incredibly powerful.
1. Upsell: Help Your Customers Upgrade
Upselling means offering your customer a better, more expensive version of what they’re already buying. Think about it as offering an “upgrade” to their purchase. Allow me to give you an example.
Imagine you run an online clothing store. A customer wants to buy a simple t-shirt for £20. When they’re about to check out, you offer them a premium version of the t-shirt made from organic cotton for £35. Since they already like the t-shirt, they might just decide to go for the upgrade! That extra £15 sale adds up quickly when you do it with many customers. Want to grow your sales quickly? Start thinking about how you can offer your customers better versions of what they already love. Create value and watch your business grow!
2. Downsell: Offer a More Affordable Option
Not everyone is ready to buy the most expensive product you have, and that’s alright! Downselling means offering them a cheaper option, so they still make a purchase, even if it’s not the top choice. The example! Let’s say you sell premium skincare products. Someone is interested in your £50 face cream, but it’s a bit too expensive for them. You can offer them a smaller size or a similar product for £25. This way, instead of losing the sale completely, they still buy something and become a customer. The likelihood they would buy more from you in the future increases significantly. Eric Lofholm say a buyer is a buyer is a buyer. Don’t lose out on sales! Have a plan for offering more affordable options to customers who aren’t ready for the big purchase. Keep the sale alive!
3. Cross-sell: Offer Related Products
Cross-selling is when you suggest other items that go well with what your customer is already buying. This helps increase the size of each order without making the customer feel like they’re overspending. If you sell smartphones, when a customer buys a new phone, you can offer them a matching phone case or wireless earphones. Since they’re already buying the phone, they’re more likely to add these extras to their cart.
Want to boost your average sale? Think about what related products you can offer your customers when they’re ready to buy. It’s an easy way to grow your business fast!
Why These Strategies Matter for Black Entrepreneurs
As a Black business owner, these three strategies—upselling, downselling, and cross-selling—can be your secret to growing beyond borders. Whether you’re selling in the UK or to customers all around the world, these techniques will help you increase sales, keep your customers happy, and scale up easily.
Start using these strategies this minute, and watch your business go global!
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5 个月Thank you for sharing this powerful and insightful post Dr Berrisford Lewis
Stress-Busting, Health-Boosting Expert | I enable people like you transform your physical, mental, emotional and spiritual health, using advanced Light technology. | Speaker on living a healthy lifestyle
5 个月Great strategies for scaling up! Upselling, downselling, and cross-selling really do make a big difference in reaching new customers. Thanks for sharing these tips!
Director - Succeed From The Start, Special Responsibility for Stepping Out of The Shadows.
5 个月This post is incredibly inspiring and informative! Dr Berrisford Lewis
Founder - Succeed From The Start - Where You Matter, and so does Your Message!
5 个月This post is a must-read for any entrepreneur serious about growth and expanding their reach. Keep inspiring and educating! Dr Berrisford Lewis
Neurodiversity & Creative Flow Coach | Transforming Self-Sabotage into Actionable Vision for Heart-Centered ND Creatives Let's Celebrate Our Diverse Brilliance & Prosperity???? Book A 'Be More, Crave Less' Call!????
5 个月Great work Dr Berrisford Lewis!! Thanks for sharing and showing your dedication to such empowering and inclusive informaion! ??????????????????