Retain
Building Block 12: Upsell/Cross Sell Strategy
Challenge
One of the last stages in the customer lifecycle is the upsell/cross sell. It is also the final building block for SaaS go-to-market success. You cannot successfully up/cross sell without going through each of the previous building blocks.
Strategy Tip
To be most effective, use the “land, engage, expand” approach to selling cloud services, including up/cross sales:
Land
Establish your company and products with one or two anchor applications
Engage
Provide onboarding, support, and customer lifecycle management to establish trust and start delivering value
Expand
Identity adjacent use of cases of specialized services to increase customer stickiness
Building a Foundation to Succeed
Value delivery is the key that unlocks the right to up/cross sell, and if you haven’t earned that, it makes little sense to try to upsell or cross sell earlier in the go-to-market journey.
Companies that do follow and implement the SaaS go-to-market framework are in an excellent position to increase sales and revenue through upselling and cross selling. They have taken the time to build a trusted relationship with customers, one that will drive higher customer lifetime value.